Activist Investor Pushes Snap to Cut Costs and Boost Profits
Activist fund Irenic Capital wants Snap to spin off its smart glasses business, cut jobs, buy back shares, and use AI to improve ad revenue.
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#News-Driven Stocks↓
FDA Moving to Bring Back Popular Injectable Peptides
The FDA is moving to allow compounding pharmacies to produce over a dozen banned injectable peptides. RFK Jr. says he's a big fan and has used them with great results.
Optical Stocks Slammed as Samsung Jumps into Silicon Photonics
Optical stocks plunged as Samsung officially announced its entry into the silicon photonics market with 224Gbps tech and ambitious AI plans.
Alcoa Stock Surges Amid Middle East Supply Concerns
Iran’s weekend attacks on major Persian Gulf aluminum plants triggered sharp price jumps. Supply shortages could push aluminum to record highs, affecting planes, solar panels, and packaging.
Peloton Spikes After Eric Jackson Goes Long at $4
Peloton shares jumped after investor Eric Jackson announced he’s long the stock. He called it cheap on strong free cash flow and highlighted insider confidence.
Cybersecurity Stocks Drop After Anthropic AI Leak
Cybersecurity stocks including CrowdStrike, Palo Alto Networks, Cloudflare, Zscaler, and Okta are falling after Anthropic accidentally leaked details of its new powerful AI model with strong cyber capabilities.