Activist Hedge Fund Ancora Pushes Ashland to Sell – Stock Could Jump 30%
Activist hedge fund Ancora has built a major stake in Ashland and is demanding the company sell itself. Proxy fight threatened if no progress by September.
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Perrigo CEO Resigns Over Personal Conduct – Interim Leader Named
Perrigo CEO resigned over conduct issues; interim CEO Albert Manzone appointed; company keeps 2026 sales and earnings targets unchanged.
DraftKings Reports Massive Growth — $1.3B Consumer Volume in Just One Month
DraftKings’ Predictions platform exploded in May 2026: annualized consumer volume jumped 24% to $1.3 billion and total volume rose 34% to $3.1 billion.
FDA Greenlights Alterity’s Phase 3 Plan for ATH434 in Multiple System Atrophy
Alterity’s drug ATH434 slowed MSA progression in trials, and FDA-approved Phase 3 plans bring it closer to becoming the first real treatment.
Nuvei in Advanced Talks to Buy Payoneer for $2.7 Billion
The deal would boost cross-border payments and add big clients like Amazon, Walmart, and eBay.
Chinese Cloud Stocks Surge as Beijing Preps $295 Billion Nationwide AI Data Center Plan
The ambitious plan — led by the National Development and Reform Commission and operated by state giants China Mobile and China Telecom — is already lifting shares of GDS Holdings and Vnet Group as Beijing doubles down on domestic AI infrastructure and reduces reliance on foreign chips.