Archives

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.

New York Times: Digital Subscription Revenue Jumps 16% To $407.9 Million As AI Litigation Costs Rise

By Amit Chowdhry ● Yesterday at 8:24 AM

The New York Times Company's digital business continued expanding during the second quarter of 2026, with digital-only subscription revenue increasing 16.4% to $407.9 million and digital advertising revenue jumping 20.7% to $114 million.

Realty Income: Industrial Assets Drive 65% Of Q2 Investment Cash Income As Portfolio Diversifies

By Amit Chowdhry ● Yesterday at 8:24 AM

Realty Income's second-quarter investment mix shifted heavily toward industrial properties, with industrial assets accounting for 65% of the cash income generated by new Q2 investments compared with 34% from retail properties.

Owens Corning: Door Savings Reach $135 Million As Another $75 Million Of Cost Improvements Advance

By Amit Chowdhry ● Yesterday at 8:23 AM

Owens Corning has achieved $135 million of enterprise run-rate cost synergies from its Doors business, exceeding its commitment to deliver $125 million by mid-2026, as the building products company advances another $75 million of structural cost reductions.

Lionsgate: Filmed Entertainment Backlog Jumps 21% To $1.5 Billion As Library Revenue Approaches $1 Billion

By Amit Chowdhry ● Yesterday at 8:21 AM

Lionsgate Studios' filmed entertainment backlog increased 21% year-over-year to $1.5 billion during its fiscal first quarter of 2027, while trailing 12-month library revenue reached $987 million as the company’s existing film and television catalog becomes an increasingly important source of recurring cash flow.

Tonix Pharmaceuticals: TONMYA Refills Surge 207% As Coverage Reaches 136 Million U.S. Lives

By Amit Chowdhry ● Yesterday at 8:20 AM

Tonix Pharmaceuticals is seeing accelerating adoption of TONMYA, with refills increasing 207% quarter-over-quarter and total payer coverage expanding to approximately 136 million U.S. lives as the company scales commercialization of the fibromyalgia treatment.

MetLife: Retirement Revenue Excluding PRT Jumps 19% To $1.3 Billion As U.K. Longevity Reinsurance Expands

By Amit Chowdhry ● Yesterday at 8:20 AM

MetLife’s Retirement and Income Solutions business generated a 19% increase in adjusted premiums, fees and other revenues excluding pension risk transfers during the second quarter of 2026, driven primarily by growth in U.K. longevity reinsurance and structured settlement sales.

Trinity Hunt Partners Invests In Fisher Management Partners To Launch Value Creation Services Platform

By Amit Chowdhry ● Yesterday at 8:17 AM

Trinity Hunt Partners has invested in Fisher Management Partners to establish a new value creation services platform focused on operational excellence, performance improvement and enterprise transformation.

Blink Charging: Charging Service Revenue Jumps 17% As Company Pulls Back From Lower-Margin Hardware Sales

By Amit Chowdhry ● Yesterday at 8:15 AM

Blink Charging's charging service revenue increased 17% during the first half of 2026 as the electric vehicle charging company deliberately reduced lower-margin hardware sales and shifted resources toward recurring charging and network revenue.

The RealReal: Average Order Value Jumps 13% To $659 As Active Buyers Top 1.1 Million

By Amit Chowdhry ● Yesterday at 8:14 AM

The RealReal is seeing simultaneous growth in both the number of customers using its luxury resale marketplace and the amount those customers spend, with average order value increasing 13% to $659 and trailing 12-month active buyers rising 11% to 1.107 million during the second quarter of 2026.

River AI Raises $1.1 Billion To Build Open AI Stack

By Amit Chowdhry ● Yesterday at 8:12 AM

River AI has raised $1.1 billion in funding led by General Catalyst and AMP PBC to build a full-stack artificial intelligence platform focused on open models, customization and personal AI. The round also included strategic investments from NVIDIA and AMD Ventures, with additional participation from Y Combinator and Temasek.