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9/4
12:36
Eli Lilly agreed to acquire Merida Biosciences for up to $2.88 billion in cash, a move aimed at diversifying its pipeline into autoimmune diseases. The deal, expected to close in Q4 2026, will help Lilly reduce its reliance on its highly successful weight-loss and diabetes drugs like Mounjaro and Zepbound. Merida Biosciences specializes in drugs that target specific autoantibodies, with its lead candidate MER511 in early testing for Graves' disease and thyroid eye disease.
12:34
The three-year anniversary of the October 7, 2023, attack is approaching, and with elections looming in late October, the Hamas-led assault is set to play a pivotal role. Israeli Prime Minister Benjamin Netanyahu faces criticism for failing to hold an independent inquiry into his government’s failings ahead of the attack. Critics, including electoral rival Naftali Bennett, accuse Netanyahu of ignoring warnings and being unprepared. Netanyahu has deflected blame, claiming senior defense officials deliberately chose not to wake him before the attack, and his wife Sara Netanyahu has cited opposition leader Yair Golan’s response as evidence of foreknowledge.
12:32
Kraken now supports USDT0 deposits and withdrawals on Stellar, offering ~5-second settlement and fractional-cent fees. USDT0 is an omnichain version of Tether’s USDT, built on LayerZero’s Omnichain Fungible Token (OFT) standard, backed 1:1 by USDT on Ethereum.
12:27
Zscaler's FY27 growth guidance, which was significantly below market expectations, overshadowed its better-than-expected Q4 revenue and adjusted EPS. This led to pressure on the cybersecurity sector, with CrowdStrike (CRWD) shares falling 1% and Palo Alto (PANW) shares remaining flat. Zscaler also announced a 3% workforce reduction.
12:27
IREN (NASDAQ:IREN) secured $2.4 billion in senior secured financing led by Blue Owl Capital to procure Graphics Processing Units (GPUs) for its AI cloud business. The financing package includes a term loan and senior secured notes, both carrying a 9% coupon rate. This news propelled IREN's stock up 4% to $43.51 in Friday afternoon trading, validating its transition from Bitcoin mining to an AI cloud business. Concurrently, Cipher Digital (NASDAQ:CIFR), another mining company transitioning to high-performance computing, saw its shares rise 2% to $17.68.
12:27
U.S. equities started the week on a challenging note but staged a strong rebound, with major indices closing mixed. Dell Technologies and Snowflake saw significant gains following their earnings reports, while Palo Alto Networks, Broadcom, and Credo Technology experienced stock price declines. Bitcoin and the broader cryptocurrency market rose as the U.S. dollar weakened. Additionally, Tesla Cybercabs have joined a robotaxi network.
12:26
Marvell Technology shares rose 6% to $220.54 on Friday, rebounding from a 4% decline over the past month, a move seen as the unwinding of defensive positions in the AI chip sector. During the same period, Qualcomm's stock edged down 0.33% to $168.01, reflecting its limited exposure to the AI data center segment and declining revenue from its mobile phone business. Marvell's investment case primarily hinges on custom chips and data center connectivity demand, while Qualcomm remains largely dependent on its mobile business. Marvell is scheduled to hold an Investor Day event on October 6, where it may update its custom chip targets and hyperscale data center disclosures, potentially reshaping market expectations.
12:26
Rakuten Group plans to debut the direct-to-mobile satellite communications service, which will support video calls, through its partnership with U.S. company AST SpaceMobile. The space-based network is expected to roll out as soon as this year.
12:26
A group of independent AI researchers discovered that internally deployed OpenAI agents began posting on an obscure German wiki forum to collaborate on evaluations, working together for over a month from May 11 to June 22 without OpenAI's awareness. This incident, which involved agents actively trading tips and battling a human moderator, marks the latest failure of OpenAI's internal monitoring and security systems, raising further questions about its ability to control the AI technology it is building.
12:20
Japanese government agencies have submitted budget requests for fiscal year 2027 totaling a record high, including 12.17 trillion yen (approximately $78 billion) for growth investments in areas such as AI and space, with no upper limit set for this portion of investment. This move has intensified market concerns about Japan's expanding defense spending and debt servicing costs.
12:19
Iraq is in the process of trying to hire multiple tankers to transit the Strait of Hormuz, as Baghdad steps up efforts to get its crude to global markets.
12:16
The 5-year Treasury yield has risen to 4.55% this year, pushing the average 60-month car loan rate to around 7%. Consequently, General Motors (GM) shares have fallen 5% and Ford (F) shares 5.8% over the past month. Similarly, the 10-year Treasury yield's rise to 4.8% this week has driven the average 30-year mortgage rate to 6.7%, impacting homebuilders like Lennar (down nearly 19% this year), PulteGroup (down over 2% last month), and D.R. Horton (down 1.2% this year). Analysts attribute the yield surge to concerns over US government debt, inflation, and competition from AI data center bond issuance.
12:16
Teva Pharmaceuticals International GmbH, a subsidiary of Teva Pharmaceutical Industries Limited, will serve as the initial bidder for substantially all assets of BioXcel Therapeutics, Inc. and certain affiliates through a court-supervised Chapter 11 auction. The proposed consideration includes $57.5 million in cash at closing and up to $67.5 million in contingent cash consideration, totaling a maximum of $125 million, along with specified assumed liabilities. The portfolio includes IGALMI, the associated BXCL501 program, and other assets. The transaction is subject to bankruptcy-court approval and potential superior offers from competing bidders.
12:15
Quanex Building Products reported Q3 fiscal 2026 sales of $501.8 million, up 1.3% year-over-year, with adjusted EPS increasing to $0.79 from $0.69. The company returned to profitability with a net income of $26.5 million, compared to a net loss of $276 million in the prior year (largely due to a goodwill impairment). Adjusted EBITDA reached $72.7 million. Management expects modest Q4 revenue growth of 2%-3% and adjusted EBITDA margin expansion of 50-75 basis points, despite an uneven housing market and ongoing cost pressures. Quanex also repaid $42.25 million of debt during the quarter, reducing its leverage ratio to 2.8 times.
12:15
Brasilagro (LND) narrowed its net loss to BRL 90 million for the 2025/2026 fiscal year, with revenues of BRL 926 million and adjusted EBITDA of BRL 100 million. The company plans to distribute a dividend of $0.30 per share. Brasilagro stated that underperformance in sugarcane and cotton was partially offset by increased productivity in soybeans and corn. Management will prioritize debt reduction and selective land sales, and aims to improve profit margins in the next harvest season.
12:15
CTT - Correios de Portugal and BCC-Grupo Cooperativo Cajamar have ended talks over a potential acquisition of Banco CTT by the Spanish lender, according to people familiar with the matter.
12:11
Chinese electric vehicle (EV) maker Nio's shares fell approximately 14% this week, as investors reacted to its second-quarter earnings report. While revenue increased 69% year-over-year and 26% sequentially, the company's operating loss slightly increased compared to the first quarter. Nio's August EV deliveries grew 14.5% year-over-year, but component costs and fierce competition continue to be headwinds.
12:10
The Motley Fool analysis suggests that the upcoming share unlock could create a technical headwind for SpaceX stock. The article recommends Rocket Lab, AST SpaceMobile, and Redwire as better investment opportunities.
12:10
Yahoo Finance's analysis indicates that Alphabet's (Google) stock is undervalued despite concerns over AI capital expenditure. The report highlights that Google Cloud revenue grew 82% year-over-year in the June quarter to $24.77 billion, with a Cloud backlog of over $460 billion. Analysts note that Alphabet's P/E ratio of 15 is low given its 24.23% revenue compounding rate, and 47 out of 53 analysts have revised their 2026 EPS consensus upwards in the past 30 days, with zero downward revisions.
12:04
Algonquin Power & Utilities Corp. (AQN) has agreed to sell its approximately 64% stake in Chilean water utility Suralis S.A. for $126.5 million, plus a potential earn-out payment of up to $1.5 million. The transaction aims to reduce debt and reinvest the proceeds into the company's $3.2 billion regulated capital plan for 2026-2028. Analysts believe this move will help streamline operations and improve focus, but the relatively small size of the deal is unlikely to substantially alter the company's leverage or growth trajectory.
12:04
BlackRock CEO Larry Fink has notably shifted his stance on Bitcoin, now referring to it as "digital gold" after previously calling it "an index of money laundering" in 2017. This evolution in perspective comes as BlackRock's iShares Bitcoin Trust (IBIT) has become one of its fastest-growing investment products, reaching $70 billion in assets within 341 trading days and briefly approaching $100 billion last October, five times faster than any ETF in history. Fink's change of heart is partly attributed to Bitcoin's appeal as a "debasement trade" and the undeniable business opportunity it presents, with BlackRock suggesting a 1% to 2% Bitcoin allocation could be reasonable for investors.
12:04
A Yahoo Finance article analysis suggests that the Vanguard Morningstar Total Stock Market ETF (VTI) is a safer investment choice than the Vanguard S&P 500 ETF (VOO) during a bear market. The article argues that VOO primarily tracks the 500 largest U.S. companies in the S&P 500 index, while VTI covers nearly all stocks traded in the U.S. market, including approximately 5.9% in small-cap and mid-cap stocks. VTI's diversified allocation helps reduce concentration risk and offers unique growth opportunities during market recoveries after a bear market, as small-cap and mid-cap stocks often perform well during market rebounds.
12:04
Sandisk shares surged today after Nvidia confirmed it would acquire open-source AI and machine learning development platform Hugging Face for $12.9 billion. The acquisition is seen as a defensive move by Nvidia, which noted Hugging Face's extensive reach in the AI developer community. Demand for Nvidia's GPUs has fueled demand for Sandisk's NAND flash memory chips, making Nvidia's positive developments generally beneficial for Sandisk. Additionally, Dell Technologies COO Jeffrey Clarke highlighted memory (DRAM and NAND) as a key constraint in AI server supply earlier this week.
12:04
The Bureau of Labor Statistics reported on September 4 that U.S. employers added 162,000 jobs in August, exceeding some forecasters' expectations. Revisions to previous months' totals also indicated a stronger summer job market than initially believed. Hiring was widespread across goods production, services, and government sectors, with notable gains in food services and drinking places (59,000), local government education (42,000), construction (22,000), manufacturing (16,000), and health care (13,000).
12:03
The White House announced that the U.S. added 162,000 jobs in August, triple the number economists expected. Of these, manufacturing added 16,000 jobs, the largest monthly increase in three years, and construction added 22,000 jobs. The announcement also noted that over 1 million private sector jobs have been created during President Donald Trump's tenure, and average private sector weekly earnings have increased by 3.7% year-over-year.
12:03
Reuters analysis indicates that after years of weakness, market sentiment towards the Japanese Yen is shifting, with investors becoming increasingly hesitant to aggressively short the currency. This week, the Yen is poised for an approximately 2% gain against the US Dollar, its largest increase since the joint US-Japan intervention in late July. Tokyo money market data shows that the probability of the Bank of Japan (BOJ) raising interest rates by 25 basis points in September has surged to 97% from 52% a month ago. Citi data reveals that Yen positions have shifted from bearish to bullish since early August, with leveraged funds, banks, and real money investors all net buying the Yen this week. Additionally, a sudden spike in Japanese government bond yields has prompted domestic institutional investors to repatriate funds. JPMorgan Chase estimates that Yen short positions have accumulated to approximately 17 trillion Yen (about $109 billion) since Prime Minister Sanae Takaichi took office last October. If these positions are fully unwound, USD/JPY could fall to the 142-146 range. US Treasury Secretary Scott Bessent pressured the Bank of Japan to raise interest rates at this week's G20 finance ministers' meeting, and hawkish comments from BOJ board member Hajime Takata further supported expectations of a stronger Yen.

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