, /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Commvault Systems, Inc. ("Commvault" or "the Company") (NASDAQ: CVLT) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's securities between April 29, 2025 and January 26, 2026, inclusive (the "Class Period"), are encouraged to contact the firm before July 17, 2026.
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 class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Commvault shared overwhelmingly positive statements about its ARR growth while knowing or recklessly disregarding the fact that its growth guidance failed to factor in important variables including the type of sale. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Commvault, investors suffered damages.
Join the case to recover your losses
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.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
[email protected]
Without power and dependable access to electricity, there is no artificial intelligence (AI) revolution. A 2024 report by the International Energy Agency (IEA) indicates that data centers accounted for 1.5% of global electricity consumption that year.
Data points like those are among the reasons why some investors are turning to utility stocks as non-tech AI plays. It's a logical line of thinking but not risk-free.
Grid enhancements take time. Likewise, it can take five or more years for utilities to add new transmission lines for data centers. That doesn't jibe with hyperscalers' "let's get started now" views.
Data centers' massive power demand may spell opportunity with this stock. Image source: Getty Images.
Bloom Energy (BE +0.58%) solves that issue by bringing power straight to data centers' doorsteps. Bloom's status as the leader in on-site power delivery explains why the industrial stock quadrupled in just six months. Let's see if more is in store for this high-flying stock.
A bright outlook for Bloom It's worth taking with a grain of salt because Bloom itself published the report, but the company's research finds that 61% of data center developers will bring their own power if local grids aren't up to the task of meeting demand. For hyperscalers to BTOP (bring their own power), they need to engage companies with on-site delivery expertise, including Bloom.
Put simply, access to power is the biggest hurdle to data center growth. As noted, hyperscalers allocating billions of dollars to data center development don't have the luxury of time. They have to justify those big expenditures to analysts and investors, many of whom focus on near-term implications rather than long-term results. Translation: Bloom fills an important void.
Perhaps adding to the allure of Bloom's leadership in what's also known as behind-the-meter (BTM) power generation is the fact that this form of power delivery isn't a one-hit wonder. Some experts believe on-site power increases flexibility and is likely to play a vital role in future efforts to shore up energy grids.
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Said another way, Bloom is viewed primarily as an AI data center power stock today, but the leopard may change its spots in the future.
Is Bloom a buy? It depends. Amid a 1,327.4% gain over the past year, there are concerns that Bloom has run too far, too fast. A move like that may give some market participants pause. Throw in the facts that the shares trade at 30x sales and 230x forward earnings, and some investors may be apt to stay on the sidelines.
Consider these points. First, valuation alone isn't a reason to buy or sell a stock. Second, growth stocks like Bloom don't always offer investors pullbacks that appear deep enough to buy. It's either buy on a modest dip or when the stock is moving up.
Third, history confirms that all-time highs don't lead to substantial sell-offs. They often lead to more record highs.
Decision time Bloom stock isn't cheap, but the company is a leader in addressing a major AI constraint. Investors viewing the stock through a long-term lens may want to consider a small position or risk paying a higher price for that privilege in the near future.
Announces Finance Control Console Preview to Provide Centralized, Human-in-the-Loop AI Governance and Unified Observability June 25, 2026 03:00 ET | Source: BlackLine, Inc.
LOS ANGELES, June 25, 2026 (GLOBE NEWSWIRE) -- BlackLine, Inc. (Nasdaq: BL) today announced new governance and observability capabilities within its Agentic Financial Operations Platform™, further advancing the trust infrastructure finance organizations need to deploy, govern, and scale AI across the Office of the CFO.
As finance teams transition from deploying a handful of AI agents to managing potentially hundreds of thousands across BlackLine, partner, customer-developed, and third-party applications, the challenge shifts from automation to governance and control. The Finance Control Console™ provides a centralized layer and command center designed for safeguarding and monitoring agentic activities at scale, enforcing policies, managing risk, and maintaining accountability across this increasingly complex ecosystem. To meet the non-negotiable compliance and reporting demands of the Office of the CFO, the Console delivers the deep transparency and auditability that finance teams require.
The Mandate for AI Integrity
As AI adoption accelerates, finance leaders face a clear mandate: unlock the productivity of AI without compromising financial integrity. Every AI-driven action affecting the financial record must be traceable, explainable, and compliant with established controls. To safely integrate AI into core operations, CFOs must solve for deep operational context, continuous governance, and auditor trust.
By providing the governance, accountability, and transparency required to put AI to work safely, BlackLine’s expanded Agentic Financial Operations Platform enables organizations to accelerate AI adoption with confidence while maintaining control over every action and outcome.
"We believe the next era of finance will be powered by AI, but governed by finance," said Owen Ryan, Chief Executive Officer of BlackLine. "CFOs cannot and will not delegate their financial accountability to ungoverned, black-box AI models. Organizations that successfully scale AI will be those that combine intelligent automation with uncompromised accountability and control. By establishing this trust infrastructure, BlackLine is delivering the independent control layer that enables finance teams to safely put AI to work, govern every action, and maintain confidence in every outcome."
The Foundation for Trusted Agentic Financial Operations
The BlackLine Agentic Financial Operations Platform™, powered by Studio360 and Verity™ AI, provides the operational foundation required to safely deploy and govern AI across the Office of the CFO. The platform is built on two foundational layers:
System-Agnostic Data Layer Connects structured and unstructured financial data, workflows, policies, controls, and operational context across enterprise systems. By combining financial intelligence with business context, the platform provides the foundation AI needs to operate accurately within complex finance environments.Financial Operating System - Orchestrates financial workflows, AI agents, and composable services within finance-defined controls, policies, and governance frameworks. This enables organizations to automate increasingly complex financial processes while operating within the deterministic guardrails established by finance leadership. Together, these capabilities provide the operational foundation required to safely deploy AI across the Office of the CFO.
Finance Control Console: The Command Center for Finance-Led AI
At the center of BlackLine's expanded platform is the Finance Control Console, providing finance leaders with the visibility, governance, and oversight required to manage AI-powered financial operations at scale.
To support rigorous compliance, audit, and governance requirements, the solution provides:
Real-time visibility into AI-driven financial operationsCentralized governance and policy managementEnd-to-end audit trails of automated actionsExplainable decision records that support compliance and audit requirementsHuman-in-the-loop risk monitoring and exception managementOversight of BlackLine-native, partner, customer-developed, and third-party AI agents Built on open standards, the interoperable Finance Control Console enables organizations to govern AI activity consistently across their finance technology ecosystem. For CFOs, the Finance Control Console serves as a centralized command center for governing AI-powered financial operations. By enforcing policies and maintaining audit-ready records, the solution accelerates AI adoption while preserving the accountability required to protect the integrity of the financial record.
"The challenge facing CFOs is no longer whether AI can perform financial work. It's whether AI can be trusted to perform financial work within the governance standards finance requires," said Jeremy Ung, Chief Technology Officer at BlackLine. "Built on 25 years of financial process expertise and trusted by more than 4,300 customers worldwide, BlackLine combines AI, automation, embedded controls, and governance in a purpose-built platform for the Office of the CFO. This enables finance organizations to move faster without sacrificing trust, compliance, or accountability."
Launching the Finance Control Console Preview Program
BlackLine today announced its Finance Control Console Preview Program, giving enterprise customers and strategic partners the opportunity to help shape the future of AI governance in finance.
Participants will gain early access to Finance Control Console capabilities, collaborate on governance frameworks, and help establish emerging best practices for Agentic Financial Operations.
To learn more about BlackLine’s Agentic Financial Operations Platform™, visit BlackLine.com.
About BlackLine
BlackLine (Nasdaq: BL) is the trust infrastructure for the AI era of finance: a future where finance drives the agentic era with intelligence, integrity, and trust rising together. The BlackLine Agentic Financial Operations Platform™, powered by Studio360 and Verity™ AI, is where the Office of the CFO scales AI across Record-to-Report, Invoice-to-Cash, and every process where finance owns the controls and guarantees its integrity at every step.
By unifying data, embedding AI, and engineering trust into every action, BlackLine moves finance and accounting beyond reporting on the business to orchestrating it in real time.
Supported by industry-leading R&D investment and world-class security practices, more than 4,300 customers across multiple industries partner with BlackLine to lead their organizations into the future. Now finance drives. For more information, visit blackline.com.
, /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Graphic Packaging Holding Company ("Graphic Packaging" or "the Company") (NYSE: GPK) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's securities between February 4, 2025 and February 2, 2026, inclusive (the "Class Period"), are encouraged to contact the firm before July 6, 2026.
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 class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Graphic Packaging suffered from inventory management problems, increased costs and reduced demand. The Company downplayed the severity of these issues despite the fact they would have a material impact on its financial performance. The Company overstated the strength of its business model. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Graphic Packaging, investors suffered damages.
Join the case to recover your losses
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.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
[email protected]
, /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against Graphic Packaging Holding Company ("Graphic Packaging" or "the Company") (NYSE: GPK) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Shareholders who purchased shares of GPK during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.
CLASS PERIOD: February 4, 2025 to February 2, 2026
DEADLINE: July 6, 2026
CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. Graphic Packaging downplayed the severity of reduced demand, higher costs, and inventory management struggles. Based on these facts, Graphic Packaging's public statements were false and materially misleading throughout the class period.
If you are a shareholder who suffered a loss, contact us to participate.
WHY DJS LAW GROUP? DJS Law Group's primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.
Join the case to recover your losses.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
David J. Schwartz
DJS Law Group
274 White Plains Road, Suite 1
Eastchester, NY 10709
Phone: 914-206-9742
Email: [email protected]
MSC Industrial Direct Co., Inc. (NYSE:MSM) will release earnings for its third quarter before the opening bell on Wednesday, July 1.
Analysts expect the Melville, New York-based company to report quarterly earnings of $1.26 per share, up from $1.08 per share in the year-ago period. The consensus estimate for MSC Industrial Direct’s quarterly revenue is $1.03 billion. It reported $971.14 million last year, according to Benzinga Pro.
On Tuesday, MSC Industrial declared a cash dividend of 87 cents per share.
Shares of MSC Industrial Direct rose 0.3% to close at $116.55 on Wednesday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
Considering buying MSM stock? Here’s what analysts think:
Photo via Shutterstock
Market News and Data brought to you by Benzinga APIs
, /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against FS KKR Capital Corp. ("FSK " or "the Company") (NYSE: FSK ) violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Shareholders who purchased shares of FSK during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.
CLASS PERIOD: May 8, 2024 to February 25, 2026
DEADLINE: July 3, 2026
CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. FSK overvalued its portfolio and misled the market about its portfolio valuation process. The Company downplayed weakness in its quarterly dividend program. Based on these facts, FSK's public statements were false and materially misleading throughout the class period.
If you are a shareholder who suffered a loss, contact us to participate.
WHY DJS LAW GROUP? DJS Law Group's primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.
Join the case to recover your losses.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
ST. PAUL, Minn.--(BUSINESS WIRE)--H.B. Fuller Company (“H.B. Fuller” or “the Company”) (NYSE: FUL), the world's largest pureplay adhesives company, today announced it has made a recommended cash offer to acquire Advanced Medical Solutions Group plc (“AMS”) (LSE:AMS). “This transaction is a rare opportunity to advance the evolution of our portfolio.” said Celeste Mastin, President and CEO of H.B. Fuller. “We have long been clear that medical is a core strategic growth market for H.B. Fuller give.
CompaniesJune 25 (Reuters) - U.S.-based adhesives maker H.B. Fuller (FUL.N), opens new tab will buy Advanced Medical Solutions Group (AMSU.L), opens new tab in a cash deal that values the British medical supplier at about £715 million ($942.1 million) including debt, the companies said on Thursday.
The British company's shares rose 15.8% to 278 pence, the highest level since February 2023.
Keep up with the latest medical breakthroughs and healthcare trends with the Reuters Health Rounds newsletter. Sign up here.
Here are some details:
H.B. Fuller to pay Winsford-based company shareholders 285 pence per share, a 35% premium to its May 20 closing price, the day before the offer period began.
Deal expected to close by end of 2026.
H.B. Fuller expects the deal to generate about $55 million in annual run-rate synergies by 2031.
Deal marks the latest overseas takeover of a London-listed company amid relatively low UK valuations.
Ends a long stretch of private equity interest in AMS, including TA Associates, which walked away in May without bidding, as well as reported interest from Bridgepoint.
"As part of the combined larger medical adhesives platform, AMS and H.B. Fuller will benefit from enhanced commercial, manufacturing and distribution capabilities, which should accelerate the delivery of our strategy and broaden our offering to patients in the US, Europe and beyond," Grahame Cook, Chair of AMS, said.
AMS board has unanimously recommended the deal to its shareholders.
As of last close, AMS shares have risen 16% since H.B. Fuller launched its unsolicited bid on May 20.
In May, activist Ancora urged the Minnesota-based H.B. Fuller to abandon its "irresponsible" pursuit of AMS and conduct a strategic review.
Ancora did not immediately offer a response for Reuters' request for comment on the deal. ($1 = 0.7590 pounds)
Reporting by Nithyashree R B in Bengaluru; Editing by Subhranshu Sahu and Harikrishnan Nair
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Honeywell International (HON +2.22%) is spinning off Honeywell Aerospace on June 29 as the final phase of breaking up its conglomerate structure to accelerate growth. In May, I predicted that Honeywell's spin-off would trigger a shake-up of the Dow Jones Industrial Average (^DJI +0.35%) that would open the perfect window for Alphabet (GOOG 0.36%) (GOOGL 0.33%) to join the index.
The prediction came true on June 23, when S&P Dow Jones Indices announced that while the streamlined Honeywell Technologies would remain in the Dow, Alphabet would replace Verizon Communications (VZ 2.25%) before the start of trading on June 29.
Here's what the news means for the Dow and for Alphabet investors.
Image source: Alphabet.
Alphabet has been knocking on the Dow's door for years The Dow turned 130 years old earlier this year. Throughout its history, the index has been weighted by price, meaning the cost of a single share of a company's stock. This is in contrast with the Nasdaq Composite (^IXIC 0.43%) and the S&P 500 (^GSPC 0.10%), which are weighted by a company's market cap.
There are plenty of S&P 500 companies that have been terrible investments for years, or even decades, that have remained in the index simply because they have stayed above the index's market-cap threshold. But the Dow, with just 30 components roughly representing stock market leadership, is much more selective. And if a former industry leader underperforms for too long, it stands a good chance of getting booted from the index.
This is exactly what happened to Verizon. To quote the June 23 press release by S&P Dow Jones indexes: "Verizon represents only one-half of one percentage point of the DJIA due to its lower share price. The Dow Jones Industrial Average is a price weighted index, and thus persistently lower-priced stocks have an immaterial impact on the index." In sum, Verizon had become so small -- its stock was trading around $45 as of June 24 -- that moves in its stock price had a negligible impact on the Dow, which isn't the index's purpose.
Alphabet used to have the opposite problem -- as of July 2022, its share price had soared over $2,200. But a 20-for-1 stock split that summer set the stage for the company to become a top prospect in the Dow pipeline. Alphabet is up big since its split, but it is still within the bounds of an acceptable addition. At the time of this writing, Alphabet's share price of $346.13 would make it the Dow's sixth-largest component, just behind Amgen and ahead of American Express, with a 4.1% weighting in the index.
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Alphabet checks all the boxes for a stock to buy now Although Alphabet is a tech-focused company, it is technically in the communications sector, which is why replacing fellow communications stock Verizon made perfect sense. However, the Dow has become significantly more tech-focused in recent years. Microsoft, Apple, International Business Machines, Nvidia, Salesforce, and Cisco Systems account for 15.3% of the Dow. Throw in Amazon (consumer discretionary sector) and Alphabet (assuming a 4.1% weighing), and that's 22.2% of the Dow.
Alphabet was long overdue for inclusion in the Dow. It is the third-most-valuable company in the world, behind Nvidia and Apple. It dominates internet services with Google Search. YouTube alone generated $9.9 billion in revenue in Alphabet's first quarter of 2026. For context, Netflix did $12.3 billion -- meaning YouTube could surpass Netflix in revenue in the coming years.
Google Cloud is the third-largest global cloud infrastructure provider, behind Amazon Web Services and Microsoft Azure. But Alphabet also has a leading large language model with Gemini. And Alphabet is ahead of Amazon and Microsoft in artificial intelligence chip production, rolling out its eight-generation Tensor Processing Unit chips (one for AI training and one for AI inference) earlier this year. Alphabet also owns Android, makes the Google Pixel and other devices, is a leader in quantum computing, and is involved in self-driving cars through Waymo.
In sum, Alphabet has a unique balance of diversification and high-margin growth, an exceptionally rare combination for a company of its size. Alphabet implemented its first-ever dividend in 2024. Every Dow stock except for Amazon and Boeing pays dividends. And to top it all off, Alphabet trades at 24.3 times earnings estimates for the next 12 months, which is a reasonable premium to the S&P 500's 20.8 forward price-to-earnings ratio considering Alphabet is a much higher-quality company than the typical S&P 500 component.
American Express is an advertising partner of Motley Fool Money. Daniel Foelber has positions in American Express, Netflix, and Nvidia. The Motley Fool has positions in and recommends Alphabet, Amazon, American Express, Amgen, Apple, Boeing, Cisco Systems, Honeywell International, International Business Machines, Microsoft, Netflix, Nvidia, S&P Global, and Salesforce. The Motley Fool recommends Verizon Communications. The Motley Fool has a disclosure policy.
In a letter obtained by The Wall Street Journal, Anthropic alleged that Alibaba and its AI unit conducted “the largest known distillation attack” on the company to date.
Anthropic said Alibaba carried out large-scale distillation attacks against its AI models. Bloomberg/Getty Images Anthropic accused one of China's biggest tech companies of exploiting its advanced AI models.
Anthropic's head of policy, Sarah Heck, said in a letter to South Carolina Sen. Tim Scott and Massachusetts Sen. Elizabeth Warren on June 10 that Alibaba had recently carried out "the largest known distillation attack" on it to date.
Heck wrote in the letter, obtained by Business Insider, that Alibaba-affiliated operators tried to "illicitly extract Claude's capabilities" to train Alibaba's own models, and called for legislation to prevent further attacks.
Between April 22 and June 5, the operators conducted "28.8 million exchanges with Claude through almost 25,000 fraudulent accounts," Heck wrote.
Distillation attacks refer to using advanced AI models to train and improve the capabilities of less advanced models. Alibaba, a Chinese e-commerce behemoth, develops AI models under its Alibaba Cloud umbrella, including its Qwen LLMs.
"These distillation attacks are carried out illicitly, systematically, and at industrial scale to harvest US AI capabilities across frontier labs and repackage them as their own without incurring the training and R&D costs required to train US frontier models," Heck wrote to the senators.
She added that the attacks could help Chinese models reach Claude Mythos Preview-level capabilities sooner. Mythos is one of Anthropic's most advanced LLMs, capable of detecting software vulnerabilities and outperforming humans on cybersecurity tasks.
She asked the senators for more legislation against distillation attacks, such as limiting China's access to advanced US computing infrastructure and penalizing Chinese entities that launch them.
Anthropic's letter to lawmakers comes several weeks after the US government slapped an export control on its latest Fable 5 model, barring foreign individuals from accessing it and citing national security risks.
This is the latest blow to Alibaba, which was also recently added to a Pentagon blacklist — a list of businesses the defense department linked to the Chinese military. On Tuesday, Alibaba sued the US government for this designation.
As of press time on Thursday, Alibaba's share price has dropped more than 4%.
Representatives for Alibaba did not respond to a request for comment from Business Insider.
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Nvidia (NVDA 0.93%) has built an artificial intelligence (AI) empire, offering graphics processing units (GPUs) that power essential tasks like the training of AI models and providing a wide range of related products and services. All of this has sent earnings soaring in recent years -- and the stock price has followed.
Customers flock to Nvidia for these top AI products, and the company has consistently remained No. 1 in the AI chip market. In recent times, Nvidia says it also aims to lead in central processing units (CPUs), a market that's been dominated by Intel and Advanced Micro Devices. This represents a $200 billion opportunity, and Nvidia has said it's on track to accomplish this goal thanks to its first stand-alone CPU, launching later this year.
All of this sounds fantastic, but it's important to remember that Nvidia faces increasing competition from a variety of companies. Will this leader continue to dominate in AI? One number offers a strikingly clear answer.
Image source: Getty Images.
A history of GPU expertise First, let's start with a quick summary of the Nvidia story so far. The company has a long history of GPU expertise, with this chip first serving the gaming market. Nvidia still makes GPUs for gaming, but it has progressively expanded the uses of these high-powered chips over the years. Through the CUDA parallel computing platform, GPUs may be programmed for other needs, and the area of AI has proven to be particularly valuable.
Today, sales of GPUs to data center customers generate the lion's share of Nvidia's revenue. And this doesn't include chips only, but related products such as networking tools, so that Nvidia offers complete AI systems. The company has also designed offerings specifically suited to various industries -- for example, AI platforms that assist healthcare companies with drug discovery.
All of this has helped Nvidia's revenue climb in the double and triple digits in recent years, and it reached a new record of more than $215 billion in the latest fiscal year. In the first quarter of this year, earnings continued to climb, with revenue rising 85% to $81 billion, and net income advancing more than 200% to $58 billion.
So it's not surprising that Nvidia's stock price has also skyrocketed, climbing 900% over five years.
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Nvidia faces competition These points all offer us reason for optimism about the future, but we shouldn't ignore the fact that Nvidia faces growing competition. Fellow chip designers, such as AMD, or new-to-the-market players like Cerebras Systems, aim to take market share. And even some of Nvidia's customers might represent a threat as they're designing their own chips. Amazon is a good example. The company has seen such demand for its own chips that it may even consider creating a separate chip business.
Now, let's consider our question: Will Nvidia continue to dominate in AI as the competition mounts and customers are served with more and more options?
One particular number offers a strikingly clear answer. Almost nine of every 10 systems new to the world's fastest supercomputer list are built on Nvidia, according to the latest rankings. This clearly shows that customers continue to turn to Nvidia -- so even though there is plenty of business for rivals to succeed too, so far this hasn't come even close to threatening Nvidia's leadership position.
The data revealed that Nvidia powers 81% -- or more than 400 -- of the world's top 500 fastest supercomputers. This is an increase of 17 systems from the last report, according to Nvidia. The list is updated twice a year.
Moving forward, Nvidia's new presence in CPUs may help it gain even more ground, as it now offers another key element, particularly in the phase of agentic AI. CPUs are the main chips that help guide AI agents as they take action to handle a problem on behalf of humans.
All of this means that, though Nvidia faces competition, customers still see the value of choosing this leader -- and the company's focus on innovation should keep this going. And that's excellent news for investors who've chosen to buy and hold Nvidia for the long term.
Austin, TX, USA, June 24, 2026 (GLOBE NEWSWIRE) -- Healthcare Foresights has published a new research report titled “Neonatal Intensive Care Respiratory Devices Market Size, Trends and Insights By Device Type (Nebulizers, Continuous Positive Airway Pressure (CPAP) Devices, Ventilators, Inhalers, Apnea Monitors, Others), By End User (Hospitals, Nursing Homes, Specialty Clinics, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2026 – 2035” in its research database.
According to the latest research study, the global Neonatal Intensive Care Respiratory Devices Market size and share was valued at approximately USD 2.1 billion in 2025, is expected to reach USD 2.3 billion in 2026, and is projected to reach around USD 5.7 billion by 2035, with a compound annual growth rate (CAGR) of about 10.5% during the forecast period from 2026 to 2035.
Click Here to Access a Free Sample Report of the Global Neonatal Intensive Care Respiratory Devices Market @ https://www.healthcareforesights.com/request-sample?reportId=1057
Neonatal Intensive Care Respiratory Devices Market Revenue and Trends
The medical devices used in neonatal intensive care respiratory systems are designed to provide breathing assistance to newborns who need support due to immature lung development and existing respiratory disorders. The Neonatal Intensive Care Units (NICUs) make use of these devices to deliver oxygen while they maintain airway pressure and provide ventilation support and control through their ability to administer respiratory medications in a secure environment.
The typical equipment used in this field includes neonatal ventilators, continuous positive airway pressure (CPAP) systems, high-flow nasal cannulae (HFNC), nebulizers, and oxygen delivery systems. The vulnerable newborns who need advanced respiratory care should receive their primary goal of treatment, which aims to enhance oxygen levels while decreasing breathing difficulties and preventing lung damage and increasing their chances of surviving.
Request a Customized Copy of the Neonatal Intensive Care Respiratory Devices Market Report @ https://www.healthcareforesights.com/request-customization?reportId=1057
What are the factors that significantly contribute to the growth of the neonatal intensive care respiratory devices market?
The neonatal intensive care respiratory devices market experiences growth because hospitals develop new neonatal intensive care units which they use to treat high-risk and premature infants. Hospitals are expanding their use of respiratory support technologies because they invest in new NICU beds and advanced neonatal care facilities and modern equipment. The market experiences expansion in emerging economies because these countries focus on providing essential neonatal care services while decreasing infant death rates which drives demand for neonatal respiratory devices.
Additionally, the market expansion results from increasing people's knowledge of neonatal respiratory disorders, which allows medical professionals and parents to recognize these disorders earlier. The combination of improved screening methods and enhanced delivery room and NICU monitoring systems and standardized neonatal care protocols enables medical staff to detect respiratory disorders at their initial stages which creates urgent requirements for respiratory assistance. The use of CPAP and ventilators and oxygen therapy systems becomes more effective when medical staff can diagnose patients earlier because such an approach leads to improved clinical results and increased use of neonatal intensive care respiratory devices.
(A free sample of the Neonatal Intensive Care Respiratory Devices report is available upon request; please contact us for more information.)
Our Free Sample Report Consists of the following:
The updated report for 2026 includes an introduction, an overview, and an in-depth industry analysis.Provide detailed chapter-by-chapter guidance on the Request.Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2026Includes updated tables and figures.The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis Healthcare Foresights (HEALTHCARE FORESIGHTS) Request a Customized Copy of the Neonatal Intensive Care Respiratory Devices Market Report @ https://www.healthcareforesights.com/reports/neonatal-intensive-care-respiratory-devices-market
Segment Insight
By Device Type
The ventilators segment is growing at a significant rate over the projected period. Their primary purpose is to provide treatment for breathing disorders that lead to respiratory failure in premature newborns who are in critical condition. Neonatal ventilators function as essential equipment for advanced NICUs because they deliver controlled mechanical breathing support to infants who cannot breathe independently. Rising preterm birth rates and lung immaturity in affected infants have created an increasing need for both invasive and non-invasive ventilatory support methods.
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Key questions answered in this report:
What is the size of the Neonatal Intensive Care Respiratory Devices market, and what is its expected growth rate?What are the primary driving factors that push the Neonatal Intensive Care Respiratory Devices market forward?What are the Neonatal Intensive Care Respiratory Devices Industry's top companies?What are the different categories that the Neonatal Intensive Care Respiratory Devices Market caters to?What will be the fastest-growing segment or region?In the value chain, what role do key players play?What is the procedure for getting a free copy of the Neonatal Intensive Care Respiratory Devices market sample report and company profiles? Buy Now the Neonatal Intensive Care Respiratory Devices Market Report @ https://www.healthcareforesights.com/checkout/1057
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Market Share, Size & Forecast by Revenue | 2026−2035Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading TrendsMarket Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regionsCompetitive Landscape – Top Key Vendors and Other Prominent Vendors Buy this Premium Neonatal Intensive Care Respiratory Devices Research Report | Fast Delivery Available - [220+ Pages] @ https://www.healthcareforesights.com/reports/neonatal-intensive-care-respiratory-devices-market
Regional Insights
North America held the highest market share in 2025. The region is experiencing increased adoption of devices due to government and private financial support for neonatal care, as well as widespread public awareness of neonatal respiratory disorders.
Besides, the Asia Pacific market has the highest growth rate in the neonatal intensive care respiratory devices market. The regional market shows both increased product adoption and revenue growth because clinicians and caregivers now better understand neonatal care best practices, which leads to higher usage of advanced neonatal respiratory technologies.
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Report Scope
Feature of the ReportDetailsMarket Size in 2026USD 2.3 billionProjected Market Size in 2035USD 5.7 billionMarket Size in 2025USD 2.1 billionCAGR Growth Rate10.5% CAGRBase Year2025Forecast Period2026-2035Key SegmentBy Device Type, End User and RegionReport CoverageRevenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent TrendsRegional ScopeNorth America, Europe, Asia Pacific, Middle East & Africa, and South & Central AmericaBuying OptionsRequest tailored purchasing options to fulfil your requirements for research. Recent Developments
In January 2026, mOm Incubators has received U.S. Food and Drug Administration (FDA) 510(k) clearance for its mOm Essential incubator, which functions as the first portable incubator that delivers thermoregulation for premature infants. The mOm Essential Incubator’s design allows use in a variety of settings and keeps mother and baby together. The company will work with healthcare providers to deploy the incubators across various labor and delivery environments throughout the United States, which will result in faster access to neonatal medical treatment. (Source: https://www.mpo-mag.com/breaking-news/fda-oks-mom-essential-incubator-for-premature-babies/) Click Here to Access a Free Sample Report of the Global Neonatal Intensive Care Respiratory Devices Market @ https://www.healthcareforesights.com/reports/neonatal-intensive-care-respiratory-devices-market
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Comprehensive coverageMaximum number of market tables and figuresThe subscription-based option is offered.Best price guaranteeFree 35% or 60 hours of customization.Free post-sale service assistance.25% discount on your next purchase.Service guarantees are available.A personalized market brief by the author. Browse More Related Reports:
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Top Players in the Neonatal Intensive Care Respiratory Devices Market and Their Offerings
Inspiration Healthcare Group PLCGE HealthcareCardinal Health Inc.Drägerwerk AG & Co. KGaAFisher & Paykel Healthcare LimitedBDGetinge ABHamilton Medical AGAmbu A/SMasimo CorporationMedtronic plcPhilipsResMed Inc.Smiths Group plcVyaire Medical Inc.Others The Neonatal Intensive Care Respiratory Devices Market is segmented as follows:
By Device Type
NebulizersContinuous Positive Airway Pressure (CPAP) DevicesVentilatorsInhalersApnea MonitorsOthers By End User
HospitalsNursing HomesSpecialty ClinicsOthers Click Here to Get a Free Sample Report of the Global Neonatal Intensive Care Respiratory Devices Market @ https://www.healthcareforesights.com/reports/neonatal-intensive-care-respiratory-devices-market
Regional Coverage:
North America
U.S.CanadaMexicoRest of North America Europe
GermanyFranceU.K.RussiaItalySpainNetherlandsRest of Europe Asia Pacific
ChinaJapanIndiaNew ZealandAustraliaSouth KoreaTaiwanRest of Asia Pacific The Middle East & Africa
Saudi ArabiaUAEEgyptKuwaitSouth AfricaRest of the Middle East & Africa Latin America
BrazilArgentinaRest of Latin America This Neonatal Intensive Care Respiratory Devices Market Research/Analysis Report Contains Answers to the following Questions.
Which Trends Are Causing These Developments?Who Are the Global Key Players in This Neonatal Intensive Care Respiratory Devices Market? What are the company profiles, product information, and contact details for these key players?What Was the Global Market Status of the Neonatal Intensive Care Respiratory Devices Market? What Was the Capacity, Production Value, Cost, and PROFIT of the Neonatal Intensive Care Respiratory Devices Market?What Is the Current Market Status of the Neonatal Intensive Care Respiratory Devices Industry? What's the market's competition in this industry, both company-wise and country-wise? What is the market analysis of the Neonatal Intensive Care Respiratory Devices Market, considering applications and types?What Are Projections of the Global Neonatal Intensive Care Respiratory Devices Industry Considering Capacity, Production, and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be the Market Share, Supply, and Consumption? What about imports and exports?What is an analysis of the market chain for neonatal intensive care respiratory devices, including upstream raw materials and downstream industries?What is the economic impact on the Neonatal Intensive Care Respiratory Devices industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?What Are the Market Dynamics of the Neonatal Intensive Care Respiratory Devices Market? What Are Challenges and Opportunities?What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Neonatal Intensive Care Respiratory Devices Industry? Click Here to Access a Free Sample Report of the Global Neonatal Intensive Care Respiratory Devices Market @ https://www.healthcareforesights.com/reports/neonatal-intensive-care-respiratory-devices-market
Reasons to Purchase Neonatal Intensive Care Respiratory Devices Market Report
The Neonatal Intensive Care Respiratory Devices Market Report provides both qualitative and quantitative analysis of the market, using segmentation that includes both economic and non-economic factors.Neonatal Intensive Care Respiratory Devices The Market report outlines market value (USD) data for each segment and sub-segment.This report indicates the region and segment expected to witness the fastest growth and dominate the market.Neonatal Intensive Care Respiratory Devices Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market in each region.The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.Extensive company profiles comprise a company overview, company insights, product benchmarking, and SWOT analysis for the major market players.Recent developments, including growth opportunities and drivers, as well as challenges and restraints in both emerging and developed regions, shape the industry's current and future market outlook.Neonatal Intensive Care Respiratory Devices Market: Includes in-depth market analysis from various perspectives through Porter's five forces analysis and offers an overview of the market through the value chain. Reasons for the Research Report
The study provides a thorough overview of the global Neonatal Intensive Care Respiratory Devices market. Compare your performance to that of the market as a whole. Aim to maintain competitiveness while innovations from established leaders drive market growth. Buy this Premium Neonatal Intensive Care Respiratory Devices Research Report | Fast Delivery Available - [220+ Pages] @ https://www.healthcareforesights.com/reports/neonatal-intensive-care-respiratory-devices-market
What does the report include?
Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Neonatal Intensive Care Respiratory Devices market analysis. The report covers the competitive environment of current and potential participants in the Neonatal Intensive Care Respiratory Devices market, along with their strategic product development ambitions. This study conducts a qualitative and quantitative analysis of the Neonatal Intensive Care Respiratory Devices market based on the component, application, and industry vertical. Additionally, the report provides comparable data for the key regions. The report provides actual market sizes and forecasts for each segment mentioned above. Who should buy this report?
Participants and stakeholders worldwide in the Neonatal Intensive Care Respiratory Devices market should find this report useful. The research will be useful to all market participants in the Neonatal Intensive Care Respiratory Devices industry. Managers in the Neonatal Intensive Care Respiratory Devices sector are interested in publishing up-to-date and projected data about the worldwide Neonatal Intensive Care Respiratory Devices market. Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Neonatal Intensive Care Respiratory Devices products' market trends. Analysts, researchers, educators, strategy managers, and government organizations seek market insights to develop plans. Request a Customized Copy of the Neonatal Intensive Care Respiratory Devices Market Report @ https://www.healthcareforesights.com/reports/neonatal-intensive-care-respiratory-devices-market
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Alphabet Inc (NASDAQ:GOOG) will join the Dow Jones Industrial Average, replacing Verizon Communications Inc (NYSE:VZ, XETRA:BAC), in a reshuffle that further increases the index’s exposure to large-cap technology companies.
S&P Dow Jones Indices said the change will take effect prior to the opening of trading on June 29, 2026. At that time, Alphabet’s Class A shares will be added to the 30-stock index, while Verizon will be removed.
The index provider said the adjustment is part of a broader rebalancing tied in part to corporate actions involving existing constituents. Honeywell International will remain in the DJIA following its planned spin-off of Honeywell Aerospace, which is not expected to be included in the index. The Honeywell parent will continue in the average under a new name, Honeywell Technologies.
S&P Dow Jones Indices noted that Verizon’s relatively low share price means it currently accounts for only a small fraction of the price-weighted index, limiting its influence on overall index movements.
Alphabet’s addition is expected to expand the Dow’s representation of communication services and technology-related industries. The company operates across digital advertising, cloud computing, artificial intelligence, hardware, and other technology-driven segments.
Following the change, Alphabet will join other major technology constituents in the Dow, including Apple, Microsoft, Amazon, and Nvidia, further increasing the sector’s weight within the traditionally industrial-heavy index.
Shares of Alphabet traded up 1% at about $350 on Wednesday morning, while Verizon stock was down 2% at about $46.
Analyst’s Disclosure: I/we have a beneficial long position in the shares of SBUX 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.
RAHWAY, N.J.--(BUSINESS WIRE)--Merck (NYSE: MRK), known as MSD outside of the United States and Canada, today announced that KEYTRUDA® (pembrolizumab), Merck's anti-PD-1 therapy, in combination with Padcev® (enfortumab vedotin-ejfv), an antibody-drug conjugate (ADC), is approved in the European Union (EU), as neoadjuvant treatment and then continued after radical cystectomy (RC) as adjuvant treatment, for adults with resectable muscle-invasive bladder cancer (MIBC) who are ineligible for cispla.
Oracle, Defence Holdings, and Shield Reply collaborate to help emerging defense technology companies bring mission-ready AI, cyber, and operational capabilities to the US and allied nations
, /PRNewswire/ -- At Oracle Defence Tech Summit 2026, Oracle today announced the third cohort of the Oracle Defense Ecosystem, adding 10 defense technology companies delivering mission-critical AI, cyber, secure communications, operational intelligence, autonomous systems, and mission support capabilities for the US and allied nations.
The Oracle Defense Ecosystem connects Oracle's distributed cloud and AI infrastructure with a growing network of emerging defense technology companies, helping national security organizations accelerate innovation by moving from prototype to mission impact faster and more securely.
"Defense organizations cannot afford to wait years for promising technologies to move from prototype to mission use," said Rand Waldron, senior vice president, Oracle. "The Oracle Defense Ecosystem gives emerging defense and dual-use companies a faster path to build with Oracle, deploy on sovereign cloud and AI infrastructure, and reach customers operating in some of the world's most demanding environments. Our third cohort expands this focus on turning innovation into real-world mission impact."
Building on the early momentum of existing cohorts, ecosystem member Whitespace recently deployed Saga, its operational learning capability, on Oracle Roving Edge Devices to support classified workloads for the Royal Navy during Operation HIGHMAST. The deployment enabled commanders to capture and apply critical lessons learned while operating in disrupted, disconnected, intermittent, and limited-connectivity environments, bringing sovereign AI capabilities directly to the mission edge.
10 New Member Companies Joining the Oracle Defense Ecosystem
The third cohort features 10 companies building mission-ready technologies for defense and national security organizations, including:
Chariot Defense: Builds ruggedized power and energy systems for tactical edge missions, including drones, sensors, command systems, and remote operations. HPO Technologies: Develops secure, modular platforms designed to enhance the health, readiness and operational performance of military personnel. Legion Intelligence: Helps defense and national security teams use AI to complete real work across the systems they already use, with human oversight, audit trails, and secure deployment options across cloud, on-premises, edge, and classified networks. Marlin Intelligence: Develops biomimetic AI-powered underwater robotics technology for defense and surveillance applications. Quori: Offers an AI-powered operational intelligence system that helps defense organizations improve situational awareness and predict future risk. Resaro: Builds AI testing, evaluation, validation, and verification (TEVV) technology for defense, government, and critical infrastructure operators. Revobeam: Develops counter-UAS, anti-jamming, and edge analytics technology for military force protection and civil defense use cases. Tactiql: Builds sensor-to-shooter interoperability software that helps humans and machines ingest, normalize, translate, and share sensor data from crewed and uncrewed platforms at the tactical edge. Two Delta: Automatically builds specialized AI models tailored to your use case, delivering dramatically faster, more scalable, and higher-quality inference. Unplugged: Builds privacy-first mobile technology for secure personal, executive, and mission communications. Expanding member advantages
Oracle has also expanded the benefits available to Oracle Defense Ecosystem members through the recently launched Defence Holdings accelerator initiative. Through this partnership, Oracle will help mission-focused technology companies explore deployment paths across Oracle's distributed cloud portfolio, including public cloud, sovereign cloud, government cloud, hybrid cloud, and edge environments.
The Defence Holdings accelerator program is designed to help early-stage companies accelerate customer engagement, strategic partnerships, and growth through an outcome-focused approach centered on operational and commercial success. Oracle Defense Ecosystem members will receive priority access to the accelerator application process, creating additional opportunities for companies developing technologies in areas such as agentic AI, cognitive warfare, critical national infrastructure protection, and autonomous systems.
Oracle is further expanding ecosystem member benefits through a dedicated enablement and innovation program with Shield Reply and Red Reply, which will help members build, modernize, secure, and operationalize solutions on Oracle Cloud Infrastructure (OCI) and Oracle Roving Edge Infrastructure. Red Reply offers ecosystem members access to a range of Reply's fast-start packages, cloud and edge readiness assessments, sandbox and proof-of-concept environments, architecture and migration services, DevSecOps enablement, and mission-focused implementation support - all at a preferred rate.
With deep defense domain expertise and a global network of cloud, Al, cyber, and engineering specialists, Shield Reply and Red Reply can help ecosystem members deploy secure cloud solutions in mission-sensitive environments, including disconnected edge and tactical environments. This support can help accelerate time-to-mission while reducing operational and delivery risk across global defense markets.
How to apply to the Oracle Defense Ecosystem
Prospective companies can learn more about the Oracle Defense Ecosystem and apply to join the program.
About Oracle
Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at www.oracle.com.
Trademarks
Oracle, Java, MySQL and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company—ushering in the new era of cloud computing.
The iconic Parisian patisserie brings Square to its growing Canadian footprint, from flagship tea salons to airport carriages
DISTRIBUTED-WORKFORCE/OAKLAND, Calif. & TORONTO--(BUSINESS WIRE)--Square today announced that Ladurée Canada, the Canadian franchise of the world-renowned Parisian patisserie, has selected Square as its exclusive commerce platform across all Canadian locations. The partnership brings Square to Ladurée Canada's expanding footprint – from boutique tea salons and café-style locations to its airport carriages, pop-ups, and pastry laboratories – as they accelerate their next phase of growth across the country.
Founded in Paris in 1862 by Louis Ernest Ladurée, Maison Ladurée is credited with both popularizing the French tea salon and inventing the Parisian macaron, the colorful, ganache-filled double shell that has become a ubiquitous staple in patisserie windows around the world. With locations across four continents, Ladurée is one of the most globally recognizable names in gourmet pastries.
In March 2016, Olesya Krakhmalyova brought the very first Ladurée location to Canada, opening a boutique on Robson Street in Vancouver – a location designed to channel the ambiance and style of Ladurée's original Paris salon. In the decade since, Ladurée Canada has grown into a sophisticated, multi-format operation spanning boutique tea salons, grab-and-go cafés, carriage kiosks, airport outposts, and pastry laboratories across Toronto and Vancouver, where French-trained pastry chefs craft Ladurée's iconic viennoiseries and cakes fresh each morning.
A Decade in the Making
Ladurée Canada first came to Square in 2017, initially adopting the platform to power its carriage locations. But years of using separate systems for their full-service tea salons and cafe locations led to increasing operational friction as the brand grew with a lean team. Ultimately, Square’s flexibility, versatility, and ease-of-use prompted Olesya to shift all Ladurée Canada locations to Square.
"When I first opened, my goal was simple: bring a piece of Paris to the heart of Vancouver," said Olesya Krakhmalyova, owner of Ladurée Canada. "Nearly a decade later, Square is part of how we live that mission every day across Canada. We're a small team representing a world-renowned brand. The priority of my dedicated team is to deliver Ladurée products and experiences to our clients, not deal with IT complexities. We truly value business tools that are efficient and allow us to focus on our core work, and Square meets that criteria. Square works the same way whether we're running a full tea salon at Yorkdale, processing payments at a weekend pop-up, or welcoming travellers at one of our airport carriages. My managers can add a product, pull a sales report, or configure a new location themselves. That kind of simplicity is what lets us operate at a high standard."
One Platform for Every Format
Ladurée Canada's deployment of Square span a variety of distinct commerce environments: the tasteful seated table-service of its boutique tea salons; the fast-paced throughput of grab-and-go cafés; their compact carriage kiosks in bustling airport terminals; the two bi-coastal pastry laboratories where Square facilitates payments for retail purchases from participants; and all manner of mobile commerce engagements, from catering and corporate events to buzzy pop-ups.
Square Terminal, Square Register, Square Handheld, and Square Reader devices anchor the in-person experience across locations and concepts, with hardware configurations tailored to the specific requirements of each format. On the back end, Square's reporting tools give Ladurée Canada's controller consolidated visibility into sales, taxes, and tips across the entire portfolio. Ladurée Canada also uses Square’s integrations with Yellowdog for inventory management, and QuickBooks for financial management.
Scaling with Taste
With a unified technology foundation now in place, Ladurée Canada is moving quickly. Two new airport carriage locations opened in spring 2026: Vancouver International Airport in May, and Toronto Pearson International Airport in June – bringing Ladurée's macarons and pastries to travellers at two of the country's busiest airports.
"Ladurée is a brand that has defined luxury patisserie for more than 160 years, and the way Ladurée Canada has built its business reflects that standard at every touchpoint," said James Schonzeit, Head of Food & Beverage at Square. "What stands out about this partnership is the full picture – Square started with Ladurée Canada's smallest format locations nearly ten years ago, and has grown with the business to the point that it now powers all of their concepts. That's the kind of relationship we aim to build with every seller: one that earns trust over time and scales as the business does."
To visit Ladurée Canada, find a location at ladureecanada.ca. For more information about Square's solutions for food and beverage businesses in Canada, visit squareup.com/ca/en/restaurants.
About Ladurée Canada
Ladurée is a world-renowned luxury French pâtisserie with a rich history dating back to 1862. Ladurée is best known for creating the world’s most delectable macarons presented in exquisite gift boxes alongside delicious pastries, sweets and savoury treats. Around the world Ladurée tea rooms offer irresistible culinary delights in elegant and traditional surroundings, a veritable hymn to innovative sweets and pastries.
In 2016, Ladurée entered the Canadian market with its first location in Vancouver, B.C. It has since opened locations in Toronto at Yorkdale Mall, Exchange Tower, and Yorkville. Ladurée Canada operates two pastry making laboratories where Ladurée Paris trained Chefs create Ladurée pastries and cakes according to the recipes and techniques from Ladurée Paris.
Ladurée in Canada is also represented by the distinct Ladurée Carriage locations bringing the Ladurée experience to customers at various locations such as in Vancouver at CF Pacific Centre and Vancouver International Airport, and now at Toronto Pearson Airport.
About Square
Square helps businesses turn transactions into connections and businesses into neighbourhood favorites.
In 2009, Square started with a simple invention – the first mobile card reader, which changed how the entire financial system thinks about small businesses. Square has since grown into a global business platform helping millions of sellers of all sizes participate and thrive in their communities.
Whether independently run or a global chain, Square understands that sellers succeed when they have the freedom to focus on the experiences that keep customers coming back. From point of sale and payments to online commerce, staff management, cash flow tools, and more, Square brings together the tools sellers need to run and grow on one intelligent platform. For more information, visit squareup.com.
Walmart and Amazon have been go-to shopping destinations for Americans for quite a while now, but in recent years, a new favorite has emerged in Costco (COST +0.36%). It has many of the same items you can find in those stores, but it sells them in bulk. It's a go-to for many families across the country.
Costco's stock has also been a go-to for many investors, up 145% over the past five years, compared to the S&P 500's (^GSPC 0.10%) 77% gain and the Nasdaq Composite's (^IXIC 0.43%) 85% (as of June 22).
If you're interested in Costco's stock, here are three reasons you should do so and one reason you should be hesitant right now.
Image source: The Motley Fool.
1. Costco has a reliable income source beyond retail Although Costco is a retail store, its business model revolves around its membership program and fees. As of its fiscal year 2026 third quarter (ended May 10), Costco had 148.5 million cardholders and 82.9 million paid memberships, up 4.1% from last year.
Consumers like Costco's value proposition, and it shows in membership numbers and retention. Although Costco's paid memberships increased by only 4.1%, its membership income grew by 10.7% due to fee increases. And even with the price hike, American and Canadian members renewed at 92.2% and 89.7%, respectively.
Having millions of people willing to consistently pay for a membership to shop at your store puts Costco in a unique position compared to other brick-and-mortar retailers like Walmart and Target.
2. A change in approach means more growth opportunities If you've ever been inside a Costco store, you know just how huge they tend to be. And even beyond the store itself, there's typically a large parking lot and a gas station. The amount of real estate that Costco stores command has limited where the company can open stores, especially in larger cities.
Costco is now embracing nontraditional store setups that could expand its total addressable market. This includes having multifloor stores integrated with high-rise buildings and other residential structures, giving it many more options for opening stores.
The chance for a large one-story store with a hundred parking spots is extremely slim in Manhattan, but a multifloor store inside an already established skyscraper is much more feasible. This new approach should help keep Costco's growth prospects strong.
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3. An underrated dividend that can pay off in the long run Costco probably isn't the first stock that comes to mind when you think of dividend stocks, which makes sense given its average 0.6% dividend yield over the past five years. That's low by almost all standards and less than you'd receive by investing in an S&P 500 ETF.
That said, the main appeal of Costco's dividend right now is its track record of annual increases. The company has increased its annual dividend for 22 consecutive years since it began paying one in 2004. In the past decade, its dividend has increased by 226%, including a 13% bump just this year.
Costco is also known for its one-off, specific dividends, with the last one being a $15 payout in January 2024. This is a nice reward that could meaningfully add to your total returns over time.
COST Dividend data by YCharts
The red flag with Costco's stock Costco is a great company and will be a retail giant for quite some time. However, when it comes to investing in the stock, there's one glaring red flag that you shouldn't completely skim over: its valuation.
At the time of this writing, Costco is trading at 46.1 times its projected earnings over the next 12 months. That's more expensive than even some of the fastest-growing tech stocks in the world, which are notorious for their high valuations.
COST PE Ratio (Forward) data by YCharts
The high valuation alone doesn't make Costco's stock a no-go. But investors should be aware that investing in stocks when they're expensive could limit their upside or increase the risk of a pullback (it's down 13% since its May 19 all-time high).
Costco is a stock I would own, but I'd approach it with dollar-cost averaging rather than investing a lump sum.
Stefon Walters has positions in Apple, Microsoft, and Walmart. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, Costco Wholesale, Meta Platforms, Microsoft, Nvidia, Target, and Walmart. The Motley Fool has a disclosure policy.
Total Revenue: $41.5 billion, up 74% sequentially and 346% year-over-year.DRAM Revenue: $31.3 billion, up 343% year-over-year, representing 76% of total revenu
The memory chip superstar blew past results in its third-quarter earnings report, sending the stock up 15% after hours on Wednesday as the company both smashed third-quarter expectations and gave much better guidance than expected.
The results showed that the AI boom isn't slowing down and that memory shortages are expected to persist at least through 2028. Management said it was in the early innings of significant innovation and productivity improvements, and that the memory industry has been structurally transformed by AI.
Let's take a look at a few of the big numbers from the earnings report that show how the memory shortage is driving blockbuster results for Micron.
Image source: Getty Images.
1. 346% Micron reported 346% revenue growth in the quarter to $41.5 billion, and its year-over-year revenue growth accelerated again.
Micron's guidance called for similar growth in the fourth quarter, with revenue expected to reach $50 billion. That growth is being driven by soaring prices in the memory market as unit sales in the key data center are only expected to grow by the high teens. Meanwhile, unit volumes are falling in the PC and smartphone market.
2. 84.6% Micron's gross margin came in at 84.6% in the quarter, ahead of its own guidance at 81%, and topping even Nvidia, which has hovered around 75%. At that level of gross margin, Micron is selling its chips for roughly six times their direct costs, making the company almost impossibly profitable.
Though management guided to a gross margin of 86%, it will be difficult for the company to improve on that number, and it's likely to plateau soon. That also means that its profit growth will start to slow as well.
3. 80.4% 80.4% was Micron's operating margin in the quarter, again showing the company delivering windfall profits. Almost no company in the world can generate an operating margin that wide.
In addition to the impact of high prices, the operating margin also shows that the company is being disciplined with its spending.
4. $28.2 billion Micron produced $28.2 billion in net income, making it one of the most profitable companies in the world based on the bottom line.
Better yet, the company expects to top $40 billion in the fourth quarter, giving the company run rate profit of $160 billion.
Micron just introduced strategic customer agreements (SCA), longer-term contracts that typically last five years, to alleviate some of the cyclical risk facing the company.
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What it means for investors Micron is too big to repeat the feat it's accomplished over the year, with the stock jumping nearly 1,000%, but it can still deliver meaningful gains if it continues to execute.
Wednesday's report was virtually flawless. It's not a surprise to see the stock up double digits again.
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Tuesday’s Sellers Have a Problem Now Tuesday’s 13% decline and Wednesday’s follow-through looked like the start of a real reassessment of chip valuations. Then Micron reported after the close and the after-hours move erased the entire two-day selloff and put the stock above the June 22 high. Every fund that sold chips Tuesday is staring at a gap higher Thursday morning with a decision to make.
The question driving the selloff was whether AI spending was getting ahead of itself. Micron’s CEO Sanjay Mehrotra’s answer was sixteen customers putting down $22 billion in cash deposits and locking into five-year take-or-pay contracts with pricing floors. Data center, consumer electronics, automotive buyers, all fighting for the same allocation. The remaining obligations tied to those deals run to roughly $100 billion. That is not a forecast number. That is revenue on the books.
Qualcomm muddied it slightly. The company said this week its new AI chips are designed to run with less expensive memory, and if competing architectures reduce the premium on high-bandwidth memory over time, Micron’s margins face a question that is not going away. Mehrotra pointed back at the contracts. Buyers are locking in at current pricing because they do not believe alternatives show up at scale, and the way I see it, $22 billion in cash deposits is a stronger argument than a product announcement from a competitor.
The stock tripled in 2026 on the AI trade before this week’s selloff. Now it has $100 billion in contracted obligations underneath. Micron is the only U.S. company producing the high-bandwidth memory that runs alongside Nvidia’s processors in AI servers, and CEO Mehrotra said supply stays tight past 2027. New fabs take years to build. Every major AI buyer just committed in writing. The bears need to explain what changes that picture and they do not have an answer yet.
NEW YORK, June 24, 2026 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP, a nationally acclaimed investor rights law firm, reminds Zillow Group, Inc. (“Zillow” or the “Company”) investors of the August 10, 2026 deadline involving a securities fraud class action lawsuit commenced against the Company.
Should You Join The Zillow Group Class Action Lawsuit:
Do you, or did you, own shares of Zillow Group, Inc. (NASDAQ: ZG, Z)?Did you sell your shares between February 11, 2025 and May 7, 2026, inclusive?Did you lose money in your investment in Zillow Group, Inc.?
Investors are encouraged to act promptly and submit a form at Zillow Group, Inc. Shareholder Class Action Lawsuit or contact Investor Relations Manager Peter Allocco at (212) 951-2030 or [email protected].
If you wish to serve as lead plaintiff for the Class, you must file papers by August 10, 2026. A lead plaintiff is a representative party acting on other class members’ behalf in directing the litigation. Your ability to share in any recovery doesn’t require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.
All representation is on a contingency fee basis. Shareholders pay no fees or expenses.
About The Lawsuit:
A lawsuit was filed on behalf of investors (the “Class”) who purchased or acquired Class A (NASDAQ: ZG) or Class C (NASDAQ: Z) common stock of Zillow between February 11, 2025 and May 7, 2026, inclusive, alleging violations of the Securities Exchange Act of 1934 against the Company and certain of its senior officers.
The lawsuit alleges that defendants made materially false and misleading statements and omissions regarding the Company’s business operations, growth prospects, and financial stability. As a result of these alleged misrepresentations, Zillow common stock traded at artificially inflated prices during the Class Period. When the truth was disclosed, investors allegedly suffered significant losses.
About Bernstein Liebhard:
Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of class actions, the Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times and listed in The Legal 500 for sixteen consecutive years.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.
THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.4 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE") AND DOES NOT CONSTITUTE A FIRM INTENTION TO MAKE AN OFFER UNDER RULE 2.7 OF THE CODE. THERE CAN BE NO CERTAINTY THAT ANY FIRM OFFER WILL BE MADE.
, /PRNewswire/ -- Prologis, Inc. ("Prologis") announces that on 16 June 2026 it sent a letter to the Board of SEGRO plc ("SEGRO") setting out the terms of an indicative all-share proposal, pursuant to which Prologis would acquire the entire issued and to be issued share capital of SEGRO (the "Combination").
On 23 June 2026, the Board of SEGRO unequivocally rejected the Combination proposal.
Under the terms of the Combination, SEGRO shareholders would receive for each SEGRO share:
0.084 new Prologis shares (the "Exchange Ratio")
Based on the Prologis share price of $145.3 and a GBP:USD exchange rate of 1.32 in each case at market close on 23 June 2026, being the last trading day prior to this announcement, the Combination implies a value of 925 pence for each SEGRO share and values SEGRO's entire issued and to be issued ordinary share capital at approximately £12.6 billion, representing:
a premium of 24.6 per cent to SEGRO's share price of 742 pence on 23 June 2026 (being the last trading day prior to this announcement); a premium of 26.7 per cent to the 1-month volume weighted average SEGRO share price of 730 pence as of 23 June 2026 (being the last trading day prior to this announcement); a premium of 31.4 per cent to the 3-month volume weighted average SEGRO share price of 704 pence as of 23 June 2026 (being the last trading day prior to this announcement); and a price equal to SEGRO's last reported EPRA NTA* per share of 925 pence as of 31 December 2025 Following completion of the Combination, SEGRO shareholders would hold approximately 10.5 per cent of Prologis' issued share capital.
Prologis believes that the Combination is a highly compelling opportunity for SEGRO shareholders. SEGRO shareholders would receive shares in the world's largest logistics REIT with a $140.9 billion market capitalisation, unlocking, on closing, significant upside to the current share price.
Furthermore, the Combination provides SEGRO shareholders with participation in a global platform with a track record of outperformance across key metrics and the successful integration of major corporate transactions with the delivery of synergies. Prologis believes these factors will provide SEGRO shareholders with accelerated growth compared to the growth available to them in a standalone SEGRO.
Prologis believes that its global platform, balance sheet strength and diversified capital base can unlock the significant embedded value of SEGRO's development and data center pipeline.
Prologis also believes the Combination would deliver significant benefits to its customers, employees and Prologis shareholders.
Clear Strategic Rationale and Value Creation
Prologis believes that the Combination has clear strategic rationale and provides SEGRO shareholders with a compelling value proposition:
Opportunity to Join Forces with the Global Leader in Logistics Real Estate Combination with Prologis will provide SEGRO shareholders with diversification into global growth markets SEGRO and Prologis' European portfolios are highly complementary with an expected clear line of sight to scale benefits Resolves Structural Constraints Limiting SEGRO's Growth Potential SEGRO has traded at a persistent discount to its EPRA NTA per share with an average discount to EPRA NTA* of 19 per cent and 17 per cent over the last two years and three years, respectively Prologis has superior balance sheet strength with Net Debt / Enterprise Value of 22 per cent versus 37 per cent for SEGRO and Net Debt / Adjusted EBITDA of 4.8x versus 8.4x for SEGRO Prologis' access to public equity, debt and private capital will enable Prologis to unlock embedded opportunities for investment for which Prologis believes SEGRO is unable to unlock standalone due to structural constraints, including its balance sheet capacity and trading discount Accelerates Monetisation of SEGRO's Development, Power and Data Center Opportunities Prologis anticipates that its platform, balance sheet strength and significant access to capital can unlock the significant embedded value of SEGRO's development and data center pipeline in a way that SEGRO will not be able to do on a standalone basis Prologis has the scale, capital, and execution capabilities to fund and deliver SEGRO's pipeline Value Realisation at a Premium and Enhanced Growth for SEGRO Shareholders Significant share price premium while retaining an interest in a stronger combined entity Prologis has outperformed SEGRO on total shareholder return over both 3 and 5 years (37 per cent and 39 per cent, respectively) leading its peer group average and significantly exceeding SEGRO's total shareholder return (3 year: 19 per cent; 5 years: negative 20 per cent.) Prologis' Proven Stewardship of Shareholder Capital and Strong M&A Integration Track Record Prologis' history of achieving cost and revenue synergies underscores the strength of the platform and successful integration Consistent with this track record, shareholders of the enlarged group can anticipate significant synergies from the Combination Prologis urges SEGRO shareholders to encourage the SEGRO Board to engage with Prologis to allow a binding offer to be put to SEGRO shareholders for their consideration.
There can be no certainty that an offer for SEGRO will be made. A further announcement will be made as appropriate.
Important Code Notes
In accordance with Rule 2.6(a) of the Code, Prologis is required, by not later than 5:00 pm (London time) on 22 July 2026, to either announce a firm intention to make an offer for SEGRO in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer for SEGRO, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline may only be extended with the consent of the Takeover Panel in accordance with Rule 2.6(c) of the Code.
In accordance with Rule 2.5(a) of the Code, Prologis reserves the right to vary the form and/or mix of consideration as set out in this announcement and/or introduce other forms of consideration. Prologis reserves the right to make an offer for SEGRO at a lower value and/or on less favourable terms than those described in this announcement: (a) with the agreement or recommendation of the Board of SEGRO; (b) if a third party announces a possible or a firm intention to make an offer for SEGRO which, at that date, is of a value less than the value implied by the Combination; or (c) following the announcement by SEGRO of a Rule 9 waiver transaction pursuant to Appendix 1 of the Code or a reverse takeover (as defined in the Code). If after the date of this announcement SEGRO declares, makes or pays any dividend or distribution or other return of capital to its shareholders, Prologis reserves the right to make an equivalent reduction to terms of the Combination or an equalisation dividend to a common date.
*EPRA NTA is not calculated from a valuation of SEGRO's assets under Rule 29 of the Takeover Code. It is sourced from SEGRO's 31 December 2025 audited financial statements. At the relevant point, a valuation of SEGRO's assets will be published by SEGRO in accordance with Rule 29 of the Takeover Code.
Linklaters LLP is retained as legal adviser to Prologis.
Further information
N.M. Rothschild & Sons Limited ("Rothschild & Co"), which is authorised and regulated by the Financial Conduct Authority (the "FCA") in the United Kingdom and J.P. Morgan Securities LLC, together with its affiliate J.P. Morgan Securities plc (which conducts its UK investment banking business as J.P. Morgan Cazenove and which is authorised in the United Kingdom by the Prudential Regulation Authority ("PRA") and regulated in the United Kingdom by the PRA and the FCA) (together "J.P. Morgan"), and Eastdil Secured International Limited ("Eastdil Secured" or "ESI") which is authorised and regulated by the Financial Conduct Authority (the "FCA") in the United Kingdom are acting exclusively for Prologis and for no one else in connection with the subject matter of this announcement and will not be responsible to anyone other than Prologis for providing the protections afforded to their clients or for providing advice in connection with the subject matter of this announcement. This announcement is not intended to and does not constitute an offer to sell or the solicitation of an offer to subscribe for or buy or an invitation to purchase or subscribe for any securities or the solicitation of any vote in any jurisdiction.
The release, publication or distribution of this announcement in jurisdictions outside the United Kingdom may be restricted by law and therefore persons into whose possession this announcement comes should inform themselves about, and observe such restrictions. Any failure to comply with such restrictions may constitute a violation of the securities law of any such jurisdiction.
Disclosure requirements of the Code
Under Rule 8.3(a) of the Code, any person who is interested in 1% or more of any class of relevant securities of an offeree company or of any securities exchange offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure following the commencement of the offer period and, if later, following the announcement in which any securities exchange offeror is first identified. An Opening Position Disclosure must contain details of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror(s). An Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be made by no later than 3.30 pm (London time) on the 10th business day following the commencement of the offer period and, if appropriate, by no later than 3.30 pm (London time) on the 10th business day following the announcement in which any securities exchange offeror is first identified. Relevant persons who deal in the relevant securities of the offeree company or of a securities exchange offeror prior to the deadline for making an Opening Position Disclosure must instead make a Dealing Disclosure.
Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1% or more of any class of relevant securities of the offeree company or of any securities exchange offeror must make a Dealing Disclosure if the person deals in any relevant securities of the offeree company or of any securities exchange offeror. A Dealing Disclosure must contain details of the dealing concerned and of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror(s), save to the extent that these details have previously been disclosed under Rule 8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies must be made by no later than 3.30 pm (London time) on the business day following the date of the relevant dealing.
If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire or control an interest in relevant securities of an offeree company or a securities exchange offeror, they will be deemed to be a single person for the purpose of Rule 8.3.
Opening Position Disclosures must also be made by the offeree company and by any offeror and Dealing Disclosures must also be made by the offeree company, by any offeror and by any persons acting in concert with any of them (see Rules 8.1, 8.2 and 8.4).
Details of the offeree and offeror companies in respect of whose relevant securities Opening Position Disclosures and Dealing Disclosures must be made can be found in the Disclosure Table on the Panel's website at www.thetakeoverpanel.org.uk, including details of the number of relevant securities in issue, when the offer period commenced and when any offeror was first identified. You should contact the Panel's Market Surveillance Unit on +44 (0)20 7638 0129 if you are in any doubt as to whether you are required to make an Opening Position Disclosure or a Dealing Disclosure.
Rule 2.4 information
In accordance with Rule 2.4(c)(iii) of the Code, Prologis confirms that it is not aware of any dealings in SEGRO shares that would require it to offer a minimum level, or a particular form, of consideration under Rule 6 or Rule 11 of the Code. However, it has not been practicable for Prologis to make enquiries of all persons acting in concert with it prior to the date of this announcement in order to confirm whether any details are required to be disclosed under Rule 2.4(c)(iii) of the Code. To the extent that any such details are identified following such enquiries, Prologis will make an announcement disclosing such details as soon as practicable, and in any event by no later than the time it is required to make its Opening Position Disclosure under Rule 8.1 of the Code.
Rule 2.9 information
In accordance with Rule 2.9 of the Code, Prologis confirms that, as of the date of this announcement, it has issued and outstanding 932,983,938 shares of common stock at par value of $0.01 per share. Prologis does not hold any of its common stock in treasury. The International Securities Identification Number (ISIN) of the shares of common stock is US74340W1036. The Legal Entity Identifier (LEI) for Prologis is 529900DFH19P073LZ636.
Publication on Website
In accordance with Rule 26.1 of the Code, a copy of this announcement will be available subject to certain restrictions relating to persons resident in restricted jurisdictions on Prologis' website at https://ir.prologis.com/ promptly and in any event by no later than 12 noon (London time) on 25 June 2026. The content of this website is not incorporated into and does not form part of this announcement.
Forward-Looking Statements
The statements in this announcement 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. These forward-looking statements are based on current expectations, estimates and projections about the industry and markets in which Prologis and SEGRO operate as well as management's beliefs and assumptions. Such statements involve uncertainties that could significantly impact Prologis' or SEGRO's financial results. Words such as "expects," "anticipates," "intends," "believes," "would", "could", "should" and "estimates," including variations of such words and similar expressions, are intended to identify such forward-looking statements, which generally are not historical in nature. All statements that address operating performance, events or developments that Prologis expects or anticipates will occur in the future – including statements relating to any possible transaction between Prologis and SEGRO , rent and occupancy growth, acquisition and development activity, including data center developments and power procurement related thereto, contribution and disposition activity, general conditions in the geographic areas where Prologis and SEGRO operate, expectations regarding new lines of business, Prologis' and SEGRO's debt, capital structure and financial position, Prologis' ability to earn revenues from co-investment ventures or form new co-investment ventures and the availability of capital in existing or new co-investment ventures – are forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Although Prologis believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, Prologis can give no assurance that its expectations will be attained, and therefore actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Some of the factors that may affect outcomes and results include, but are not limited to: (i) the ultimate outcome of any possible transaction between Prologis and SEGRO, including the possibility that SEGRO will reject any proposed transaction with Prologis; (ii) uncertainties as to whether SEGRO will cooperate with Prologis regarding any proposed transaction; (iii) the effect of the announcement of any proposed transaction on the ability of Prologis and SEGRO to operate their respective businesses and retain and hire key personnel and to maintain favourable business relationships; (iv) the timing of any proposed transaction; (v) the ability to satisfy closing conditions to the completion of any proposed transaction (including shareholder approvals); (vi) other risks related to the completion of any proposed transaction and actions related thereto; (vii) international, national, regional and local economic and political climates and conditions; (viii) changes in global financial markets, interest rates and foreign currency exchange rates; (ix) increased or unanticipated competition for Prologis' or SEGRO's properties; (x) risks associated with acquisitions, dispositions and development of properties, including the integration of the operations of significant real estate portfolios; (xi) maintenance of Real Estate Investment Trust ("REIT") status, tax structuring and changes in income tax laws and rates; (xii) availability of financing and capital, the levels of debt that Prologis and SEGRO maintain and their credit ratings; (xiii) risks related to Prologis' investments in and management of its co-investment ventures, including ability to establish new co-investment ventures; (xiv) risks of doing business internationally, including currency risks; (xv) environmental uncertainties, including risks of natural disasters; (xvi) risks related to global pandemics; and (xvii) those additional factors discussed under Part I, Item 1A. Risk Factors in Prologis' Annual Report on Form 10-K for the year ended December 31, 2025. Prologis undertakes no duty to update any forward-looking statements appearing in this announcement except as may be required by law.
Non-GAAP Measures
This announcement includes certain terms and non-GAAP financial measures that are not specifically defined herein. These terms and financial measures for Prologis are defined and, in the case of the non-GAAP financial measures, reconciled to the most directly comparable GAAP measures, in Prologis' quarterly Earnings Release and Supplemental Information that is available on Prologis' investor relations website at www.ir.prologis.com and on the SEC's website at www.sec.gov.
Sources of information and bases of calculation
Share price and volume weighted average share price data is derived from FactSet GBP:USD exchange rate of 1.3196 is derived from Chatham Financial as of 23 June 2026 The value attributed to SEGRO's issued share capital (and therefore the value of the Combination) is based upon fully diluted share capital of 1,361,127,593 SEGRO ordinary shares of 10 pence each, comprising: 1,353,927,858 ordinary shares in issue as of 29 May 2026 as announced by SEGRO pursuant to the FCA's Disclosure Guidance and Transparency Rules (with no shares held in treasury); and 7,199,735 shares relating to SEGRO's share schemes, derived from SEGRO's public filings. This figure is net of shares held by the SEGRO Employee Benefit Trust Prologis' issued share capital is based upon fully diluted share capital of 970,140,938 shares at par value of $0.01 per share, comprising: 932,983,938 shares of common stock at par value of $0.01 per share; and 37,157,000 shares relating to Prologis' share schemes, derived from Prologis' public filings. Discount to EPRA NTA is calculated as the see-through value of the offer at the Exchange Ratio divided by the SEGRO last reported EPRA NTA at 31 December 2025 of 925 pence per share Prologis' market capitalisation is calculated based on the share price at market close on 23 June 2026 of $145.3 multiplied by Prologis' fully diluted share count of 970,140,938 shares SEGRO's shareholding in the enlarged group is calculated as (i) newly issued Prologis shares of 114,334,718 (calculated as 1,361,127,593 SEGRO shares multiplied by the Exchange Ratio); divided by (ii) the enlarged group issued share capital of 1,084,475,656 (equal to the existing Prologis fully diluted issued share capital of 970,140,938 plus the newly issued shares of 114,334,718) Enterprise value used for Net Debt / Enterprise Value sourced from FactSet at market close on 23 June 2026 Total shareholder return equals the change in share price plus dividends received over the relevant time period. This data is as of 23 June 2026. Information sourced from FactSet SEGRO EPRA NTA sourced from SEGRO's 2025 Annual Report and Accounts, with prior years' EPRA NTA sourced from its 2024 and 2023 Annual Report and Accounts and its 2024 and 2023 interim results SEGRO Net Debt and Net Debt / Adjusted EBITDA sourced from 2025 annual results announcement released on 20 February 2026 Prologis financial information extracted from Prologis' 2026 Q1 Earnings Release published on 16 April 2026 Prologis Net Debt and Net Debt / Adjusted EBITDA sourced from Prologis' 2026 Q1 Earnings Release published on 16 April 2026 SOURCE Prologis, Inc.
NEW YORK--(BUSINESS WIRE)--The law firm of Kirby McInerney LLP is investigating potential claims against Accenture (“Accenture” or the “Company”) (NYSE:ACN). The investigation concerns whether the Company and/or members of its senior management may have violated federal securities laws or engaged in other unlawful business practices.
[LEARN MORE ABOUT THE INVESTIGATION]
What Happened?
On June 16, 2026, Morgan Stanley downgraded Accenture to Hold and cut its price target from $240 to $177, citing concerns that anticipated AI spending rationalization had “not played out.” Two days later, the Company’s own guidance revision confirmed that the growth trajectory management had projected just three months earlier was no longer achievable.
On June 18, 2026, Accenture reported third quarter 2026 earnings and cut its fiscal year 2026 revenue growth forecast to 3-4%, down from the 3-5% range it had previously provided. Accenture’s prior guidance, issued during its fiscal Q2 earnings report on March 19, 2026, projected 3-5% revenue growth for full-year fiscal 2026, uplifted from Q1’s previous 2-5% target. Also, third quarter revenue of $18.7 billion came in below analyst expectations of $18.78 billion. On this news, the price of Accenture shares declined by $28.03 per share, or approximately 18%, from $156.01 per share on June 17, 2026 to close at $127.98 on June 18, 2026.
What Should I Do?
At this stage, no lawsuit has been filed. The investigation is ongoing to determine whether claims may be brought under federal securities laws.
If you purchased or otherwise acquired Accenture securities, have information, or would like to learn more about this investigation, please contact Lauren Molinaro of Kirby McInerney LLP by email at [email protected], or fill out the contact form below, to discuss your rights or interests with respect to these matters at no cost.
[LEARN MORE ABOUT SECURITIES CLASS ACTIONS]
Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Generates $46.4 Million Realized Gain from Exit of Equity Investment in Centre Technologies Holdings, LLC
, /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that it recently exited its debt investments and equity investment in Centre Technologies Holdings, LLC ("Centre" or the "Company") upon the completion of a majority recapitalization with a new financial sponsor. Founded in 2006 and headquartered in Houston, Texas, Centre is a provider of information technology (IT) services, including managed services, cloud solutions, cyber security, IT consulting and business intelligence (BI) services to lower and middle market businesses, often serving as a fully outsourced IT department.
Main Street partnered with Centre's existing owners and senior management team in January 2019 to facilitate a minority recapitalization of the Company and provide growth capital to help facilitate the Company's acquisition growth strategy. Main Street's initial investment consisted of a $2.4 million revolving line of credit, a $12.2 million first lien, senior secured term loan and a $5.8 million direct equity investment. After Main Street's initial investment, Centre completed seven follow-on acquisitions with Main Street funding an additional cumulative $27.7 million under the first lien, senior secured term loan facility and $0.5 million in direct equity investments to support the Company's acquisition strategy and other corporate activities, resulting in Main Street's total debt investments and total equity investments growing to $42.3 million and $6.4 million, respectively.
Main Street realized a gain of $46.4 million on the exit of its equity investment in Centre, including a minority equity ownership position in Centre's acquirer that Main Street received as part of the sale proceeds, with this realized value representing an increase of $6.8 million above Main Street's fair market value for this equity investment as of March 31, 2026. Main Street also received total dividends of $2.2 million over the life of its equity investment in the Company. As a result, on a cumulative basis since Main Street's initial investment in January 2019 and taking the realized gain, dividends and fees into consideration, Main Street realized an annual internal rate of return ("IRR") of 40.1% and an 8.8 times money invested ("TMI") return on its equity investment in Centre. On a cumulative basis including both Main Street's debt and equity investments in the Company, Main Street realized an IRR of 23.2% and a 2.4 TMI return.
ABOUT MAIN STREET CAPITAL CORPORATION
Main Street (www.mainstcapital.com) is a principal investment firm that primarily provides customized long-term debt and equity capital solutions to lower middle market companies and debt capital to private companies owned by or in the process of being acquired by a private equity fund. Main Street's portfolio investments are typically made to support management buyouts, recapitalizations, growth financings, refinancings and acquisitions of companies that operate in diverse industry sectors. Main Street seeks to partner with entrepreneurs, business owners and management teams and generally provides customized "one-stop" debt and equity financing solutions within its lower middle market investment strategy. Main Street seeks to partner with private equity fund sponsors and primarily invests in secured debt investments in its private loan investment strategy. Main Street's lower middle market portfolio companies generally have annual revenues between $10 million and $150 million. Main Street's private loan portfolio companies generally have annual revenues between $25 million and $500 million.
Main Street, through its wholly-owned portfolio company MSC Adviser I, LLC ("MSC Adviser"), also maintains an asset management business through which it manages investments for external parties. MSC Adviser is registered as an investment adviser under the Investment Advisers Act of 1940, as amended.
Contacts:
Main Street Capital Corporation
Dwayne L. Hyzak, CEO, [email protected]
Ryan R. Nelson, CFO, [email protected]
713-350-6000
ROCHESTER, N.Y.--(BUSINESS WIRE)--L3Harris Technologies (NYSE: LHX) has received two Foreign Military Sales orders for Falcon® systems to support Germany's Digitalization – Land Based Operations (D-LBO) and special operations forces requirements. “The battle-tested Falcon systems will enhance German forces' secure, interoperable communications with European Union and NATO allies,” said Chris Aebli, President, Mission Critical Communications, Communications & Spectrum Dominance, L3Harris. “T.
PQC readiness and encryption hygiene dashboards make quantum exposure visible, measurable, and actionable so organizations prioritize risk and demonstrate PQC readiness
SAN JOSE, Calif.--(BUSINESS WIRE)--Forescout Technologies Inc., a global cybersecurity leader, today announced the launch of its Post-Quantum Cryptography (PQC) Readiness and Encryption Hygiene Dashboards. The new dashboards are designed to help organizations identify, prioritize, and manage quantum risk across information technology (IT), operational technology (OT), Internet of Things (IoT), and medical devices (IoMT) environments.
As organizations face new pressures from regulators, auditors, and boards to demonstrate PQC awareness and progress, Forescout accelerated its development timeline to deliver operational security capabilities to understand and prioritize where quantum-unsafe encryption creates real exposure.
“Organizations don’t just need new algorithms or upgraded platforms, they need clarity about where quantum-unsafe encryption creates exposure in their environments,” said Barry Mainz, CEO of Forescout. “The PQC readiness and encryption hygiene dashboards are designed to deliver that clarity, helping security leaders see, prioritize, and reduce quantum risk now, even as full migration progresses over time.”
Quantum Risk is Pervasive Today
New data from Forescout Research – Vedere Labs highlights the urgency of PQC readiness. The report shows that most of the internet remains unprepared for quantum threats, with nearly 90% of SSH servers not yet quantum-safe.
Within enterprise environments, readiness is even more uneven, particularly across cyber-physical systems. While 50% of IT devices support PQC-capable SSH, adoption drops sharply across other environments: only 28% of IoT devices, 16% of OT devices, and 6% of IoMT devices.
These gaps underscore a critical challenge: future migration deadlines are approaching, but the required work starts now. Governments and standards bodies are clear that organizations cannot wait until 2030 to begin. They must first inventory cryptographic usage, assess exposure, and understand where quantum risk is concentrated across their environments today.
Making PQC Exposure Visible, Measurable, and Actionable
Forescout’s PQC dashboards address this challenge by delivering continuous visibility into cryptographic usage and real-world risk across complex environments. Capabilities include:
Quantum Encryption Assessment: Unified view of cryptographic posture across IT, OT, and IoT environments including quantum-safe scores, asset coverage, and PQC adoption. Assets with Weak Encryption: Maps encryption risk to specific assets, showing their protocol usage and operational importance. Assets with Protocol Risk: Distinguishes immediate hygiene gaps from future PQC risk. Traffic Encryption Analysis: Identifies concentrations of PQC-unsafe traffic across environments. PQC Vulnerable Risk Correlation: Connects encryption gaps with active threats and external exposure. These capabilities transform PQC from a compliance exercise into an operational security discipline, enabling organizations to move from visibility to prioritization to mitigation over time. Rather than stopping at cryptographic discovery or visualization, Forescout helps organizations understand what matters most and where they should take action first.
Risk-Driven Assurance for Quantum Security
Unlike tools that list ciphers, protocols, or static discovery findings, Forescout correlates quantum-unsafe encryption with asset criticality, exposure, and environment type, helping organizations identify the devices and communications that matter most. This reflects Forescout’s approach to quantum security: continuous discovery with risk-driven assurance. The dashboards enable security teams to operationalize PQC readiness by:
Prioritizing remediation based on real-world impact, factoring in asset criticality and exposure Correlating cryptographic posture with environment context, including IT, OT, and cyber-physical systems Maintaining a continuous, real-time view of quantum readiness across the attack surface Translating visibility into action and risk reduction through Forescout’s See -> Understand -> Prioritize -> Act model The dashboards are powered by patented capabilities that detect actual negotiated quantum-unsafe encryption in live network traffic, allowing organizations to understand what is happening on the wire as opposed to relying on inferred configurations, expected settings, or policy assumptions.
“Enterprise security teams are being asked to prove awareness, governance, and progress on post-quantum cryptography well before large-scale migration is feasible,” said Paul Kao, Chief Product Officer at Forescout. “Global guidance from governments and standards bodies consistently points to inventory and PQC exposure assessment as the first required steps. By delivering the PQC Readiness and Encryption Hygiene Dashboards, Forescout gives organizations a practical way to demonstrate exactly that – years before full PQC migration can realistically be completed.”
Aligning Security Operations with Regulatory and Industry Expectations
Forescout’s launch aligns enterprise security with emerging regulatory and industry expectations, including guidance from the Group of Seven (G7) and the U.S. National Institute of Standards and Technology (NIST), as well as national migration roadmaps that identify the 2030-2035 period as a critical window for the large-scale adoption of PQC.
By focusing on unmanaged and hard-to-upgrade assets – where risk is most concentrated – Forescout helps organizations address the environments most likely to delay broader quantum readiness.
Additional Resources
To learn more about PQC adoption trends and exposure risks, read the Forescout Research – Vedere Labs blog: “PQC Adoption Gaps: 90% of Systems Are Still Not Quantum-Safe.”
Explore the Forescout PQC dashboards and access the PQC resource center at: https://www.forescout.com/solutions/post-quantum-cryptography-risk/.
About Forescout
As AI-driven vulnerability discovery and exploitation accelerate attack velocity to machine speed, Forescout is a foundational cyber defense layer that allows organizations to segment and isolate compromised systems, block lateral movement, and automate response across IT, OT, IoT, and IoMT environments. The Forescout Vistaro™ platform, powered by agentic AI and enhanced with Vedere Labs threat intelligence, delivers a Universal Zero Trust Network Access (UZTNA) architecture that integrates seamlessly with 180+ security and IT products. With Forescout Vistaro, organizations get comprehensive inventory and classification of both managed and unmanaged assets, continuous exposure management, and real-time protection including dynamic network segmentation and automated threat response.
ELKRIDGE, Md.--(BUSINESS WIRE)--Teledyne Technologies Incorporated (NYSE:TDY) announced that Teledyne FLIR Defense has won a $28.8 million contract from U.S. Customs and Border Protection (CBP), an agency of the U.S. Department of Homeland Security, to support the agency's Enhanced Mobile Surveillance Capability–Lite (eMSC-L) program to bolster border security operations. Under the 24-month contract, Teledyne FLIR Defense will deliver an advanced version of its Lightweight Vehicle Surveillance.
Samsara Inc. (IOT) Analyst/Investor Day June 24, 2026 5:30 PM EDT
Company Participants
Mike Chang - Vice President of Corporate Development & Investor Relations
Sanjit Biswas - Co-Founder, CEO & Chairman
Johan Land - Executive VP & Chief Product Officer
David Gal
Amit Vyas - Chief Revenue Officer
Dominic Phillips - Executive VP & CFO
Conference Call Participants
Eric Amlee
Thomas Olitsky
Eric Amlee
Michael Turrin - Wells Fargo Securities, LLC, Research Division
Aleksandr Zukin - Wolfe Research, LLC
S. Kirk Materne - Evercore ISI Institutional Equities, Research Division
Jason Celino - KeyBanc Capital Markets Inc., Research Division
Andrew DeGasperi - BNP Paribas, Research Division
Christopher Quintero - Morgan Stanley, Research Division
Daniel Jester - BMO Capital Markets Equity Research
Dylan Becker - William Blair & Company L.L.C., Research Division
Alexander Sklar - Raymond James & Associates, Inc., Research Division
Mark Schappel - Loop Capital Markets LLC, Research Division
Mike Richards
Presentation
Mike Chang
Vice President of Corporate Development & Investor Relations
All right. Good afternoon, and welcome to Samsara's Investor Day. My name is Mike Chang, and I'm SVP of Finance here at Samsara. And first off, just thank you all for making the journey out here to a very, very hot Las Vegas to join us in person. And it's amazing to see so many familiar faces in the audience. And for those who are joining virtually, it's great to have you on as well.
We have an awesome, awesome agenda pack for you today. We have about 2.5 hours full of content, and we're going to talk about how we're bringing AI to the world of physical operations.
Before we get it started, there are a few housekeeping items. The key 2 things is, first, we're going to be assessing forward-looking metrics during today's presentation. These should be taken in addition to -- sorry, these statements contain risks and uncertainties, and these are detailed further in SEC filings and our Investor Relations website. Second, we'll
AUSTIN, Texas--(BUSINESS WIRE)--Natera, Inc. (NASDAQ: NTRA), a global leader in cell-free DNA and precision medicine, today announced that Signatera has received regulatory approval from Japan's Pharmaceuticals and Medical Devices Agency (PMDA). This approval supports the use of Signatera for patients with colorectal cancer (CRC) in the adjuvant setting and makes Signatera the first PMDA-approved MRD test in Japan. Natera expects to commercially launch Signatera for CRC in Japan by the end of 2.
New York, United States, June 25, 2026 (GLOBE NEWSWIRE) -- S&P Global Ratings has upgraded ratings on several subsidiaries of Freedom Holding Corp., a Nasdaq-listed international investment and technology group. The ratings on Freedom Finance JSC, Freedom Finance Europe Ltd., Freedom Finance Global PLC, and Freedom Bank Kazakhstan JSC were raised to “BB-” with stable outlooks.
S&P also upgraded the long-term Kazakhstan national scale ratings on Freedom Finance JSC and Freedom Bank Kazakhstan JSC to “kzA-.” Earlier, the agency affirmed Kazakhstan’s sovereign credit ratings at “kzAAA” on the national scale and “BBB-” with a positive outlook. Freedom Holding Corp.’s rating remained at “B-” with a stable outlook.
According to S&P, Freedom has shown positive momentum in risk management both within the holding company itself and across the group’s subsidiaries. S&P said this should allow the group to more closely monitor and control risks within its growing business, including sanctions compliance, cybersecurity, reputational, regulatory and cryptocurrency risks.
The agency expects the group to maintain strong capitalization metrics over the next 12–24 months, despite ongoing investments in telecommunications and consumer lifestyle businesses. According to S&P, Freedom’s earnings metrics remain strong, with a three-year average operating profit-to-risk-weighted-assets ratio of approximately 2.2% for the period from March 2024 to March 2026, which remains high in an international context.
S&P also said the development of Freedom’s financial and non-financial businesses is not expected to place significant pressure on Freedom Holding Corp.’s capitalization.
The agency also highlighted Freedom’s position as one of Kazakhstan’s leading digital fintech ecosystems, noting the group’s SuperApp mobile application. Monthly active users of the app stood at approximately 2.6 million in March 2026.
In its rating update, S&P took into account Freedom Holding Corp.’s annual report for fiscal year 2026. The company reported record revenue of $2.19 billion and a twofold increase in net income to $153.3 million. Freedom also significantly expanded its client base across key business segments. The number of users of the bank’s services doubled over the year to 5.03 million, while the brokerage client base grew by 26% to 858,000 clients. In the insurance and other segments, Freedom serves around 2.2 million people. Overall, the client base of the company’s digital ecosystem across all operating markets exceeded 14 million people by the end of fiscal year 2026.
“The expansion of our digital ecosystem beyond our home region, where we built an effective business model in a relatively short period of time, is a key element of our long-term development strategy,” said Timur Turlov, CEO of Freedom Holding Corp. “We are already seeing strong growth in Europe, are close to obtaining banking and brokerage licenses in Turkey, and are actively developing our business in the United States and the Middle East. In Kazakhstan, we have built the experience, expertise and resources needed to compete for global leadership.”
As of May 1, 2026, Freedom’s European brokerage business had reached 453,000 clients. Freedom has also announced plans to expand its banking and digital ecosystem operations in several international markets. In early June, the company said it had applied for a banking license in France and planned to invest €500 million in developing its digital ecosystem there. Freedom also expects to invest $300 million in expanding its Turkish operations and has announced the acquisition of 99.32% of the shares of Turkish Bank. The company’s digital banking subsidiary has been operating in Tajikistan since October 2025, and in November 2025, Kazakhstan’s financial regulator granted Freedom permission to open a bank in Georgia.
About Freedom Holding Corp.
Freedom Holding Corp. provides financial services in 22 countries, including Kazakhstan, the United States, Cyprus, Poland, Spain, Uzbekistan, and Armenia. The Company’s principal executive office is located in New York City. In Kazakhstan, Freedom is actively developing its financial and digital ecosystem, which includes Freedom Bank, Freedom Broker, the insurance companies Freedom Life and Freedom insurance, as well as a lifestyle segment that features Arbuz.kz, Freedom Ticketon, and Aviata. Freedom Holding Corp. shares are traded on the U.S. technology exchange NASDAQ, the Kazakhstan Stock Exchange (KASE), and the Astana International Exchange (AIX) under the ticker symbol FRHC. Freedom Holding Corp. is regulated by the U.S. Securities and Exchange Commission (SEC), and the common stock is included in Russell 3000 Index.
S&P Upgrades Ratings on Freedom Holding Corp. Subsidiaries to “BB-”
S&P Upgrades Ratings on Freedom Holding Corp. Subsidiaries to “BB-” S&P Upgrades Ratings on Freedom Holding Corp. Subsidiaries to “BB-”
Did you buy VRRM common stock between February 24, 2026 and May 26, 2026?
Affected VRRM Investor Summary
Who: Verra Mobility Corporation (NASDAQ: VRRM) What: Securities fraud class action lawsuit filed Class Period: February 24, 2026 through May 26, 2026 Deadline to Seek Lead Plaintiff Status: August 4, 2026 Key Lawsuit Allegations: Material misstatements and/or omissions concerning the company's continued growth in its Commercial Services business and contract with Avis Budget Group. Investor Action: Contact Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) for recovery options , /PRNewswire/ -- Kessler Topaz Meltzer & Check, LLP (www.ktmc.com), a nationally recognized securities litigation law firm, informs investors that a securities fraud class action lawsuit has been filed against Verra Mobility Corporation (Verra) (NASDAQ: VRRM) on behalf of those who purchased or acquired Verra common stock between February 24, 2026 and May 26, 2026, inclusive. The lawsuit is filed in the United States District Court for the District of Arizona and is captioned Otucu v. Verra Mobility Corporation, Case No.2:26-cv-03973 (D. Ariz.). Investors have until August 4, 2026, to file for lead plaintiff status.
CONTACT KTMC TO DISCUSS YOUR LEGAL RIGHTS:
If you purchased or acquired Verra common stock and have lost money on your investment, you are encouraged to contact KTMC attorney Jonathan Naji, Esq. at:
There is no cost or obligation to speak with an attorney.
VERRA MOBILITY CORPORATION CLASS ACTION LAWSUIT - COMPLAINT ALLEGATION SUMMARY:
The complaint alleges that, throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Verra's optimistic plan for continued growth in its Commercial Services business was dependent on its relationship with Avis, and in particular obtaining a contract extension with Avis Budget Group; (2) Verra minimized concerns that major rent-a-car customers could replace Verra with in-house solutions or outsourced alternatives, making Verra's 2026 full year guidance increasingly unlikely to be met; and (3) as a result, Defendants' positive statements about the company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.
Why did Verra's Stock Drop?
On May 26, 2026, Verra disclosed that the company had received a termination notice from Avis Budget Group regarding its contract, which becomes effective in September 2026. Verra further disclosed that it "expects the termination to reduce Commercial Services' 2026 annualized revenue by approximately $135 million to $145 million and 2026 annualized segment profit by approximately $120 million to $125 million, before taking into account expected cost reduction initiatives." Verra accordingly lowered its full year 2026 financial outlook. On this news, Verra's stock price fell $9.23 per share, or 70.6%, to close at $3.85 per share on May 27, 2026.
On June 1, 2026, Verra announced that its President and Chief Executive Officer had been terminated as "the Board determined that a change in leadership [was] needed[.]"
WHAT VRRM INVESTORS CAN DO NOW:
File to be lead plaintiff by August 4, 2026. Contact KTMC for a free case evaluation. All representation is on a contingency fee basis, there is no cost to you. Retain counsel of choice or take no action. THE LEAD PLAINTIFF PROCESS FOR VERRA MOBILITY CORPORATION INVESTORS:
Verra investors may, no later than August 4, 2026, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.
Kessler Topaz Meltzer & Check, LLP encourages Verra investors to contact the firm for more information.
ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP (KTMC):
Kessler Topaz Meltzer & Check, LLP (KTMC) is a leading U.S. plaintiff-side law firm focused on securities-fraud class actions and global investor protection. The firm represents individual investors as well as institutions, such as major pension funds, asset managers, and international investors. KTMC has led some of the largest recoveries in securities litigation and has been recognized by peers and the legal media with numerous accolades, including The National Law Journal's Plaintiff's Hot List and Trailblazers in Plaintiffs' Law, BTI Consulting Group's Honor Roll of Most Feared Law Firms, The Legal Intelligencer's Class Action Firm of the Year, Lawdragon's Leading Plaintiff Financial Lawyers, and Law360's Titans of the Plaintiffs Bar. The firm operates globally with offices in Pennsylvania and California. KTMC has recovered over $25 billion for our clients and the classes they represent. For more information about Kessler Topaz Meltzer & Check, LLP, please visit www.ktmc.com. The complaint in this matter was not filed by KTMC.
CONTACT:
Jonathan Naji, Esq.
(484) 270-1453
280 King of Prussia Road
Radnor, PA 19087
[email protected]
May be considered attorney advertising in certain jurisdictions. Past results do not guarantee future outcomes.
Mattel's "KPop Demon Hunters" singing dolls of Mira, Rumi and Zoey.
Mattel Creations
Mattel’s KPop Demon Hunters singing dolls of Rumi, Mira and Zoey — as well as fashion dolls of the HUNTR/X trio and Jinu — are almost here as they’ve gone on pre-order with late July and early August release dates.
Netflix’s animated movie musical sensation celebrated its first anniversary on June 20, and in the days before and after the big date, Mattel and other toy licensees have been announcing pre-sales and releases of their KPop Demon Hunter product.
ForbesMattel’s ‘KPop Demon Hunters’ Demon Jinu Doll Picked By Fans Comes To Pre-SaleBy Tim Lammers
Most recently, a fan-selected doll of Demon Jinu went up for pre-order with June 2027 release date. However, the singing versions of Rumi, Mira and Zoey and the fashion dolls of the trio, as well as Jinu, are now available to pre-order and their ship dates are just over a month away.
In October, Netflix named Mattel the master licensee for dolls, action figures and other products for KPop Demon Hunters, while Hasbro was named master licensee for games and role-play toys, among other items.
MORE FOR YOU
Mattel's "KPop Demon Hunters" singing dolls of Mira, Rumi and Zoey packaged.
Mattel Creations
On Wednesday, eight months after the licensing agreement with Netflix was struck, Mattel announced the pending releases of the first dolls in the toymaker’s KPop Demon Hunters line. Available individually, the KPop Demon Hunters singing dolls of Rumi, Mira and Zoey are listed for pre-sale on Mattel Creations’ retail site, as well as other select retailers, with a retail price of $33 each.
As of the publication of this article, the singing Zoey doll has a ship date of July 31, while the singing Rumi and Mira dolls are each scheduled to ship on Aug. 7.
Each doll is dressed in their “Golden” song performance outfit and include a sound chip featuring three clips from the tune. The Rumi and Mira dolls, which are 11.5 inches tall, as well as the Zoey doll, which is 11 inches tall, all come with fully rooted hair and sculpted accessories.
ForbesHot Wheels SDCC Exclusives Inspired By ‘KPop Demon Hunters,’ ‘Stranger Things’ And ‘Top Gun’By Tim Lammers
“Golden,” of course, earned KPop Demon Hunters a Best Original Song Oscar at the 2026 Academy Awards in March, while the film was named Best Animated Feature. Then in late May, KPop Demon Hunters won four American Music Awards, including Song of the Year for EJAE, Audrey Nuna and Rei Ami, the singing voices of Rumi, Mira and Zoey, respectively.
Mattel's "KPop Demon Hunters" fashion dolls of Mira, Rumi, Zoey and Jinu.
Mattel Creations
The ‘KPop Demon Hunters’ Fashion Doll Line Features HUNTR/X In Their Demon Hunting OutfitsIn addition to the release of its KPop Demon Hunters singing doll line featuring the HUNTR/X trio, Mattel has listed for pre-sale fashion dolls of Rumi, Mira, Zoey and Saja Boys singer Jinu.
The Rumi, Mira and Jinu dolls are all 11.5 inches tall, while Zoey measures 11 inches tall. The HUNTR/X dolls are outfitted in their demon hunter apparel, while Jinu is wearing his “Soda Pop” outfit.
Forbes‘KPop Demon Hunters’ Toys’ Rollout Continues After Film Celebrates 1st AnniversaryBy Tim LammersThe Rumi, Mira, Zoey and Jinu fashion dolls are being released individually, and retail for $27 each. As of the publication of this article, Mira is scheduled to ship on July 31, while Zoey and Jinu have an Aug. 7 ship date. Rumi currently has a ship date of Oct. 9.
Like the KPop Demon Hunters singing dolls, Mattel’s fashion dolls of the characters are listed for pre-sale on Mattel Creations, as well as select retailers.
Rated PG, KPop Demon Hunters is streaming exclusively on Netflix.
Forbes‘Heated Rivalry’ Funko Pops! Revealed And Go On Pre-SaleBy Tim Lammers
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of FS KKR Capital Corp. (NYSE: FSK) between May 8, 2024 and February 25, 2026, inclusive (the “Class Period”), of the important July 6, 2026 lead plaintiff deadline.
SO WHAT: If you purchased FS KKR Capital 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 FS KKR Capital class action, go to https://rosenlegal.com/submit-form/?case_id=64089 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 6, 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, at that time, 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 hundreds of millions 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) FS KKR Capital overstated the effectiveness of its portfolio restructuring efforts for its nonaccrual companies; (2) FS KKR Capital overstated the valuation of its portfolio investments and/or overstated the effectiveness of FS KKR Capital’s portfolio valuation process; (3) FS KKR Capital overstated the durability of its quarterly distribution strategy; and (4) as a result of the foregoing, defendants’ positive statements about FS KKR Capital’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 FS KKR Capital class action, go to https://rosenlegal.com/submit-form/?case_id=64089 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
Casey's General Stores, Inc. (CASY) Analyst/Investor Day June 24, 2026 9:30 AM EDT
Company Participants
Brian Johnson - Senior Vice President of Investor Relations & Business Development
Darren Rebelez - President, CEO & Board Chair
Stephen Bramlage - Senior VP & CFO
Thomas Brennan - Senior VP & Chief Merchandising Officer
Brad Haga - Senior Vice President of Prepared Food & Dispensed Beverage
Ena Koschel - Chief Operating Officer
Nathaniel Doddridge - Senior Vice President of Fuel
Chad Frazell - Chief Human Resources Officer
Conference Call Participants
Corey Tarlowe - Jefferies LLC, Research Division
Krisztina Katai - Deutsche Bank AG, Research Division
Bradley Thomas - KeyBanc Capital Markets Inc., Research Division
Robert Griffin - Raymond James & Associates, Inc., Research Division
Jacob Aiken-Phillips - Melius Research LLC
Pooran Sharma - Stephens Inc., Research Division
Michael Montani - Evercore ISI Institutional Equities, Research Division
Phillip Blee - William Blair & Company L.L.C., Research Division
Mark Carden - UBS Investment Bank, Research Division
Kelly Bania - BMO Capital Markets Equity Research
Thomas Palmer - JPMorgan Chase & Co, Research Division
Bonnie Herzog - Goldman Sachs Group, Inc., Research Division
Edward Kelly - Wells Fargo Securities, LLC, Research Division
Presentation
Brian Johnson
Senior Vice President of Investor Relations & Business Development
Hello, and thank you for joining us today for our Investor Day. It's great to see both new and familiar faces in the crowd, and we are very excited to share our strategic plan. I'm Brian Johnson, Senior Vice President of Investor Relations and Business Development.
Before we begin, I'll remind you that today's presentation includes forward-looking statements and non-GAAP measures within the meaning of the Private Securities Litigation Reform Act of 1995, including those related to the expectations for future periods, possible or assumed future results of operations, financial conditions, liquidity and related sources or needs, business and/or integration strategies, plans and synergies, supply chain, growth opportunities and performance at our stores. There are a number of known and
Former Sterling McCall Ford location is among the dealerships now operating under the unified Group 1 brand
, /PRNewswire/ -- As part of its ongoing nationwide initiative to unify its extensive network of dealerships, Group 1 Automotive, Inc., a Houston-based automotive retailer with dealerships across the U.S. and U.K., today highlighted Group 1 Ford of Southwest Houston, formerly Sterling McCall Ford, which has operated under its new name since November 3, 2025.
The southwest Houston dealership is one of a growing number of U.S. locations aligned under the initiative, giving customers a clearer connection to Group 1's scale, resources, and operational standards while preserving the local team, Ford expertise, and customer relationships that have served southwest Houston for decades.
Backed by the scale, resources, and expertise of an international automotive retailer, Group 1 Automotive remains focused on delivering the personalized service and community connections that define the local dealership experience. Learn more at Group1Auto.com.
Better Customer Experience
The transition from Sterling McCall Ford to Group 1 Ford of Southwest Houston is part of a broader effort to create a more consistent customer experience across Group 1's U.S. retail network. The rebrand did not represent a change in ownership, staffing, product offerings, or day-to-day operations, and customers have continued to work with the same local professionals under the new name.
Group 1 Automotive has owned and operated the southwest Houston dealership for more than two decades. The new name formally connects the location to Group 1's national platform, giving local customers the benefit of a familiar southwest Houston dealership supported by the resources, technology, and operational discipline of a larger automotive group.
"Since taking our new name, our customers have found the same local team they know and trust, now with a clearer connection to the strength and resources of Group 1," said Sebastian Olszewski, General Manager of Group 1 Ford of Southwest Houston. "The name on the building changed, but what matters here has not: a consistent, convenient, and transparent experience, whether someone is shopping for a new Ford, servicing their current vehicle, or considering a trade-in."
Continuity of Service and Local Commitment
Group 1 Ford of Southwest Houston continues to serve customers from its existing location at 6445 Southwest Freeway in Houston, Texas, supporting drivers throughout southwest Houston, Bellaire, Sugar Land, and surrounding communities with new Ford vehicles, pre-owned vehicles, Ford service, parts, and maintenance support.
The dealership remains focused on the same local relationships that defined Sterling McCall Ford, while gaining a clearer connection to Group 1's broader retail network. Customers can expect continuity in the sales and service experience, along with the added benefit of a unified Group 1 brand that makes locations easier to recognize, find, and trust across markets.
Additional Customer Questions
Why did Sterling McCall Ford change its name to Group 1 Ford of Southwest Houston?
Sterling McCall Ford became Group 1 Ford of Southwest Houston on November 3, 2025 as part of Group 1 Automotive's effort to create a clearer, more consistent naming structure across its U.S. dealerships. The new name reflects the dealership's connection to Group 1 while continuing to serve customers in southwest Houston and the surrounding communities. As part of the Group 1 network — 250 dealerships offering 37 vehicle brands — the dealership connects customers to new and pre-owned sales, financing, service, parts, and collision support, with a consistent experience from transparent pricing to online scheduling at every Group 1 store.
How should shoppers compare Ford dealerships in a large market?
Useful comparison points include live inventory depth, pricing transparency, current incentives, customer reviews, and the service department's capabilities, including factory-trained technicians and parts availability. For commercial buyers, fleet programs and upfit support can also differentiate stores.
How can shoppers find a specific model or trim in stock?
Most dealership websites offer searchable live inventory filtered by model, trim, color, and features, and many allow shoppers to reserve an in-transit vehicle or request a locate from other stores in the dealer network. Contacting the dealership directly can also surface inbound inventory that has not yet been listed.
What are the benefits of a certified pre-owned vehicle?
Certified pre-owned (CPO) vehicles generally undergo a multi-point factory inspection and reconditioning process and include limited warranty coverage beyond a standard used vehicle. Benefits may also include roadside assistance and a vehicle history report, with specific coverage varying by program and model year.
About Group 1 Automotive, Inc.
Group 1 owns and operates 250 automotive dealerships, 310 franchises, and 32 collision centers in the United States and the United Kingdom that offer 37 brands of automobiles. Through its dealerships and omni-channel platform, the Company sells new and used cars and light trucks; arranges related vehicle financing; sells service and insurance contracts; provides automotive maintenance and repair services; and sells vehicle parts.
Media Contact:
Kimberly Barta
Head of Marketing, Brand and Communications
[email protected]
503-539-0756
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.
WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Futu Holdings Limited (NASDAQ: FUTU) resulting from allegations that Futu may have issued materially misleading business information to the investing public.
SO WHAT: If you purchased Futu securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.
WHAT TO DO NEXT: To join the prospective 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.
WHAT IS THIS ABOUT: On May 22, 2026, Reuters published an article entitled "China to crack down on 'illegal' cross-border securities" The article stated that China "announced a major crackdown on cross-border investment on Friday and said it would punish brokers it accused of illegally moving money to foreign markets, sending their shares plunging." Further, "online brokers Tiger, Futu and Longbridge would be penalised for soliciting business in China without an onshore licence, the securities regulator said."
On this news, Futu American Depositary Shares ("ADSs") fell 27.5% on May 22, 2026.
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 litigate securities class actions. 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, at that time, the largest ever securities class action settlement against a Chinese Company. At the time 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 hundreds of millions 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.
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After weeks of anticipation, Space Exploration Technologies (SPCX 1.01%) pulled off the biggest IPO in market history.
Elon Musk's space company raised $75 billion in its public offering, and the stock soared in its opening days, jumping from an IPO price of $135 to a peak of $225.64, reaching a market cap of nearly $3 trillion.
Since then, the stock has cooled off and has settled in a range of around $150-$160 a share over the last two days. Trading volume and interest remain sky-high more than a week after the IPO. On Tuesday, its lowest-volume day, roughly $20 billion worth of SpaceX stock changed hands.
Though the company is already one of the most valuable in the world, some SpaceX bulls believe the stock can move significantly higher over the long term. Fund manager Ron Baron said that SpaceX could be a $20 trillion or even $30 trillion company by 2040.
SpaceX itself hasn't been shy about making bold predictions, saying its actionable total addressable market is $28.5 trillion, the largest in human history. Most of that is made up of AI enterprise applications, which have yet to be developed.
SpaceX has also identified future markets like point-to-point terrestrial travel, space tourism, in-orbit manufacturing, asteroid mining, and transporting passengers and cargo to the moon and Mars.
Those are a set of opportunities that no other company can claim, and the company also differentiates itself with its mission to "make life multiplanetary, to understand the true nature of the universe, and to extend the light of consciousness to the stars."
Image source: Getty Images.
With a valuation already at $2 trillion, the upside potential for SpaceX is not as strong as most IPOs. SpaceX can't be Tesla, which went public in 2010 and has since returned 23,000%, turning $1,000 into roughly $230,000, as it accomplished its primary goal of taking electric vehicles mainstream.
With a valuation that's already $2 trillion, SpaceX is up against the law of large numbers. The valuation can't mathematically grow by 230 times because that would make it bigger than the global economy, which currently has a GDP of $123.6 trillion.
The company's addressable market, which seems fanciful, faces a similar obstacle: it's nearly as large as U.S. GDP.
At its current valuation, if SpaceX tripled, it would be the most valuable company in the world, surpassing Nvidia, which is currently worth around $5 trillion. To deliver the kind of returns that would make investors millionaires, in other words, SpaceX would almost certainly have to become the most valuable company in the world by a wide margin.
As tech stocks have become ascendant, the valuation of the most valuable company in the world has increased significantly, jumping from before the financial crisis to more than 10 times its value today.
However, repeating that will be difficult as Nvidia already represents about 8% of the value of the S&P 500, and increasing that percentage won't be easy.
Currently, market concentration in the top tech stocks is unusually high, and the S&P 500 is also near its most expensive level ever, according to metrics like the CAPE ratio.
Today's Change
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What it means for SpaceX stock In order for SpaceX to deliver the kind of returns, 10x or more, that could make ordinary investors millionaires, it would have to become far and away the most valuable company in the world.
I don't think that's impossible, but the company is so far away from executing on the kinds of things it would need to do to accomplish that, like interplanetary travel, that it seems highly unlikely.
Investors looking for millionaire-maker stocks are better off targeting companies with smaller market caps that can 10x without bending the traditional limits of math.
SpaceX did make plenty of millionaires, but it did so in the private markets. By not going public until it reached a valuation of nearly $2 trillion, the company has left a limited opportunity for retail investors.
Space Exploration Technologies (SPCX 1.01%), better known as SpaceX, is one of the hottest initial public offerings (IPOs) ever. So it's not surprising that both investors and fund managers are scrambling to get their hands on shares.
Some of the professionals take that desire to extremes. Most index funds have rules that govern how quickly they can add IPO shares and how much they can buy. Actively managed funds don't have those constraints. That means managers can take big home run swings quickly if they choose.
Image source: Getty Images.
The Baron First Principles ETF (RONB +0.47%) is one such fund. Its legendary head portfolio manager, Ron Baron, has put a massive 31% of the fund's assets in SpaceX, easily the largest allocation made to this stock in any ETF (exchange-traded fund).
The fund invests in what the company calls "first principles" businesses, those considered innovative companies pursuing large, disruptive opportunities. SpaceX certainly fits the bill. But the big question at this allocation is how much is too much.
I'm not sure this is ultimately about investment strategy as much as it is about grabbing assets. Prior to SpaceX's IPO, investors were looking for any means possible to get access to shares in the private markets. The Baron First Principles ETF offered that. By ratcheting up the exposure, it offered investors what few could -- a sizable allocation to SpaceX.
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While that might be appealing to investors, it's not a sound strategy for the fund. By taking such a significant position in a single company, it runs the risk of a deep drawdown and heightened volatility should investors decide that valuation, company execution, or financial performance is questionable.
The fund's lack of diversification means it doesn't belong in the core of a portfolio. The short operating history means investors don't have a good handle on how the fund will perform in different economic cycles, either.
It all makes for an interesting ETF story, but not so much a long-term investment.
David Dierking has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Shares of Marvell Technology (MRVL 1.40%) have soared by almost 200% this year, as of this writing. The company received a major vote of confidence from one of the most authoritative voices in artificial intelligence (AI). Earlier this month, Jensen Huang, the CEO of Nvidia (NVDA 0.93%), claimed that Marvell would be the next trillion-dollar company. Huang has put his money where his mouth is. In March, Nvidia invested $2 billion in Marvell Technology. However, the AI chipmaker's market cap is currently $237 billion, and several much larger corporations are also capitalizing on AI, including Advanced Micro Devices (AMD 0.29%). Could Marvell really overtake AMD (and others) to become the next trillion-dollar company?
Image source: The Motley Fool.
A nearly insurmountable lead AMD's market cap tops $836 billion. Even with much more modest returns than Marvell over the next few years, AMD should reach $1 trillion first. Perhaps Marvell could generate Nvidia-like returns through 2030 while AMD actually loses value, but that's unlikely. AMD has also performed well this year -- its shares are up 126% to date -- and the company is riding a tailwind that may keep its momentum going through the end of the decade (and beyond). AMD is one of the leaders in the CPU (Central Processing Unit) market. As the AI industry shifts to agentic AI -- self-directed systems that can organize, plan, and execute tasks with limited human intervention -- the demand for CPUs should soar.
AMD argues that through the first phase of the AI revolution, dominated by chatbots like ChatGPT, the ratio of CPUs to GPUs (Graphics Processing Units) was between 1:4 and 1:8. However, the advent of AI agents will bring it closer to 1:1, or perhaps an even higher number on the CPU side. Huang has also expressed extremely bullish sentiment about agentic AI, and Nvidia is looking to tap into the demand it will create for CPUs. That's why Nvidia launched Vera CPU; it expects $20 billion in stand-alone CPU revenue through the end of the year.
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Elsewhere, Intel (INTC 0.48%), another leader in the CPU market, is also seeing incredible momentum and soaring demand for its products. So, we have multiple data points that confirm AMD's view of the industry. And even though it is facing stiff competition, there are several reasons it could be one of the major winners. First, AMD and Intel have dominated this market for a long time and have built deep expertise, as well as extensive partner ecosystems that give them a competitive advantage.
Second, AMD has gained market share on Intel in recent quarters, and has shown even stronger pricing power than its peer, partly thanks to a more sound manufacturing strategy (Intel has faced issues on that front that have slowed down its business). AMD now expects the server CPU market to grow at a compound annual rate (CAGR) of 35% over the next few years and reach $120 billion by 2030. That's almost double the 18% CAGR it had predicted at the end of last year. AMD is well-positioned to ride that wave, beat the market, and become a trillion-dollar stock before 2030 and long before Marvell ever does so.
Marvell may not reach $1 trillion before AMD, but there are good reasons to share Huang's general enthusiasm for this company. It is a leader in the design of Application-Specific Integrated Circuits (ASICs), custom chips designed to handle specific workloads. Hyperscalers and other companies are increasingly relying on these chips to help reduce their reliance on Nvidia's hardware, while also cutting costs and boosting margins, since they can sometimes be more cost-effective than comparable GPUs.
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Further, companies like Amazon and Alphabet are exploring selling their custom chips to external customers, a bullish sign for Marvell. Meanwhile, the company continues to post strong financial results and expects its revenue growth to accelerate each quarter of its ongoing fiscal year. Marvell could continue performing well over the next few years as demand for ASICs soars. The company may not become the next trillion-dollar stock, but it is a great pick for investors looking to capitalize on AI.
Prosper Junior Bakiny has positions in Alphabet, Amazon, and Nvidia. The Motley Fool has positions in and recommends Advanced Micro Devices, Alphabet, Amazon, Intel, Marvell Technology, and Nvidia. The Motley Fool has a disclosure policy.
Press Release
Nokia, Databricks demonstrate unified data platform for autonomous networks
Proof of concept validates cloud-agnostic approach for network operators to scale AI-driven operations, deploy real-time analytics without rewriting code. 24 June 2026
Espoo, Finland – Nokia and Databricks today announced the successful completion of a joint proof of concept (PoC) demonstrating a unified, substrate-agnostic data platform designed to support AI-driven autonomous networks. The collaboration shows how telecommunication providers can simplify fragmented data environments and deploy real-time analytics at scale, enabling faster decision-making, improved network performance, and more efficient operations.
The PoC addresses a long-standing industry challenge: Telecom networks typically rely on hundreds of siloed operational and business support systems, each with its own data architecture, making it difficult to apply AI consistently across domains. To truly harness AI and multi-agent systems, operators need a common data platform that can run seamlessly across different cloud environments or on-premise infrastructure, without the need to rewrite code.
The POC confirmed Databricks and Nokia’s ability to develop a joint architecture that efficiently handles the massive scale and real-time ingestion speeds required to feed network data to AI agents for automated, cross-domain decision-making.
“Teaming up with Databricks represents a big step as we work toward building the types of data foundations required for next-generation autonomous networks. By enabling a common, flexible data platform across cloud environments, we can help operators accelerate the adoption of AI and create more efficient, resilient and sustainable networks,” said Oguz Sunay, CTO AI and Autonomous Networks, Nokia.
“Telecom operators are managing increasingly complex networks and need a more consistent way to harness their data. Our collaboration with Nokia demonstrates how a unified data platform can help simplify operations and unlock the value of AI across network domains,” said Nevash Pillay, Global Head of Telecommunications Industry, Databricks.
About the POC
Engineering teams from Nokia and Databricks focused on a real-time performance management use case, simulating analytics ingestion with an intent to scale quickly to match tier-1 operator scale in the cloud. Their work delivered several key technical breakthroughs designed to simplify how telecom operators build and run data-driven services across different environments:
Cross-platform data pipelines, without coding complexity: Data pipelines were created once and deployed across different platforms without modification. In trials, the same data workflows ran seamlessly on both Databricks and an open-source stack based on Apache Flink, Kafka, and Iceberg, supporting real-time streaming, batch processing, and query-time data products.Vendor-neutral data logic design: To avoid lock-in to any single platform, Nokia engineers developed transformation logic using an abstract, platform-independent expression in Python. By separating the core logic from platform-specific connectors, the same data workflows could be reused across multiple environments.Automated deployment across environments: The teams validated a custom compiler that automatically adapted workflows at deployment. Based on the target environment, it translated the abstract logic into native formats — such as Delta Live Tables for Databricks or Flink SQL for open-source systems — and added the platform-specific connectors, eliminating manual rework and accelerating time to deployment.AI-powered creation of new data products: The project also showcased how AI can streamline operations. Using simple natural language prompts, an intelligent data fabric agent can generate new data products, request human validation, and deploy the pipeline automatically, resulting in faster innovation with less manual effort. In the agentic world, the same mechanism can be leveraged by other agents to create dynamic data products on demand by communicating (agent to agent) with the data fabric agent.Data fabric built for the agentic world: Query-time data products computing derived metrics, applying filters, aggregating, enriching, or joining data on read instead of duplicating it.Zero-copy sharing, making cross-domain data consumption lightweight and real-time.A mechanism to selectively feed upper temporal layers in the cloud, where agents run retrospective tasks like root-cause analysis on past events. Moving ahead
Nokia and Databricks plan to continue their collaboration around enhancing autonomous network capabilities, helping operators transition to a future where AI applications increasingly access, correlate, and act on large-scale network data in real time.
Multimedia, technical information and related news
Web Page: Autonomous Networks | Nokia
About Nokia
Nokia is a global leader in connectivity for the AI era. With expertise across fixed, mobile, and transport networks, we’re advancing connectivity to secure a brighter world.
About Databricks
Databricks is the Data and AI company. More than 20,000 organizations worldwide — including adidas, AT&T, Bayer, Block, Mastercard, Rivian, Unilever, and 70% of the Fortune 500 — rely on Databricks to build and scale data and AI apps, analytics and agents. Headquartered in San Francisco with 30+ offices around the globe, Databricks offers a unified platform that includes Lakebase, Genie, Agent Bricks, Lakeflow, Lakehouse, and Unity Catalog. To learn more, follow Databricks on LinkedIn, X, YouTube, and Instagram.
Press Release
Nokia, Amazon Web Services expand collaboration to deliver autonomous networks built for the AI era
Leveraging AWS’s AI and cloud services, Nokia’s Autonomous Network Fabric will help operators transition to networks that operate at machine speed to connect intelligence. 24 June 2026
Espoo, Finland — Nokia and Amazon Web Services (AWS) today announced they are expanding their collaboration to deliver autonomous networks built for the AI era, making it easier for telecommunication providers to run their full operational stack in the cloud.
Nokia and AWS are collaborating to run Nokia’s Autonomous Networks Fabric on AWS, giving operators access to advanced AI and cloud services required for Level 4 autonomy. This builds on a set of existing digital operations applications from Nokia — covering orchestration, assurance, and unified inventory — already on the platform. Availability is expected later this year.
Nokia’s Autonomous Network Fabric weaves together a broad portfolio that delivers intent-based service orchestration across multi-domain, multi-vendor networks; provides 360-degree observability with AI-powered anomaly detection, root cause analysis, and closed-loop resolution; and offers a single source of truth for network topology and resources.
The Fabric unifies observability, analytics, security, and automation through four core capabilities:
Unified Data Management across domains.Agentic AI for service operations and optimization.Digital Twin simulations for proactive impact assessment.Intent-Based Networking that translates business goals into automated closed-loop actions. ‘This is how telcos will compete in the AI era’
While legacy network management tools require teams of experts to manually oversee mobile, fixed, and transport networks in silos, Nokia helps operators evolve from static infrastructures to programmable, AI-native platforms that anticipate changing traffic mixes and operate at machine speed to connect intelligence.
“Autonomous networks have gone from far-off vision to business imperative. At Nokia, we move operators toward greater autonomy through the convergence of intent-based networking, agentic AI, and cloud-native architecture. Together with AWS, we’re building a platform that scales operators’ ambitions while maintaining the control and governance they need. This is how telcos will compete in the AI era,” said Oguz Sunay, CTO, AI and Autonomous Networks, Nokia.
Running on AWS, Nokia’s solutions gain elastic scalability, global availability, and broad model choices through cloud AI and ML services — including Amazon Bedrock and Amazon SageMaker — enabling operators to innovate faster while reducing infrastructure costs. Nokia is also engineering an optimized cloud footprint that minimizes compute and storage requirements versus traditional on-premises deployments.
“The shift to autonomous network operations is ultimately about speed and step-change efficiency. Speed to detect, speed to resolve, speed to monetize. Achieving step-change cost efficiency is critical for customers to unlock agentic value in the AI era. Nokia’s decision to optimize its full operational stack on AWS means operators can take advantage of elastic scalability, purpose-built AI and ML services, and the most extensive global infrastructure footprint for wherever their networks operate. Together, we're compressing years of transformation into months, delivering step-change improvements in cost efficiency and revenue growth,” said Amir Rao, global director for Telco Solutions at AWS.
Cloud-based network innovation
Today’s news is the latest in a series of announcements between Nokia and AWS related to cloud-based network innovation. At MWC in March, the companies showcased the industry’s first agentic AI-powered network slicing alongside du and Orange. In February, they announced the world’s first commercial mobile service on 5G Core SaaS, running on Belgium’s Citymesh network.
In addition to these developments, Nokia’s autonomous networks portfolio is already delivering measurable results, with operators achieving automation rates exceeding 90%, service delivery times of four hours or less, and service interruption periods of one minute per year or fewer — along with up to 85% reduction in slice rollout time and up to 50% fewer customer-impacting incidents.
Nokia and AWS are committed to a collaborative innovation agenda that combines Nokia’s telecom-trained AI models and domain expertise with AWS’s AI services to deliver increasingly autonomous network operations. Together, the companies will go to market to help operators evolve their operational stacks, increase autonomous operations and unlock new revenue streams.
Multimedia, technical information and related news
Web Page: Autonomous Networks
Product Page: Digital Operations Center
Press release: Nokia and AWS showcase industry-first agentic AI-powered network slicing with du and Orange #MWC26
Press release: Citymesh goes live with world’s first commercial mobile service on 5G Core SaaS, powered by Nokia and AWS
About Nokia
Nokia is a global leader in connectivity for the AI era. With expertise across fixed, mobile, and transport networks, we're advancing connectivity to secure a brighter world.
About Amazon Web Services
Amazon Web Services (AWS) is guided by customer obsession, pace of innovation, commitment to operational excellence, and long-term thinking. By democratizing technology for nearly two decades and making cloud computing and generative AI accessible to organizations of every size and industry, AWS has built one of the fastest-growing enterprise technology businesses in history. Millions of customers trust AWS to accelerate innovation, transform their businesses, and shape the future. With the most comprehensive AI capabilities and global infrastructure footprint, AWS empowers builders to turn big ideas into reality. Learn more at aws.amazon.com and follow @AWSNewsroom.
I initiate coverage on Adobe with a Strong Buy rating, citing a 45% YTD decline and multi-year low valuation. Despite AI disruption fears, ADBE's fundamentals remain robust, with both top and bottom-line growth accelerating. At 8x forward P/E, I believe most risks are already priced in, positioning ADBE for potential outperformance.
ESTERO, Fla.--(BUSINESS WIRE)--Hertz Global Holdings, Inc. (NASDAQ: HTZ) (“Hertz” or the “Company”), a leading global rental car company, today announced that its wholly-owned indirect subsidiary, The Hertz Corporation (“Hertz Corp.”), has priced an offering of $350 million aggregate principal amount of 6.75% Exchangeable Senior First-Lien Secured PIK Notes due 2030 (the “Notes”) in a private offering exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). Hertz Corp. also granted the initial purchasers of the Notes an option to purchase, for settlement within a period of 13 days from, and including, the date the Notes are first issued, up to an additional $50 million aggregate principal amount of Notes. The aggregate principal amount of the offering was increased from the previously announced offering size of $300 million. The offering is expected to close on or about June 29, 2026, subject to customary closing conditions.
Hertz Corp. estimates that the net proceeds from the issuance of the Notes, after deducting the initial purchasers’ discount but before estimated offering expenses payable by Hertz Corp., will be approximately $339.5 million (or approximately $388.0 million if the initial purchasers exercise in full their option to purchase additional Notes). Hertz Corp. intends to use the net proceeds from the issuance of the Notes to repay outstanding borrowings under its revolving credit facility and for general corporate purposes.
The Notes will bear interest from, and including, June 29, 2026, the issue date of the Notes, payable semi-annually in arrears on January 1 and July 1 of each year, beginning on January 1, 2027. Each payment of interest on the Notes (excluding any additional interest, special interest and default interest) will consist of (i) 3.375% of such interest payment to be paid in cash and (ii) 3.375% of such interest payment to be paid in the form of PIK interest. The Notes will mature on July 1, 2030, unless earlier repurchased, redeemed or exchanged in accordance with their terms prior to maturity.
The Notes will be exchangeable at any time until the close of business on the second scheduled trading day immediately preceding the maturity date. The Notes will be exchangeable on the terms set forth in the indenture governing the Notes into cash, shares of the Company’s common stock, par value $0.01 per share (the “Common Stock”), or a combination thereof, at Hertz Corp.’s election. The aggregate number of shares of Common Stock that may be issued upon exchange of the Notes may not exceed 19.9% of the number of shares of Common Stock outstanding prior to the offering of the Notes unless and until the shareholders of the Company approve such issuance.
The exchange rate will initially be 279.5248 shares of Common Stock per $1,000 capitalized principal amount of Notes (equivalent to an initial exchange price of approximately $3.58 per share of Common Stock). The initial exchange price of the Notes represents a premium of approximately 32.5% above the public offering price of $2.70 per share of the Borrowed Shares in the concurrent offering of the Borrowed Shares described below. The exchange rate and exchange price will be subject to adjustment upon the occurrence of certain events. If a “make-whole fundamental change” (as defined in the indenture for the Notes) occurs, Hertz Corp. will, in certain circumstances, increase the exchange rate for a specified time for holders who exchange their Notes in connection with that make-whole fundamental change.
Holders of the Notes will have the right to require Hertz Corp. to repurchase all or a portion of their Notes at 100% of their capitalized principal amount of the Notes plus accrued and unpaid cash interest to, but excluding, the date of such repurchase, upon the occurrence of certain corporate events constituting a “fundamental change” as defined in the indenture governing the Notes. Hertz Corp. may not redeem the Notes prior to January 6, 2029. On or after January 6, 2029 and on or prior to the 31st scheduled trading day immediately preceding the maturity date, if the last reported sale price per share of Common Stock has been at least 130% of the exchange price for the Notes for certain specified periods, and certain other conditions are satisfied, Hertz Corp. may redeem all or any portion (subject to certain limitations) of the Notes at a cash redemption price equal to 100% of the capitalized principal amount of the Notes to be redeemed plus accrued and unpaid cash interest to, but excluding, the date of such redemption.
The Notes are expected to be guaranteed by the Company, Rental Car Intermediate Holdings, LLC, Hertz Corp.’s direct parent company, and each of Hertz Corp.’s existing domestic subsidiaries and future restricted subsidiaries that guarantee indebtedness under Hertz Corp.’s first lien credit facilities or certain other indebtedness for borrowed money. The Notes and the related guarantees (other than the guarantee by the Company) are expected to be secured (subject to certain exceptions and permitted liens) on a first-lien basis by the same assets (other than certain excluded property) that secure indebtedness under Hertz Corp.’s first lien credit facilities and existing first lien secured notes, and are therefore expected to be effectively pari passu with indebtedness under Hertz Corp.’s first lien credit facilities and existing first lien secured notes.
The Notes and the related guarantees were offered and sold only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act. The Notes, the related guarantees and any shares of Common Stock issuable upon exchange of the Notes have not been and will not be registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements under the Securities Act and the securities laws of any other jurisdiction.
Concurrently with the offering of the Notes, Hertz also announced today by separate press release the pricing of a separate registered public offering of 37,037,037 shares of Common Stock at a public offering price of $2.70 per share. Such shares (the “Borrowed Shares”) will be loaned by Hertz to a financial institution (the “Share Borrower”), acting as an underwriter in the offering of the Borrowed Shares, pursuant to a share lending agreement. The Share Borrower or its affiliates will receive all of the proceeds of the concurrent offering of Borrowed Shares and neither Hertz nor Hertz Corp. will receive any of the proceeds of that offering, but the Share Borrower will pay Hertz a nominal lending fee for the use of the Borrowed Shares pursuant to the share lending agreement. The Share Borrower will be required to return the Borrowed Shares (or identical shares of Common Stock) to the Company pursuant to the terms of the share lending agreement. Hertz has been informed by the Share Borrower that it or one of its affiliates intends to sell the Borrowed Shares and use the resulting short position to facilitate transactions by which investors in the Notes may hedge their investments through short sales or privately negotiated derivatives transactions. The activity described above could affect the market price of the Common Stock or the Notes otherwise prevailing from time to time.
This press release is not an offer to sell or purchase, or a solicitation of an offer to sell or purchase, the Notes, the related guarantees, the shares of Common Stock issuable upon exchange of the Notes or the Borrowed Shares and does not constitute an offer, solicitation or sale in any state or jurisdiction in which, or to any person to whom such an offer, solicitation or sale would be unlawful.
The concurrent offering of the Borrowed Shares is contingent upon the closing of the offering of the Notes. The offering of the Notes is not contingent upon the closing of the concurrent offering of the Borrowed Shares.
ABOUT HERTZ
Hertz Global Holdings, Inc. is one of the world’s leading car rental and mobility solutions providers. Its subsidiaries, including The Hertz Corporation, and licensees operate the Hertz, Dollar, Thrifty, and Firefly vehicle rental brands, with more than 11,000 rental locations in 160 countries around the globe. The Company also operates the Hertz Car Sales brand, which offers a range of quality, competitively priced used cars for sale online and at locations across the United States, and the Hertz 24/7 car-sharing business in Europe.
This press release contains “forward-looking statements” within the meaning of the federal securities laws. Words such as “expect,” “will” and “intend” and similar expressions identify forward-looking statements, which include but are not limited to statements related to our positioning, strategy, vision, forward looking investments, conditions in the travel industry, our financial and operational condition, our sources of liquidity, the offering of the Notes, the offering of the Borrowed Shares, the anticipated terms of the Notes and Hertz Corp.’s expected use of proceeds from the proposed offering. We caution you that these statements are not guarantees of future performance and are subject to numerous evolving risks and uncertainties that we may not be able to accurately predict or assess, including risks and uncertainties related to completion of the offering on the anticipated terms or at all, market conditions (including market interest rates) and the satisfaction of customary closing conditions related to the offering, unanticipated uses of capital and those in our risk factors that we identify in the offering memorandum for the offering and our most recent annual report on Form 10-K for the year ended December 31, 2025, as filed with the U.S. Securities and Exchange Commission on February 26, 2026, and any updates thereto in the Company’s quarterly reports on Form 10-Q and current reports on Form 8-K. We caution you not to place undue reliance on our forward-looking statements, which speak only as of their date, and we undertake no obligation to update this information.
ESTERO, Fla.--(BUSINESS WIRE)--Hertz Global Holdings, Inc. (NASDAQ: HTZ) (“Hertz” or the “Company”), a leading global rental car company, today announced that it has priced a SEC-registered offering of 37,037,037 shares of its common stock, par value $0.01 per share, (the “Common Stock”), at a public offering price of $2.70 per share. Such shares (the “Borrowed Shares”) will be loaned by the Company to J.P. Morgan Securities LLC (in such capacity, the “Share Borrower”), one of the underwriters of the offering of the Borrowed Shares, pursuant to a share lending agreement. The Share Borrower or its affiliates will receive all of the proceeds of the offering of Borrowed Shares and neither the Company nor The Hertz Corporation, the Company’s wholly-owned indirect subsidiary (the “Hertz Corp.”), will receive any of the proceeds of the offering, but the Share Borrower will pay the Company a nominal lending fee for the use of the Borrowed Shares pursuant to the share lending agreement. The Share Borrower will be required to return the Borrowed Shares (or identical shares of Common Stock) to the Company pursuant to the terms of the share lending agreement. The Company has been informed by the Share Borrower that it or one of its affiliates intends to sell the Borrowed Shares and use the resulting short position to facilitate transactions by which investors in the Notes (as defined below) may hedge their investments through short sales or privately negotiated derivatives transactions. The activity described above could affect the market price of the Common Stock otherwise prevailing from time to time. The offering of the Borrowed Shares is contingent upon the closing of a private offering of the Exchangeable Senior First-Lien Secured PIK Notes due 2030 (the “Notes”) that Hertz Corp. priced today. The private offering of the Notes is not contingent upon the closing of the offering of the Borrowed Shares.
The offering of the Borrowed Shares was made by means of a prospectus. Copies of the prospectus may be obtained from J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, telephone 1-866-803-9204 or from Barclays Capital Inc, c/o Broadridge Financial Solutions 1155 Long Island Avenue Edgewood, NY 11717 or by phone at 1-888-603-5847.
This press release is not an offer to sell or purchase or a solicitation of an offer to sell or purchase the Borrowed Shares or the Notes, and does not constitute an offer, solicitation or sale in any state or jurisdiction in which, or to any person to whom such an offer, solicitation or sale would be unlawful.
ABOUT HERTZ
Hertz Global Holdings, Inc. is one of the world’s leading car rental and mobility solutions providers. Its subsidiaries, including The Hertz Corporation, and licensees operate the Hertz, Dollar, Thrifty, and Firefly vehicle rental brands, with more than 11,000 rental locations in 160 countries around the globe. The Company also operates the Hertz Car Sales brand, which offers a range of quality, competitively priced used cars for sale online and at locations across the United States, and the Hertz 24/7 car-sharing business in Europe.
This press release contains “forward-looking statements” within the meaning of the federal securities laws. Words such as “expect,” “will” and “intend” and similar expressions identify forward-looking statements, which include but are not limited to statements related to our positioning, strategy, vision, forward looking investments, conditions in the travel industry, our financial and operational condition, our sources of liquidity, the offering of the Borrowed Shares, the offering of the Notes and the anticipated completion and timing of the offering. We caution you that these statements are not guarantees of future performance and are subject to numerous evolving risks and uncertainties that we may not be able to accurately predict or assess, including risks and uncertainties related to completion of the offering on the anticipated terms or at all, market conditions and the satisfaction of customary closing conditions related to the offering, unanticipated uses of capital and those in our risk factors that we identify in the prospectus for the offerings and our most recent annual report on Form 10-K for the year ended December 31, 2025, as filed with the U.S. Securities and Exchange Commission on February 26, 2026, and any updates thereto in the Company’s quarterly reports on Form 10-Q and current reports on Form 8-K. We caution you not to place undue reliance on our forward-looking statements, which speak only as of their date, and we undertake no obligation to update this information.