Proxy advisory firm Institutional Shareholder Services (ISS) has recommended that shareholders vote against CoreWeave’s proposed $9 billion all-stock acquisition of Core Scientific, saying the company has proven its ability to succeed independently. 🔹 Deal Context 🔹 Investor BacklashEarly opposition came from Two Seas Capital, which criticized: 🔹 ISS ViewpointISS noted that Core Scientific has shown...
General Motors (GM) shares surged 14% after the automaker raised its 2025 profit forecast, citing relief from lower tariff costs and narrowing EV losses as it rebalances its electric strategy. 🔹 Revised Forecast 🔹 Strategic ShiftCEO Mary Barra said GM is recalibrating EV plans amid slower adoption and loosened federal mandates, while maintaining EVs as...
A complex web of lawsuits is emerging around Andrew Stupin, a California real estate investor now tied to over $270 million in distressed debt involving Zions Bancorp, Western Alliance, and several regional lenders. 🔹 Multiple Bank Lawsuits:Between April and August, Banc of California, Enterprise Bank & Trust, and Nano Banc filed suits to recover $108...
Medical diagnostics leader Hologic (HOLX) has agreed to be taken private by Blackstone (BX) and TPG (TPG) in a transaction valued at up to $18.3 billion, one of 2025’s largest healthcare buyouts. 🔹 Deal Highlights 🔹 Sector ImpactHologic—best known for women’s health diagnostics and breast/cervical cancer screening—has faced declining post-COVID demand and mounting competition. Analysts...
U.S. markets kicked off the week with strength, as mega-cap tech stocks powered a broad rebound following last week’s volatility tied to credit stress in the banking sector. 🔹 Key Movers: 🔹 Market Snapshot (11:18 a.m. ET): 💬 “AI is the story and investors are excited about the tremendous productivity gains that will come from...
A complex web of lawsuits is emerging around Andrew Stupin, a California real estate investor now tied to over $270 million in distressed debt involving Zions Bancorp, Western Alliance, and several regional lenders. 🔹 Multiple Bank Lawsuits:Between April and August, Banc of California, Enterprise Bank & Trust, and Nano Banc filed suits to recover $108...