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NewtekOne Keeps Quarterly Dividend at $0.19 a Share, Payable Oct. 1 to Holders of Record Sept. 24

Hewlett Packard Enterprise Shares Fall After Evercore ISI Downgrade

Hewlett Packard Enterprise (HPE) shares were down 8.8% in Monday trading after Evercore ISI downgraded the stock to in-line from outperform.Trading volume stood at 21.4 million shares, compared with a daily average of 21.3 million.Price: $56.62, Change: $-5.47, Percent Change: -8.81%

$HPE

Wire8d ago

Update: Tyra Bioscience Shares Rise After Pricing $400 Million Offering

(Updates with the latest stock price movement in the headline and the first paragraph.)Tyra Bioscience (TYRA) shares rose more than 15% in Monday trading after the company said it has priced its $400 million underwritten offering of 9.1 million common shares and pre-funded warrants each at $22.03 apiece.The company said it intends to use net proceeds from the offering, along with existing cash, for its low-grade upper tract urothelial carcinoma, intermediate-risk non-muscle invasive bladder cancer, and achondroplasia programs, and other general corporate purposes.Tyra said RA Capital Management led the offering, with participation from Invus, Commodore Capital, BVF Partners, Janus Henderson Investors, and other investment management firms.The offering is expected to close on Tuesday, the company said.Price: $25.38, Change: $+3.35, Percent Change: +15.18%

$TYRA

Wire8d ago

AeroVironment, Nominal Collaborate to Support Defense Production Expansion

AeroVironment (AVAV) has adopted Nominal's test and operations data platform as part of a strategic collaboration aimed at supporting expanded production across its defense programs, Nominal said Monday.Financial details weren't provided.The platform is used to centralize test data capture, cross-team review and traceability for AeroVironment's uncrewed aircraft, loitering munitions and counter-UAS systems, Nominal said.AeroVironment shares were up about 6% in Monday trading.Price: $155.49, Change: $+8.78, Percent Change: +5.98%

$AVAV

Wire8d ago

Trump Says He's 'Not Happy' With Google's Finland Plant Plans

President Donald Trump said Monday on Truth Social he's "not happy" with Alphabet's (GOOG, GOOGL) Google over its plans to build a plant in Finland and wants them to "change their thinking."Google didn't immediately respond to a request for comment from.Price: $346.09, Change: $+10.64, Percent Change: +3.17%

$GOOG$GOOGL

Wire8d ago

LoanDepot Enters Marketing Services Agreement With HomeSmart

LoanDepot (LDI) said Monday it has entered into a marketing services agreement with HomeSmart, a 100% commission brokerage.The agreement will make the company's lending products accessible to HomeSmart's network of over 25,000 real estate agents, according to a statement.

$LDI

Wire8d ago

Charles Schwab to Bring Claude to Investment Advisors

Charles Schwab's (SCHW) Schwab Advisor Services said Monday it is working with Anthropic to bring Claude for Financial Advisors to over 16,000 independent registered investment advisors.The new offer brings together connectors and skills to help advisors with research, prep and analysis and is compatible with the tools they already use, the company said.Price: $106.97, Change: $-0.28, Percent Change: -0.26%

$SCHW

Wire8d ago

Trump Says He's 'Not Happy' With Google's Finland Plant Plans

$GOOG$GOOGL

Wire8d ago

Roper Technologies' Procare Acquires Child Care Management Platform Playground

Roper Technologies (ROP) unit Procare Solutions said Monday it acquired child care management platform Playground.Financial terms of the transaction were not provided.The Playground platform includes Camber, the first artificial intelligence assistant custom-built for child care, Procare said.Price: $398.08, Change: $+9.56, Percent Change: +2.46%

$ROP

Wire8d ago

Designer Brands' Growth Outlook Too Muted to Support Multiple Expansion, UBS Says

Designer Brands (DBI) mature DSW banner and its skew toward seasonal footwear will likely keep long-term revenue growth in the low-single-digit range, capping upside to its valuation multiple, UBS said in a note emailed Monday.The bank said main banner DSW is likely losing share to other retail channels, and that the company's muted growth outlook should limit any expansion in the stock's price-to-earnings multiple, even as near-term retail trends improve.UBS noted retail sales turned slightly positive quarter-to-date in Q3, with athletic footwear accelerating and dress staying strong.UBS also pointed to continued momentum in the Brand Portfolio segment, where Topo and Jessica Simpson each grew about 24% in Q2. The company delivered 430 basis points of gross margin expansion driven by higher markups, fewer markdowns and tighter inventory controls.UBS maintained its neutral rating on the stock and raised its price target to $6.50 from $6.00.Price: $6.58, Change: $+0.70, Percent Change: +11.90%

$DBI

Wire8d ago

Estee Lauder Forms Global Partnership With Profound on AI Brand Discovery

Estee Lauder (EL) entered into a global strategic partnership with Profound, an AI marketing platform that will give the company insight into how its brands appear across major generative AI platforms."This partnership gives every brand in our portfolio the ability to show up distinctly, consistently, and accurately wherever our consumers are asking for recommendations," Aude Gandon, Estee Lauder's global chief digital and marketing officer, said Monday in a statement.Financial terms weren't disclosed.Price: $98.85, Change: $+1.73, Percent Change: +1.78%

$EL

Wire8d ago

General Motors' Digital Opportunity Underappreciated, UBS Says

General Motors (GM) digital capabilities are an underappreciated and undervalued opportunity that could create a recurring, less cyclical and higher-margin revenue stream, UBS Securities said in a note Monday.UBS forecasts GM's total digital revenue will grow from $3.2 billion in 2026 to $9.6 billion by 2036, a roughly 11.5% CAGR. Digital profit contribution is expected to increase from about $2.7 billion in 2026 to $7.8 billion over the same period.The growing percentage of General Motors' fleet that is connected allows the company to tap opportunities beyond initial vehicle sales and capitalize on ongoing vehicle ownership and secondary customers, according to the note.The investment firm said further disclosure of digital key performance indicators or a breakout of digital revenue and profit could help drive a re-rating of General Motors' shares.UBS maintained a buy rating and raised its price target to $114 from $102.Shares of General Motors were up 1.2% in Monday afternoon trading.Price: $86.63, Change: $+1.01, Percent Change: +1.18%

$GM

Wire8d ago

Carlyle Closes Second Infrastructure Credit Fund

Carlyle (CG) reported Monday the final close of its Carlyle Infrastructure Credit Fund II, with about $2.3 billion in total capital commitments, exceeding its $2 billion target.The Fund, over three times larger than its predecessor, has attracted commitments from global institutions across North America, Europe, and Asia, the company said.Carlyle said that the fund currently has a portfolio of six investments across North America and Europe with about $500 million of capital committed.Price: $42.14, Change: $-0.20, Percent Change: -0.47%

$CG

Wire8d ago

Anthropic Launches Claude for Financial Advisors

Amazon.com-backed (AMZN) Anthropic said Monday it is releasing Claude for Financial Advisors, which offers a suite of connectors and workflow skills to assist with research, prep, and documentation tasks.Financial advisors can now connect Claude to custodians, portfolio platforms, and planning tools, the company said.Price: $253.66, Change: $-3.12, Percent Change: -1.22%

$AMZN

Wire8d ago

Alphabet's Waymo Launches Fully Autonomous Public Rides in Las Vegas

Alphabet's (GOOG, GOOGL) robotaxi unit Waymo began offering fully autonomous rides to public passengers in Las Vegas after months of testing, Waymo said in a blog post Monday.Initial rides will cover areas including the Las Vegas Strip, Allegiant Stadium, The Venetian, Spring Valley and Winchester, the company said, adding that it plans to gradually expand access across Clark County as it works toward opening the service to the broader public.Price: $343.20, Change: $+7.75, Percent Change: +2.31%

$GOOG$GOOGL

Wire8d ago

GitLab's Flex Headwind Smaller Than Expected, H2 Pipeline Remains Healthy, UBS Securities Says

GitLab's (GTLB) Flex offering may create a smaller revenue headwind than expected, while its H2 pipeline remains healthy despite some early renewals in Q2, UBS Securities said in a note Sunday.The investment firm estimated that Flex could reduce fiscal 2028 revenue growth by about 1 to 2 percentage points as adoption is likely to be "slower and more phased." Public-sector contracting limitations, large deals already in progress, and limited availability in some international markets could delay customer adoption, according to the note.The near-term opportunity in artifact management appears more "modest" than previously anticipated, with GitLab now expecting a mix of new deployments and replacements rather than widespread displacement of JFrog (FROG), the firm said.Competition from artificial intelligence-native source code management tools, including Cursor Origin, remains a concern, though early growth in non-developer seats could expand GitLab's addressable market over time, the firm said.UBS Securities has a neutral rating on GitLab, with a price target of $50.GitLab shares were up more than 4% in Monday trading.Price: $48.96, Change: $+1.97, Percent Change: +4.19%

$FROG$GTLB

Wire8d ago

Abbott Laboratories to Pay $385 Million to Settle Infant Formula Allegations

Abbott Laboratories (ABT) agreed to pay about $385 million to resolve allegations that infant formula produced at the company's Sturgis, Michigan, facility failed to meet statutory, regulatory, and contractual requirements, the US Department of Justice said Monday.The complaint alleged that Abbott knowingly manufactured infant formula purchased with taxpayer dollars in an environment that put the products at risk of microorganism contamination, potentially affecting their reliability, quality and safety.Under the civil settlement agreement, the company will pay $348.7 million to the US to resolve False Claims Act allegations and another $36.3 million to certain US states for claims under their State Medicaid and Women, Infants, and Children programs.Abbott said the settlement does not represent any finding of fault or liability, and that no unopened, distributed Abbott infant formulas have ever tested positive for Cronobacter sakazakii or Salmonella Newport bacteria.Shares of the company were up 1.1% in Monday trading.Price: $103.10, Change: $+1.15, Percent Change: +1.12%

$ABT

Wire8d ago

Market Chatter: Comcast, Paramount Skydance to Review Options for SkyShowtime JV

Comcast (CMCSA) and Paramount Skydance (PSKY) are starting a "review strategic options" for their European streaming joint venture SkyShowtime, including a potential business closure, The Hollywood Reporter said Monday, citing a company letter."No decisions have been made, and all options remain under consideration," the letter from the board of SkyShowtime said, according to the report.SkyShowtime did not immediately respond to' request for a 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: $25.27, Change: $+0.07, Percent Change: +0.28%

$CMCSA$PSKY

Wire8d ago

Kroger's Fiscal Q2 Results 'More Balanced' Than Comparable Sales Miss Suggests, UBS Says

Kroger's (KR) fiscal Q2 results were "more balanced" than the miss in comparable sales suggests, UBS said in a Monday note.Identical sales excluding fuel rose 0.2%, falling short of UBS expectations and the market's anticipated range of 0.5% to 0.8%, UBS analysts noted. However, they said the earnings outcome was "notably better than feared," as adjusted EPS surpassed both UBS and consensus estimates.The quality of the beat was also "reasonably constructive," driven by better-than-expected margin performance, specifically the company's first-in-first-out gross margin expanding by about 13 basis points despite anticipated modest pressure, the analysts said.While Kroger's revenue growth remains challenged, it is finding ways to support profitability while navigating a challenging operating environment through operational execution, sourcing initiatives, and improvements in higher-margin businesses, according to the note. The company continues to "demonstrate greater flexibility within its earnings model" than previously assumed, the analysts said.UBS kept the company's stock rating at neutral and price target at $63.Price: $60.70, Change: $+2.21, Percent Change: +3.78%

$KR

Wire8d ago

Scholar Rock's Early FDA Approval on Spinal Muscular Atrophy Drug Seen as 'Positive Surprise,' UBS Says

Scholar Rock Holding (SRRK) won early regulatory approval of Isembyld to treat spinal muscular atrophy, a "positive surprise" that lifts a key regulatory hurdle, UBS Securities said Sunday in a report.Isembyld was approved with a broad label for patients aged 2 years and older ahead of its Prescription Drug User Fee Act date on Sept. 30, and the commercial rollout is expected to be gradual, generating $5 million in revenue this year, in line with market expectations, the report said.UBS expects uptake to accelerate as reimbursement pathways become more streamlined, generating peak sales of $1.5 billion to $2 billion, "particularly given the substantial unmet need" in spinal muscular atrophy.While Isembyld's label notes an imbalance in fracture rates between the treatment group and placebo group in the late-stage study, the overall benefits outweigh the risks, the report said.UBS maintained its buy rating on Scholar Rock's stock and its $60 price target.Price: $53.61, Change: $-1.80, Percent Change: -3.25%

$SRRK

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