Texas Attorney General Ken Paxton said Monday he has sued Netflix (NFLX) for allegedly spying on Texans by collecting users' data without their consent or knowledge.
Netflix didn't immediately reply to a request for comment from.
Price: $86.40, Change: $-1.08, Percent Change: -1.23%
Chemours (CC) reiterating its 2026 guidance may be viewed as weaker than peers, and investors may have been looking for a stronger signal from management of an H2 boost, RBC Capital Markets said in a note emailed Monday.Chemours secured a long-term chlorine supply contract with Olin (OLN) starting in 2028, aimed at strengthening its competitive position, the firm said. By that time, the PCC plant is expected to come online and deliver solid cost benefits for the company, according to the note.While the company should benefit from the Middle East conflict-driven sulfur cost inflation impacting sulfate-based TiO2 competitors, price has yet to boost earnings, which should start in H2, the brokerage added.RBC kept an outperform rating on Chemours and raised the price target to $29 from $26.Price: $25.31, Change: $+2.27, Percent Change: +9.85%
CIBC Capital Markets maintained its neutral rating on the shares of Cascades (CAS.TO) and cut its price target to C$13.00 from C$14.00 after the company reported its first quarter results on May 7.CIBC remains on the "sidelines given sluggish industry demand for corrugated," it said and added, that being said, it expects CAS' risk profile to improve as Bear Island ramps up further and leverage trends lower."We see net debt/EBITDA declining from 3.3x as of Q1 to 2.8x by year-end and 2.2x by the end of 2027," said analyst Hamir Patel. "Additionally, CAS appears to be delivering on portfolio rationalization, including targeting ~$230MM of redundant assets sales over 2025-Q3/26 ($149MM achieved to date), as well as $100MM in profitability improvements by year-end 2026 from 2024 levels ($30MM achieved in 2025)."CIBC maintained its rating on Cascades, while reducing its price target on lower estimates, it said.CIBC is reducing 2026/2027 EBITDA Estimates By 11%/5%, it said."We have lowered our 2026 and 2027 estimates by $66MM and $35MM, to $545MM and $620MM, respectively, largely reflecting weaker Containerboard segment assumptions," Patel added.Hamir Patel said over the past week, the "top three NA containerboard producers announced price hikes effective June 1, including International Paper (+US$70/ton), Smurfit WestRock (+US$50/ton) and PCA (+US$50/ton)"."Georgia-Pacific and Pratt Industries followed suit this week, while Cascades also announced US$60/ton hikes for liner and US$70/ton for medium," Patel said.. "This second industry pricing initiative follows the US$50/ton net hike realized across the industry earlier this year, with benchmark linerboard prices reaching US$995/ton (+5% YTD)."According to Pulp & Paper Week (PPW), CIBC noted, producers have cited higher manufacturing costs, as well as surging oil, fuel and transportation expenses. PPW recently characterized NA box demand as "steady at best" over the past six months, said CIBC but added that conditions appear to have improved in March and April, with U.S. shipments rising 3.4% in March."That said, industry participants remain cautious, as the ongoing conflict in the Middle East could weigh on consumer confidence and spending, further dampening demand," added CIBC. "On the supply side, the backdrop remains more constructive, supported by significant U.S. containerboard industry capacity rationalization [~10% of capacity (~3.6MM tons) removed since February 2025]."Price: $10.59, Change: $-0.19, Percent Change: -1.76%
Meta Platforms (META) is being sued by Santa Clara County, California, over allegations that it "knowingly facilitates and profits from billions of scam advertisements" on Facebook and Instagram, Bloomberg reported Monday.The complaint says Meta enables scam ads that target seniors and families and allegedly tracks such advertisements, and generates about $7 billion annually from these ads, the report said, citing Santa Clara County counsel Tony LoPresti, who filed the lawsuit.Meta did not immediately reply to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $602.92, Change: $-6.71, Percent Change: -1.10%