Uber has made a formal offer to acquire the German food-delivery giant, a move aimed at rapidly expanding its global footprint into markets in Europe, Asia, and the Middle East and scaling its quick-commerce operations.
Analysts at Bernstein are favoring select European defense stocks, arguing that individual company performance, earnings upgrades, and specific growth drivers now offer a more compelling investment case than broad sector exposure.
The Norway-based auto parts supplier reported a significant swing to profitability and positive cash flow, signaling that its corporate restructuring initiatives are yielding concrete results.
Shares of the outdoor advertising firm jumped over 5% after J.P. Morgan and Oddo BHF raised their price targets, citing expectations for strong second-quarter growth ahead of the company's earnings report.
The U.S. International Trade Commission is investigating Samsung Electronics and products from Google, Nvidia, and others for alleged patent infringement of Netlist's memory chip technology, crucial for AI servers.
Shares of psychedelic drug developers surged after pharmaceutical giant Eli Lilly announced a definitive agreement to acquire AtaiBeckley, a deal seen as a major validation for the emerging sector.
Shares of the mortgage lender gained after Morgan Stanley upgraded the stock to Overweight, highlighting a compelling valuation following a steep selloff this year.
Citizens Financial Group reported a significant increase in second-quarter profit, driven by a 14% rise in net interest income and robust growth in its wealth and capital markets businesses. The bank also reduced its provisions for credit losses, reflecting an improved credit outlook.
The Irish flag carrier, owned by IAG, announced significant restructuring, including up to 500 job cuts and a 6% network capacity reduction, to combat rising costs and increased transatlantic competition.
