Archives

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

By Amit Chowdhry ● Yesterday at 10:12 AM

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 ● Yesterday at 10:12 AM

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 ● Yesterday at 10:11 AM

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 ● Yesterday at 10:10 AM

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 ● Yesterday at 10:10 AM

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 ● Yesterday at 10:09 AM

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 ● Yesterday at 10:09 AM

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 ● Yesterday at 10:09 AM

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 ● Yesterday at 10:08 AM

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 ● Yesterday at 10:08 AM

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 ● Yesterday at 10:07 AM

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 ● Yesterday at 9:52 AM

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 ● Yesterday at 9:49 AM

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 ● Yesterday at 9:48 AM

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 ● Yesterday at 9:45 AM

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 ● Yesterday at 9:44 AM

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 ● Yesterday at 9:43 AM

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 ● Yesterday at 9:43 AM

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 ● Yesterday at 9:42 AM

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 ● Yesterday at 9:27 AM

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.

Camtek: Advanced Packaging Revenue Expected To Grow 70% From Q1 To Q4 As Orders Top $600 Million

By Amit Chowdhry ● Yesterday at 9:26 AM

Camtek expects its Advanced Packaging business to accelerate sharply during the second half of 2026, with revenue from the segment projected to increase approximately 70% between the first and fourth quarters of the year.

AECOM Takes $337 Million Charge On 2019 Project That Would Not Clear Its Current Risk Process

By Amit Chowdhry ● Yesterday at 9:22 AM

AECOM recorded a $337 million pre-tax charge related to a construction management project awarded in 2019, with CEO Troy Rudd saying the contract was agreed to under terms that would not pass the company’s substantially transformed risk processes today.

Fisent Technologies Raises $4.3 Million To Expand GenAI Process Automation For Regulated Enterprises

By Amit Chowdhry ● Yesterday at 9:00 AM

Fisent Technologies has raised $4.3 million in a venture funding round led by FINTOP to expand the adoption of its generative AI process automation technology among regulated enterprises.

Dr. Z Functional Medicine Academy: Interview With Founder And CEO Dr. Brandy Zachary About Personalized Medicine

By Amit Chowdhry ● Yesterday at 9:00 AM

The Dr. Z Functional Medicine Academy is an integrated ecosystem of accredited functional medicine training, clinical decision-support technology, lab interpretation software, practice-building systems, live mentorship, and consumer tools. Pulse 2.0 interviewed The Dr. Z Functional Medicine Academy Founder and CEO Dr. Brandy Zachary to learn more.

Barrick: Shareholder Returns Surge 242% To $1.5 Billion As Buybacks Reach $1.21 Billion

By Amit Chowdhry ● Yesterday at 8:34 AM

Barrick Mining significantly increased capital returns during the second quarter of 2026, returning $1.50 billion to shareholders, up 242% year-over-year, as the gold and copper producer repurchased approximately $1.21 billion of shares and maintained its quarterly dividend.

Hims & Hers International Revenue Grows More Than 17-Fold As It Builds Doctor-Led AI Clinical Engine

By Amit Chowdhry ● Yesterday at 8:31 AM

Hims & Hers Health reported a sharp acceleration in its international business during the second quarter of 2026 as the telehealth company expands globally and increases its use of AI throughout its healthcare platform.

Apogee Secured Up To $1.3 Billion In Non-Dilutive Financing Before Agreeing To $10.9 Billion AbbVie Buyout

By Amit Chowdhry ● Yesterday at 8:30 AM

Apogee Therapeutics secured access to as much as $1.3 billion of flexible, non-dilutive capital from Blackstone Life Sciences in May 2026, only weeks before announcing a definitive agreement to be acquired by AbbVie for approximately $10.9 billion.

Axsome: New AUVELITY Patient Starts Among Adults 65+ Jump 126% After Alzheimer’s Agitation Launch

By Amit Chowdhry ● Yesterday at 8:30 AM

Axsome Therapeutics reported an early acceleration in adoption of AUVELITY following its June 2026 launch for agitation associated with dementia due to Alzheimer’s disease, with new-to-brand prescriptions among patients age 65 and older increasing 126% during the first eight weeks following launch.

BridgeBio Prepares For Three Potential Drug Approvals As $1 Billion Financing Funds Launches At Full Strength

By Amit Chowdhry ● Yesterday at 8:28 AM

BridgeBio Pharma is preparing for what could become a major expansion of its commercial portfolio, with three pipeline programs moving into active regulatory review and the company positioning its balance sheet to support multiple launches simultaneously.

AST SpaceMobile: Japan JV Could Receive Up To $1 Billion In Non-Dilutive Government Capital

By Amit Chowdhry ● Yesterday at 8:28 AM

AST SpaceMobile disclosed that a joint venture with Rakuten has been preliminarily selected by Japan’s Ministry of Internal Affairs and Communications for the J-LEO initiative, a program with an expected value of up to approximately $1 billion in non-dilutive, non-debt government capital. The potential funding adds another major government opportunity to AST SpaceMobile’s expanding commercial and national security business.