Archives

Xponential Fitness: 67 Gross New Studios Open As 53 Franchise Licenses Are Sold

By Amit Chowdhry ● Aug 11, 2026

Xponential Fitness continued expanding its boutique fitness network during the second quarter of 2026, opening 67 gross new studios and selling 53 franchise licenses despite weaker same-store sales and lower overall revenue.

Biohaven: Graves’ Autoantibodies Fall More Than 80% As Extracellular Protein Degrader Enters Phase 3

By Amit Chowdhry ● Aug 11, 2026

Biohaven's extracellular protein degradation platform has moved into pivotal development after BHV-1300 produced greater than 80% mean reductions in disease-driving autoantibodies in patients with Graves' disease.

Sana Biotechnology: Insulin-Producing Cells Survive 14 Months Without Immunosuppression As Mayo Clinic Invests $25 Million

By Amit Chowdhry ● Aug 11, 2026

Sana Biotechnology reported that transplanted insulin-producing pancreatic cells remained alive and functional 14 months after treatment in a patient with type 1 diabetes without the use of immunosuppression, as the company prepares to advance a related cell therapy into clinical testing.

CoreWeave Closes $2.6 Billion Loan Facility Arranged By JPMorgan And MUFG For AI Infrastructure

By Amit Chowdhry ● Aug 11, 2026

CoreWeave has closed a $2.6 billion delayed draw term loan facility to finance additional AI infrastructure and committed customer deployments. The facility, known as DDTL 5.5, expands CoreWeave’s high-performance computing infrastructure-backed financing platform by allowing a broader range of customer contracts to support syndicated infrastructure financing.

LPL Financial Expands Wealth Management Platform As HNW And UHNW Assets Top $300 Billion

By Amit Chowdhry ● Aug 11, 2026

LPL Financial is expanding its wealth management platform with new capabilities across investment management, alternative investments, tax planning, banking, lending and high-net-worth services as the firm looks to help advisors deliver more comprehensive financial advice.

Neros Raises $250 Million Series C At $2.5 Billion Valuation To Scale Autonomous And Interceptor Drone Programs

By Amit Chowdhry ● Aug 11, 2026

Neros Technologies has raised $250 million in Series C funding at a $2.5 billion post-money valuation to accelerate development and production of its autonomous and interceptor drone programs. The round was co-led by Sequoia Capital and American Strategic Technology Fund, with participation from Interlagos, Valor Equity Partners, Allen & Company, Thiel Capital, Spark Capital and Dylan Field.

New York Yankees Secures $2.6 Billion Financing From Apollo Sports Capital

By Amit Chowdhry ● Aug 11, 2026

Yankee Global Enterprises, the holding company of the New York Yankees, has entered into a $2.6 billion financing agreement with affiliates of Apollo Sports Capital. The financing combines credit and equity and is intended to support continued growth of the Yankees franchise while refinancing existing debt.

Flagler Health Raises $50 Million Series B To Scale AI Platform For Musculoskeletal Care

By Amit Chowdhry ● Aug 11, 2026

Flagler Health has raised $50 million in Series B funding to expand its AI-native platform for musculoskeletal care, bringing the company’s total funding to $63 million. The round was led by Bessemer Venture Partners, with participation from SignalFire, Alumni Ventures, Streamlined, 186 Ventures, Proof VC, Tribeca Ventures and Offscript.

JBS Closes Two U.S. Beef Plants And Combines Three Business Units Into Beef USA

By Amit Chowdhry ● Aug 11, 2026

JBS is restructuring parts of its U.S. beef operation as tight cattle availability continues to pressure the industry, including the closure of two facilities and the combination of three previously separate businesses under a single Beef USA structure.

Embraer: Tax Credit And U.S. Tariff Exemption Account For $106 Million Of $110 Million EBIT Guidance Lift

By Amit Chowdhry ● Aug 11, 2026

Embraer raised its 2026 adjusted EBIT margin guidance and doubled its minimum free cash flow outlook, with approximately $106 million of the $110 million increase in the midpoint of implied adjusted EBIT guidance tied to an extraordinary tax credit and a U.S. tariff exemption.

Dole: $95 Million Ecuador Port Sale Supports Scandinavian Expansion As Net Leverage Stands At 2x

By Amit Chowdhry ● Aug 11, 2026

Dole completed the sale of its Ecuador port operations after the second quarter for expected cumulative net cash proceeds of approximately $95 million, providing additional capital for growth investments as the company simultaneously expands its fresh produce operations in Scandinavia.

Whirlpool: $5.1 Billion Recapitalization Addresses 2026 And 2027 Maturities As Dividend Is Suspended

By Amit Chowdhry ● Aug 11, 2026

Whirlpool has taken a series of large balance-sheet and liquidity actions totaling approximately $5.1 billion across an equity offering, secured bonds and a credit facility as the appliance maker works to eliminate near-term refinancing risk and preserve cash during a difficult housing and appliance demand environment.

Wayfair: Perigold Grows More Than 35% As Free Cash Flow Reaches $301 Million, Strongest Since 2020

By Amit Chowdhry ● Aug 11, 2026

Wayfair's luxury and specialty retail brands substantially outpaced the broader business during the second quarter of 2026, with Perigold growing more than 35% as the company generated its strongest quarterly free cash flow since 2020.

FuboTV: Disney Advertising Integration Improves CPMs As North America Subscribers Reach Record 5.75 Million

By Amit Chowdhry ● Aug 11, 2026

FuboTV reported record fiscal Q3 North America subscribers of 5.75 million as its integration with Disney Advertising begins improving advertising capacity utilization and CPMs across the combined streaming business.

Grindr: AI-Native Overhaul Accelerates Edge Product Roadmap As Revenue Surges 33%

By Amit Chowdhry ● Aug 11, 2026

Grindr is moving toward what management calls an AI-native operating model as strong user engagement and operating leverage allow the company to accelerate its product roadmap, including development of next-generation offerings such as Edge.

Fastly: AI Traffic Grows 6.5x Faster Than Human Traffic As Skyfire Brings Agent Commerce To The Edge

By Amit Chowdhry ● Aug 11, 2026

Fastly is positioning its edge cloud platform for a rapidly expanding machine-driven internet, with company research finding that AI traffic is growing 6.5 times faster than human traffic this year as Fastly builds infrastructure for AI agents and low-latency AI workloads.

Take-Two: Recurrent Consumer Spending Reaches 84% Of Bookings As GTA VI Drives $8.2 Billion Outlook

By Amit Chowdhry ● Aug 11, 2026

Take-Two Interactive Software generated 84% of its fiscal first-quarter Net Bookings from recurrent consumer spending as the company heads toward the planned November 19, 2026 launch of Grand Theft Auto VI and reiterates full-year bookings guidance of as much as $8.2 billion.

Doximity: AI Search Queries Jump More Than 25% As Workflow Active Prescribers Grow Over 30%

By Amit Chowdhry ● Aug 11, 2026

Doximity is seeing accelerating adoption of its artificial intelligence and healthcare workflow tools, with AI Search queries increasing more than 25% quarter-over-quarter and workflow active prescribers growing more than 30% year-over-year during its fiscal first quarter of 2027.

Once Upon A Farm: Volume Surges 40% As Revenue Jumps 42% To $85.4 Million

By Amit Chowdhry ● Aug 11, 2026

Once Upon a Farm delivered predominantly volume-driven growth during the second quarter of 2026, with net sales increasing 42.3% to $85.4 million as product volume surged 40.3%.

Ziff Davis: Cash Surges To $1.61 Billion After $1.22 Billion Connectivity Sale As Buybacks Accelerate

By Amit Chowdhry ● Aug 11, 2026

Ziff Davis' cash position surged to approximately $1.61 billion during the second quarter of 2026 following the $1.22 billion sale of its Connectivity business, giving the digital media company significant capital to deploy toward acquisitions, share repurchases and other strategic opportunities.

Wendy’s: U.S. Restaurant Count Falls By 81 Net As Dividend Is Cut To Fund Turnaround

By Amit Chowdhry ● Aug 11, 2026

The Wendy's Company is reallocating capital toward a broad turnaround effort after its U.S. restaurant count declined by a net 81 locations during the second quarter of 2026 and domestic same-restaurant sales fell 7%.

Hightower Advisors Acquires Valley Financial Group With $275 Million In AUM

By Amit Chowdhry ● Aug 11, 2026

Hightower Advisors announced that Valley Financial Group, an independent wealth management practice based in Ambler, Pennsylvania, will join Hightower Signature Wealth, the firm's fully integrated national wealth management practice.

Alcon: $402 Million Charge Follows PowerVision IOL Shutdown After Unpredictable Post-Surgical Outcomes

By Amit Chowdhry ● Aug 11, 2026

Alcon discontinued the intraocular lens programs it acquired through its 2019 purchase of PowerVision after clinical study data showed persistent unpredictable post-surgical visual outcomes in a subset of patients, resulting in a $402 million pre-tax non-cash charge during the second quarter of 2026.

Simon: Retailer Sales Per Square Foot Jump 13.9% To $838 As Base Rent Rises 6.3%

By Amit Chowdhry ● Aug 11, 2026

Simon Property Group's retailer productivity accelerated during the second quarter of 2026, with trailing 12-month retailer sales per square foot increasing 13.9% to $838 from $736 a year earlier, as base minimum rent also rose.

Ferguson: Eight Acquisitions Add $1.4 Billion Of Annualized Revenue As Non-Residential Sales Rise 8%

By Amit Chowdhry ● Aug 11, 2026

Ferguson's acquisition strategy has added approximately $1.4 billion of aggregate annualized revenue through eight transactions announced year-to-date as the distributor continues consolidating specialized plumbing, HVAC, waterworks and industrial markets.

RadNet Digital Health ARR Nearly Doubles To $105.5 Million As External Customers Drive 63% Of Revenue

By Amit Chowdhry ● Aug 11, 2026

RadNet's Digital Health business is emerging as an increasingly significant growth engine as the diagnostic imaging company expands its DeepHealth AI and Enterprise Imaging products beyond its own network.

Rapid7 Cuts 12% Of Workforce As It Shifts Resources Toward AI-First Cybersecurity Platform

By Amit Chowdhry ● Aug 11, 2026

Rapid7 is reducing its workforce by approximately 12% as the cybersecurity company restructures around its core platform and increases investment in AI-powered security operations.

OppFi’s BNC National Bank Acquisition Could Transform Its Business Model As New Credit Product Nears Launch

By Amit Chowdhry ● Aug 11, 2026

OppFi is pursuing a strategic transformation that could move the digital finance company beyond its existing bank-partnership model and give it the benefits of operating through a national bank.

iHeartMedia: Digital Audio EBITDA Tops Multiplatform For Sixth Straight Quarter As Video Podcasts Expand To Netflix, Disney+ And Hulu

By Amit Chowdhry ● Aug 11, 2026

iHeartMedia's digital business continued to overtake its traditional radio operations in profitability during the second quarter of 2026, with Digital Audio Group adjusted EBITDA exceeding Multiplatform Group adjusted EBITDA for the sixth consecutive quarter.

Oruka Therapeutics Expands Into IBD As $1.1 Billion Cash Position Funds ORKA-001 Through BLA Filing

By Amit Chowdhry ● Aug 11, 2026

Oruka Therapeutics has expanded the development rights for its lead IL-23 program into inflammatory bowel disease while building a $1.1 billion cash position that management expects will fund operations through an anticipated BLA filing for ORKA-001.