SpaceX Revenue More Than Doubles to $14.6 Billion as AI Business Surges
SpaceX’s AI business powered a 161% revenue jump to $14.6 billion and a $4.4 billion profit, with heavy investment in compute capacity.
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Netflix Cuts Ad Revenue Guidance and Delivers Soft Q4 Forecast After Strong Q3
Netflix reported $12.9B Q3 revenue and a 34.6% margin, but a weaker Q4 profit outlook and lower ad guidance sent shares lower.
Activist Jana Partners Takes Stake in Casella Waste, Pushes for Higher Margins
Jana Partners has built a position in Casella Waste and is pressing the company to lift margins to 27% EBITDA by 2029 amid lagging share performance.
Legendary Submits Takeover Offer for Lionsgate Studios
Apollo-backed Legendary Entertainment has revived talks and submitted a formal offer to acquire Lionsgate Studios, sending shares sharply higher.
Activist Starboard Targets Honeywell Spin-Off Solstice, Pushes Sharper Focus and Overhead Cuts
Starboard Value builds stake in Solstice Advanced Materials, urging focus on refrigerants and nuclear businesses plus $100M overhead cuts.
Hertz Shares Surge After Oro Mobility Secures $80 Million Investment
Oro Mobility raises $80 million from strategic investors to scale its fleet platform across rideshare, driver-led, and autonomous mobility while Hertz retains majority ownership.