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Estée Lauder Scraps $40B Puig Merger, Shares Surge 10%
Estée Lauder and Spanish perfumery Puig officially terminated discussions for a $40 billion merger. The companies ended the talks on May 21, 2026, to focus on...
Ross Stores Surges 7%, Raising Outlook After Crushing Q1 Earnings Estimates
Ross Stores (NASDAQ: ROST) shares jumped approximately 7% in extended trading on May 22, 2026. The off-price retailer reported first-quarter GAAP earnings of...
IEA Warns Of Oil Red Zone, Citing Strait Of Hormuz Disruption
International Energy Agency chief Fatih Birol warned on May 22, 2026, that the global oil market faces a supply red zone by July. Tensions in the Middle East...
Arm Surges 16% to Record High, Driven by Nvidia’s Blockbuster Earnings
Arm Holdings plc (ARM) shares climbed over 16% on May 21, 2026. The stock closed at a record $298.23. Positive results from Nvidia’s latest earnings report...
Yangzhou Yangjie Nears EU Sanction Relief, Averting Auto Supply Collapse
The European Commission is proposing a temporary sanctions exemption for Chinese power-semiconductor manufacturer Yangzhou Yangjie Electronic Technology...
Polar Power Surges, Despite Headquarters Eviction and Critical Cash Shortage
Polar Power reported Q1 2026 revenue of $1.73 million. Year-over-year revenue remained flat. The company narrowed its net loss to $0.18 million. This loss...
Freeport Targets 2027 Grasberg Recovery, Shares Rise on $3B Credit
PT Freeport Indonesia (PTFI) plans to restore the Grasberg copper and gold mine to full production by late 2027. The facility is currently undergoing recovery...
Ecolab Sells $5 Billion in Bonds, Funding AI Data Center Cooling Pivot
Ecolab Inc. completed a $5 billion investment-grade bond offering. These funds will finance the $4.75 billion acquisition of liquid cooling specialist CoolIT...
IonQ Jumps 12%, Fueled by $2 Billion Federal Fund and Record Revenue
IonQ (NYSE: IONQ) shares closed 12.24% higher. The stock ended the session at $58.89. Trading volume reached double the daily average. The Trump...
Moderna and Merck Slash Recurrence Risk 49% in Five-Year Cancer Study
Moderna and Merck released five-year data from the Phase IIb KEYNOTE-942 study. The trial evaluated the personalized cancer vaccine intismeran autogene...
🟢 GXI.HA is trading 4.5% up today as investors reassess downside after Jefferies downgrade
GXI.HA is trading 4.5% up at €25.60 as the stock rebounds from recent weakness tied to execution worries and a Jefferies downgrade earlier in the week. •...
Tesla shares jump, following $3.7 billion SpaceX IPO stake disclosure
SpaceX's S-1 IPO filing disclosed that Tesla holds 18,990,195 Class A shares. This equity position carries a value of approximately $3.7 billion. Tesla...
Western Digital Surges 5.8%, Driven by Upgraded 25% AI Growth Forecast
Western Digital Corporation (WDC) shares rose 5.8% to close at $486.46 on May 21, 2026. The rally triggered a sharp rebound in memory and storage stocks...
Warner Bros. Discovery Expands Loan to $10.2B, Refinancing for Paramount Merger
Warner Bros. Discovery expanded its leveraged loan package to $10.2 billion through a JPMorgan Chase-led syndicate. This debt facility increased from an...
Lenovo Profit Soars 479% as AI Demand Drives Record Revenue
Lenovo Group reported record revenue of $21.6 billion for the fourth quarter of fiscal year 2025/26. Revenue climbed 27% year-on-year to beat analyst estimates...
Nintendo Targets 20 Million Switch 2 Units, Signaling Strong Software Confidence
Nintendo requested suppliers to assemble approximately 20 million Switch 2 consoles. The production target covers the fiscal year ending March 2027. This...
Trump Postpones AI Order, Citing Musk and Zuckerberg Innovation Warnings
President Donald Trump abruptly postponed signing a highly anticipated executive order on artificial intelligence and cybersecurity. The decision followed...
🟢 0176.KL is trading 4% up today, rebounding after recent weakness
0176.KL is trading 4% up at MYR0.12, rebounding after a period of weakness and volatility throughout May. * The gain appears to be a technical bounce or...
Goldman Sachs pays $500 million, settling 1MDB shareholder fraud lawsuit
Goldman Sachs Group agreed to pay $500 million to settle a long-standing shareholder class-action lawsuit. This legal action stems from the bank's involvement...
Meta Settles First School District Lawsuit, Facing $400 Billion Sector Overhang
Meta Platforms settled a landmark lawsuit with Kentucky’s Breathitt County School District over claims that its platforms fuel a youth mental health crisis....