Goldman Sachs Upgrades Chime to Buy with Strong Upside Potential
Goldman Sachs upgrades Chime to Buy with a $27 price target, citing strong take-rate potential from the new Chime Card and revenue diversification strategy.
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Nvidia Invests $2B in Synopsys to Transform Engineering with AI
Nvidia invests $2 billion in Synopsys to accelerate AI-powered design and engineering. Partnership aims to revolutionize product development across semiconductor, aerospace, automotive industries.
Mattress maker Somnigroup Proposes $1.63B All-Stock Deal to Acquire Leggett & Platt
Somnigroup International has offered to acquire Leggett & Platt in a $1.63B all-stock deal, representing a 17% premium. Leggett & Platt’s board is reviewing the unsolicited proposal.
Barrick Explores IPO for North American Gold Assets
Barrick Mining Corporation announces plans to evaluate an IPO of its North American gold operations, including Nevada Gold Mines and Pueblo Viejo, while maintaining majority control.
Chinese Solar Giant Restructures to Keep US Market Access
CSI Solar transfers Chinese factory assets to Canadian parent company CSIQ to bypass US restrictions and maintain American market access amid trade scrutiny.
Joby’s Valuation Under Fire as Goldman Issues Sell Rating
Goldman Sachs initiates coverage on Joby Aviation with a Sell rating and Archer Aviation with a Neutral rating, citing valuation concerns, certification uncertainty, and manufacturing challenges.