Mobix Labs Scores Major U.S. Navy Order for Tomahawk Missile Components as Production Surges
Mobix Labs secures significant order for Tomahawk missile components as U.S. Navy ramps up production—stock surges on defense demand boost.
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Theravance Biopharma’s Phase 3 Failure Triggers Cost Cuts and Sale Exploration
Theravance Biopharma's ampreloxetine failed its Phase 3 CYPRESS study for nOH in MSA. Company winds down program, cuts costs ~60%, focuses on YUPELRi cash flow, and speeds up strategic alternatives review to maximize shareholder value.
AeroVironment Expands in NM, Advances U.S. Space Force SCAR Deal
AeroVironment invests $30M+ in Albuquerque manufacturing, creating 450+ jobs, while negotiating SCAR program contract amendment with U.S. Space Force for faster satellite comms delivery.
Ziff Davis Cashes In: Connectivity Division Sold to Accenture in $1.2B Deal
Ziff Davis agrees to sell its Connectivity division—including Ookla, Speedtest, and Downdetector—to Accenture for $1.2 billion cash.
Elliott Invests $1B in Pinterest, Fuels $3.5B Share Buyback
Activist investor Elliott Management injects $1 billion into Pinterest via convertible notes at a 30% premium. Pinterest launches $3.5B buyback program, using proceeds for $1B accelerated share repurchase.
Best Buy Surprises Wall Street with Strong Q4 Profits Despite Weaker Sales
Best Buy's fourth-quarter results show strong profits topping analyst estimates, with a slight sales decline but positive outlook for FY27.