Empower Brands Offers $37 Cash Per Share to Acquire Helen of Troy
Helen of Troy receives a non-binding $37-a-share cash bid from Empower Brands, a 28–31% premium, amid years of share price decline and operational challenges.
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Hut 8 Drops on Weaker-Than-Expected Revenue, Despite AI Data Center Progress
Hut 8 reported Q3 revenue of $71.1M, below consensus, sending shares down. AI data center deals remain years from revenue.
Keefe Bruyette Downgrades Cipher Mining and CleanSpark on Texas Regulatory Risk After Hinojosa Win
Keefe Bruyette downgraded Cipher Mining and CleanSpark to Market Perform, with $9.50 price targets.
Citi Downgrades Adobe to Sell as AI Competition and Growth Risks Mount
Citi cuts Adobe to Sell with a $207 target, citing AI competition, open-source clones, and near-term growth pressure from strategic changes.
Amdocs Shares Plunge 40% on Weak FY2027 Outlook Tied to T-Mobile Dispute
The company warned of a major hit to revenue and profits in fiscal 2027 linked to its T-Mobile relationship.
3M Agrees to $7.35 Billion PFAS Settlement Covering Nearly All Personal Injury Claims
Alongside a $7.35B PFAS settlement, 3M’s board greenlit a $6B buyback program and a $0.78 dividend, citing strong cash flow.