AI-powered summaries of the latest stock market news, earnings, and SEC filings.
Nvidia’s board is reportedly preparing to oust co-founder and CEO Jensen Huang after revelations of two extramarital affairs. A columnist argues that Huang’s many alliances may leave no easy path to hold Nvidia’s $4 trillion empire together.
Amazon said AWS will invest more than $4 billion to launch its first cloud infrastructure region in Chile. The region opened to select customers, with general availability expected by the end of 2026.
Meta said infrastructure head Santosh Janardhan will leave early next year. Dave Brown will succeed him, and Janardhan will stay through the first quarter to support the transition.
Musk said Cybertruck production will be extended through the end of summer 2027 to work through more of the order backlog.
Poundland’s US owner secured 10 more days to find a buyer, while Fractile was valued at $7 billion in a fundraising round. ExxonMobil filed a confidential legal challenge to EU carbon capture rules, and UK officials are preparing possible energy support for households.
Morgan Stanley Real Estate Investing funds acquired a 189,481-square-foot research and development facility in Milpitas, California, for $84.1 million. The property is subject to a long-term net lease with semiconductor equipment supplier KLA.
Amgen said dazodalibep met the primary endpoint at week 48 in a global Phase 3 trial. The 1,500 mg regimen reduced ESSDAI scores by 5.6 points versus 3.8 for placebo, with adjusted p<0.001.
IBM’s Digital Sovereignty Index found AI-related issues were the most common sovereignty challenge, affecting 44% of respondents. While 82% expressed strong confidence in proving sovereign control, only 26% of enterprises reached the index’s leading tier.
McDonald's renewed its USD 20 billion global medium-term notes program under an offering circular dated November 11, 2026. The program allows notes to mature in one month to 60 years and to be issued in US dollars or equivalent amounts in foreign currencies.
Pharmaceutical companies are turning to China for obesity-drug candidates, as patent expirations loom and the weight-loss market is expected to grow from about $72 billion to $180 billion in a decade. Deals for Chinese weight-loss drugs have topped $47 billion since 2023, and Novo Nordisk agreed to pay up to $2.6 billion for rights to an experimental pill from Jiangsu Hengrui.
Pfizer said Blackstone will provide up to $1.5 billion through 2028 to help fund development of its experimental monthly obesity treatment berobenatide. Blackstone can receive milestone-based payments but will have no rights or ownership in the drug.
BBVA plans to issue EUR 1 billion in contingent convertible preference shares, which may convert into newly issued ordinary shares and will not be offered to retail investors. The securities are expected to qualify as Additional Tier 1 capital and carry a discretionary 6.5% annual payment through May 17, 2034, before resetting to 333.4 basis points above the five-year mid-swap rate.
Automatic Data Processing approved a $0.20 increase in its quarterly cash dividend, bringing the annual rate to $7.60 and marking its 52nd consecutive year of dividend increases.
Moderna said mNEXSPIKE showed 35.9% relative effectiveness against medically attended COVID-19 versus Comirnaty in adults aged 65 and older. The observational study included 294,499 matched U.S. veterans during the 2025-2026 respiratory virus season.
Pfizer said Blackstone will provide up to $1.5 billion through 2028 to help fund development of its experimental monthly obesity treatment berobenatide. Blackstone can receive milestone-based payments but will have no rights or ownership in the drug.
Jefferies initiated coverage of Corning with a buy rating and a $134 price target.
JP Morgan resumed coverage of Vertiv Holdings Co with a neutral rating and a $240 target price.
UBS cut its target price for TransDigm Group to $1,481 from $1,509.
Virgin Australia selected Delta TechOps for a five-year 737 component support agreement.
Wells Fargo cut its target price for Occidental Petroleum to $76 from $82.
Bitrue Research Institute said a Bitcoin crash driven solely by MSCI’s removal of Strategy is unlikely. JPMorgan estimated $2.8 billion in potential MSTR index-fund outflows, rising to $11.6 billion if other index providers follow.
Teva expects innovative revenue potential of $6 billion to $7 billion and free cash flow of more than $3.5 billion by 2030. It expects total revenue to grow at a mid-single-digit rate from 2026 to 2030.
Wells Fargo raised its target price for Veeva Systems to $400 from $330.
Franco-Nevada's Q3 revenue rose 13% year over year to $549.3 million, below the $587.84 million estimate, while adjusted EPS rose to $1.89, also missing estimates. The company expects 2026 GEOs sold of 525,000 to 555,000 and diversified revenue of $300 million to $330 million.
Vylor’s third-quarter 2026 pro forma after-tax loss from continuing operations widened 23% year-over-year to $480 million, while pro forma net sales fell to $938 million. The board authorized a $3 billion share repurchase program and a $0.13-per-share dividend payable December 7, 2026.
Thomson Reuters plans to buy back up to $500 million of its shares, or 7 million common shares, between November 13, 2026, and November 12, 2027.
MSCI will remove two Indonesian companies, including Barito Pacific, from its Global Standard Index in a rebalancing.
State Street’s average daily liquidity coverage ratio fell to 106% in the third quarter of 2026 from 107% in the second quarter, remaining above the 100% regulatory minimum.
Workday asked a federal judge to block millions of job applicants from pursuing discrimination claims over its AI screening software as a group, arguing there is no common evidence. It also asked the judge to decertify a conditional collective of more than 15,000 people alleging age discrimination.
United Airlines said it would restrict AI bots’ access to its digital platforms, citing data security. The steps will cover its platforms and indirect access through travel agencies and aggregators, with updates to booking, ticketing and distribution policies.
Jefferies initiated coverage of Teradyne with a buy rating and a $284 price target.
Argus Research raised its target price for GE Healthcare to $110 from $85.
Wells Fargo cut its target price for The Hartford Financial Services Group to $139 from $158.
Nebius shares rose 18.9% to $159.30 ahead of its third-quarter results, with investors focused on AI infrastructure demand and capacity expansion; analysts expect revenue of $907.5 million.
Zoetis received a USDA license for Cytopoint Plus, which the company describes as the first and only long-acting monoclonal antibody providing 75 days of allergic itch relief in dogs with allergic dermatitis.
Argus Research cut its target price for Expedia Group to $300 from $360.
Tennessee American Water applied a $13.07 PFAS settlement credit, bringing total refunds to over $84 per customer.
Even disclosed a joint and several guarantee for R$ 138 million in Banco Bradesco construction financing for the Renato 410 project. Even and NM Junior’s other shareholders are economically responsible for 40% and 60% of the obligations, respectively.
CoreWeave reportedly plans to raise at least $4 billion in a high-grade loan.
U.S. business sentiment fell 8% from July to 6.02 out of 10, matching its lowest reading since the index began in 2021. Small and midsize business sentiment hit a record low of 5.28, and optimism about the 12-month economic outlook fell to 40%.
The MHRA approved retifanlimab (ZYNYZ) for the treatment of advanced anal cancer.
Expeditors warned that prolonged contract negotiations with ILWU Local 26 could disrupt US West Coast cargo flows. Affected terminals handle about 85% of Long Beach traffic and 33% of Los Angeles container traffic; a strike could halt them, while broader union solidarity could shut all 29 West Coast ports.
T. Rowe Price Group reported assets under management of $1.83 trillion as of October 31, 2026, and net outflows of $10.80 billion for October.
Guardant Health announced a proposed $500 million offering of convertible senior notes due 2032. It expects to repurchase a portion of its 0% convertible senior notes due 2027 and intends to fund capped call transactions with the proceeds.
Advent Software says wealth managers should build relationships with women before wealth transfers. Cerulli estimates about $54 trillion will first pass to surviving spouses, with women expected to receive more than 95%; McKinsey forecasts women-controlled assets will nearly double to $34 trillion by 2030.
Super Micro Computer says its H15 server portfolio, powered by 6th Gen AMD EPYC 9006 Series CPUs, is now shipping for cloud, HPC and agentic AI workloads.
Genesee & Wyoming plans to separate into three geographically focused companies, pending regulatory approval, with the companies set to operate independently from Jan. 1, 2027. Each will remain under Brookfield and GIC ownership.
Stanley Black & Decker forecasts 2026 adjusted EPS of $5.95-$6.25 and reported EPS of $5.45-$5.85, with free cash flow of $1 billion-$1.2 billion and roughly flat net sales.
A JLL survey found investors prioritize AI for capital deployment, where 49% expect outperformance, while property management—where 66% report efficiency gains—receives less attention. Although 80% report tangible AI benefits, 43% struggle to achieve their goals.
UBS raised its target price for Kimco Realty Corp to $29 from $25.
Magna International said it is on pace to generate about $5 billion of free cash flow over 2022–2026 and expects greater free cash flow in 2027–2030. It targets 2%–4% organic sales growth above market, 200 basis points of adjusted EBIT margin expansion and 15% or more adjusted EPS growth by 2030.
C.H. Robinson expects expanding global freight capacity in 2027 to mask shortages of usable shipping services on specific trade lanes. Global air cargo tonnage rose 9% year over year at September’s end, versus 4% capacity growth.
UBS raised its target price for Omega Healthcare Investors to $56 from $52.
RenaissanceRe announced a quarterly dividend of $0.41 per common share, payable December 31, 2026, to shareholders of record December 15. Its renewed share repurchase program brings total authorization to $750 million, including remaining amounts under prior authorizations.
BofA Global Research raised its price objective for BJ's Wholesale Club to $116 from $106.
BofA Global Research cut its price objective for Stellantis to EUR 3.50 from EUR 5.50.
A bookrunner said orders for a secondary share sale by Fresenius Medical Care AG were multiple times covered at EUR 39 per share, while orders for a separate Fresenius SE sale below that price risked missing.
UBS cut its target price for On Holding AG to $65 from $73.
BWX Technologies announced pricing terms, expiration and results of cash tender offers and consent solicitations for its 4.125% senior notes due 2028 and 2029.
Albemarle cut its fiscal 2026 capital expenditure guidance to $300 million-$350 million from about $500 million, citing project resequencing and capital efficiency improvements. Year-to-date free cash flow reached $1.2 billion.
EastGroup Properties said fourth-quarter rental rate increases averaged 38.9% on a straight-line basis and 23.9% on a cash basis for new and renewal leases signed to date. Its portfolio was 96.7% leased and 96.1% occupied as of November 10, 2026.
An investment company owned by Kazakh billionaire Timur Turlov plans to acquire at least a 51% stake in Ak Zhayik Capital for $300 million. The deal is expected to close in March 2027.
Tetra Tech forecast fiscal 2027 EPS of $1.65–$1.80 on net revenue of $4.43 billion to $4.63 billion. It expects first-quarter EPS of $0.36–$0.38, and reported fourth-quarter backlog rose 13% year over year to $4.67 billion.
Harmony Gold reaffirmed FY27 gold production guidance of 1.3 million to 1.4 million ounces, with all-in sustaining costs forecast at $2,300-$2,465 per ounce and capital expenditure at $821 million. First-quarter gold output fell 12% year over year to 343,000 ounces.
CareTrust REIT launched an offering of 17 million shares and expects to enter into forward sale agreements with Bank of America and Morgan Stanley. It intends to use the net proceeds for general corporate purposes, including potential acquisitions or investments, or debt repayment.
Enlight Renewable Energy forecasts 2026 revenue of $810 million-$830 million and adjusted EBITDA of $575 million-$590 million. It expects its annual revenue and income run rate to reach $2.2 billion-$2.3 billion by year-end 2028.
CAE's fiscal Q2 revenue fell 2.6% to C$1.20 billion, missing the C$1.24 billion estimate, while adjusted EPS rose 17.9% to C$0.33 and beat estimates. The company raised its fiscal 2027 adjusted EPS outlook to C$1.28-C$1.35 and its adjusted segment operating income margin forecast to 14.9%-15.4%.
Hanwool Materials Science signed KRW 3.56 billion in contracts with KT to build disaster safety communications networks in two areas. The contracts equal 26.46% of 2025 consolidated revenue and run through Nov. 30, 2027.
Truist Securities raised its target price for VF Corp to $25 from $20.
Corteva's Q3 revenue fell 9% year over year to $1.59 billion, below the $1.76 billion estimate, while adjusted EPS dropped 57% to $0.06. It forecast FY26 adjusted EBITDA of $1.1 billion to $1.125 billion and adjusted EPS of $0.76 to $0.80, both below analyst estimates.
Lineage cut its 2026 adjusted EBITDA guidance by lowering the midpoint by $15 million to $1.25 billion–$1.27 billion. AFFO guidance narrowed to $2.86–$2.98 per share, while the estimated annual EBITDA impact of the Big Bear fire rose to $20 million.
Victory Capital Holdings reported total assets under management of $356.70 billion and total client assets of $360.50 billion as of Oct. 31, 2026.
JP Morgan cut its target price for SPX Technologies to $190 from $225.
Wells Fargo raised its target price for The Trade Desk to $15 from $12.
Caris Life Sciences said enrollment began in a study comparing ChromoSeq with conventional testing for myeloid cancers. The study plans to enroll about 300 adults at multiple U.S. institutions through July 2027.
B2Gold Corp. said grade control drilling has begun at a permitted Tanzanian gold project before initial mining.
Churchill Downs forecast 2026 project spending of $160 million to $180 million and maintenance spending of $90 million to $100 million. It expects to announce sales of nine wholly owned regional gaming properties by year-end 2026; the properties generate estimated annual adjusted EBITDA of $280 million to $300 million.
OR Royalties reported Q3 2026 net earnings of USD 55.4 million, down chiefly because of an investment gain in the prior-year period. Revenue rose to USD 90.2 million from USD 71.6 million, while adjusted earnings increased to USD 53.9 million.
Jefferies initiated coverage of FormFactor with a buy rating and a $102 price target.
JBT Marel said it remains on track to realize about $150 million in cost synergies for fiscal 2028 and increased its share repurchase authorization by $500 million, bringing the total to $700 million.
RLI declared a $3-per-share special cash dividend totaling $275 million and a quarterly cash dividend of $0.18 per share, payable Dec. 7, 2026.
AeroVironment received a $405 million international order for Locust X3 laser defense systems and will establish an in-country maintenance and sustainment depot for regional support.
Magnolia Oil & Gas forecasts 2027 organic production growth of 4%-5% and drilling and completion spending of $900 million-$950 million. It expects fourth-quarter 2026 production of 159,000-161,000 barrels of oil equivalent per day and about $235 million in drilling and completion spending.
JPMorgan cut its target price for Forgent Power Solutions to $35 from $49.
Ultrapar approved interim dividends totaling BRL 1.09 billion, or BRL 1 per ordinary share, subject to annual shareholder approval. Payments begin December 3, 2026.
Octave Intelligence PLC announced its acquisition of Cerebre.
EnerSys reported Q2 sales of $949.9 million, below the $966.6 million analyst estimate, while adjusted EPS of $3.22 beat estimates. The company expects Q3 sales of $935 million to $975 million and adjusted diluted EPS of $3.05 to $3.15.
Grupo Aval reported third-quarter interest income of 7.86 trillion pesos and net profit of 368.3 billion pesos.
KBR published its Investor Day presentation, targeting annual standalone organic revenue growth of at least 10% for 2026–2029. It also set 2027–2029 targets for an adjusted EBITDA margin of at least 12%, free cash flow conversion of at least 85%, and net leverage below 2.5 times adjusted EBITDA.
Oklo said Groves-1 will begin its research and demonstration phase after the U.S. Department of Energy cleared it for unrestricted operations. Groves-1 will support research, testing and training, while Groves-2 Forge will focus on lutetium-177 for targeted cancer treatments.
Grupo Financiero Galicia reported second-quarter 2026 return on equity of 11.3%, up 167 basis points year over year. Financial margin narrowed to 17.9%, the efficiency ratio improved to 35%, and Banco Galicia’s net loans rose to ARS 22.51 trillion.
Novanta forecast 2026 revenue of approximately $1.14 billion and adjusted EBITDA of $274 million to $277 million. It projected revenue growth of 12%-14%, including 6%-8% organic growth.
Starwood Property Trust CEO Barry Stuart Sternlicht said the company will consider cutting its dividend as asset resolutions are delayed. Distributable earnings were $0.31 per share, or $0.41 excluding specified realized gains and losses, below the $0.48 dividend.
Kodiak Gas Services sees upside to historical high-single-digit EBITDA growth. It targets about 2 gigawatts of distributed power capacity by year-end 2030, with more than 70% of its 413 megawatts at September 30, 2026, contracted to data centers.
B. Riley raised its target price for Firefly Aerospace to $54 from $40.
Banco Macro repurchased 294,214 Class B ordinary shares on Nov. 11, 2026, for a total of Ps. 2.83 billion at an average price of Ps. 9,616.862 per share.
Vesta Real Estate Corporation SAB de CV targets $480 million in annual total revenue and $320 million in pre-tax FFO for 2030, and plans to invest more than $1 billion from 2026 to 2030.
Truist Securities cut its target price for EquipmentShare.com Inc to $24 from $31.
Otter Tail forecasts 2026 Plastics segment earnings of $51 million at the midpoint, or $128 million on an adjusted basis after excluding $77 million in after-tax legal settlement expense.
Okeanis Eco Tankers' cash, including restricted cash, rose to $233.1 million on September 30, 2026, from $122.5 million on December 31, 2025.