Shares in Uber Technologies fell 4% following a report that Alphabet's Waymo is internally discussing an end to their autonomous vehicle alliance, signaling a major strategic shift and intensifying competition in the robotaxi market.
Devon Energy is considering the sale of its Eagle Ford and Powder River shale assets, a deal that could be worth more than $4 billion, according to a Bloomberg report. The potential divestiture is part of a broader effort to streamline the company's portfolio.
Shares of the cloud infrastructure provider fell over 6% after it funded a $472 million debt buyback by issuing new stock at a discount, raising concerns about shareholder dilution.
Shares of the clinical-stage biotech company fell sharply after it announced the resignation of its Chief Financial Officer, Jason O’Byrne, raising investor concerns just days before its quarterly earnings release.
Lightspeed Commerce shares rose after the company announced a new integration with Meta, enabling brick-and-mortar retailers to measure the impact of social media ads on in-store sales. The news provided a company-specific catalyst ahead of its upcoming earnings report.
Shares of Surgery Partners Inc. rose after the company announced the divestiture of its interests in two Idaho hospitals to Intermountain Health for approximately $795 million, a move aimed at refocusing on its core ambulatory surgery business.
Paramount Skydance will delay its proposed $110 billion acquisition of Warner Bros. Discovery until at least mid-2027, pending a court ruling on a legal challenge brought by several states.
A recent survey shows a majority of insurers plan to increase their exposure to private credit, providing a stable capital source as high-net-worth investors pull back amid liquidity concerns.
Investors are awaiting Monday's U.S. durable goods orders report, which is forecast to rebound after a sharp decline, offering critical insight into the manufacturing sector's strength and business investment trends.
