Trump's Praise Fuels American Eagle Stock Surge
President Trump's endorsement of GOP actress Sydney Sweeney's "hottest" American Eagle ad led to a significant stock jump and brief meme status, despite campaign criticism.
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Joby Acquires Blade's Air Mobility Passenger Business
Joby Aviation acquired Blade's urban air mobility passenger business (US/Europe) for up to $125M. This gives Joby market access, infrastructure, and customers, accelerating their electric air taxi commercialization. Shares of both companies surged on the news.
HNI Acquires Steelcase for ~$2.2B, Creating a Furniture Industry Powerhouse.
This strategic merger unites complementary portfolios and dealer networks, aiming to enhance customer reach across diverse segments.
Amphenol Buys CommScope Unit: AI Connectivity & Debt Reduction
Amphenol acquires CommScope's CCS for $10.5B cash, bolstering its AI data center connectivity. CommScope uses proceeds to cut debt & pay shareholders. Closes H1 2026.
Spotify Raises Global Premium Prices to Boost Margins
Spotify is increasing Premium subscription costs by €1 in many non-US markets. This aims to improve margins and fund product innovation following recent financial results.
Berkshire's Q2: Kraft Heinz Writedown, Tariffs, & Succession
Berkshire Hathaway's Q2 operating income fell 4%, net income plunged 59% due to a $3.76B Kraft Heinz writedown. Tariffs hit consumer goods. High cash, but Buffett's succession impacted stock.