P&G CEO Shailesh Jejurikar announced Tuesday on CNBC's "Squawk on the Street" that the consumer goods giant will pay $3.8 billion to acquire supplement brand Thorne. P&G will purchase Thorne from L Catterton's Flagship Fund, and the transaction is expected to close later t
Novo Nordisk cuts its 2026 adjusted sales forecast to a decline of up to 6%, disappointing investors despite strong Q2 results. Novo Nordisk shares slid over 5% after the company revised its 2026 guidance, projecting adjusted sales to decline 6% to flat at constant exchang
Oklo (NYSE: OKLO) isn't in the tech sector, but its performance hasn't been too different from that of many artificial intelligence (AI) stocks. While it's an energy company, its growth story centers heavily on its small, modular reactors that can be placed near data cente
Marvell, SK Hynix, and Micron lead gains amid AI-driven demand and earnings anticipation, lifting broader indices. Semiconductor stocks jumped over 6% on Tuesday, propelling the S&P 500 to a record high. Marvell Technology rose 14%, while SK Hynix and Micron climbed 6% and
Snap Inc reported $1.60 billion in Q2 revenue, beating expectations, with ad revenue growth accelerating to 9% year over year. Snap Inc (SNAP) shares rose 14% after reporting second-quarter revenue of $1.60 billion, exceeding the $1.54 billion analyst consensus. Adjusted e
The renewable energy firm cites a $2.6B financing deal and a new Google PPA for the guidance increase. Enlight Renewable Energy raised its 2026 adjusted EBITDA guidance midpoint to $575M, driven by a $2.6B financing agreement for its CO Bar project and a new power purchase
Dell and Super Micro surge on broad risk-on sentiment, lifting the iShares U.S. Technology ETF 4% amid AI infrastructure demand. Dell Technologies and Super Micro Computer shares jumped 10% each, while Hewlett Packard Enterprise climbed 6%, driving gains in AI server stock
Microsoft, Meta, Amazon, Alphabet, and Oracle commit to off-balance-sheet lease payments amid AI infrastructure expansion. Microsoft, Meta, Amazon, Alphabet, and Oracle have pledged $1.09 trillion in future lease payments for data centers, primarily to support artificial i
Oracle’s debt reaches $129.5 billion, 4.3 times EBITDA, as $260 billion in data center leases strain its balance sheet. Oracle Corp’s aggressive AI infrastructure spending has pushed its debt to $129.5 billion, nearly 4.3 times its EBITDA, raising concerns over its financi
Aurora Cannabis expected to report loss of $0.21 per share Aurora Cannabis is set to report its first-quarter earnings on August 5. The company is projected to post a loss due to ongoing challenges in the marijuana industry. The expected loss of $0.21 per share is b
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