SoftBank Shares Surge Most in 25 Years on OpenAI IPO Plans and SB Energy U.S. Listing
SoftBank shares jumped — their biggest single-day gain in more than 25 years — after OpenAI accelerated IPO plans and SB Energy confirmed its U.S. listing.
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Spotify’s Next Chapter: How the Company Plans to Reach 1 Billion Subscribers and $100 Billion in Revenue
Spotify Co-CEOs shared key updates at Investor Day 2026, including their “Large Taste Model” AI strategy, new higher-ARPU products, and long-term goals for 1 billion subscribers and $100 billion in revenue.
Advance Auto Parts Delivers Strongest Same-Store Sales Growth in Five Years, Stock Jumps
Advance Auto Parts posted its strongest comparable sales growth in five years, with 3.5% growth in Q1. The company beat estimates, expanded margins, and reaffirmed its full-year 2026 guidance.
Ralph Lauren Shares Jump as Strong China Sales Fuel Record Results
Ralph Lauren shares surged after beating Q4 estimates, driven by strong China sales during Lunar New Year. Revenue rose 17% in the quarter and the company raised its dividend by 10%.
Eli Lilly’s Retatrutide Delivers 28.3% Weight Loss in Phase 3 Trial, Analysts Stay Bullish
Eli Lilly’s retatrutide delivered 28.3% average weight loss at 80 weeks in Phase 3, with some patients reaching over 30% at 104 weeks. Analysts at Truist, Wolfe, and RBC stay bullish.
IBM and GlobalFoundries Secure Over $1.3 Billion in CHIPS Funding to Build America’s Quantum Chip Manufacturing Base
IBM will build America’s first dedicated quantum foundry with $2B backing, while GlobalFoundries launches Quantum Technology Solutions supported by a $375M CHIPS award.