Options data indicates traders are pricing in a potential 6.4% stock price movement for Vistra Corp. following its earnings release on August 7, though the company's shares have a history of underperforming these volatility expectations.
Recent SEC filings show chief executives at consumer goods firms buying company stock, while executives in technology and finance sold multi-million dollar positions, many through pre-arranged trading plans.
East West Ave Acquisition Corp., a special purpose acquisition company (SPAC), has raised $100 million in its initial public offering and began trading on the Nasdaq. The blank check firm will now seek a private company to merge with and take public.
Italian defense group Leonardo is continuing non-binding talks with Germany’s Rheinmetall over a potential sale of part of Iveco Defence Vehicles, but executives stress it is one of several options and other suitors have shown interest.
The two largest U.S. oil companies, ExxonMobil and Chevron, reported near-record and record second-quarter earnings, respectively, as geopolitical conflict with Iran drove crude oil prices and refining margins to multi-year highs.
Shares of IES Holdings jumped after the company reported fiscal third-quarter earnings that significantly beat analyst estimates, driven by strong demand for data center infrastructure, and announced a stock split.
The AI-focused hedge fund Situational Awareness, run by former OpenAI researcher Leopold Aschenbrenner, reportedly suffered a 67% loss in July amid a sector-wide selloff, forcing it to unwind most of its public equity holdings.
The European Commission has approved the $55 billion takeover of Electronic Arts by Saudi Arabia's Public Investment Fund under its Foreign Subsidies Regulation, clearing the final major regulatory obstacle. The video game developer expects the deal to close on August 4.
Linde plc announced a $1 billion investment to build new industrial gas facilities in Arizona, securing a long-term contract to supply a major semiconductor manufacturer amid growing demand for advanced chips.
