Patrick Industries and LCI Industries Call Off Merger Talks
Patrick Industries and LCI ended merger talks. They couldn't agree on key terms and will stay independent and keep current plans.
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#Event-Driven Stocks↓
Amex Global Business Travel Sold to Long Lake
Long Lake is buying Amex GBT for $6.3B, boosting travel with AI. Shareholders get a big premium; brand stays unchanged.
GameStop’s $56 Billion Bombshell: Ryan Cohen Proposes to Buy eBay at $125 Per Share
Ryan Cohen promises $2B in cost cuts and huge growth.
Spirit Airlines Shuts Down After 34 Years: First Major Victim of the Iran War Fuel Crisis
The board meeting ended with no agreement to rescue the company. The White House had proposed $500 million in financing for a 90% equity stake.
Chinese EV Stocks Slide After Weak April Deliveries – NIO Drops 7.5%
Nio, XPeng, and Li Auto saw April sales drop from March, but new SUVs and tech could help them recover in the coming months.
Nebius Acquires Eigen AI to Make Token Factory the Fastest Inference Platform
Nebius is buying Eigen AI for $643M to make AI faster, cheaper, and improve real-time answers for businesses.