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Strategy
Alcoa’s Third-Quarter Profit More Than Doubles as Production Improves
The aluminum producer earned $483 million and generated $472 million of free cash flow while advancing a major asset acquisition and operational restarts.
By Anna Ferreira · Oct 18, 2026 · 3 min read
Strategy
Johnson & Johnson Raises Its Outlook, but MedTech Misses Expectations Again
Pharmaceutical growth supported a modest guidance increase, while medical-device sales of $8.64 billion fell short of Wall Street expectations for a second consecutive quarter.
By Anna Ferreira · Oct 18, 2026 · 5 min read
Strategy
UnitedHealth Raises Its 2026 Profit Outlook as Medical-Cost Control Improves
The insurer lifted adjusted earnings guidance to at least $20.50 a share as its medical cost ratio improved to 88.4%, even while membership declined in several businesses.
By Anna Ferreira · Oct 18, 2026 · 5 min read
Strategy
Zscaler Reaffirms Its Fiscal 2027 Targets and Puts a $10 Billion ARR Goal in Front of Investors
At a New York investor day, the security company held guidance for annual recurring revenue of $4.40 billion to $4.43 billion and framed agentic AI as the largest opportunity in its history.
By Anna Ferreira · Oct 6, 2026 · 2 min read
Strategy
Vaxcyte Moves to Raise $1 Billion After the Close, Hours After Its Phase 3 Vaccine Result
The company launched a $500 million equity and pre-funded warrant offering alongside $500 million of convertible notes due 2032, after shares closed up 30.7% on trial data.
By Anna Ferreira · Oct 6, 2026 · 2 min read
Strategy
KKR Agrees to Buy Fund Administrator Gen II at a $5.1 Billion Enterprise Value
The purchase from Hg and General Atlantic pushes the firm deeper into the back-office plumbing of the private funds industry rather than into a portfolio company.
By Anna Ferreira · Oct 6, 2026 · 2 min read
Strategy
Berkshire Lifts Its Lennar Stake Toward 12% as the Homebuilder's Shares Hit a 52-Week Low
A Form 4 filed Monday shows another $192.6 million of purchases, taking the holding to about 28.4 million Class A shares. Lennar closed down 7% the same day.
By Anna Ferreira · Oct 6, 2026 · 2 min read
Strategy
Chevron Will Take a $3 Billion-to-$4 Billion Loss to Exit Its Bakken and DJ Basin Midstream Stakes
The company is selling its Hess Midstream and DJ Basin crude midstream interests for $200 million in cash, deconsolidating about $3.7 billion of debt and resetting what it pays to move its own barrels.
By Anna Ferreira · Oct 6, 2026 · 2 min read
Strategy
Lucid Builds Fewer Cars Than It Sells in the Third Quarter as Its Operating Reset Drains Inventory
The electric-vehicle maker produced 2,954 vehicles and delivered 3,806 in the quarter, having cut a second shift at its Arizona plant in June.
By Anna Ferreira · Oct 6, 2026 · 2 min read
Strategy
GEO Group Sells Its Adelanto Complex to Homeland Security for $950 Million and Lifts Its Buyback to $1.25 Billion
The sale of three California facilities totaling 2,644 beds should net about $705 million, and GEO keeps the support-services contract through 2034.
By Anna Ferreira · Oct 5, 2026 · 2 min read
Strategy
Alector Hands Genentech Global Rights to Its Parkinson's Enzyme Therapy for $100 Million Up Front
Milestones could reach $1.17 billion, and chief executive Arnon Rosenthal says the agreement pushes Alector's cash runway into 2029.
By Anna Ferreira · Oct 5, 2026 · 2 min read
Strategy
Accenture Caps Fiscal 2026 With $74.2 Billion in Revenue and Guides Fiscal 2027 Growth to 3%-6%
A record 141 bookings of $100 million or more in the quarter, and a guidance range that starts below this year's growth rate, set up the Oct. 14 investor day.
By Anna Ferreira · Oct 3, 2026 · 2 min read
Strategy
Corteva Completes Its Split, Distributing Vylor Seed Shares After an Appeals Court Clears the Way
Holders received one Vylor share for each Corteva share before Thursday's open, leaving Corteva with crop protection and digital and Vylor with seed and genetics.
By Anna Ferreira · Oct 3, 2026 · 2 min read
Strategy
Integra LifeSciences Cuts 2026 Guidance After Cincinnati Flooding, With Full Manufacturing Not Back Until Q2 2027
The company put the third-quarter revenue hit at about $7 million and guided to a fourth-quarter impact of $15 million to $20 million, trimming full-year revenue and adjusted earnings outlooks.
By Anna Ferreira · Oct 3, 2026 · 2 min read
Strategy
Modine Spins Performance Technologies Into Gentherm in a $946 Million Reverse Morris Trust and Plans a Rename
Modine shareholders received 0.44619 Gentherm shares each and now hold about 43.6% of the combined company. Modine took a $156 million cash distribution, cut from $210 million, and intends to become Modexus Solutions.
By Anna Ferreira · Oct 3, 2026 · 2 min read
Strategy
Nuveen Completes Its Schroders Takeover, Creating a $2.6 Trillion Asset Manager
Schroders will run as a distinct unit for 12 to 18 months, with group chief executive Richard Oldfield reporting to Nuveen chief executive William Huffman.
By Anna Ferreira · Oct 3, 2026 · 2 min read
Strategy
AT&T Commits More Than $3 Billion to Corning Fiber in Multi-Year Supply Agreement
The carrier will buy U.S.-manufactured optical fiber and cable from Corning as it works toward reaching 60 million Americans by the end of 2030.
By Anna Ferreira · Oct 1, 2026 · 5 min read
Strategy
Ameriprise Authorizes Another $5.5 Billion of Share Repurchases Through September 2028
The new authorization is roughly an eighth of the asset manager's market capitalization and follows an April 2025 program with about $1.1 billion still remaining.
By Anna Ferreira · Oct 1, 2026 · 5 min read
Strategy
Alaska Airlines Moves to Join American's Atlantic and Pacific Joint Businesses
The carriers said they will seek Transportation Department approval and antitrust immunity to fold Alaska into revenue-sharing ventures that include British Airways, Iberia, Finnair, Aer Lingus and Japan Airlines.
By Anna Ferreira · Oct 1, 2026 · 5 min read
Strategy
FactSet Guides Fiscal 2027 Revenue to About $2.6 Billion as Organic ASV Growth Slows
The financial data provider closed fiscal 2026 with a 47th consecutive year of revenue growth, but guided next year's organic annual subscription value growth to 5% to 6.5%, below the 7% it just delivered.
By Anna Ferreira · Oct 1, 2026 · 5 min read
Strategy
Caterpillar Commits $1 Billion to Expand Compact Equipment Manufacturing in Sanford, North Carolina
The construction-equipment maker will build compact track loaders and telehandlers at the site, but disclosed no job count, no square footage and no production start date.
By Anna Ferreira · Oct 1, 2026 · 5 min read
Strategy
HPE Lands a $1.2 Billion Vultr Order for AMD Helios Racks and Raises Its Juniper Synergy Target to $800 Million
At a networking-focused investor event, Hewlett Packard Enterprise disclosed its first order for the new AMD rack system and lifted its cost-savings goal by a third.
By Anna Ferreira · Oct 1, 2026 · 5 min read
Strategy
Zymeworks Raises 2026 Guidance and Details Final Terms of Its $17-a-Share Theravance Biopharma Acquisition
The biotech funded the deal with a $350 million non-recourse note and cash, and is shifting to adjusted EBITDA as a headline metric.
By Anna Ferreira · Sep 29, 2026 · 5 min read
Strategy
Meta Opens Its Muse AI Agent to Small Businesses and Launches an Enterprise Platform
Muse now connects to Shopify, Stripe, Intuit QuickBooks, Slack and eight other tools, with paid tiers at $20 and $100 a month, as Meta moves to charge for its AI investment.
By Anna Ferreira · Sep 29, 2026 · 5 min read
Strategy
SCYNEXIS Wins a BARDA Contract Worth Up to $214 Million for Its Antifungal SCY-247
The base award is about $18.5 million; the rest depends on options the government may exercise across a term of up to 10 years.
By Anna Ferreira · Sep 28, 2026 · 5 min read
Strategy
Snowflake Plans a $3.5 Billion Private Placement of Zero-Coupon Convertible Notes
The data-cloud company will use proceeds for capped calls, buying back part of its 2027 converts, and general corporate purposes including possible buybacks and acquisitions.
By Anna Ferreira · Sep 28, 2026 · 5 min read
Strategy
Merck and Daiichi Sankyo Withdraw Ifinatamab Deruxtecan Application for Small Cell Lung Cancer
The partners said data including results from the IDeate-Lung01 phase 2 trial did not meet FDA requirements for accelerated approval.
By Anna Ferreira · Sep 26, 2026 · 6 min read
Strategy
Charles River Sets First 2030 Targets After Long Downturn, Backed by $300 Million Cost Program; Shares Jump 6%
The drug-development services group told its investor day it expects 5% to 7% organic revenue growth a year through 2030 and a roughly 24% operating margin.
By Anna Ferreira · Sep 25, 2026 · 3 min read
Strategy
McDonald's Commits About $8.5 Billion to Franchisees Through 2036 Under New 'McDonald's > NEXT' Strategy
The company retired its six-year-old Accelerating the Arches plan at an investor day and pledged rent relief and capital support, with roughly $5 billion of it landing by 2030.
By Anna Ferreira · Sep 25, 2026 · 3 min read
Strategy
Zuckerberg Says Meta Will Monetize Its Muse AI Agent Through Transaction Fees, Not Ads
The chief executive told developers at Meta Connect that the assistant will stay free for a large allowance of tokens, with revenue coming later from a cut of purchases it completes.
By Anna Ferreira · Sep 25, 2026 · 2 min read
Strategy
Starbucks to Close About 250 North American Cafes, Taking $300 Million in Charges
The company cut its fiscal 2026 net new store target to about 440 from 600 to 650, in the second consecutive year of major closures under the Back to Starbucks turnaround.
By Anna Ferreira · Sep 25, 2026 · 2 min read
Strategy
Tesla Opens a Dedicated Semi Plant in Nevada and Begins Customer Deliveries
The Sparks factory is designed for 50,000 Class 8 trucks a year, nine years after the Semi was unveiled. Tesla did not disclose pricing or near-term production volumes.
By Anna Ferreira · Sep 25, 2026 · 10 min read
Strategy
Eaton to Buy Italy's COL Group for 810 Million Euros to Expand European Power-Distribution Manufacturing
The Oaktree-owned maker of SF6-free medium-voltage switchgear is forecast to generate 250 million euros of revenue in 2027 and employs about 400 people across four Italian sites.
By Anna Ferreira · Sep 25, 2026 · 10 min read