VMware Cloud Foundation to deliver a secure, unified private cloud platform driving global operational resilience and banking innovation July 16, 2026 02:00 ET | Source: Broadcom Inc.
PALO ALTO, Calif. and LONDON and SINGAPORE, July 16, 2026 (GLOBE NEWSWIRE) -- Broadcom Inc. (NASDAQ: AVGO) and Standard Chartered today announced a long-term strategic commitment to accelerate the bank’s global infrastructure modernization by establishing a secure, resilient private cloud foundation to seamlessly support critical banking services across 54 global markets.
As a leading international bank, Standard Chartered requires infrastructure that delivers operational consistency at global scale while staying ahead of evolving regulatory and security requirements. Standard Chartered has realigned its infrastructure delivery to a fully integrated software-defined private cloud environment using VMware Cloud Foundation (VCF). VCF embeds intrinsic zero-trust security directly into the infrastructure layer, providing uninterrupted availability and compressing infrastructure deployment from weeks to a day.
With 70% of its global infrastructure footprint already running on the new architecture, Standard Chartered has demonstrated that a consistent private cloud is successful at a global scale—laying the foundation for the next frontier in secure, resilient and compliant banking innovation.
John Sharratt, Global Head of Technology and Infrastructure, Standard Chartered, said, “Standardizing a fully virtualized software-defined infrastructure across our global operations enables Standard Chartered to meet the evolving demands of our clients while strengthening our technological core with the responsiveness, resilience and regulatory compliance that global banking demands. Our client-centric, long-term investments with global service providers, such as Broadcom, strengthen our ability to deliver always-on banking services in an ever changing and dynamic landscape, while accelerating innovation with a secure private cloud foundation.”
“Global financial institutions require infrastructure that combines resilience, security and operational simplicity at scale,” said Krish Prasad, senior vice president and general manager, VMware Cloud Foundation Division, Broadcom. “Standard Chartered is at the forefront of digital banking innovation, and we are proud to support their journey toward a highly automated, AI-driven, modern private cloud with VMware Cloud Foundation,” he added.
By modernizing the infrastructure that underpins its core banking, payments and digital services, Standard Chartered has enhanced its future-ready technology platform for sustainable growth and client-centric innovation—one that is anchored on a secure and resilient private cloud foundation.
About Standard Chartered
We are a leading international banking group, with a presence in 54 of the world’s most dynamic markets. Our purpose is to drive commerce and prosperity through our unique diversity, and our heritage and values are expressed in our brand promise, here for good.
Standard Chartered PLC is listed on the London and Hong Kong stock exchanges.
For more stories and expert opinions please visit Insights at sc.com. Follow Standard Chartered on X, LinkedIn, Instagram and Facebook.
About Broadcom
Broadcom Inc. (NASDAQ: AVGO) is a technology leader that designs, develops, and supplies semiconductors and infrastructure software for global organizations’ complex, mission-critical needs. Broadcom combines long-term R&D investment with superb execution to deliver the best technology, at scale. Broadcom is a Delaware corporation headquartered in Palo Alto, CA. For more information, visit www.broadcom.com.
Media Contacts:
Broadcom
Eloy Ontiveros
Broadcom Global Communications
+1-408-646-3944 [email protected]
Standard Chartered
Aida Mekonnen
Technology & Operations Communications [email protected]
HOUSTON--(BUSINESS WIRE)--Aramco awarded Halliburton (NYSE: HAL) a multi-year contract to deliver integrated stimulation and completion services for unconventional gas development in the Kingdom of Saudi Arabia. This award is part of a broader multi-billion contract, supporting one of the largest unconventional gas development programs globally.
This award builds on Halliburton’s established portfolio supporting Aramco’s unconventional program. Across many of the Kingdom’s unconventional plays, Halliburton delivers a comprehensive suite of drilling and completion solutions. Its integrated service model is designed to support high-intensity development programs and improve operational efficiency, workflow predictability, and execution reliability. This collaboration supports broader regional efforts toward integrated unconventional development programs.
“This award highlights our long-standing collaboration with Aramco and builds on more than 80 years in the Kingdom, while advancing unconventional gas development in the Kingdom,” said Rami Yassine, president, Eastern Hemisphere, Halliburton. “Beginning in the third quarter of 2026, Halliburton will deploy the Kingdom’s first fully integrated intelligent fracturing platform through OCTIV® Auto Frac and Sensori™ fracturing monitoring services to contribute to asset value for one of the world’s largest unconventional fields."
Under the program, Halliburton will deploy intelligent automation solutions for fracturing to optimize performance in real time and support disciplined implementation across multi-well campaigns. These technologies support digital integration across operations while advancing efficiency and operational reliability.
Development activities in the Jafurah Basin are underway. To support this effort, Halliburton plans to increase its investment in local manufacturing, improve its supply chain, and expand workforce development programs within the Kingdom, aiming to scale operations and sustain high performance as unconventional activity accelerates.
ABOUT HALLIBURTON
Halliburton is one of the world’s leading providers of products and services to the energy industry. Founded in 1919, we create innovative technologies, products, and services that help our customers maximize their value throughout the life cycle of an asset and advance a sustainable energy future. Visit us at www.halliburton.com; connect with us on LinkedIn, YouTube, Instagram, and Facebook.
ORLANDO, Fla.--(BUSINESS WIRE)--Travel + Leisure Co. (NYSE: TNL), a leading leisure travel company, today announced the closing of the acquisition of Yes& Vacations and, separately, entering into a definitive agreement to acquire Spinnaker Resorts, for a combined upfront purchase price of $343 million, subject to customary adjustments and contingent performance-based payments of up to $10 million. The Spinnaker Resorts acquisition is expected to close in the third quarter of 2026, subject to customary closing conditions. The transactions are expected to be immediately accretive to Adjusted EBITDA, Adjusted Diluted EPS and Adjusted Free Cash Flow. The Company is funding the acquisitions through cash and existing debt capacity and expects to end the year at a 3.2x leverage ratio, while sustaining share repurchases at similar levels to 2025.
Together, the transactions add more than 100,000 owners and 23 resorts to Travel + Leisure Co.’s vacation ownership network, expanding its presence in two of leisure travel’s most sought-after destinations, Maui and Hilton Head. Yes& Vacations added seven properties in Maui, and a flagship island-inspired resort on the Las Vegas Strip. Spinnaker Resorts will add six properties in Hilton Head, as well as resorts in attractive drive-to leisure destinations including Ormond Beach, Branson, and Williamsburg.
“Acquiring these companies strategically expands our presence in premier leisure destinations, adding quality inventory in markets where new development is challenging,” said Michael D. Brown, President and CEO of Travel + Leisure Co. “Combined, these transactions significantly expand our resort and owner base, creating meaningful opportunities to generate incremental revenue across our vacation ownership ecosystem.”
The upfront cash purchase price of $343 million is expected to be reduced by securitizing approximately $80 million of acquired consumer financing receivables, resulting in net capital deployed of approximately $263 million. On a full year basis, inclusive of identified synergies, these acquisitions are expected to contribute approximately $50 million of Adjusted EBITDA. Additional details regarding the strategic benefits and financial impact of these acquisitions will be discussed during the upcoming earnings call on July 22, 2026.
“These acquisitions reflect our approach to capital allocation – deploying capital where we believe it can generate attractive long-term returns while maintaining balance sheet flexibility and continuing our consistent approach to returning capital to shareholders,” added Erik Hoag, Chief Financial Officer at Travel + Leisure Co. “They are immediately accretive and create meaningful opportunities through owner monetization, receivables optimization and recurring management fee growth.”
“We are proud of what our team has built and deeply grateful to the owners and associates who have been part of this journey,” said Anthony Twist, CEO of Yes& Companies. “Joining Travel + Leisure Co. creates extraordinary opportunities for our people, our owners and our resorts. The company is a recognized leader in vacation ownership, shares our commitment to hospitality and has the scale and resources to carry Yes& Vacations into its next chapter.”
PJT Partners served as exclusive financial advisor to Travel + Leisure Co. in connection with the transactions. BofA Securities, Inc. served as exclusive financial advisor to Yes& Companies and J.P. Morgan served as exclusive financial advisor to Spinnaker Resorts.
To learn more about Travel + Leisure Co., please visit travelandleisureco.com.
Forward Looking Statements
This press release includes “forward-looking statements” as that term is defined by the Securities and Exchange Commission (“SEC”). Forward-looking statements are any statements other than statements of historical fact, including statements regarding our expectations, beliefs, hopes, intentions or strategies about the effects of the strategic transactions and closing of the Spinnaker Resorts transaction discussed in this press release and the future. In some cases, forward-looking statements can be identified by the use of words such as “will,” “intends,” or “expects,” or other words of similar meaning. Forward-looking statements are subject to risks and uncertainties that could cause actual results of Travel + Leisure Co. and its subsidiaries (“Travel + Leisure Co.” or “we”) to differ materially from those discussed in, or implied by, the forward-looking statements. Factors that might cause such a difference include, but are not limited to, risks associated with: the future prospects and plans for Travel + Leisure Co., including our ability to compete in the highly competitive timeshare and leisure travel industries; the health of the travel industry and declines or disruptions caused by adverse economic conditions (including inflation, recent tariff and other trade restrictions, higher interest rates, recessionary pressures, and any potential adverse economic impacts resulting from the U.S. federal government shutdown), travel restrictions, terrorism or acts of gun violence, political strife, war (including hostilities in Ukraine and the Middle East), pandemics, and severe weather events and other natural disasters; adverse changes in consumer travel and vacation patterns, consumer preferences and demand for our products; increased or unanticipated operating costs and other inherent business risks; our ability to comply with financial and restrictive covenants under our indebtedness; our ability to access capital and insurance markets on reasonable terms, at a reasonable cost or at all; maintaining the integrity of internal or customer data and protecting our systems from cyber-attacks; and those other factors disclosed as risks under “Risk Factors” in documents we have filed with the SEC, including in Part I, Item 1A of our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the SEC on February 18, 2026. We caution readers that any such statements are based on currently available operational, financial and competitive information, and they should not place undue reliance on these forward-looking statements, which reflect management’s opinion only as of the date on which they were made. Except as required by law, we undertake no obligation to review or update these forward-looking statements to reflect events or circumstances as they occur.
Certain Financial Measures
The Company calculates its leverage ratio as its net debt (total debt outstanding, less non-recourse vacation ownership debt and cash and cash equivalents) divided by Adjusted EBITDA as defined in its credit agreement. Adjusted Diluted Earnings Per Share (EPS), Adjusted Free Cash Flow, EBITDA and Adjusted EBITDA are non-GAAP financial measures. EBITDA is defined by the Company as net income from continuing operations before depreciation and amortization, interest expense (excluding consumer financing interest), early extinguishment of debt, interest income (excluding consumer financing revenues) and income taxes, each of which is presented on the condensed consolidated statements of income. Adjusted EBITDA also excludes stock-based compensation costs, separation and restructuring costs, legacy items, transaction and integration costs associated with mergers, acquisitions, and divestitures, asset impairments/recoveries and inventory write-downs associated with the Company’s resort optimization initiative, gains and losses on sale/disposition of business, and items that meet the conditions of unusual and/or infrequent. Legacy items include the resolution of and adjustments to certain contingent assets and liabilities related to acquisitions of continuing businesses and dispositions, including the separation of Wyndham Hotels & Resorts, Inc. and Avis Budget Group, Inc. (ABG), and the sale of the vacation rentals businesses. Integration costs represent certain non-recurring costs directly incurred to integrate mergers and/or acquisitions into the existing business. We believe that when considered with GAAP measures, Adjusted EBITDA is useful to assist our investors in evaluating our ongoing operating performance for the current reporting period and, where provided, over different reporting periods. We also internally use this measure to assess our operating performance, both absolutely and in comparison to other companies, and in evaluating or making selected compensation decisions. Adjusted EBITDA should not be considered in isolation or as a substitute for net income/(loss) or other income statement data prepared in accordance with GAAP and our presentation of Adjusted EBITDA may not be comparable to similarly-titled measures used by other companies. Adjusted Free Cash Flow is defined by the Company as net cash provided by operating activities from continuing operations less property and equipment additions (capital expenditures) plus the sum of proceeds and principal payments of non-recourse vacation ownership debt, while also adding back cash paid for transaction costs for acquisitions and divestitures, separation adjustments associated with the spin-off of Wyndham Hotels, and certain adjustments related to COVID-19. TNL believes adjusted FCF to be a useful operating performance measure to evaluate the ability of its operations to generate cash for uses other than capital expenditures and, after debt service and other obligations, its ability to grow its business through acquisitions and equity investments, as well as its ability to return cash to shareholders through dividends and share repurchases. A limitation of using Adjusted free cash flow versus the GAAP measure of net cash provided by operating activities as a means for evaluating TNL is that Adjusted free cash flow does not represent the total cash movement for the period as detailed in the consolidated statement of cash flows. Adjusted Diluted EPS is defined by the Company as Adjusted net income divided by the diluted weighted average number of common shares. Adjusted Diluted EPS is useful to assist our investors in evaluating our ongoing operating performance for the current reporting period and, where provided, over different reporting periods.
About Travel + Leisure Co.
Travel + Leisure Co. (NYSE: TNL) is a leading leisure travel company, providing more than six million vacations to travelers around the world every year. The company operates a diverse portfolio of vacation ownership, travel club, and lifestyle travel brands designed to meet the needs of the modern leisure traveler, whether they’re traversing the globe or enjoying destinations closer to home. This includes experiential brands such as Sports Illustrated Resorts, Eddie Bauer Adventure Club, Margaritaville Vacation Club, and Accor Vacation Club, as well as cornerstone brands, Club Wyndham, WorldMark, and RCI. With hospitality and responsible tourism at its heart, the company’s more than 19,000 dedicated associates worldwide help fulfill its mission to put the world on vacation. Learn more at travelandleisureco.com.
About Yes& Companies
Yes& Companies is an operating and investment platform with a long history of founding, acquiring, scaling and monetizing businesses across multiple industries. Rooted in hospitality, the company applies decades of entrepreneurial and operational experience to create, acquire and grow businesses, develop scalable platforms and create long-term enterprise value. Through its vacation ownership platform, Yes& Vacations, the company has developed, owned and managed premier resort communities in some of the world’s most sought-after leisure destinations. Today, Yes& Companies continues to own, operate and invest in businesses through disciplined execution, thoughtful capital allocation and a long-term approach to value creation. Learn more at www.yesandco.com or contact The Ferraro Group – [email protected].
About Spinnaker Resorts
Spinnaker operates 11 resorts, each offering a different experience and the local flavor of the unique locations. From the low-key coastal paradise of Hilton Head Island, South Carolina, to the sunny shores of Ormond Beach, Florida to the neon/natural draw of the Ozarks in Branson, Missouri and the historical playground of Williamsburg, Virginia – Spinnaker has developed resorts you’ll love to return to year after year. Our daily goal is to make sure you have the best possible vacation experience. Learn more at spinnakerresorts.com.
HARVEY, Ill.--(BUSINESS WIRE)--Atkore Inc. (the “Company”) (NYSE: ATKR), a leading manufacturer of electrical products for commercial, industrial, data center, and solar applications, today announced that the Company will release its Third Quarter Fiscal Year 2026 results before the market opens on Tuesday, August 4, 2026. The Company will hold a conference call to discuss the results at 8:00 a.m. (ET) that same day.
Conference Call Information
Dial In:
888-330-2446 (US & Canada)
+1-240-789-2732 (International)
Conf ID:
5592214
Interested investors and other parties can listen to a webcast of the live conference call by logging onto the Investor Relations section of the Company's website at https://investors.atkore.com/investors/events-and-presentations/default.aspx. The online replay will be available on the same website following the call.
A telephonic replay will be available approximately three hours after the call. The replay will be available until 11:59 p.m. (ET) on Tuesday, August 18, 2026.
Replay Information
Dial In:
+1(800) 770-2030 (US & Canada)
+1(609) 800-9909 (International)
Conf ID:
5592214
To learn more about Atkore Inc. please visit the company's website at https://investors.atkore.com/overview/default.aspx.
About Atkore Inc.
Atkore is a leading manufacturer of electrical products for commercial, industrial, data center, and solar applications. With 5,400 employees and $2.9B in sales in fiscal year 2025, we deliver sustainable solutions to meet the growing demands of electrification and digital transformation. To learn more, please visit www.atkore.com.
Dissemination of Company Information
Atkore intends to make future announcements regarding company developments and financial performance through its website, www.atkore.com, as well as through press releases, filings with the Securities and Exchange Commission, conference calls, media broadcasts, and webcasts.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of International Bloom Energy Corporation (“Bloom” or “the Company”) (NYSE: BE) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Bloom is the subject of a research report published by Hunterbrook on July 8, 2026. The report claims that the Company “is, in fact, reliant on C5 Chinese scandium, according to global trade data, Chinese corporate filings, satellite imagery, and Hunterbrook's messages with Bloom's suppliers in China." The Company has claimed it is “not dependent on China for scandium.”
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
HARTFORD, Conn.--(BUSINESS WIRE)--The Hartford’s Board of Directors declared a dividend of $0.60 per share of common stock, payable Oct. 2 to common stock shareholders of record at the close of business on Sept. 1.
The board also declared a dividend of $375 on each of the shares of the Series G preferred stock (equivalent to $0.375 per depository share), payable Nov. 16 to Series G preferred stock shareholders of record at the close of business on Nov. 2.
About The Hartford
The Hartford is a leader in property and casualty insurance and employee benefits. With more than 200 years of expertise, The Hartford is widely recognized for its service excellence, sustainability practices, trust and integrity. More information on the company and its financial performance is available at https://www.thehartford.com.
The Hartford Insurance Group, Inc., (NYSE: HIG) operates through its subsidiaries under the brand name, The Hartford, and is headquartered in Hartford, Connecticut. For additional details, please read The Hartford’s legal notice.
HIG-F
Some of the statements in this release may be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. We caution investors that these forward-looking statements are not guarantees of future performance, and actual results may differ materially. Investors should consider the important risks and uncertainties that may cause actual results to differ. These important risks and uncertainties include those discussed in our 2025 Annual Report on Form 10-K, subsequent Quarterly Reports on Forms 10-Q, and the other filings we make with the Securities and Exchange Commission. We assume no obligation to update this release, which speaks as of the date issued.
From time to time, The Hartford may use its website and/or social media channels to disseminate material company information. Financial and other important information regarding The Hartford is routinely accessible through and posted on our website at https://ir.thehartford.com. In addition, you may automatically receive email alerts and other information about The Hartford when you enroll your email address by visiting the “Email Alerts” section at https://ir.thehartford.com.
HARTFORD, Conn.--(BUSINESS WIRE)--The Hartford announced the appointment of Randy Larsen to the company's Board of Directors, effective Sept. 1. He will serve on the board's Finance, Investment and Risk Management Committee, as well as the Nominating and Corporate Governance Committee. “Randy is a highly respected insurance-industry leader with deep expertise in transforming and scaling complex organizations and driving profitable growth,” said The Hartford's Chairman and CEO Christopher Swift.
PEORIA, Ill.--(BUSINESS WIRE)--RLI Corp. (NYSE: RLI) announced today that James H. Bradshaw has been appointed to its Board of Directors. His appointment is effective July 15, 2026, and expires at RLI’s next shareholders’ meeting in May 2027, at which time he will stand for re-election.
“His extensive industry experience, strategic perspective and deep understanding of RLI’s business model will bring valuable insight to our Board and help guide RLI’s profitable growth and continued long-term success.”
Share Bradshaw is Chairman of Gallagher Re North America, a role he assumed in 2024 after more than a decade serving as Chief Executive Officer at Gallagher Re North America and its predecessor, Willis Re North America. Prior to joining Willis Re North America, Bradshaw held leadership and underwriting positions with Guy Carpenter and Chubb. He has more than 40 years of experience in insurance industry leadership, strategy and market development.
“We are pleased to welcome Jim to our Board of Directors,” said RLI Corp. Board Chairman Dave Duclos. “His extensive industry experience, strategic perspective and deep understanding of RLI’s business model will bring valuable insight to our Board and help guide RLI’s profitable growth and continued long-term success.”
ABOUT RLI
RLI Corp. (NYSE: RLI) is a specialty insurer serving niche property, casualty and surety markets. The company provides deep underwriting expertise and superior service to commercial and personal lines customers nationwide. RLI’s products are offered through its insurance subsidiaries RLI Insurance Company, Mt. Hawley Insurance Company and Contractors Bonding and Insurance Company. All of RLI’s subsidiaries are rated A++ “Superior” by AM Best Company. To learn more about RLI, visit www.rlicorp.com.
Activewear company Lululemon has invested in the $30 million Series A round raised by Syntetica, a French startup that developed a novel approach to recycling nylon, whose properties make it both too good to give up but hard to reuse.
Syntetica promises to recycle two types of nylon — Nylon 6 and Nylon 6,6 — that can’t easily be sorted out from each other in the textile waste collected from consumers, its CEO Marco Bertone told TechCrunch.
With tons of clothing ending up in landfills each year, one key reason for the fashion industry to invest in more circularity is customer perception, especially for premium apparel brands. Startups like Syntetica also benefit from regulatory tailwinds, and from recent price volatility that unusually affected nylon.
In the last six months, geopolitical turmoil in the oil industry has led to quarterly or weekly nylon price renegotiations, Bertone said. “It’s been a wake-up call to many brands that have been relying on petrol-sourced nylon and petrol-sourced synthetics for pricing and convenience, and which today have seen massive shocks to their system.”
According to Bertone, this is a good fit for Syntetica’s pragmatic approach. “We have built the company with the clarity that there’s no green premium. That if you want to scale real solutions for a sustainable world, it needs to be cost competitive, highly scalable, and you need to build partnerships from the very start.”
The startup’s partners include brands like Lululemon, but also Victoria’s Secret and Etam, with a recycling project that could go to market early next year. Syntetica’s Series A was also backed by a large apparel manufacturer, MAS Holdings — “a recognition of how significant the problem has become,” Bertone said.
It is indeed quite unusual for a supply chain actor to invest in a player that hasn’t scaled yet. But before its Series A, Syntetica had already closed a partnership with Michelin’s Centre for Sustainable Materials to establish a commercial demonstration facility in the industrial company’s French hometown, Clermont-Ferrand.
Unlike other startups in its field, Syntetica won’t produce textile itself, let alone a novel material. The product of its recycling process will be pellets, which can then be used by others to make yarn for the likes of MAS. “It’s a story of pragmatic industrial partnerships with the right players to get buy-in from the whole value chain,” Bertone said.
With a background in fashion and second-hand e-commerce, Bertone is the business guy at Syntetica. But through Entrepreneur First’s matchmaking-style accelerator hosted at Paris campus Station F, he teamed up with chemistry researcher Louis Monsigny. The duo then cemented their collaboration in Reims, where they made use of AgroParisTech’s lab.
Since then, they have also hired a CTO, Ash Ward, who previously worked for failed battery company Northvolt, whose cofounder Peter Carlsson is also one of Syntetica’s advisors. For Bertone, their scars and first-hand experience with the ups and downs of scaling give them experience on when and where to take risks.
“As a startup, we have to be comfortable taking more risks than industrials; otherwise, there would be no innovation. But there’s also a line— when you parallelize too many risks, then it can become complex,” he said. That’s also why Syntetica isn’t diversifying just yet.
Although it could eventually recycle other materials or serve other industries, its focus is on using its funding to demonstrate its ability to produce hundreds of tons of pellets per year and deliver them to clients in the clothing supply chain. After that, Bertone said, “Syntetica will be building facilities around the world, close to waste sources and close to textile production.”
While it has global ambitions, the startup benefits from being based in France. Its Series A was led by the Ecotechnologies 2 fund managed by the Green Venture team at Bpifrance, France’s public investment bank as part of the France 2030 plan. It has also received support from the European Innovation Council (EIC) with equity, grants and via its acceleration program.
For these public backers, startups like Syntetica are part of a broader plan to strengthen Europe’s industrial capabilities while reducing reliance on fossil fuels. But the startup also hopes to generate returns, and is also backed by private investors including EQT Ventures, SWEN Capital Partners and family offices.
Syntetica has competitors, too — some using an enzymatic approach to “eat” plastics, but also chemical giant BASF, which developed recycled nylon. Still, after attending industry events, Bertone hopes they will all grow. “If everyone were to scale to tens of factories, we still wouldn’t solve this problem,” he said. “Everyone needs to succeed for us to succeed as a society.”
Lululemon has also invested in other textiles recycling startups such as Epoch Biodesign and Samsara Eco.
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Anna Heim is a writer and editorial consultant.
You can contact or verify outreach from Anna by emailing annatechcrunch [at] gmail.com.
As a freelance reporter at TechCrunch since 2021, she has covered a large range of startup-related topics including AI, fintech & insurtech, SaaS & pricing, and global venture capital trends.
As of May 2025, her reporting for TechCrunch focuses on Europe’s most interesting startup stories.
Anna has moderated panels and conducted onstage interviews at industry events of all sizes, including major tech conferences such as TechCrunch Disrupt, 4YFN, South Summit, TNW Conference, VivaTech, and many more.
A former LATAM & Media Editor at The Next Web, startup founder and Sciences Po Paris alum, she’s fluent in multiple languages, including French, English, Spanish and Brazilian Portuguese.
300+ nonprofit partners, customers and communities united to provide 49 million meals to children and families facing hunger
BOISE, Idaho--(BUSINESS WIRE)--Albertsons® Companies, Inc. (NYSE: ACI) and Albertsons Companies Foundation (“The Foundation”) today announced the results of the inaugural “Nourish the American Dream,” a first-of-its-kind nationwide campaign to help end childhood hunger across the United States. Together with more than 300 nonprofit partners, customers and communities, the campaign generated more than $12.2 million in support for childhood hunger relief nationwide, surpassing its original $5 million fundraising goal.
“Every child deserves the opportunity to grow, learn and pursue their dreams, and reliable access to nourishing food is foundational to that opportunity,” said Christy Duncan Anderson, President and Executive Director of the Albertsons Companies Foundation. “The success of Nourish the American Dream reflects the deep commitment of Albertsons Companies, our Foundation and our partners to creating meaningful change for children and families facing hunger. Surpassing our goal is an important milestone, but our work does not stop here. We are committed to building on this momentum through continued collaboration and our year-round Nourishing Neighbors initiative to help ensure children have the nourishment they need to thrive.”
Campaign Impact at a Glance:
$12.2 million+ mobilized to support childhood hunger relief across the country, including $2.5 million matched by Albertsons Companies Foundation 49 million meals supported through campaign contributions 300+ nonprofit partners united nationwide 17,000+ donors contributed to participating nonprofit organizations “The Nourish the American Dream campaign is a powerful example of what's possible when food banks across the country unite around a shared goal,” said Rebecca Snyder, Director of Corporate Partnerships at Feeding Westchester. “By bringing together hundreds of organizations nationwide, we've built a movement focused on nourishing every child's potential. Here in Westchester County, where 41% of households are at risk of hunger, that kind of nationwide momentum translates directly into meals on tables for kids who need them most. This campaign proves that real progress is possible when communities, donors and partners show up together."
“One of the most rewarding moments is seeing how a single campaign becomes something much bigger than a donation,” said Carol Marie Howell, Executive Director at Reaching Out to Community and Kids. “Every dollar given was doubled, allowing local families to receive twice the support during a time when food insecurity remains a daily challenge. Watching neighbors, businesses, hospitals, foundations and individuals come together reminds me that the strongest communities are built when people invest in one another. This campaign didn’t just provide food, it strengthened hope, dignity and the belief that no one in our community has to face hardship alone.”
"The Food Bank of Lower Fairfield County is extremely grateful for the opportunity to participate in this campaign,” said Duncan Lawson, Executive Director at The Food Bank of Lower Fairfield County. “We noticed that 30% of the donors that contributed to this campaign were new donors. These new partnerships don't just help us meet the immediate demand today; they strengthen our foundation so we can continue fighting food insecurity in the months and years to come."
“Nourish the American Dream” will continue to grow as a signature initiative of the Albertsons Companies Foundation, complementing the Foundation's year-round Nourishing Neighbors program.
For more information on “Nourish the American Dream,” click here.
Download campaign images, assets and video here.
About Albertsons® Companies, Inc.
Albertsons Companies is a leading food and drug retailer in the United States. As of Feb. 28, 2026, the Company operated 2,244 retail stores with 1,713 in-store pharmacies, 405 associated fuel centers, 22 dedicated distribution centers and 19 manufacturing facilities. The Company operates stores across 35 states and the District of Columbia under 22 well known banners including Albertsons, Safeway, Vons, Jewel-Osco, Shaw's, ACME, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market, Haggen, Carrs, Kings Food Markets and Balducci's Food Lovers Market. The Company is committed to helping people across the country live better lives by making a meaningful difference, neighborhood by neighborhood. In 2025, along with the Albertsons Companies Foundation, the Company contributed $497 million in food and financial support, including $56 million through its Nourishing Neighbors Program, to ensure those living in its communities and those impacted by disasters have enough to eat. Albertsons, Safeway, Vons, Jewel-Osco, Tom Thumb, Randalls, United Supermarkets, Pavilions, Haggen and Balducci's Food Lovers Market are registered trademarks of Albertsons Companies Inc. or its subsidiaries. ACME, Carrs, Kings Food Markets, Shaw's and Star Market are trademarks of Albertsons Companies Inc. or its subsidiaries. Albertsons associated logos, product names and services are trademarks of Albertsons Companies, Inc. All other trademarks are the property of their respective owners.
New F5 Insight workflows help enterprises update BIG-IP fleets faster, more safely, and with greater accountability as AI accelerates vulnerability response timelines
SEATTLE--(BUSINESS WIRE)--F5 (NASDAQ: FFIV), the global leader in delivering and securing every app and API, today announced new fleet management capabilities for F5 Insight for ADSP that help enterprises reduce risk exposure across F5 BIG-IP environments as frontier AI compresses vulnerability response timelines. The new F5 Insight workflows give security and operations teams fleet-wide visibility, guided update management, enterprise authentication, role-based access controls, and a tamper-evident AI audit trail. This enables customers to move from identifying risk to taking accountable action across large, distributed application delivery and security fleets.
The new capabilities build on F5’s move to monthly hardened software releases and reflect a broader shift in how F5 helps customers respond to AI-accelerated threats. As vulnerability response timelines shrink, enterprises need more than faster fixes. They need the operational control to understand what is exposed, prioritize updates, execute changes safely, and maintain a clear record of action across complex environments.
“Frontier AI has fundamentally altered both sides of cybersecurity,” said Kunal Anand, Chief Product Officer at F5. “It gives defenders powerful new ways to harden software, and it gives attackers faster ways to find and exploit vulnerabilities. F5 is meeting that shift end-to-end. We are changing how we build, harden, and deliver software, and we are giving customers the operational control to move at the same speed. F5 Insight helps teams see what needs attention, update critical infrastructure safely at scale, and prove what changed, when, and by whom. That is what resilience looks like in the frontier AI era.”
Fleet management: From shipped fix to reduced risk
F5 Insight for ADSP v1.2 introduces fleet management workflows for BIG-IP devices, streamlining and simplifying the software update and patching process. Operations teams can see the software version, update readiness, and security posture of every device in their estate, then stage and execute updates across standalone deployments, HA pairs, and fleet segments with guided workflows designed to minimize downtime risk. Key capabilities include:
Fleet-wide software lifecycle visibility: A single view of which devices are current, which are exposed, and which require action across the entire estate.Guided update workflows: Standardized processes to stage, validate, and execute TMOS updates.Pre-execution readiness checks: Validation aligned to fleet and HA architectures so teams can move fast without destabilizing production.Update status tracking: Fleet-wide visibility into update progress during maintenance windows, keeping teams and leadership aligned.With this solution, patching is no longer a scheduled maintenance activity. It is a security capability. F5 enables organizations to move from “fix available” to “risk reduced in production” faster, delivering a meaningful defensive advantage.
Governance controls for AI-assisted operations
As AI becomes part of day-to-day operations, organizations need to document what happens: what the AI accessed, what it recommended, who approved the action, and what the outcome was. F5 Insight now offers governance-grade controls for AI-assisted operations designed to support auditability and defensibility, including:
Enterprise authentication: Integration with existing identity providers through LDAP and SAML SSO eliminates separate credential stores and simplifies adoption across teams.Role-based access controls: Least-privilege access ensures the right people see the right data and can take the right actions without over-provisioning visibility or operational authority.Tamper-evident AI audit trail: Every interaction with the AI assistant is captured in a tamper-evident record with controlled access and 30-day retention.These controls are essential for organizations in regulated industries or under compliance mandates where accountability for every operational action, whether taken by a person or an AI, must be documented.
Operational intelligence that connects visibility to action
F5 Insight continues to deliver unified observability and AI-driven intelligence, now strengthened by fleet management context. Through MCP integration and support for popular large language models, operations teams can query their fleet data in natural language, surface which applications and policies are exposed by a given vulnerability, and receive prioritized action plans built from F5 domain expertise. Pre-configured queries from F5 experts are available alongside the ability to ask custom questions, giving teams operational guidance tailored to their environment.
F5 Insight for ADSP is available as self-managed software, with a SaaS model forthcoming. Fleet management capabilities are available now for BIG-IP environments.
Supporting resources
Blog: Announcing new fleet management capabilities within F5 Insight for ADSPBlog: A faster release cadence: What’s changing at F5, and what you need to doBlog: The operational reality of AI-era security and how we’re helping you meet itWebinar: How F5 Insight for ADSP updates transform BIG-IP operationsProduct trial: F5 Insight for ADSPAbout F5
F5, Inc. (NASDAQ: FFIV) is the global leader that delivers and secures every app. Backed by three decades of expertise, F5 has built the industry’s premier platform—F5 Application Delivery and Security Platform (ADSP)—to deliver and secure every app, every API, anywhere: on-premises, in the cloud, at the edge, and across hybrid, multicloud environments. F5 is committed to innovating and partnering with the world’s largest and most advanced organizations to deliver fast, available, and secure digital experiences. Together, we help each other thrive and bring a better digital world to life.
For more information visit f5.com
Explore F5 Labs threat research at f5.com/labs
Follow to learn more about F5, our partners, and technologies: Blog | LinkedIn | X | YouTube | Instagram | Facebook
F5 and BIG-IP are trademarks, service marks, or tradenames of F5, Inc. or its affiliates in the U.S. and other countries. All other product and company names herein may be trademarks of their respective owners.
University of Windsor’s hybrid steam-electric chiller project recognized for pioneering campus decarbonization in Canada
OTTAWA, Ontario--(BUSINESS WIRE)--The International District Energy Association (IDEA) has named Johnson Controls the recipient of the 2026 Joseph M. Brillhart Innovation Award for its work on the University of Windsor’s hybrid steam-electric chiller project. The project is expected to deliver 82% of the university’s 2030 greenhouse gas reduction target, reduce grid electricity demand by approximately 60% during Ontario’s peak demand periods, and generate significant cost savings by leveraging recovered steam instead of grid electricity.
The winning submission, “Pioneering Campus Decarbonization: Advancing Hybrid Steam-Electric Innovation at the University of Windsor,” highlighted how Johnson Controls helped the University of Windsor become the first higher education institution in Canada to implement a dual-drive hybrid steam-electric turbine chiller. The project transforms the campus’ waste heat into self-generated power, enabling the university to reduce electric grid demand during costly peak periods while advancing its long-term sustainability goals.
“The 2026 Innovation Award competition entries represented a variety of new products, software, and operational ideas, some of which have not been seen before in district energy applications,” said Robert Smith, Vice President at RMF Engineering, Inc. “Johnson Controls and University of Windsor blended two types of machinery to offer unique operational flexibility in solving energy and environmental challenges.”
Prior to the project, the university’s Energy Conversion Centre (ECC) accounted for approximately 40% of campus energy needs and its legacy boiler-steam system was responsible for roughly 88% of total campus emissions. Johnson Controls replaced an aging gas-fired boiler in the ECC with a 1,200-ton YORK® YST Steam Turbine Centrifugal Chiller paired with a 24,000-lbs/hour Heat Recovery Steam Generator (HRSG), allowing the plant to capture exhaust steam and redirect it as a thermal energy source during peak demand events.
The University of Windsor is classified as a Class A electricity customer in Ontario, meaning its Global Adjustment (GA) electricity costs are tied directly to its share of the province’s top five peak demand hours each year. By operating the hybrid chiller on recovered steam during those hours (accounting for an estimated 140 hours annually), the university can reduce its grid electrical demand by approximately 60% during peak events. Each megawatt of demand avoided translates to as much as $300,000–$400,000 per year in avoided GA costs. The project is also projected to deliver 82% of the university’s 2030 greenhouse gas emissions reduction target and received $200,000 in incentives through the Enbridge Gas Energy Efficiency Program.
“On behalf of everyone at Johnson Controls, we're honored to receive this recognition from IDEA. This project was made possible through a true partnership with the University of Windsor and what we accomplished together goes well beyond optimizing campus efficiency,” said James Rosner, Principal Advisor – Higher Education (North America), Johnson Controls. “We fundamentally changed the way the university uses energy, turning a legacy system into one that advances both its decarbonization goals and its long-term financial resilience. We're grateful to IDEA and proud of what this team built."
“The University of Windsor project is exactly the kind of work the Innovation Award was created to recognize,” said Rob Thornton, President and CEO of IDEA. “Johnson Controls found a way to leverage and modernize an existing campus district energy system into a more strategic asset. The result is a campus that is cleaner, more resilient, and better positioned financially. This is a model other institutions across North America should be watching closely.”
The installation itself required significant ingenuity. The ECC’s utility tunnel imposed tight load constraints, requiring the 1,200-ton chiller to be assembled piece-by-piece on-site and moved into place. The drives were arranged in-line rather than in parallel to fit within the existing footprint. The plant’s location directly adjacent to the Ambassador Bridge, one of the busiest border crossings between the United States and Canada, required coordination with the Canada Border Services Agency for crane operations.
IDEA also recognized Corix with an Honorable Mention for its Burnaby Mountain District Energy Utility (BMDEU) submission, which demonstrated how a biomass-powered district energy system serving Simon Fraser University and the adjacent UniverCity community has achieved an 85% reduction in campus GHG emissions and is operating at industry-leading efficiency levels.
“Through a single project, we reduced emissions across SFU’s campus and the surrounding community by over 80% annually, and through ongoing optimizations, we’re now consistently exceeding 90%. This recognition speaks to the power of collaboration and technical excellence in advancing decarbonization,” said Paul Holt, Vice President, Engineering & Operations, Corix.
The award was presented at IDEA2026, the organization’s annual conference and trade show, held June 23–26 in Ottawa, Ontario, Canada. Now in its 14th year, the Innovation Award recognizes IDEA members who demonstrate emerging best practices, applied technology, and the value of industry collaboration. The award is named in honor of Joseph M. Brillhart, a former IDEA Board Chair and long-time Johnson Controls employee, who passed away in 2023.
You can view this year’s awards ceremony here.
About Johnson Controls
Johnson Controls, a global leader in thermal management, mission-critical building systems, energy efficiency, and decarbonization, helps customers use energy more productively, reduce carbon emissions, and operate with the precision and resilience required in rapidly expanding industries such as data centers, healthcare, pharmaceuticals, advanced manufacturing, and higher education.
For more than 140 years, Johnson Controls has delivered performance where it really matters. Backed by advanced technology, lifecycle services and an industry-leading field organization, we elevate customer performance, turn goals into real-world results and help move society forward.
Visit johnsoncontrols.com for more information and follow @Johnsoncontrols on social platforms.
About IDEA
The International District Energy Association (IDEA) is a 501(c)(6) nonprofit industry association founded in 1909 and based in Massachusetts, USA. Representing nearly 3,000 members across more than 30 countries, IDEA champions district heating, district cooling, thermal networks, and combined heat and power (CHP) as reliable, efficient, and sustainable solutions. Its mission is to foster the success of its members as global leaders in advancing energy efficiency, reducing carbon emissions, and building resilient, sustainable communities.
More News From International District Energy Association
Key asset renewal and project leadership roles to strengthen reliability of the U.K.’s strategic road network
DALLAS--(BUSINESS WIRE)--Jacobs (NYSE: J) is expanding its significant role in modernizing the U.K.'s infrastructure, securing three new commissions with National Highways. The awards reinforce Jacobs' position as a key provider across the strategic road network, supporting safety, reliability and long-term resilience for millions of road users.
Key asset renewal and project leadership roles to strengthen reliability of the U.K.’s strategic road network.
Share Jacobs has secured two commissions under the National Highways Technical Assurance and Asset Management Framework, delivering asset renewal and resilience projects that protect the performance of vital transport links. Jacobs will deliver the M32 Eastville Viaduct Stages 3–5 Detailed Design and the M5 Wynhol Viaduct Stages 1–2 Preliminary Design.
The Eastville Viaduct carries the M32 motorway into Bristol and serves as a key commuter and freight corridor connecting the city to the M4 and M5. Through detailed structural design and renewal planning, Jacobs will help extend the life of this critical asset, reducing the risk of disruptive, unplanned closures. For road users, this means improved safety and reduced congestion linked to reactive maintenance works.
On the M5, Jacobs’ preliminary design work at Wynhol Viaduct will assess structural needs and develop sustainable intervention options to safeguard the long-term resilience of one of the U.K.’s most important north–south freight routes.
In addition, Jacobs has been awarded a role on the Construction and Professional Management Services Lot 2 (Project Management Services Framework), leading a multi-disciplinary team delivering a minimum of 15 schemes. Over the five-year term — comprising an initial three-year period with two one-year extension options — Jacobs will help National Highways deliver projects that are strategically scoped with measurable benefits for road users and communities.
Jacobs Executive Vice President Richard Sanderson said: "These three strategic awards build on Jacobs' strong track record with National Highways. Together, we are focused on delivering resilient, future-ready infrastructure that keeps people and goods moving safely and reliably across the U.K."
These awards expand Jacobs' role across National Highways' major projects portfolio. The company also supports landmark programs such as the Lower Thames Crossing, designed to strengthen connectivity and long-term economic opportunity across southeast England.
To learn more about Jacobs' contributions to transportation infrastructure development, visit https://www.jacobs.com/industries/transportation
Jacobs employs more than 6,000 people across the U.K., operating from 15 core offices and over 35 additional sites. Working with U.K. government, local authorities and the private sector, Jacobs helps shape and deliver the nation’s most critical infrastructure, energy, environmental and community programs — creating social value by improving resilience, driving economic growth and enhancing quality of life.
At Jacobs, we're challenging today to reinvent tomorrow – delivering outcomes and solutions for the world’s most complex challenges. With approximately $12 billion in annual revenue and a team of approximately 47,000, we provide end-to-end services in advanced manufacturing, cities & places, energy, environmental, life sciences, transportation and water. From advisory and consulting, feasibility, planning, design, program and lifecycle management, we’re creating a more connected and sustainable world. See how at jacobs.com and connect with us on LinkedIn, Instagram, X and Facebook.
Certain statements contained in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that do not directly relate to any historical or current fact. When used herein, words such as "expects," "anticipates," "believes," "seeks," "estimates," "plans," "intends," "future," "will," "would," "could," "can," "may," and similar words are intended to identify forward-looking statements. We base these forward-looking statements on management's current estimates and expectations, as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from our forward-looking statements including, but not limited to, uncertainties as to, the timing of the award of projects and funding and potential changes to the amounts provided for under the Infrastructure Investment and Jobs Act and other legislation and executive orders related to governmental spending, including any directive to federal agencies to reduce federal spending or the size of the federal workforce, and changes in U.S. or foreign tax laws, including the tax legislation enacted in the U.S. in July 2025, statutes, rules, regulations or ordinances, including the impact of, and changes to tariffs and retaliatory tariffs or trade policies, that may adversely impact our future financial positions or results of operations, as well as general economic conditions, including inflation and the actions taken by monetary authorities in response to inflation, changes in interest rates and foreign currency exchange rates, changes in capital markets, the possibility of a recession or economic downturn, and increased uncertainty and risks, including policy risks and potential civil unrest, relating to the outcome of elections across our key markets and elevated geopolitical tension and conflicts, among others. For a description of these and additional factors that may occur that could cause actual results to differ from our forward-looking statements, see our filings with the U.S. Securities and Exchange Commission. The company is not under any duty to update any of the forward-looking statements after the date of this press release to conform to actual results, except as required by applicable law.
Shares of Apple (AAPL +3.95%) jumped to a record high on Wednesday, following some positive developments for the tech titan.
Image source: The Motley Fool.
More AI models could be coming to the iPhone On Tuesday, CNBC reported that Apple was evaluating innovative technology that could shrink large artificial intelligence (AI) models to run directly on an iPhone.
PrismML, a tiny Silicon Valley start-up, licenses the technology from the California Institute of Technology. PrismML CEO Babak Hassibi said Apple is testing the tech's performance on its devices.
If those tests prove successful, Apple could bring the power of advanced AI models to iPhone users. It could also help Apple reduce its cloud computing costs if AI applications can run directly on its devices.
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And on Wednesday, news broke that the Cyberspace Administration of China would allow Apple to provide AI services in the populous country.
Chinese e-commerce and cloud giant Alibaba will integrate its Qwen AI model into Apple Intelligence. Baidu, China's internet search leader, will also work with Apple to develop AI features for its devices.
Apple's AI strategy is emerging Apple has largely stayed out of the AI model race, much to the benefit of its shareholders.
Rather than spending tens and even hundreds of billions of dollars to compete with model makers like OpenAI and Anthropic or hyperscalers like Google and Meta Platforms, Apple has sought to partner with AI leaders to bring their innovations to its users.
It's a smart, cost-effective strategy. And these recent developments are beginning to show that Apple can still benefit from AI without incurring massive costs.
Joe Tenebruso has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Apple, Baidu, and Meta Platforms. The Motley Fool recommends Alibaba Group. The Motley Fool has a disclosure policy.
Microsoft’s cybersecurity business is developing more artificial intelligence (AI) security products, cutting back on some of its more traditional security products, and consolidating engineering teams, which has led to several hundred layoffs, The Information reported Wednesday (July 15), citing unnamed sources.
The company is making these changes to better respond to customer demand for solutions to the threat of AI-powered hacks, and to capture some of the spending that is going to AI firms Anthropic and OpenAI, according to the report.
Reached by PYMNTS, Microsoft declined to comment on the report.
According to The Information’s report, the overhaul is being led by Hayete Gallot, who took over the security business in February. Gallot is prioritizing AI-powered tools such as Microsoft Security Copilot, products that scan code for vulnerabilities and products that help companies monitor their own AI agents.
“The entire industry is getting reimagined from the ground up,” Gallot wrote in an internal Microsoft memo, per the report. “And it will reward the companies that see the shift early, make the hard choices, and execute with discipline. A few months ago, we made those choices. Now we must execute.”
Microsoft Chairman and CEO Satya Nadella wrote in a Feb. 4 blog post that Gallot rejoined Microsoft as executive vice president, security, and would report to him. Gallot had held senior leadership roles at the company for 15 years before moving to Google, where she served as president, customer experience for Google Cloud.
“She brings an ethos that combines product building with value realization for customers, which is critical right now,” Nadella said in the post. “As we shared during our quarterly earnings last week, we have great momentum in security, including progress with Security Copilot agents, strong Purview adoption, and continued customer growth, and we will build on this.”
It was reported Wednesday that Microsoft is intensifying its competitive strategy against OpenAI and Anthropic by positioning its services as a more secure and cost-effective end-to-end alternative for corporate clients.
The PYMNTS Intelligence report “Where Payments Decisions Happen: How Issuer Data Is Powering the Next Era of Commerce” found that 42% of issuers said AI has helped them save more than $5 million from fraud attempts in recent years.
NVIDIA introduces Cosmos 3 Edge for on-device vision reasoning and robot policy deployment on NVIDIA Jetson Thor platforms, and NVIDIA Metropolis libraries built on NVIDIA Cosmos for agentic vision AI development.Japan’s physical AI ecosystem leaders AIRoA, FANUC, Fujitsu, Hitachi, Kawasaki Heavy Industries, Kubota, NEC, SoftBank Corp., Sony Group Corporation and Yaskawa Electric intend to join the NVIDIA Cosmos Coalition to help build open frontier physical AI models.Fujitsu is exploring the development of a collaborative control platform for physical AI, with FANUC, Yaskawa Electric and Kawasaki Heavy Industries integrating NVIDIA technologies, while Japanese manufacturers and physical AI leaders including Enactic, Honda R&D, GROOVE X, Mitsui & Co, OMRON, Shimizu Corporation and Telexistence are building on NVIDIA’s physical AI stack.
TOKYO, July 15, 2026 (GLOBE NEWSWIRE) -- NVIDIA today announced that Japan’s physical AI leaders are building on the NVIDIA Cosmos™, NVIDIA Isaac™, NVIDIA Metropolis and NVIDIA Jetson™ platforms to accelerate the deployment of intelligent machines across manufacturing, mobility, infrastructure and robotics.
NVIDIA also announced Cosmos 3 Edge, a new addition to the NVIDIA Cosmos 3 open world model family, that brings frontier capabilities to NVIDIA Jetson, helping embodied systems see, reason in real time and predict robot actions locally.
Physical AI is bringing intelligence into machines, facilities and infrastructure, helping industries automate complex work and extend human expertise. Japan’s strengths in robotics, manufacturing, automotive, telecommunications and industrial technology give it a powerful foundation for scaling this next wave of AI.
“The next frontier of AI is in the physical world, and this is a once-in-a-generation opportunity for Japan,” said Jensen Huang, founder and CEO of NVIDIA. “Japan invented modern manufacturing. Now, it has the opportunity to reinvent it for the age of intelligent industries. By combining its world-leading heritage in manufacturing, precision engineering and robotics with NVIDIA Cosmos, Isaac, Metropolis and Jetson, Japan’s innovators are building the next generation of intelligent machines. We are honored to partner with them on this journey.”
NVIDIA Cosmos 3 Edge Powers On-Device Vision Reasoning and Robot Policy
NVIDIA Cosmos 3 Edge is a 4-billion-parameter model built on NVIDIA Nemotron™ that helps robots and vision AI agents understand their surroundings, reason in real time and generate robot actions on NVIDIA edge computers.
Using the open NVIDIA Cosmos framework, developers can adapt the model for specific robots, vehicles, sensors and environments in about a day. Lightweight enough to run on edge GPUs and quickly post-train specialized world action models, Cosmos 3 Edge can be deployed across NVIDIA RTX™ GPUs, NVIDIA DGX™ systems and NVIDIA Jetson, including the newly announced T2000 and T3000 modules.
To further accelerate the development of vision AI agents, NVIDIA is also announcing new NVIDIA Metropolis libraries and skills that help developers use coding agents to build, train and operate video intelligence systems with Cosmos at least 6x faster.
Japan’s Physical AI Leaders Intend to Join NVIDIA Cosmos Coalition to Advance Open World Models
NVIDIA is expanding the NVIDIA Cosmos Coalition to Japan, bringing together world model builders, AI developers and physical AI leaders to advance open world models with Cosmos technologies.
Japan’s physical AI ecosystem leaders including AIRoA, classmethod, Enactic, FANUC, Fujitsu, GROOVE X, Hitachi, Honda R&D, Kawasaki Heavy Industries, Kubota, Mitsui & Co., Mitsubishi Corp., Mujin, NEC, Preferred Networks, SoftBank Corp., Sony Group Corporation, Telexistence, TIER IV, TRON K.K., Turing and Yaskawa Electric intend to join the coalition.
Coalition members can contribute to and build on the NVIDIA Cosmos platform, which includes open models, data curation libraries, datasets and frameworks. The resulting world models will help Japanese companies test and optimize physical AI systems before deployment, shortening development cycles across factories, logistics networks, farms, construction sites, hospitals, roads and homes.
NVIDIA Physical AI Powers Momentum Across Japan’s Robotics, Manufacturing and Smart Spaces Ecosystem
Fujitsu is exploring business opportunities in physical AI with FANUC, Yaskawa Electric and Kawasaki Heavy Industries. Led by Fujitsu, the initiative aims to build a collaborative control platform integrating NVIDIA’s physical AI stack to bridge digital and physical operations across all industrial sectors.
Built with Cosmos world foundation models, the open Isaac robotics development platform, NVIDIA Omniverse™ NuRec libraries and the Newton physics engine, the platform will support AI model development, digital twins, robot learning, simulation-to-real workflows and pre-deployment validation.
NEC, Hitachi, OMRON and Preferred Networks are using NVIDIA Cosmos and NVIDIA physical AI technologies to advance world models, industrial AI and physical AI R&D. SoftBank Corp. is developing a physical AI development platform built on NVIDIA Cosmos, NVIDIA Omniverse and NVIDIA Isaac Sim™. The company is also advancing AI-RAN initiatives using NVIDIA AI Aerial with the aim of delivering intelligent connectivity for billions of physical AI devices.
Mujin is exploring NVIDIA Cosmos for autonomous robotics and intelligent industrial automation powered by MujinOS, while TRON K.K. is developing manufacturing data workflows for task-specific physical AI models in assembly, picking, inspection and material handling, as well as factory 3D digitization workflows.
Kawasaki Heavy Industries is applying NVIDIA physical AI technologies across healthcare, shipbuilding, transportation, aerospace and energy; Kubota is exploring Cosmos-based physical AI for autonomous agriculture and smart farming.
Enactic is fine-tuning the NVIDIA Isaac GR00T open model for elder-care semi-humanoid robots; GROOVE X is building Jetson-powered companion robots,
LOVOT; and Telexistence is applying Isaac and exploring Cosmos for retail automation.
Japan’s industry leaders are also using NVIDIA Metropolis to bring Cosmos-powered vision AI agents into physical operations: Hitachi for smart-building operations, OMRON for automated inspection and Shimizu Corporation for construction safety.
About NVIDIA
NVIDIA (NASDAQ: NVDA) is the world leader in AI and accelerated computing.
For further information, contact:
Quentin Nolibois
Corporate Communications
NVIDIA Corporation [email protected]
Certain statements in this press release including, but not limited to, statements as to: by combining its world-leading heritage in manufacturing, precision engineering and robotics with NVIDIA Cosmos, Isaac, Metropolis and Jetson, Japan’s innovators building the next generation of intelligent machines; expectations with respect to growth, performance, availability, and benefits of NVIDIA’s products, services and technologies, and related trends and drivers; expectations with respect to NVIDIA’s third party arrangements, including with its collaborators and partners; expectations with respect to technology developments, and related trends and drivers; projected market growth and trends; expectations with respect to AI and related industries; and other statements that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are subject to the “safe harbor” created by those sections based on management’s beliefs and assumptions and on information currently available to management and are subject to risks and uncertainties that could cause results to be materially different than expectations. Important factors that could cause actual results to differ materially include: global economic and political conditions; NVIDIA’s reliance on third parties to manufacture, assemble, package and test NVIDIA’s products; the impact of technological development and competition; development of new products and technologies or enhancements to NVIDIA’s existing products and technologies; market acceptance of NVIDIA’s products or NVIDIA’s partners’ products; design, manufacturing or software defects; changes in consumer preferences or demands; changes in industry standards and interfaces; unexpected loss of performance of NVIDIA’s products or technologies when integrated into systems; NVIDIA’s ability to realize the potential benefits of business investments or acquisitions; and changes in applicable laws and regulations, as well as other factors detailed from time to time in the most recent reports NVIDIA files with the Securities and Exchange Commission, or SEC, including, but not limited to, its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Copies of reports filed with the SEC are posted on the company’s website and are available from NVIDIA without charge. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, NVIDIA disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.
Many of the products and features described herein remain in various stages and will be offered on a when-and-if-available basis. The statements above are not intended to be, and should not be interpreted as a commitment, promise, or legal obligation, and the development, release, and timing of any features or functionalities described for our products is subject to change and remains at the sole discretion of NVIDIA. NVIDIA will have no liability for failure to deliver or delay in the delivery of any of the products, features or functions set forth herein.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1b939b87-c263-455e-bb69-6d0781da11f4
Japan’s Robotics and Manufacturing Leaders Build on NVIDIA Cosmos to Advance Physical AI Frontier NVIDIA today announced that Japan’s physical AI leaders are building on the NVIDIA Cosmos, NVIDIA Is...
On Wednesday morning, Johnson & Johnson (NYSE:JNJ) published its second-quarter earnings report, but this wasn't greeted warmly. Investors generally sold the stock, and by the end of that trading session, it was down by almost 3%.
This occurred on a broadly positive day for the stock market, with the bellwether S&P 500 index closing in positive territory. What did those selling investors find so unappealing about the pharmaceutical giant's figures, and was that reaction justified? Let's explore.
Image source: The Motley Fool.
Slightly better than expected Perhaps the first source of discontent for Mr. Market is that, while Johnson & Johnson notched a double beat on analyst estimates, neither beat was crushing.
In the quarter, the company's total sales were a shade over $25.3 billion, which bettered the same period of 2025 by almost 7%. Yet they weren't vastly higher than the consensus pundit projection of $25 billion.
As for profitability, the dynamic was similar. Net income not under generally accepted accounting principles (non-GAAP, or adjusted) rose at a nearly 6% clip to $7.08 billion, or $2.90 per share. That was a few cents higher than the average analyst estimate of $2.86.
Johnson & Johnson is essentially two healthcare businesses in one: a massive pharmaceutical company and an important, influential medical device unit.
Of the pair, the former (officially known as "innovative medicine") is the larger; it brought in nearly $16.4 billion during the quarter, for a year-over-year improvement of almost 8%. Devices, or "MedTech," as the company calls this unit, saw a more modest lift of under 5% to slightly more than $8.9 billion.
Breaking down those results further, in the drug sphere, Johnson & Johnson did particularly well, with immunology drug Tremfya's sales growing a very robust 73% to $2 billion. This success is critical for the company as that medicine supplants an older immunology treatment, Stelara. The latter's sales are sliding rapidly, with a 56% decline (to $740 million) in the quarter.
Meanwhile, the company's oncology portfolio -- one of the strongest in the industry -- was looking robust. Its star drug in that lineup, blood cancer treatment Darzalex, posted a nearly 19% lift in sales to over $4.2 billion. Overall, the portfolio's sales rose by 17% to $7.4 billion.
As for medical devices, the overall growth in that business was overshadowed by a slump in one product line, Abiomed. This comprises the Impella small-form heart pumps, whose sales slid by 2% to $440 million. That was in marked contrast to the previous quarter, where Abiomed sales increased by 16%.
That wasn't necessarily a shocking development, as the results of a U.K. study published in late March in the always-influential New England Journal of Medicine indicated that Impellas might not be as suitable or beneficial for some high-risk coronary interventions as believed.
That sudden second-quarter decline in sales of those products suggests doctors might be concerned about the findings. And that Johnson & Johnson might not be doing enough to put them more at ease.
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$
247.02
Boosting where it counts Nevertheless, Johnson & Johnson sounded a quite robust note about its trailing performance and its near future. It quoted CEO Joaquin Duato as saying that the quarter highlighted "the power of our innovation, the depth of our portfolio and the momentum in our pipeline as we advance transformative treatments that address the world's toughest health challenges."
It's clearly more confident it'll play a crucial role in this, as it raised its guidance for all of 2026. Headline sales should come in at $100.8 billion to $101.4 billion; the previous forecast was $100.3 billion to $101.3 billion. Adjusted earnings per share (EPS) are estimated at $11.60 to $11.75 for the year. That supplants the former guidance range of $11.45 to $11.65.
To me, while Johnson & Johnson's second quarter wasn't the disappointment indicated by that Wednesday sell-off, it wasn't a blowout either. I think the company is doing well, but investors might be looking elsewhere since other major pharmaceuticals have delivered more impressive growth.
I'm bullish on this one's future, though, so I think the post-earnings slump makes it something of a bargain buy.
BlackRock delivered robust Q2 results with net inflows of $192B, driving AUM to a record $15.3T and accelerating organic asset growth. ETF business momentum remained strong. New product launches and inclusion in Trump accounts position BlackRock for continued inflow growth. Operating margin expanded to 45.9%, reflecting disciplined expense control and operating leverage, while share buybacks will increase to at least $550M per quarter.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
IBM (IBM 2.70%) shares fell by roughly 25% on the back of some alarming news.
*Stock prices used were the afternoon prices of July 13, 2026. The video was published on July 15, 2026.
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends International Business Machines. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
The global semiconductor boom has hit a critical bottleneck in 2026 – a severe shortage of skilled chip design engineers.
Tech giants are increasingly struggling to source human talent as they race to build custom artificial intelligence (AI) silicon.
This has created a historic opportunity for Electronic Design Automation (EDA) firms as they are uniquely positioned to solve the crisis using autonomous “Agentic AI”.
For investors, two names stand out for playing this untapped opportunity, which Goldman Sachs estimates will be worth $3.7 billion in annual revenue by the end of this decade.
Cadence stock has emerged as a premier darling for investors seeking resilient, ultra-high-margin software growth.
The company enters the back half of 2026 with an outstanding fundamental momentum, supported by a record $8 billion order backlog.
CDNS specializes in the incredibly complex process of mapping billions of microscopic transistors onto minuscule silicon footprints – a task now made exponentially faster by its integrated AI design platforms.
Boasting exceptional gross margins of over 85%, the Nasdaq-listed firm offers investors a pristine balance sheet and zero distraction from integration complications.
By automating repetitive engineering task via autonomous design agents, Cadence Design Systems mitigates the talent deficit for its customers, securing its place as an essential, high-margin anchor for any tech-focused portfolio.
Goldman Sachs recently raised its price target on CDNS shares to $470, indicating potential upside of more than 25% from current levels.
Note that Cadence is currently testing its 20-day and 50-day moving averages (MAs), with a clear break above the $379 level expected to sustain upward momentum in the near-term.
Synopsys stock represents the other half of the dominant EDA duopoly – bringing impressive scale and advanced system simulation to the table.
To secure its long-term dominance, the company has aggressively broadened its footprint, notably through its landmark integration of engineering software leader Ansys.
This combined portfolio gives SNPS an unmatched advantage when simulating how complex multi-chip systems behave under heavy artificial intelligence workloads.
While Synopsys currently trades at a premium valuation of about 41x forward earnings and faces post-merger integration adjustments as well, its long-term outlook remains lucrative, which is why Goldman Sachs has a $600 price target on SNPS, indicating a 40% upside from here.
The investment firm acknowledges “near-term risks” – including evolving global export curbs and potential volatility in custom hardware development.
However, Synopsys Inc’s unparalleled reach makes it an indispensable partner for the hyperscalers building out the world's next-generation data centers, making it an ideal long-term compounder.
From a technical perspective, SNPS currently sits a little under its 20-day moving average (MA), with a decisive break above the $446 level expected to accelerate bullish momentum in the near-term.
Shares of Chinese tech giants Alibaba and Baidu rose Thursday on their partnership with Apple for deploying their AI tools.
Hong-Kong listed shares of Alibaba rose 5% after the company confirmed that its Qwen AI model would be integrated into Apple services in China.
U.S.-listed shares of Alibaba had closed slightly higher overnight after an Alibaba spokesperson told CNBC that "Qwen will be integrated into Apple Intelligence experiences within iOS, iPadOS, macOS, and vision OS for users in China."
Alibaba HK shares
Baidu's Hong Kong-listed shares gained 4% as the company confirmed that it was working with Apple on Apple Intelligence features for iPhones in China.
This comes amid reports in late June that its artificial intelligence chip unit Kunlunxin is targeting an initial public offering in the city, which could value its affiliate at $50 billion.
The Cyberspace Administration of China in a notice on Wednesday included Apple Intelligence, along with six other smartphone-based AI services including Huawei Technologies, in a list of approved service providers.
The Apple-Qwen combination will allow users to access the model's capabilities, "like text and image understanding and generation, without needing to jump between tools," the Alibaba spokesperson added.
Apple did not immediately respond to CNBC's request for comments.
Baidu hk shares
The technological rivalry between China and the U.S. has intensified, as they race for AI dominance. The U.S. has sought to curb China's ability to access high-end chips, while Beijing has tried to wall off U.S. investments into Chinese tech companies.
"AI leadership is becoming central to economic competitiveness, global standard-setting, and the maintenance of democratic governance," according to a report by research organization RAND.
— CNBC's Evelyn Cheng, Joseph Wilkins and Kai Nicol-Schwarz contributed to this report.
Robbins LLP reminds stockholders that a class action was filed on behalf of all investors who purchased or otherwise acquired First Solar, Inc. (NASDAQ: FSLR) securities between February 26, 2025 and February 24, 2026. First Solar is a solar technology company that provides photovoltaic (“PV”) solar energy solutions.
For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003.
What is the class period? February 26, 2025 – February 24, 2026
What are the allegations?
Shareholders allege that First Solar, Inc. misled investors regarding its financial prospects. According to the complaint, during the class period, defendants failed to disclose that they had overstated First Solar’s capacity to manage the impact of U.S. tariff policy on the Company’s business and understated the extent to which its responses to U.S. tariff policy, including the intentional underutilization of production facilities in Malaysia and Vietnam, and attempted relocation of production to the U.S., were likely to negatively impact First Solar’s projected performance in the 2026 fiscal year.
Plaintiff alleges that on February 24, 2026, First Solar issued a press release “announc[ing] financial results for the fourth quarter and year ended December 31, 2025.” Among other items, First Solar announced earnings that missed expectations by a wide margin and issued lower-than-expected FY 2026 revenue guidance, citing customer headwinds such as permitting delays under the Trump administration. Following First Solar’s announcement, Baird Research downgraded its stock to Neutral from Outperform, citing “several question marks in forward outlook”. On this news, First Solar’s stock price fell $33.09 per share, or 13.61%, to close at $210.12 per share on February 25, 2026.
What can shareholders do now? You may be eligible to participate in the class action against First Solar, Inc. Shareholders who wish to serve as lead plaintiff for the class must submit their papers to the court by August 24, 2026. The lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click here.
All representation is on a contingency fee basis. Shareholders pay no fees or expenses.
About Robbins LLP: A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002.
To be notified if a class action against First Solar, Inc. settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today.
Attorney Advertising. Past results do not guarantee a similar outcome.
V zájmu Číny jsou nízké ceny ropy a silná americká ekonomika, bude komoditizovat umělou inteligenci i čipy. Tyto názory zazněly v rozhovoru, který pro RiskReversal poskytl Peter Boockvar z One Point BFG Wealth Partners a Louis-Vincent Gave ze společnosti Gavekal (viz zde). Strategii čínských technologických společností popsali tak, že „místo Ferrari nabízí Toyoty.“ Které za mnohem nižší cenu odvedou potřebnou práci. A je tak otázka, „jak dlouho budou investoři financovat modely odpovídající svou cenou Ferrari.“
Gave k uvedenému dodal, že řada zahraničních startupů používá už nyní čínské modely umělé inteligence, protože jsou v podstatě zadarmo. Mají také jinou architekturu a čínské modely mohou těžit z toho, že jsou otevřené, a to poskytuje větší flexibilitu. OpenAI a Anthropic naopak „budují pevnosti“. Svým klientům nabízí, „aby přišli k nim a tím získají bezpečí.“ Je to podobná strategie, jako mají velké banky typu Goldan Sachs a JPMorgan. „Čína naopak buduje Dubaj, kam můžete volně přijít a dělat, co chcete.“
Tento stav je podle experta paradoxní, protože by se spíše dalo čekat, že Spojené státy budou tíhnout k otevřeným modelům, zatímco Čína k těm uzavřeným. Ta ale „neměla v podstatě volbu a musela se vydat cestou otevřených modelů… Zde nestačilo jen házet na problém peníze.“ To mohly dělat velké technologické společnosti v USA díky tomu, jak ziskové doposud byly a jak nízký náklad kapitálu mají. Extrémně nízký náklad kapitálu pak podle Gavea souvisí s tím, že ve Spojených státech „je bráněno bankrotům“.
V diskusi pak zaznělo, že investiční projekty do AI jsou nyní tak velké, že pro společnosti je v podstatě nutné jít si pro kapitál na akciový trh. Boockvar si přitom myslí, že situace se začíná posouvat do stavu „příliš velké na to, aby padly.“ Ne v tom smyslu, že by vláda v případě neúspěchu nějaké velké technologické společnosti musela poskytnout pomoc tak, aby se nezhroutil celý systém. Ale proto, že „pokud OpenAI nebude úspěšná, všechno se zhroutí.“ Gave dodal, že investice do AI jsou už mimořádně vysoké a čeká se jejich další růst. A je otázka, „odkud to vše bude financováno?“ Boockvar poukázal na to, že bude také nutno investovat do udržování současných kapacit v chodu.
Gave poukázal i na skutečnost, že ziskovost amerických obchodovaných společností nyní rychle roste, ale částí, která roste nejrychleji, jsou ostatní příjmy. Ty pak podle něj souvisí s tím, jak posilují ceny akcií. Jde tedy o nerealizované zisky, které ale musí být vykázány. Boockvar dodal, že pokud se dá tento faktor stranou, a nehledíme na ziskovost v polovodičích, růst zisků obchodovaných firem dosahuje pouze jednociferných čísel. To je velký rozdíl od celkového růstu, ze kterého panuje velké nadšení.
Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of Class A or Class C common stock of Zillow Group, Inc. (NASDAQ: ZG) (NASDAQ: Z) between February 11, 2025 and May 7, 2026, both dates inclusive (the "Class Period"), of the important August 10, 2026 lead plaintiff deadline in the securities class action first filed by the Firm.
So what: If you purchased Zillow common stock during the Class Period, you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
What to do next: To join the Zillow class action, go to https://rosenlegal.com/cases/zillow-group-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 10, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
Details of the case: According to the lawsuit, defendants throughout the Class Period made materially false and/or misleading statements and/or failed to disclose that: (1) Zillow's agreement with Redfin Corporation was not a "partnership," but rather an acquisition of Redfin's business; (2) as a result of the Redfin Agreement, Zillow faced a materially heightened risk of regulatory scrutiny and liability under federal antitrust laws; (3) upon the filing of an antitrust lawsuit, Zillow continued to downplay its legal exposure; and (4) as a result, defendants' statements about Zillow's business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Zillow class action, go to https://rosenlegal.com/cases/zillow-group-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com
The freelance economy and the digital storefront market are colliding as businesses rethink how they operate. Deciding between Upwork (UPWK +2.33%) and Wix.com (WIX +0.99%) requires weighing platform growth against margin stability.
Upwork connects companies with remote talent through its marketplace, while Wix provides the infrastructure for building and managing a professional online presence. Both companies are navigating the shift toward artificial intelligence, making them interesting studies in how digital service platforms evolve to meet changing enterprise and small business needs in 2026.
The case for UpworkUpwork operates a marketplace connecting businesses with independent professionals for remote work. This ecosystem serves everyone from small entrepreneurs to Fortune 100 enterprises across 90 countries.
In its 2025 fiscal year (FY), revenue reached $787.8 million, representing growth of 2.4% over the prior year. The company reported net income of $115.4 million for the period. This resulted in a net margin of 14.7%, which measures the percentage of revenue remaining after all expenses are paid.
As of its December 2025 balance sheet, the debt-to-equity ratio is 0.6x. This ratio compares total debt to shareholder equity to show how a company funds its assets. The current ratio is 1.5x, indicating the company has $1.50 in current assets for every $1.00 in short-term liabilities. Free cash flow for FY 2025 was $242.5 million, which is the cash a company generates after accounting for capital expenditures. Note that stock-based compensation (SBC) represented 26.3% of operating cash flow, which inflates reported cash generation since SBC is a non-cash expense added back in the cash flow statement.
The case for Wix.comWix provides a comprehensive website builder and domain registrar service powered by artificial intelligence. Its platform includes design tools, hosting, and marketing features for creators and developers. While Wix is technically part of the tech stocks landscape, it acts as a critical utility for millions of global users.
During FY 2025, revenue reached $2.0 billion, a growth rate of 13.2% compared to the previous year. The company recorded net income of $50.6 million. The net margin for this period was 2.5%, suggesting a lower portion of sales translated into bottom-line profit compared to its peer.
Based on the December 2025 balance sheet, the debt-to-equity ratio is -4.3x, which means total liabilities exceed shareholder equity. This was due to the company’s massive stock buybacks, including a Dutch auction. The current ratio stands at 1.2x, representing the company's ability to cover its short-term debts with short-term assets. Free cash flow for FY 2025 was $574.3 million. Note that stock-based compensation represented 40.7% of operating cash flow.
Risk profile comparisonUpwork faces a class action lawsuit investigation regarding the accuracy of its reported revenue growth. Regulatory uncertainty regarding worker classification and new international AI rules also pose risks to its marketplace model. Furthermore, the company must manage $361 million in convertible notes maturing in August of 2026. Failure to refinance this debt could limit its ability to invest in research and development.
Wix must maintain its technological edge against competitors such as Adobe. The rapid advancement of AI could lower the barrier to entry for website creation, potentially commoditizing its core service. Additionally, macroeconomic shifts often lead small businesses to cut spending on subscription-based software tools. Ongoing global economic volatility remains a primary concern for its subscriber growth.
Valuation comparisonUpwork appears to be the more value-oriented choice based on its lower earnings multiple, while Wix trades at a higher premium for its superior growth.
MetricUpworkWix.comSector BenchmarkForward P/E6.0x10.7x24.8xP/S ratio1.5x1.5xn/aSector benchmark uses the SPDR XLI sector ETF. Valuation metrics sourced from Financial Modeling Prep (FMP) and may differ from other data providers.
Upwork and Wix are two businesses heavily impacted by the arrival of artificial intelligence. Upwork’s foundation as a platform for freelance work could fundamentally change as AI automates a variety of tasks previously handled by humans. Wix’s core website creation business could be replaced by AI solutions.
As a result of the uncertainty around how their businesses will evolve in the AI era, shares of both Upwork and Wix have fallen substantially in 2026. This creates a buy opportunity, but which is the better choice? I would pick up Wix stock.
Upwork offers a great platform for freelance talent, but whether those workers have the skills to use AI effectively and how businesses ultimately leverage AI in their operations is out of Upwork’s control. Its 2026 full-year forecast for revenue between $760 million to $790 million suggests a choppy year ahead. The low end of that range represents a decline from $787.8 million in 2025 sales.
Wix is seeing strong sales growth thanks to its acquisition of Base44, a platform that uses AI to build websites and apps. For 2026, it expects revenue growth in the mid-teens percentage year over year, demonstrating a business that remains resilient in the face of AI disruption.
Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Zoetis Inc. (NYSE: ZTS) between January 14, 2025 and May 6, 2026, inclusive (the "Class Period"), of the important July 27, 2026 lead plaintiff deadline.
So What: If you purchased Zoetis securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
What to do next: To join the Zoetis class action, go to https://rosenlegal.com/cases/zoetis-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 27, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
Details of the case: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and touted growing market share, strong veterinarian adoption, and accelerating sales growth across Zoetis' flagship Companion Animal products and/or failed to disclose that: (1) veterinarian prescription growth and adoption of Zoetis' Librela, a canine pain treatment, were sharply weakening as clinicians became more cautious following FDA safety warnings concerning serious neurological complications in dogs; (2) Zoetis' Simparica Trio was losing significant market share to a lower priced competing canine parasiticide with broader indicated use in a slowing overall market; and (3) Zoetis' dermatology products, Apoquel and Cytopoint, were losing substantial market share to a newly launched competing canine treatment. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Zoetis class action, go to https://rosenlegal.com/cases/zoetis-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com
Several reporters were subpoenaed to appear before a grand jury following reporting on security concerns with the Qatari-gifted jet used as Air Force One.
AI-enabled facility leverages automation, connected systems, and real-time insights to strengthen supply chain resilience
PENANG, Malaysia--(BUSINESS WIRE)--Jabil Inc. (NYSE: JBL), a global leader in engineering, supply chain, and manufacturing solutions, has opened its next-generation logistics hub in Penang.
Jabil’s new Intelligent Logistics Hub (or the Hub) spans around 417,000 square feet and is located in the Valdor Industrial Park in Sungai Jawi, Penang. The digitalised facility is set to boost the company’s back-end operations and support customers’ rapidly growing product complexity and capacity demands using AI-enabled capabilities to streamline inventory management, enhance traceability and tracking, deploy autonomous robots, and more.
“Supply chain volatility, rising logistics and operating costs, and the need for greater visibility into inventory are a few challenges faced in today’s advanced manufacturing and electronics supply chains. Coupled with the growth we see in the region, the new facility is a timely investment to enhance our automation capability and help Jabil grow to meet our customers’ future needs,” said HH Yeo, Jabil’s Senior Vice President of Operations.
"The Jabil Intelligent Logistics Hub demonstrates how Malaysian innovation and engineering capabilities can deliver world-class industrial infrastructure that meets the evolving needs of global supply chains. This project reflects our commitment to enabling smarter, more resilient, and future-ready industrial ecosystems that support Malaysia's economic growth and competitiveness," said Dato' Hj Abd Rahim bin Hj Jaafar, Executive Chairman of PTT Synergy Group Berhad, which delivered the facility through its subsidiary PROTT Sdn. Bhd. (PROTT).
Leveraging Penang’s strategic location, the new logistics hub will support end-to-end material flow, with capabilities including kitting, inventory management, automated storage and retrieval systems (ASRS), sequencing, packing, cross-docking, traceability, and just-in-time (JIT) delivery to production lines.
Jabil opened its first Penang location in 1995. Across its eight Malaysian facilities, the company today employs more than 14,000 people and serves a wide range of industries, from automotive and transportation; cloud and data centre infrastructure; defence and aerospace; healthcare; and semiconductor capital equipment.
Jabil has been recognised as Best Employer and Employer of Choice in the Malaysia- International HR (MIHRM) Award in 2024; Responsible Business Alliance Validated Assessment Program (RBA VAP) Gold Certificate (Penang); received the CSR Malaysia Award 2025; Excellence in Corporate Social Responsibility (CSR) Award; ESG Commitment Award by the Association of Malaysian Medical Industries (AMMI); and is a longstanding recipient of MY AmCham Cares Excellence Awards.
To learn about and apply for open positions at Jabil’s facilities in Malaysia, visit jabil.com/careers.
About Jabil
At Jabil (NYSE: JBL), we are proud to be a trusted partner for the world's top brands, offering comprehensive engineering, supply chain, and manufacturing solutions. With 60 years of experience across industries and a vast network of over 100 sites worldwide, Jabil combines global reach with local expertise to deliver both scalable and customised solutions. Our commitment extends beyond business success as we strive to build sustainable processes that minimise environmental impact and foster vibrant and diverse communities around the globe. Discover more at www.jabil.com.
Additional Information:
The Jabil Intelligent Logistics Hub Facility Highlights
Scale: The facility accommodates approximately 52,300 pallet positions and incorporates a fully Automated Storage and Retrieval System (ASRS), climate-controlled environments, and intelligent warehouse technologies to ensure the secure handling of high-value and sensitive materials, including semiconductors and advanced electronic components. The facility also features high-bay stacker cranes, autonomous robotics and digital twin capabilities.
Security: Designed and constructed in accordance with FM Global standards, the facility provides a highly resilient and secure operating environment.
Real-time visibility and traceability: At the core of the operation is an integrated Digital Twin platform powered by Artificial Intelligence (“AI”) and Internet of Things (“IoT”) technologies. The data-driven system delivers real-time operational visibility, preventive maintenance capabilities, energy optimisation, and end-to-end inventory traceability, enhancing operational efficiency while supporting long-term reliability and sustainability objectives.
Safety: Supported by an integrated fleet of approximately 160 autonomous mobile robots (AMRs), forklift mobile robots (FMRs), sky transfer units (STUs), robotic arms, and automated scanning systems, the facility enables seamless material movement and inventory management from inbound receipt to outbound fulfilment.
Sustainability considerations have been embedded throughout the facility's design and operations. A rooftop solar photovoltaic system is scheduled for installation in September 2026, supporting the facility's target to achieve GreenRE Bronze certification and contributing to lower-carbon industrial operations.
The facility was delivered by PTT Synergy Group Berhad (Bursa: PTT) through its wholly owned subsidiary, PROTT Sdn. Bhd., (PROTT) which served as the total complete intelligent intralogistics solutions provider, integrating smart warehouse technologies, automation, and digital twin capabilities.
Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Calix, Inc. (NYSE: CALX) between January 28, 2026 and April 21, 2026, inclusive (the "Class Period"), of the important July 27, 2026 lead plaintiff deadline.
So What: If you purchased Calix securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
What to do next: To join the Calix class action, go to https://rosenlegal.com/cases/calix-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 27, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
Details of the case: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) Calix's first quarter margins had significantly benefited from advanced purchasing of memory components; (2) Calix's advanced supply of memory components was dwindling; (3) as a result, Calix was experiencing negative margin pressure as it was forced to purchase memory components at rising market prices; and (4) as a result of the foregoing, defendants' positive statements about Calix's margins, business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Calix class action, go to https://rosenlegal.com/cases/calix-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com
MIDLAND, Texas--(BUSINESS WIRE)--AST SpaceMobile, Inc. (“AST SpaceMobile”) (NASDAQ: ASTS), the company building the first and only space-based cellular broadband network accessible directly by everyday smartphones, designed for both commercial and government applications, today announced the pricing of $1.0 billion aggregate principal amount of 1.625% convertible senior notes due 2034 (the “Notes”) in a private offering (the “Notes Offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The sale of the Notes to the initial purchasers is expected to settle on July 20, 2026, subject to customary closing conditions.
Key Elements of the Transaction:
$1.0 billion 1.625% convertible senior notes due 2034, which have an initial conversion price of approximately $79.57 per share of AST SpaceMobile’s Class A common stock, which represents a premium of approximately 20.0% over the last reported sale price of AST SpaceMobile’s Class A common stock on July 15, 2026. Capped call transactions entered into in connection with the pricing of the Notes have an initial cap price of $149.20 per share of AST SpaceMobile’s Class A common stock, which represents a premium of 125.0% over the last reported sale price of AST SpaceMobile’s Class A common stock on July 15, 2026. Option to Purchase Additional Notes:
AST SpaceMobile also granted the initial purchasers of the Notes in the Notes Offering an option to purchase, for settlement within a 13-day period beginning on, and including, the first date on which the Notes are issued, up to an additional $150.0 million aggregate principal amount of Notes.
Use of Proceeds:
AST SpaceMobile estimates that the net proceeds from the Notes Offering will be approximately $983.6 million (or approximately $1,131.2 million if the initial purchasers’ option to purchase additional Notes is exercised in full), after deducting the initial purchasers’ discounts and commissions and estimated offering expenses payable by AST SpaceMobile. AST SpaceMobile intends to use $96.9 million of the net proceeds from the Notes Offering to pay the cost of the capped call transactions described below. AST SpaceMobile intends to use the remaining net proceeds from the Notes Offering to pursue an expanding universe of growth initiatives and secure additional access to orbit for its space-based cellular broadband network, including partnerships and/or acquisitions to further vertically integrate its business and mitigate risks associated with third-party launch providers. AST SpaceMobile currently does not have any understandings or agreements with respect to any such strategic transactions. If the initial purchasers exercise their option to purchase additional Notes, AST SpaceMobile expects to use a portion of the net proceeds from the sale of the additional Notes to enter into additional capped call transactions with the option counterparties (as defined below), with the remainder of the net proceeds to be used as described above.
Additional Details of the Notes:
The Notes will be senior, unsecured obligations of AST SpaceMobile. The Notes will accrue interest at an annual rate of 1.625%, payable semiannually in arrears on February 1 and August 1 of each year, beginning on February 1, 2027. The Notes will mature on February 1, 2034, unless earlier converted or repurchased.
Prior to the close of business on the business day immediately preceding November 1, 2033, noteholders will have the right to convert their Notes only upon the satisfaction of specified conditions and during certain periods. On or after November 1, 2033 and until the close of business on the second scheduled trading day immediately preceding February 1, 2034, noteholders may convert their Notes at any time regardless of these conditions. The initial conversion rate will be 12.5672 shares of AST SpaceMobile’s Class A common stock per $1,000 principal amount of Notes (equivalent to an initial conversion price of approximately $79.57 per share of AST SpaceMobile’s Class A common stock, which represents a premium of approximately 20.0% over the last reported sale price of $66.31 per share of AST SpaceMobile’s Class A common stock on the Nasdaq Global Select Market on July 15, 2026), subject to adjustment in certain circumstances. AST SpaceMobile will settle conversions of Notes by paying or delivering, as the case may be, cash, shares of AST SpaceMobile’s Class A common stock, or a combination thereof, at AST SpaceMobile’s election.
The Notes will not be redeemable at AST SpaceMobile’s option prior to the maturity date, and no sinking fund is provided for the Notes.
Noteholders will have the right, subject to certain conditions and exceptions described in the indenture governing the Notes (the “indenture”), to require AST SpaceMobile to repurchase for cash all or a portion of their Notes upon the occurrence of a fundamental change (as defined in the indenture) at a purchase price of 100% of their principal amount plus accrued and unpaid interest, if any, to, but excluding, the relevant repurchase date. In addition, following certain corporate events that occur prior to February 1, 2034, AST SpaceMobile will, in certain circumstances, increase the conversion rate for a noteholder who elects to convert its Notes in connection with such corporate events.
Capped Call Transactions:
In connection with the pricing of the Notes, AST SpaceMobile entered into capped call transactions with certain of the initial purchasers of the Notes or affiliates thereof and other financial institutions (the “option counterparties”). The capped call transactions cover, subject to customary adjustments, the number of shares of AST SpaceMobile’s Class A common stock initially underlying the Notes. The capped call transactions are expected generally to reduce the potential dilution to AST SpaceMobile’s Class A common stock upon any conversion of Notes and/or offset any cash payments AST SpaceMobile is required to make in excess of the principal amount of converted Notes, as the case may be, with such reduction and/or offset subject to a cap. The cap price of the capped call transactions is initially $149.20 per share, which represents a premium of 125.0% over the last reported sale price of AST SpaceMobile’s Class A common stock of $66.31 per share on the Nasdaq Global Select Market on July 15, 2026, and is subject to certain adjustments under the terms of the capped call transactions.
In connection with establishing their initial hedges of the capped call transactions, AST SpaceMobile expects the option counterparties or their respective affiliates will enter into various derivative transactions with respect to AST SpaceMobile’s Class A common stock and/or purchase shares of AST SpaceMobile’s Class A common stock concurrently with or shortly after the pricing of the Notes, including with, or from, as the case may be, certain investors in the Notes. This activity could increase (or reduce the size of any decrease in) the market price of AST SpaceMobile’s Class A common stock or the Notes at that time.
In addition, the option counterparties or their respective affiliates may modify their hedge positions by entering into or unwinding various derivatives with respect to AST SpaceMobile's Class A common stock and/or purchasing or selling AST SpaceMobile’s Class A common stock or other securities of AST SpaceMobile in secondary market transactions following the pricing of the Notes and prior to the maturity of the Notes (and are likely to do so during the 20 trading day period beginning on the 21st scheduled trading day prior to the maturity date of the Notes, or, to the extent AST SpaceMobile exercises the relevant termination election under the capped call transactions, following any repurchase or conversion of the Notes). This activity could also cause or avoid an increase or a decrease in the market price of AST SpaceMobile’s Class A common stock or the Notes, which could affect a noteholder’s ability to convert the Notes and, to the extent the activity occurs during any observation period related to a conversion of Notes, it could affect the number of shares, if any, and value of the consideration that a noteholder will receive upon conversion of its Notes.
The Notes are only being offered and will only be sold to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A promulgated under the Securities Act by means of a private offering memorandum. Neither the Notes nor the shares of AST SpaceMobile’s Class A common stock potentially issuable upon conversion of the Notes, if any, have been, or will be, registered under the Securities Act or the securities laws of any other jurisdiction, and unless so registered, may not be offered or sold in the United States, except pursuant to an applicable exemption from, or in a transaction not subject to, such registration requirements.
This announcement is neither an offer to sell nor a solicitation of an offer to buy any of the Notes or any shares of AST SpaceMobile’s Class A common stock potentially issuable upon conversion of the Notes and shall not constitute an offer, solicitation, or sale in any jurisdiction in which such offer, solicitation, or sale is unlawful.
About AST SpaceMobile
AST SpaceMobile is building the first and only global cellular broadband network in space to operate directly with standard, unmodified mobile devices based on our extensive IP and patent portfolio, designed for both commercial and government applications. Our engineers and space scientists are on a mission to enable 4G and 5G space-based cellular broadband to every device, everywhere, for today’s nearly 6 billion mobile subscribers globally.
Forward-Looking Statements
This communication contains “forward-looking statements” that are not historical facts, including statements concerning the completion of the Notes Offering, the potential effects of entering into the capped call transactions, and the expected use of the net proceeds from the Notes Offering. These forward-looking statements can be identified by the use of forward-looking terminology, including the words “anticipates,” “believes,” “could,” “estimates,” “expects,” “intends,” “may,” “potential,” “will,” or, in each case, their negative or other variations or comparable terminology. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Such risks include, but are not limited to, whether AST SpaceMobile will consummate the Notes Offering, prevailing market conditions, the anticipated principal amount of the Notes, which could differ based upon the exercise of the initial purchasers’ option to purchase additional Notes, the anticipated use of the net proceeds from the Notes Offering, which could change as a result of market conditions or for other reasons, whether the capped call transactions described above will become effective, the effects of entering into these transactions, and the impact of general economic, industry or political conditions in the United States or internationally.
AST SpaceMobile cautions that the foregoing list of factors is not exclusive. AST SpaceMobile cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. For information identifying important factors that could cause actual results to differ materially from those anticipated in the forward-looking statements, please refer to the Risk Factors in AST SpaceMobile’s Form 10-K for the fiscal year ended December 31, 2025 filed with the SEC on March 2, 2026, its Form 10-Q for the fiscal quarter ended March 31, 2026 filed with the SEC on May 11, 2026 and the future reports that it may file from time to time with the SEC. AST SpaceMobile’s securities filings can be accessed on the EDGAR section of the SEC’s website at www.sec.gov. Except as expressly required by applicable securities law, AST SpaceMobile disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
SummaryIn this article series, I summarize dividend announcements of the past week. Eight dividend growth stocks announced increases, with PNC delivering the largest raise of 17.6%.MRSH stands out for high quality and a safe 37% payout ratio, while the stock trades 11% below fair value.FAST extended its 28-year dividend growth streak with an 8.3% increase but trades at a 13% premium to fair value.EPD and LEVI offer high yields and growth but have concerning payout and safety metrics, warranting caution. Jonathan Kitchen/DigitalVision via Getty Images
I monitor dividend announcements for 700+ dividend growth stocks in my database and report on them in this weekly article series.
Celebrating increases for the stocks I own is satisfying, but a dividend increase carries
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Analyst’s Disclosure: I/we have a beneficial long position in the shares of FAST either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Power is a major constraint in the artificial intelligence (AI) build-out, and CoreWeave (CRWV 3.58%) is positioned at the center of it. The company has more than 1 gigawatt of active power and is aiming for more than 8 gigawatts by 2030.
Gigawatts have become highly lucrative, with tech giants eager to sign long-term deals for this type of AI infrastructure. Just as AI chips and memory chips produced trillion-dollar stocks in the blink of an eye, power constraints can do the same, and CoreWeave is well-positioned for that scenario.
However, a $1 trillion valuation would require CoreWeave to more than 20x from current levels. How realistic is that, actually? Here's what investors should know when assessing whether CoreWeave can become a $1 trillion company.
Image source: Getty Images.
Dissecting the 8-gigawatt target If CoreWeave can reach its 8-gigawatt target by 2030, it has a real shot at becoming a $1 trillion company. However, that's a major "if," and it also assumes CoreWeave increasingly shifts away from renting data center space and owns a higher percentage of its gigawatts.
Today's Change
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Here's the good part about the math: Since it costs $60 billion to build a 1-gigawatt data center, having 8 gigawatts of data center capacity translates into $480 billion in value. That doesn't include property appreciation or hyperscaler deals.
CoreWeave already has a 3.5-gigawatt pipeline, so it's feasible for the company to expand this pipeline to 8 gigawatts by 2030. CoreWeave has had no issue with signing new deals with hyperscalers. The company signed new long-term deals with Meta Platforms, including a $21 billion expanded AI infrastructure agreement that stretches through December 2032. The total number of megawatts involved in the deal was not disclosed.
The financial realities of building a multi-gigawatt portfolio There is enough demand for an 8-gigawatt portfolio to build a $1 trillion company if all those gigawatts had multiyear contracts and were ready to go. However, CoreWeave may be strained significantly by financial realities on the path to its 8-gigawatt target.
The first financial reality is that it costs $60 billion to build a 1-gigawatt AI data center. How will CoreWeave raise enough money to build the necessary data centers to close its 4.5-gigawatt gap? Financing, tax incentives, and energy deals can help. CoreWeave also needs to fully power its remaining pipeline and reach a deal with hyperscalers for it.
The second financial reality is that CoreWeave will face higher costs from its landlords, which could further hurt margins. The company is already burning through cash, and while competitors like Nebius and Iren can substantially improve margins in the future by owning the land, power, and other resources, CoreWeave's business model does not provide that flexibility.
Landlords will raise prices on CoreWeave, especially as it locks in lucrative long-term deals with tech giants. CoreWeave more than doubled its revenue year over year in Q1 2026, but its net losses also more than doubled in that time frame. That type of business is not sustainable, especially as costs are set to increase significantly.
Look for the pivot to owned power CoreWeave is in the right industry at the right time, but there are better trades for investors who want to multiply their money. Nebius and Iren have much better chances of reaching $1 trillion valuations because they own the power, data centers, and other resources.
CoreWeave's business model is very similar to WeWork, a company that filed for bankruptcy a few years after reaching a $47 billion valuation. WeWork aggressively committed to long-term leases for office space and rented it to various companies, hoping to profit under an arbitrage model. CoreWeave has the same business model, except its business revolves around AI data center capacity rather than office space.
CoreWeave isn't likely to suffer the same fate. Demand for commercial office space collapsed during the pandemic and never truly recovered, which crushed WeWork's business model. CoreWeave is at the center of an industry with insatiable demand.
While a collapse is unlikely, CoreWeave is guaranteed to face margin pressure if it relies heavily on renting AI data center capacity and selling it to customers. CoreWeave owns its AI chips, which helps a little.
Investors should monitor any developments around CoreWeave shifting to own its AI data centers in the future instead of signing leases. If the company can get debt financing on good terms and continue to sign good deals, it could reach a $1 trillion valuation. However, you might get more from your money with other neocloud stocks.
Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Futu Holdings Limited (NASDAQ: FUTU) between May 24, 2023 and May 27, 2026, inclusive (the "Class Period"), of the important August 25, 2026 lead plaintiff deadline.
So what: If you purchased Futu securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
What to do next: To join the Futu class action, go to https://rosenlegal.com/cases/futu-holdings-limited/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 25, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
Details of the case: According to the lawsuit, throughout the Class Period, defendants made materially false and misleading statements and/or failed to disclose that: (1) Futu was not in compliance with the requirements of the China Securities Regulatory Commission (the "CSRC"), including because Futu continued to conduct securities business, public fund sales business and futures business in mainland China without obtaining the requisite licenses or approval; (2) as a result, Futu was reasonably likely to face regulatory penalties, including the disgorgement of ill-gotten gains and other penalties; (3) as a result of the foregoing, Futu's financial results were overstated; and (4) as a result of the foregoing, defendants' positive statements about Futu's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Futu class action, go to https://rosenlegal.com/cases/futu-holdings-limited/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com
Get ready, Android users: Google will begin letting people download third-party apps from the Google Play Store next week, Bloomberg reports. This news comes after the five-year antitrust lawsuit filed by Epic Games, the creator of the popular video game Fortnite, concluded on Tuesday.
Owners of Android phones in the US will be able to download third-party apps starting on July 22.
Epic Games sued Google in 2020, claiming that Google's Play Store operated as an unlawful monopoly by restricting easy access to third-party services, such as app stores and non-Google payment methods.
In late 2023, the court ruled in Epic's favor, and US District Judge James Donato issued a sweeping order requiring Google to open the Play Store to rival app stores.
In November 2025, the two companies reached a settlement to modify this order, proposing an alternate solution that was made public in March of this year. The compromise would take the form of a Registered App Stores program, requiring third-party stores to remain outside the Play ecosystem as sideloaded apps rather than inside Google Play.
Then, both companies jointly withdrew this modified settlement to avoid "prolonging" the legal process. Since the compromise was scrapped, Google reverted to complying with the court's original, stricter mandate.
The company launched a dedicated page for its Play Catalog Access Program, announcing that third-party app stores will be downloadable directly from within Google Play starting July 22. App developers will have greater visibility for their products, and their games and applications will be listed on external Android app stores.
Google's service fees will continue to apply to these downloads, while the company lowered its app purchase commissions from 30% down to 10%. As part of the settlement, developers are now allowed to offer users alternative payment methods or to distribute purchase links to their own websites.
Google spokesperson Dan Jackson told CNET in a statement that by moving past this dispute, the tech giant can focus on launching its new global business strategy aimed at providing more store choices, lower prices and better opportunities for users and developers.
Jackson emphasized that while Google will strictly comply with the US court's original mandate, it's "committed to maintaining Android's industry-leading security and fostering a competitive ecosystem where every app store and developer has the freedom to compete."
Retirement investors staring at Amazon (NASDAQ:AMZN | AMZN Price Prediction), Tesla (NASDAQ:TSLA), and Apple (NASDAQ:AAPL) heading into Q2 earnings face one simple question: which of these three Magnificent 7 names best deserves a spot in a long-duration portfolio right now?
Microsoft appears to be prepping its sales team to get more competitive with the other major players in the AI industry.
At an internal meeting on Tuesday, the company’s executives outlined a plan for salespeople to negatively compare AI products from companies like OpenAI, Google, and Anthropic to its own, according to a new report from Bloomberg. The meeting, billed as a strategy session for the new fiscal year, reportedly leaned heavily on pitching the efficiency and cost-effectiveness of Microsoft’s in-house models against those of its rivals.
“Everyone else is selling parts — we’re selling the full end-to-end system. That’s the story that we all need to get out there and tell in FY27,” Executive Vice President Jay Parikh reportedly told the room.
Executive Vice President Jacob Andreou reportedly went further, delivering a presentation comparing Copilot directly to Anthropic’s chatbot Claude. According to Bloomberg, Andreou noted that, when it came to performance within Microsoft’s office apps, Anthropic’s model was “slower and less accurate, and lacked the proper security integrations,” Bloomberg writes.
TechCrunch has reached out to Microsoft and Anthropic for comment and will update this story if we hear from either outfit.
A company coaching its sales team on how to trash-talk competitors isn’t particularly surprising. What’s more notable is who Microsoft is now targeting — the same companies it has long depended on for the AI models powering its own products.
It’s just the latest move in that direction. A report earlier this month found that Microsoft has been swapping OpenAI and Anthropic’s models out of flagship apps like Word and Excel in favor of its own — a cost-cutting move, according to that report.
There was a time when Microsoft and OpenAI were attached at the hip. The two companies entered into a very unique agreement years ago that saw Microsoft provide capital and compute to OpenAI while allowing Microsoft to enjoy exclusive access to OpenAI’s API and models. The companies amended the partnership in April, dropping the exclusivity clause and clearing OpenAI to sell to Microsoft’s competitors.
That revised relationship may help explain the sales team’s new pitch. Microsoft has been battling a less-than-optimal stock outlook over the past year, as investors question the company’s massive spending on the buildout of its AI business. Talking up how competitive those products actually are is likely an attempt to calm those waters and build confidence in Microsoft’s long-term AI plan.
When you purchase through links in our articles, we may earn a small commission. This doesn’t affect our editorial independence.
Lucas is a senior writer at TechCrunch, where he covers artificial intelligence, consumer tech, and startups. He previously covered AI and cybersecurity at Gizmodo. You can contact Lucas by emailing [email protected].
Microsoft’s cybersecurity business is developing more artificial intelligence (AI) security products, cutting back on some of its more traditional security products, and consolidating engineering teams, which has led to several hundred layoffs, The Information reported Wednesday (July 15), citing unnamed sources.
The company is making these changes to better respond to customer demand for solutions to the threat of AI-powered hacks, and to capture some of the spending that is going to AI firms Anthropic and OpenAI, according to the report.
Reached by PYMNTS, Microsoft declined to comment on the report.
According to The Information’s report, the overhaul is being led by Hayete Gallot, who took over the security business in February. Gallot is prioritizing AI-powered tools such as Microsoft Security Copilot, products that scan code for vulnerabilities and products that help companies monitor their own AI agents.
“The entire industry is getting reimagined from the ground up,” Gallot wrote in an internal Microsoft memo, per the report. “And it will reward the companies that see the shift early, make the hard choices, and execute with discipline. A few months ago, we made those choices. Now we must execute.”
Microsoft Chairman and CEO Satya Nadella wrote in a Feb. 4 blog post that Gallot rejoined Microsoft as executive vice president, security, and would report to him. Gallot had held senior leadership roles at the company for 15 years before moving to Google, where she served as president, customer experience for Google Cloud.
“She brings an ethos that combines product building with value realization for customers, which is critical right now,” Nadella said in the post. “As we shared during our quarterly earnings last week, we have great momentum in security, including progress with Security Copilot agents, strong Purview adoption, and continued customer growth, and we will build on this.”
It was reported Wednesday that Microsoft is intensifying its competitive strategy against OpenAI and Anthropic by positioning its services as a more secure and cost-effective end-to-end alternative for corporate clients.
The PYMNTS Intelligence report “Where Payments Decisions Happen: How Issuer Data Is Powering the Next Era of Commerce” found that 42% of issuers said AI has helped them save more than $5 million from fraud attempts in recent years.
Mastercard has introduced a set of software tools and services designed to make it easier for companies to create digital wallet capabilities on both iOS and Android and add contactless payments to their apps.
The new Mastercard Wallet Services is designed for banks, FinTechs, merchants and digital platforms. It is already being used by several Mastercard partner banks to develop new digital wallet features that could reach consumers by the end of the year, the company said in a Wednesday (July 15) blog post.
“New digital wallets could provide more choice for consumers, as companies all over the world will be able to offer new benefits, rewards, discounts, points or features to encourage users to start using their wallets,” Mastercard Chief Digital Officer Pablo Fourez said in the post. “Those players could also benefit by building stronger connections and engagement with their user bases.”
Apple’s decision in 2024 to begin opening access to the near-field communication (NFC) capabilities that power its mobile payments has created new possibilities for banks to add digital wallet features to their mobile banking apps across iOS and Android, according to the post.
Those possibilities led Mastercard to develop Mastercard Wallet Services, per the post.
“While consumer adoption of alternative wallets will take time, expanded platform access gives banks and FinTechs new opportunities to innovate,” Fourez said. “Ultimately, consumers could be the biggest winners of these changes, gaining access to a broader range of digital wallet experiences, rewards, value-added services and payment options offered through the apps they already use every day.”
PYMNTS reported in August 2024 that in the wake of an agreement between Apple and the European Commission to allow access to NFC technology on iPhones, Apple announced that it was giving developers access to the technology and that starting with iOS 18.1, they would be able to offer NFC contactless transactions using the Secure Element from within their own apps on iPhone.
PYMNTS reported at the time that this move could turbocharge the momentum of digital wallets and allow the in-app contactless features to be deployed across a variety of uses cases, from transit to merchant loyalty and rewards programs.
The PYMNTS Intelligence report “Digital Wallets Beyond Transactions: Global In-Depth Report“ found that digital wallets are used for payments, identification and other purposes.
JPMorgan Chase (JPM - Free Report) ) once again reminded Wall Street why it remains the gold standard among U.S. banks after delivering a stellar Q2 report that impressively topped analyst expectations yesterday.
Driven by surging trading revenue, a rebound in investment banking, resilient consumer spending, and healthy loan growth, the banking giant posted another record quarter while raising key guidance metrics.
With JPM hitting an all-time high of $351 a share following its earnings release, investors may be wondering whether the post-earnings rally has further room to run or if much of the good news is already priced in.
Image Source: Zacks Investment Research
JPMorgan's Record Q2 Results
JPMorgan's second-quarter numbers easily exceeded Wall Street estimates across the board.
The company earned record quarterly adjusted net income of $16.9 billion or $6.14 per share, which was up nearly 24% year over year, and almost 10% above EPS expectations of $5.59.
This came on revenue of $57.34 billion, which was also a quarterly peak and reflected 27% growth from the prior year quarter while topping estimates of $49.14 billion by nearly 17%.
Image Source: Zacks Investment Research
The strength was broad-based:
Investment banking fees rebounded sharply as capital markets activity improved.Equities trading revenue surged thanks to elevated market volatility and client activity.Asset and wealth management generated record fees.Consumer banking remained resilient with continued loan and deposit growth.Credit quality remained healthy, prompting management to lower its expected net charge-off outlook.CEO Jamie Dimon credited strong client activity and resilient consumer spending for the impressive quarter while noting that the bank continues to benefit from AI-related financing activity across corporate America. However, Dimon reiterated that geopolitical tensions, elevated government deficits, and inflation remain long-term risks.
JPMorgan’s Optimistic OutlookPerhaps even more encouraging than the quarterly beat was management's updated outlook.
JPMorgan raised its full-year net interest income (NII) guidance to roughly $105.5 billion from $103 billion, reflecting stronger lending trends and continued business momentum.
The banking giant modestly increased its annual expense outlook to $107.5 billion as it continues to invest heavily in technology and artificial intelligence, but investors largely viewed the higher spending as growth-oriented rather than concerning.
Furthermore, JPMorgan lowered its expected credit-loss outlook to roughly 3.2% from 3.4%, reinforcing confidence that earnings momentum can continue through the second half of the year.
JPM Still Offers Sound ValueDespite trading near record highs, JPMorgan's valuation remains far from excessive.
Large U.S. banks have generally traded at discounts to the broader market due to their cyclical nature, and JPMorgan is no exception. Even after its strong rally over the last several years, JPM trades at a very reasonable forward earnings multiple of 15X.
This is roughly on par with its Zacks Financial-Investment Bank Industry average and a pleasant discount to the benchmark S&P 500’s 23X, while being below the P/E premiums of many large-cap tech stocks.
Considering the company's increased profitability, industry-leading return on tangible common equity, fortress balance sheet, and exceptional capital generation, investors may still view JPM’s valuation as a steal.
Image Source: Zacks Investment Research
Meanwhile, JPMorgan continues to reward shareholders through a combination of dividend growth and share repurchases.
Offering a respectable 1.75% annual dividend yield that exceeds the S&P 500’s 1.03% average and its Zacks industry average of 1.64%, JPM has remained appealing to both growth and income-oriented investors.
Image Source: Zacks Investment Research
Can JPM Stock Reach Higher Highs?Several catalysts could keep supporting JPMorgan shares over the coming quarters.
If capital markets remain active, investment banking fees and trading revenue could stay elevated. At the same time, stabilization in interest rates should support net interest income, while improving credit conditions could reduce future loan losses.
Artificial intelligence also represents an increasingly important opportunity. JPMorgan has become one of Wall Street's largest AI investors, deploying the technology across fraud detection, customer service, software development, research, and internal productivity initiatives. The bank also benefits indirectly as it finances many of the largest AI infrastructure projects being undertaken by corporate clients.
Combined with one of the strongest balance sheets in global banking and a proven management team, JPMorgan appears well-positioned to continue delivering industry-leading financial performance.
Summary & ConclusionJPMorgan once again demonstrated why it is widely viewed as one of the premier banking franchises in the world. The company's impressive earnings beat, improving guidance, healthy credit trends, diversified revenue streams, and shareholder-friendly capital allocation have strengthened the long-term investment thesis.
Although JPM is trading near record highs, its valuation still appears reasonable relative to its earnings power and long-term growth prospects. For investors seeking exposure to the financial sector, JPM remains one of the highest-quality names capable of reaching higher highs if favorable operating trends continue, with the stock currently sporting a Zacks Rank #2 (Buy).
, /PRNewswire/ -- Oak-Eagle AcquireCo, Inc. (the "Offeror") announced today the extension of the Expiration Time and Settlement Date for the previously announced offers to purchase for cash (each, a "Tender Offer" and, together, the "Tender Offers") any and all of Electronic Arts Inc.'s (NASDAQ: EA) (the "Company") outstanding (i) 1.850% Senior Notes due 2031 (the "2031 Notes") and (ii) 2.950% Senior Notes due 2051 (the "2051 Notes" and, together with the 2031 Notes, the "Notes"), and solicitations of consents (each, a "Consent Solicitation" and, together, the "Consent Solicitations") from holders of the Notes (each, a "Holder" and, collectively, the "Holders") to certain proposed amendments (the "Proposed Amendments") to the indenture, dated as of February 24, 2016, as supplemented by that certain Second Supplemental Indenture, dated as of February 11, 2021, by and between the Company and U.S. Bank Trust Company, National Association (as successor in interest to U.S. Bank National Association), as trustee (the "Trustee") (the "Indenture") (such consents being solicited are each a "Consent" and, collectively, the "Consents").
The previously announced Expiration Time of 5:00 P.M., New York City time, on July 15, 2026, has been extended with respect to all Holders to 5:00 P.M., New York City time, on July 30, 2026, unless extended or earlier terminated, and the Settlement Date has been extended to August 4, 2026, unless extended or earlier terminated. The Offeror intends to extend the Expiration Time, without extending the Withdrawal Deadline (unless required by law), such that it will remain within three business days prior to the Settlement Date, which we anticipate will occur on or about the closing date of the Merger. The Withdrawal Deadline of 5:00 P.M., New York City time, on February 24, 2026 (the "Withdrawal Deadline"), is not extended and has already expired and any Notes tendered after the Withdrawal Deadline may not be withdrawn.
The Tender Offers and the Consent Solicitations are being made in connection with, and are expressly conditioned upon the closing of, the acquisition of the Company pursuant to the Agreement and Plan of Merger, dated September 28, 2025 (as it may be amended, supplemented or modified from time to time, the "Merger Agreement"), by and among the Company, the Offeror and Oak-Eagle MergerCo, Inc., a Delaware corporation and a wholly-owned subsidiary of the Offeror ("Merger Sub"), pursuant to which Merger Sub will merge with and into the Company (the "Merger"), with the Company surviving the Merger as a wholly-owned subsidiary of the Offeror, in each case on and subject to the terms and conditions therein. The Offeror and Merger Sub were formed by an investor consortium consisting of The Public Investment Fund, Silver Lake and Affinity Partners, for purposes of engaging in the transactions contemplated by the Merger Agreement. The consummation of the Merger is not conditioned on the consummation of the Tender Offers and the Consent Solicitations.
The terms and conditions of the Tender Offers and Consent Solicitations are described in the Offer to Purchase and Consent Solicitation Statement relating to the Notes dated as of February 10, 2026 (as amended or supplemented from time to time, the "Offer to Purchase and Consent Solicitation Statement"). Capitalized terms used herein, but not otherwise defined, have the meanings ascribed to such terms in the Offer to Purchase and Consent Solicitation Statement.
The table below outlines the approximate principal amount of the Notes validly tendered and not validly withdrawn as of the date hereof, according to information provided by Global Bondholder Services Corporation, the depositary and information agent for the Tender Offers and the Consent Solicitations (the "Depositary and Information Agent"). Any Notes validly tendered after February 24, 2026, but on or prior to the Expiration Time, will be eligible to receive the Tender Offer Consideration set forth in the table below. The Offeror currently intends to accept all Notes tendered in the Tender Offers, subject to the satisfaction of the conditions described below.
Title of Notes
CUSIP/ISIN(1)
Outstanding
Principal
Amount
Reference
Security
Reference
Yield
Fixed
Spread
(bps)
Tender Offer
Consideration(2) (3)
Aggregate
Principal
Amount
Tendered
1.850% Senior
Notes due 2031
CUSIP:
285512AE9
ISIN:
US285512AE93
$750,000,000
3.750%
UST due
January 31,
2031
3.626 %
+0
$876.41
$68,819,000
2.950% Senior
Notes due 2051
CUSIP:
285512AF6
ISIN:
US285512AF68
$750,000,000
4.625%
UST due
November
15, 2055
4.705 %
+0
$696.18
$7,917,000
(1) The CUSIP numbers and ISINs referenced in this press release are included solely for the convenience of Holders. None of the Offeror, the Company, the Trustee, the Dealer Manager (as defined below), the Depositary and Information Agent nor their respective affiliates shall be held responsible for the selection or use of the referenced CUSIP numbers and ISINs, and no representation is made as to the correctness of any CUSIP number or ISIN on the Notes or as indicated in this press release or any other document.
(2) As defined in the Offer to Purchase and Consent Solicitation Statement. Calculated based on the Settlement Date of August 4, 2026. Subject to update pursuant to the Offer to Purchase and Consent Solicitation if the Tender Offers settle on a different date.
(3) Per $1,000 principal amount of Notes validly tendered and not validly withdrawn after February 24, 2026, but on or prior to the Expiration Time.
General Information
The Offeror's obligations to complete each Tender Offer and Consent Solicitation are subject to and conditioned upon the following having occurred or, in the case of the General Conditions, having been waived by the Offeror with respect to such Tender Offer and Consent Solicitation, as applicable: (1) the satisfaction of the Merger Condition, and (2) the satisfaction of the General Conditions. Each Tender Offer and Consent Solicitation is a separate offer and is not conditioned on any other Tender Offer or Consent Solicitation. There can be no assurance that any of the Tender Offers or the Consent Solicitations will be consummated. The Offeror may amend, extend or terminate the Tender Offers and the Consent Solicitations, in its sole discretion.
The Offeror intends to fund the Total Consideration (including accrued and unpaid interest), plus all related fees and expenses, using proceeds from the financing transactions to fund the Merger. Notes that are tendered and accepted in the Tender Offers will cease to be outstanding and will be cancelled.
Any Notes not tendered and purchased pursuant to the Tender Offers will remain outstanding. If the requisite Consents are received with respect to a series of Notes, and the Proposed Amendments become operative with respect to the Indenture for such series of Notes, then the applicable Notes that are not purchased pursuant to the Tender Offers will be subject to the Proposed Amendments. The Proposed Amendments would amend the Indenture to eliminate certain restrictive covenants, eliminate certain events of default and modify or eliminate certain other provisions with respect to such series of Notes. The Requisite Consents have not yet been received with respect to either series of Notes.
To the extent any Notes remain outstanding following the consummation of the Tender Offers and the Consent Solicitations, the Offeror currently intends to cause the Company to defease one or both series of Notes, in which case Holders of such Notes will continue to receive interest on each scheduled interest payment date and principal on the stated maturity date but will not benefit from any restrictive covenants removed pursuant to the defeasance, including the change of control repurchase obligations. The Proposed Amendments do not need to be adopted in order to defease one or both series of Notes in accordance with the terms of the Indenture. To the extent any Notes remain outstanding following the consummation of the Tender Offers and the Consent Solicitations, the Company may (or the Offeror may cause the Company to) also purchase, repurchase, redeem or otherwise acquire or retire the 2031 Notes and/or the 2051 Notes by any available means, including, without limitation, negotiated transactions, open market purchases, tender offers, redemption or otherwise, upon such terms and at such prices as the Offeror or the Company may determine. Any such transaction may be on the same terms or on terms that are more or less favorable to Holders of Notes than the terms of the Tender Offers and the Consent Solicitations and will depend on various factors existing at that time. Finally, the Company may (or the Offeror may cause the Company to) leave outstanding any Notes that remain outstanding following the consummation of the Tender Offers and the Consent Solicitations or any transaction described in this paragraph.
J.P. Morgan Securities LLC has been retained as the dealer manager in connection with the Tender Offers and as the solicitation agent in connection with the Consent Solicitations (the "Dealer Manager"). In such capacities, it may contact Holders regarding the Tender Offers and the Consent Solicitations and may request brokers, dealers, commercial banks, trust companies and other nominees to forward the Offer to Purchase and Consent Solicitation Statement and related materials to beneficial owners of Notes. Requests for documents may be directed to the Depositary and Information Agent at: +1 (855) 654 2015 or [email protected]. Questions about the Tender Offers and the Consent Solicitations may be directed to J.P. Morgan Securities LLC at (866) 834-4466 or (212) 834-3424.
This press release is for informational purposes only. The Tender Offers and the Consent Solicitations are being made solely by the Offer to Purchase and Consent Solicitation Statement. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which, or to any persons to whom, such offering, solicitation or sale would be unlawful. The Tender Offers and the Consent Solicitations are not being made to Holders of Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. In any jurisdiction in which the securities laws or blue sky laws require the Tender Offers or the Consent Solicitations to be made by a licensed broker or dealer, the Tender Offers and the Consent Solicitations will be deemed to be made on behalf of the Offeror by the Dealer Manager, or one or more registered brokers or dealers that are licensed under the laws of such jurisdiction.
None of the Offeror, the Company, the Trustee, the Depositary and Information Agent, the Dealer Manager or any of their respective affiliates makes any recommendation as to whether Holders should tender or refrain from tendering their Notes, and no person or entity has been authorized by any of them to make such a recommendation. Holders must make their own decision as to whether to tender Notes and, if so, the principal amount of the Notes to tender.
Forward-Looking Statements
This press release contains or incorporates by reference certain "forward-looking statements" within the meaning of the federal securities laws. All statements other than statements of historical facts are forward-looking statements. In many cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expect," "plan," "anticipate," "could," "intend," "target," "project," "contemplate," "believe," "estimate," "predict," "potential" or "continue" or other similar words. These forward-looking statements are only predictions. These statements relate to future events and involve known and unknown risks, uncertainties and other important factors that may cause the actual outcomes to materially differ from those expressed or implied by these forward-looking statements. New factors could emerge from time to time and it is not possible for us to predict all such factors. Because forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified, you should not rely on these forward-looking statements as guarantees of future events. These forward-looking statements speak only as of the date made and are not guarantees of future performance of results, including the closing of the Merger and successful completion of the Tender Offers and the Consent Solicitations. The Offeror expressly disclaims any obligation or undertaking to release any updates or revisions to any forward-looking statement contained or incorporated by reference herein to reflect any change in expectations with regard thereto or any change of events, conditions or circumstances on which any such statement was based, except as required by law.
Note: The following is an excerpt from this week’s Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>
Here are the key points:
The big banks have kicked off the Q2 earnings season with remarkable momentum. Both earnings and revenue growth rates—along with the percentage of companies beating expectations—are tracking significantly higher than in recent quarters. While we are still in the opening stages of the Q2 reporting cycle, these early results strongly reinforce the robust corporate earnings trend we've been seeing.For the 34 S&P 500 companies that have reported Q2 results already, total earnings are up +55.3% from the same period last year on +18.8% higher revenues, with 91.2% beating EPS estimates and 82.4% beating revenue estimates.The Q2 earnings and revenue growth rates have been boosted by Micron’s ((MU - Free Report) ) very strong quarterly results, but the earnings and revenue growth rates would still compare favorably with other recent periods when we exclude Micron from these results. Excluding Micron, Q2 earnings for the remaining 33 index members that have reported Q2 results would be up +21.5% (vs. +55.3% otherwise) on +12.5% higher revenues (vs. +18.8% otherwise). For the Finance sector, we now have Q2 results from 36.6% of the sector’s market capitalization in the S&P 500 index. Total earnings for these Finance companies are up +30.2% from the same period last year on +20.4% higher revenues, with all the companies beating EPS estimates and 90.9% beating revenue estimates. This is a notably better performance from these Finance companies relative to what we have seen from the group in other recent periods.Banks Kick off the Q2 Earnings Season in StyleThe big banks and brokers kicked off the Q2 reporting cycle in style, comfortably beating consensus EPS and revenue estimates and providing reassuring reads on underlying trends in their businesses. JPMorgan’s (JPM - Free Report) Q2 earnings increased +21.7% from the same period last year on +27.7% higher revenues, while those for Bank of America (BAC - Free Report) , Citigroup (C - Free Report) , and Wells Fargo (WFC - Free Report) increased +27.5%, +45.1%, and +18.4%, respectively.
Bank stocks in general and these four stocks in particular have enjoyed a decent but otherwise unspectacular run this year, as some of the earlier geopolitical risk factors have eased lately. Banks are cyclical businesses, so any real or perceived reduction in economic risk is positive for their outlook.
The chart below shows the year-to-date performance of JPMorgan, Bank of America, Citigroup and Wells Fargo shares relative to the S&P 500 index and the Zacks Finance sector.
Image Source: Zacks Investment Research
Boosted by the strong results from these banks, total Q2 earnings for the Zacks Investment Banks/Managers industry, of which JPMorgan, Bank of America, Citigroup and Wells Fargo are a part, are expected to increase by +32.1% from the same period last year on +12.1% higher revenues, as the table below shows.
Image Source: Zacks Investment Research
For the Finance sector as a whole, Q2 earnings are expected to increase by +22.2% on +11.7% higher revenues, following the sector’s +25.6% earnings growth on +9.8% higher revenues in the preceding period. The chart below shows the earnings and revenue growth picture for the Zacks Finance sector on a quarterly basis.
Image Source: Zacks Investment Research
The chart below shows the sector’s earnings growth picture on an annual basis.
Image Source: Zacks Investment Research
The Finance sector is the second largest earnings contributor to the S&P 500 index, behind only the Tech sector, accounting for 16.4% of the index’s expected forward 12-month earnings.
The Earnings Big PictureThe chart below shows S&P 500 expectations for 2026 Q2 in terms of what was achieved in the preceding four periods and what is currently expected for the following three quarters.
Image Source: Zacks Investment Research
The chart below shows the overall earnings picture for the S&P 500 index on an annual basis.
Image Source: Zacks Investment Research
As with estimates for Q2, estimates for full-year 2026 have also been steadily going up, particularly since the start of March. The chart below shows the evolution of aggregate S&P 500 earnings estimates since last July.
Image Source: Zacks Investment Research
Full-year 2026 earnings estimates have increased for 11 of the 16 Zacks sectors since the start of March, with the most pronounced gains at the Energy, Basic Materials, Tech, Industrials, Utilities, and Business Services sectors. On the negative side, estimates have been under pressure for the Transportation, Autos, Medical, and Consumer Discretionary sectors since the start of March. History suggests that these favorable revisions will get a boost from the Q2 earnings season and updated management guidance.
New York, New York--(Newsfile Corp. - July 15, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of Class A or Class C common stock of Zillow Group, Inc. (NASDAQ: ZG) (NASDAQ: Z) between February 11, 2025 and May 7, 2026, both dates inclusive (the "Class Period"), of the important August 10, 2026 lead plaintiff deadline in the securities class action first filed by the Firm.
SO WHAT: If you purchased Zillow common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Zillow class action, go to https://rosenlegal.com/cases/zillow-group-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 10, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made materially false and/or misleading statements and/or failed to disclose that: (1) Zillow's agreement with Redfin Corporation was not a "partnership," but rather an acquisition of Redfin's business; (2) as a result of the Redfin Agreement, Zillow faced a materially heightened risk of regulatory scrutiny and liability under federal antitrust laws; (3) upon the filing of an antitrust lawsuit, Zillow continued to downplay its legal exposure; and (4) as a result, defendants' statements about Zillow's business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Zillow class action, go to https://rosenlegal.com/cases/zillow-group-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.
Attorney Advertising. Prior results do not guarantee a similar outcome.
-------------------------------
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/305378
Source: The Rosen Law Firm PA
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Michael Brandmeyer, co-CIO of Goldman Sachs (NYSE: GS | GS Price Prediction) Asset Management’s External Investing Group and co-host of the firm’s Exchanges podcast, offered a striking framing for how investors should think about the next generation of the space economy on the recent episode “The Growth of the Space Industry.”
His central prediction: “I think by 2050, the biggest companies operating in space won’t be space companies. I think space is going to be fundamental to almost every business.” He drew the analogy directly to how the web became infrastructure. “It’s very similar to what happened with the internet in the early 2000s. You had internet companies, and now the internet is fundamental to every company. I think that’s what we’ll see by 2050.”
The Internet Parallel Matters for Portfolio Construction If Brandmeyer is right, the largest beneficiaries of orbital infrastructure a quarter-century from now will look more like today’s cloud, logistics, pharmaceutical, and industrial giants using space as a utility than like pure-play rocket builders. That aligns with how the current investment theme catalog is structured across drones and autonomous vehicles, robotics, rare earths, quantum, and neocloud AI infrastructure. All of which already feed the satellite and launch supply chain rather than a single “space” bucket.
What the Near-Term Roadmap Actually Looks Like A guest on the episode laid out concrete milestones. New commercial space station modules are expected in “the next couple of years”, with early use cases spanning pharmaceutical research, GPU testing, and zero-gravity manufacturing. A lunar base sits “a decade plus off,” and a crewed Mars landing lands in the “2050 sort of scenario.” The guest was candid about timing: “In space, things do take a long time.”
Brandmeyer echoed the Mars milestone as a personal aspiration: “I hope we land people on Mars. I think that would be incredible for humanity to see that during our lifetimes.” For investors, the more actionable takeaway is the guest’s admission that patience is the price of admission to the theme.
AI Is Already the Foundational Layer The most investable near-term theme raised on the episode is the marriage of AI and satellite data.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Goldman Sachs didn't make the cut. Grab the names FREE today.
Brandmeyer highlighted that satellites are now “digesting that, analyzing that, and making decision-making on Earth a lot faster,” a workflow driven by autonomous edge computing on-orbit rather than by beaming raw pixels back to ground stations.
That connects directly to Goldman Sachs Asset Management’s own 2026 outlook. All of which frames AI as one of the defining catalysts shaping public and private market opportunities. It also openly asks whether AI-fueled growth can continue to compensate for weaker parts of the economy. Space is one of the cleanest expressions of that AI capex spillover.
What to Watch Next The practical implication for investors is to widen the aperture. Companies gaining exposure to orbit through communications backhaul, geospatial analytics for insurance and agriculture, in-space pharmaceutical partnerships, and defense-adjacent aerospace innovation may capture more of the value than the launch operators themselves. Recent aerospace M&A supports the pattern: RTX‘s (NYSE: RTX) Pratt & Whitney unit acquired Aiir Innovations to bring AI-assisted borescope software to commercial, civil, and military engine inspections, an example of AI reshaping the aerospace value chain from the maintenance end.
Readers can find the full Brandmeyer conversation on Goldman Sachs’ Exchanges podcast page. Three signals to keep an eye on. First, how quickly the commercial share of global space spending expands. Second, how many non-space corporations sign multi-year satellite data or in-orbit R&D contracts? And three, how AI pipelines built for terrestrial data centers get retooled for onboard satellite compute. If the internet analogy holds, the 2050 leaderboard is being drafted right now, and most of the names on it will come from industries that use orbit as plumbing.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Goldman Sachs didn't make the cut. Grab the names FREE today.
While artificial intelligence (AI) infrastructure stocks have helped lead the market higher over the past few years, more recently, these stocks have come under pressure. There is some fear of an eventual slowdown in the data center build-out, but this does look more like a typical market breather after a nice run.
Three of my favorite semiconductor stocks to buy on this sell-off are Nvidia (NVDA +0.29%), Advanced Micro Devices (AMD 3.40%), and Broadcom (AVGO +1.28%). All three still have huge growth opportunities in front of them, and spending on AI data centers should remain strong for many years.
Image source: The Motley Fool.
Nvidia The pullback in Nvidia's stock has taken its valuation down to a forward price-to-earnings ratio (P/E) of 16 times analysts' estimates for its fiscal 2028 (which ends in January 2028). That makes it one of the best bargains in the chip space. Given the moat its CUDA software platform has established, the company is set to continue dominating the market for AI model training, as most foundational AI code was written on CUDA and optimized for its graphics processing units (GPUs).
Today's Change
(
0.29
%) $
0.61
Current Price
$
212.41
And while the use of data center processing power is shifting toward more inference and agentic AI workloads, the company is also well positioned here. Nvidia has transformed itself from a simple GPU maker into a complete AI infrastructure player, offering end-to-end servers designed for specific AI tasks. Its acquisition of Groq gave it chips designed specifically for inference, which it has incorporated into its CUDA ecosystem. Meanwhile, its networking portfolio has become the fastest-growing part of its business.
With strong growth still ahead, Nvidia remains a top stock to own, and a good buy at its discounted valuation.
AMD Advanced Micro Devices is currently riding two of the hottest trends in AI: inference and agentic AI. The company's chip offerings make it much better positioned to take a larger slice of the AI inference pie, and it already has large GPU deals in place with OpenAI and Meta Platforms.
Today's Change
(
-3.40
%) $
-18.61
Current Price
$
529.52
Inference is much more about fast memory access than raw compute power, and this is where AMD has focused its efforts. Its chiplet design allows its GPUs to be packaged with more memory, while its recent acquisition of memory optimization platform MEXT will allow it to virtually expand memory capacity without sacrificing performance, helping customers reduce costs.
At the same time, the company is set to ride a powerful wave in agentic AI. While other types of AI workloads have largely needed GPUs to provide their processing power, agentic AI workflows require more participation from central processing units (CPUs).
AMD has long been a leader in data center CPUs, and as AI agents proliferate, the need for CPUs is expected to grow rapidly. In fact, the GPU-to-CPU ratio in new data centers is expected to shrink from 8 to 1 for training to 1 to 1 for agentic AI. AMD has projected that the data center CPU market will double in size to $120 billion by 2030. It is already developing CPUs specifically for agentic AI.
With huge revenue growth ahead of it, AMD is a top stock to buy after its sell-off.
Broadcom Broadcom has been one of the biggest beneficiaries of the trend among hyperscalers to deploy custom AI accelerators to help save costs. It helped Alphabet develop its Tensor Processing Units (TPUs), and with the search giant set to spend up to $190 billion on AI infrastructure this year, Broadcom is set to see rapid growth. Adding to that, Alphabet has agreed to sell Anthropic $21 billion worth of TPUs.
Today's Change
(
1.28
%) $
4.99
Current Price
$
394.10
The success of TPUs led other hyperscalers to turn to Broadcom for help in developing custom AI chips. It expects this to grow into a more than $100 billion business in its fiscal 2027, while Citigroup has projected that Broadcom's AI revenue could rise to $180 billion in its fiscal 2028. The company also has a fast-growing data center networking business, and after signing a $30 billion deal with Apple (AAPL +3.95%), its non-AI chip business also looks set for a turnaround.
The stock is trading at a forward P/E of just 20 times fiscal 2027 estimates. Given its potential explosive growth, that's too cheap, and makes it an attractive buy.
Citigroup is an advertising partner of Motley Fool Money. Geoffrey Seiler has positions in Advanced Micro Devices, Alphabet, Broadcom, and Meta Platforms. The Motley Fool has positions in and recommends Advanced Micro Devices, Alphabet, Apple, Broadcom, Meta Platforms, and Nvidia. The Motley Fool has a disclosure policy.
New York, New York--(Newsfile Corp. - July 15, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Zoetis Inc. (NYSE: ZTS) between January 14, 2025 and May 6, 2026, inclusive (the "Class Period"), of the important July 27, 2026 lead plaintiff deadline.
SO WHAT: If you purchased Zoetis securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Zoetis class action, go to https://rosenlegal.com/cases/zoetis-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 27, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and touted growing market share, strong veterinarian adoption, and accelerating sales growth across Zoetis' flagship Companion Animal products and/or failed to disclose that: (1) veterinarian prescription growth and adoption of Zoetis' Librela, a canine pain treatment, were sharply weakening as clinicians became more cautious following FDA safety warnings concerning serious neurological complications in dogs; (2) Zoetis' Simparica Trio was losing significant market share to a lower priced competing canine parasiticide with broader indicated use in a slowing overall market; and (3) Zoetis' dermatology products, Apoquel and Cytopoint, were losing substantial market share to a newly launched competing canine treatment. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Zoetis class action, go to https://rosenlegal.com/cases/zoetis-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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Attorney Advertising. Prior results do not guarantee a similar outcome.
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Source: The Rosen Law Firm PA
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