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.
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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.
Google Soars on Buffett's Backing and Massive Texas Data Center Plans
Google stock jumps 5% as Berkshire Hathaway reveals $5.1B stake and company announces $40B investment in Texas data centers through 2027.