April 2, 2026 2:26 pm
Key Moments Microsoft is developing large-scale AI systems to rival models from OpenAI and Anthropic. CEO Mustafa Suleyman targets state-of-the-art AI performance by 2027. The company is deploying Nvidia GB200 chips and plans major compute expansion within 18 months. Microsoft Expands In-House AI Strategy Microsoft is accelerating efforts to build its own large-scale AI models. […]
Read moreApril 2, 2026 1:14 pm
Key Moments KKR has raised $23 billion for its latest North America-focused private equity fund, its largest vehicle dedicated to the region. The firm reported that the three prior funds in this strategy produced a gross return of 23% over the past decade. KKR stated that its private equity assets under management have climbed to […]
Read moreApril 2, 2026 12:41 pm
Key Moments Wells Fargo projects a 2% quarter-over-quarter decline in total U.S. Medicaid enrollment in the first quarter, with expansion enrollment down about 1%. Monthly enrollment in the bank’s state-level tracker fell 0.8% in January, 0.7% in February, and 0.5% in March, while California is pacing toward a 3% quarterly drop. An Urban Institute study […]
Read moreApril 2, 2026 10:46 am
Key Moments J.P. Morgan placed International Paper (NYSE:IP) on Negative Catalyst Watch ahead of its April 30 results, citing cost headwinds and a 21% gap versus Q2 2026 EBITDA consensus. The bank cut its FY 2026 EBITDA forecast for International Paper to $3.33 billion and lowered its December 2027 price target to $46, while keeping […]
Read moreApril 2, 2026 9:51 am
Key Moments Estée Lauder shares fell over 2% in premarket trading after reports of progress in merger talks with Puig Brands SA. Puig, valued at 9.8 billion euros, and Estée Lauder, at about $27 billion, have been discussing a potential combination since March 23. Since confirming the talks, Estée Lauder shares dropped around 15%, while […]
Read moreApril 2, 2026 8:53 am
Key Moments Amazon is reportedly negotiating a potential acquisition of Globalstar in a deal that could be valued at about $9 billion, according to the Financial Times. Globalstar shares jumped 12.3% in premarket trading, while Amazon shares slipped nearly 2% following the report. The talks come as Amazon accelerates deployment of its Leo satellite network, […]
Read moreApril 1, 2026 1:30 pm
Key Moments Major memory chipmakers have fallen 20-30% in the past two weeks, driven by geopolitical and technology-related concerns. KB Securities’ Jeff Kim expects AI data center capital spending and 2Q26 chip orders to continue rising, supporting earnings strength into 2026. Forward P/E valuations for Samsung, SK Hynix, and Micron have compressed to a 3-5x […]
Read moreApril 1, 2026 12:42 pm
Key Moments RYTHM, Inc. (Nasdaq:RYM) shares climbed 23% following amendments to its license agreements with a Green Thumb Industries Inc. subsidiary. Effective April 1, 2026, Green Thumb will pay RYTHM a fixed annual cash fee of $70 million, subject to an annual increase tied to a Consumer Price Index-based escalator. The revised agreements replace the […]
Read moreApril 1, 2026 9:09 am
Key Moments Microsoft is expected to commit $5.5 billion to cloud and artificial intelligence infrastructure in Singapore through 2029, according to the Wall Street Journal. The reported investment outlines a long-term build-out of technology capabilities in the Singapore market. Microsoft did not immediately respond to a Reuters request for comment on the reported plans. Reported […]
Read moreMarch 31, 2026 1:08 pm
Key Moments Bank of America cut its Airbus price target to €255 from €259, while reiterating a Buy rating. Strikes on Gulf aluminum smelters have pushed LME aluminum prices up about 6% since the attacks and roughly 15% from pre-war levels. Bank of America now sees Airbus facing inflation headwinds of €100 million in 2026 […]
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