WPP Shares Jump on Takeover Rumors
WPP shares surged after reports suggested interest from Havas and private equity firms Apollo and KKR, fueling speculation of a potential takeover bid.
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Plug Power Pauses Hydrogen Projects, Risking $1.66B Federal Loan
Plug Power has paused plans for six hydrogen facilities, putting a $1.66B federal loan at risk as it reviews capital allocation and focuses on efficiency and long-term growth.
Sealed Air Sells to CD&R for $10.3 Billion
Sealed Air Corporation agrees to $10.3 billion buyout by CD&R at $42.15 per share. Deal expected to close mid-2026.
Truist Upgrades Block Stock Amid Improved Risk/Reward Profile
Truist upgrades Block from Sell to Hold with $68 price target, citing improved risk/reward after recent stock pullback and stronger Square segment momentum.
Mizuho Upgrades Rubrik Stock Despite Recent Pullback
Mizuho analyst upgrades Rubrik to Outperform with $97 price target, citing strong execution and favorable market position despite 16% stock decline.
Sinclair Builds Stake in E.W. Scripps, Eyes TV Station Merger
Sinclair acquires 8% stake in E.W. Scripps to push for merger deal. The broadcast TV consolidation could create larger competitor against streaming giants.