Morgan Stanley Downgrades Adobe to Underweight, Slashes Price Target to $240 Amid AI and Execution Concerns
Morgan Stanley warns about the impact of generative AI, Adobe’s freemium strategy, and ongoing leadership transitions.
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Nvidia Takes 9.3% Position in Nebius Through Warrant and Shares
The stake, partly stemming from a March 2026 warrant, boosted NBIS shares in premarket trading.
Cracker Barrel Announces Major Restructuring, Sells Maple Street Biscuit Company and Raises Outlook
Cracker Barrel simplifies operations, sells Maple Street Biscuit Company, reduces debt via sale-leaseback, and lifts full-year financial guidance.
Planet Fitness Exits Australian Stake as Franchise Equity Partners Buys Bravo Fit
Wells Fargo sees recovery potential from Planet Fitness’ turnaround efforts and weight-loss drug trends as Q2 earnings approach.
Taco Bell Traffic Sinks After Lettuce Tied to Cyclospora Parasite Outbreak
Sweetgreen, Chipotle, Chopt, and Panera also saw customer traffic decline as the Cyclospora lettuce outbreak linked to Taco Bell raised broader concerns among salad-focused chains.
US Judge Orders 14-Day Pause on $110 Billion Paramount-Skydance Warner Bros. Merger
12 states’ lawsuit creates new uncertainty and ticking fees pressure.