Navitas and NVIDIA unveil 800 V-to-12 V board for AI data centers
Navitas and NVIDIA developed a 24 kW board that converts 800 VDC directly to 12 VDC for AI data centers, removing the 50 V IBC stage.
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Global Ship Lease secures $1 billion syndicated loan facility
Global Ship Lease agreed a seven-year $1 billion loan facility at SOFR plus 1.5% to fund the delivery of 15 new containerships from 2028 to 2030.
Global Ship LeaseGSLSOFR
Nurix Therapeutics swings to Q3 profit on Roche deal proceeds
Nurix Therapeutics reported $673.06 million in third-quarter revenue, lifted by Roche license income and a Sanofi milestone payment.
Nurix Therapeutics
US stocks finish mixed as earnings and key data approach
The S&P 500 and Nasdaq slipped as technology shares fell and oil rallied. Investors now await bank results and the week’s inflation reports.
S&P 500NasdaqDow JonesWTIBrentUS equities
HCLTech beats forecasts as quarterly growth hits three-year low
HCLTech reported $3.72 billion in revenue, above estimates, but September-quarter growth slowed to its weakest level in three years.
HCLTechTata Consultancy ServicesAccentureUSD/INR
US Corn and Soy Basis Holds Mostly Steady as Harvest Gains Pace
US corn and soybean basis bids were largely unchanged as harvest accelerated, while CBOT corn rose and soybean futures finished lower.
CBOT December corn (CZ26)CBOT November soybeans (SX26)US corn basisUS soybean basis
Nasdaq slips as oil jumps and investors await bank earnings
US stocks ended mixed as the Nasdaq fell 0.44% after oil prices surged. Investors awaited bank earnings, inflation data and retail sales figures.
Nasdaq CompositeS&P 500Dow Jones Industrial AverageWTIMicrosoftUS Treasury yields
Derive forum weighs plan to pursue US derivatives expansion
A Derive governance proposal seeks approval for legal and regulatory work, plus treasury funding, to explore entry into US-regulated derivatives markets.
Derive
Equity Bancshares seen earning $1.29 per share for the quarter
Equity Bancshares is expected to report revenue of $85.059 million and earnings of $1.29 a share for the quarter ended September 30.
Equity Bancshares Inc
Savara to Present Molgramostim Data at CHEST 2026 Conference
Savara will present clinical data on molgramostim for autoimmune pulmonary alveolar proteinosis at CHEST 2026 in Phoenix, Arizona.
Savara Inc.molgramostim
Lake Street Cuts Pelthos Therapeutics Price Target to $40
Lake Street maintained its Buy rating on Pelthos Therapeutics while lowering the stock’s price target to $40.00 per share from $50.00.
PTHS
Maxim Group Lifts Price Targets for American Bitcoin and Strive
Maxim Group kept Buy ratings on American Bitcoin and Strive while raising their share-price targets to $16 and $37, respectively.
ABTCASST
Bumble Shares Jump 49% on Report of Potential $1 Billion Buyout
Bumble shares climbed 49% after a report said Ithaca Holdings was in advanced talks to take the dating company private at a valuation near $1 billion.
Bumble
Barclays Cuts PepsiCo Price Target to $126 From $133
Barclays kept its Equal-Weight rating on PepsiCo but lowered the stock’s price target to $126 per share from $133, Benzinga reported.
PEP
Barclays Raises Wesco International Price Target to $437
Barclays lifted Wesco International’s price target from $390 to $437 per share while maintaining its Overweight rating, Benzinga reported.
WCC
Meta returns to AI front ranks with its new Muse Wonder models
Meta unveiled Muse Wonder and Muse Wonder Full, sending its shares up more than 3%. Analysts see potential for new revenue streams and business opportunities.
Meta Platforms (META)OpenAIAnthropic
MPS reviews ISP offer after cash component rises to €1.25 per share
ISP raised the cash portion of its offer to €1.25 per MPS share. The bank urged shareholders to decide before the offer documents are published.
MPSISPBanco BPM
Barclays Raises Hinge Health Price Target to $110 per Share
Barclays kept its Overweight rating on Hinge Health and lifted the stock’s price target to $110 from $100, Benzinga reported at 19:22 GMT.
HNGE
Dell shares fall 2.8% as AI platform launch awaits 2027
Dell plans tools for AI agents in the first half of 2027, while its shares fell 2.8% to $569.94 as investors weighed execution risks.
Dell Technologies
Amazon Shares Ease as Alexa Leadership Shift Nears Tablet Launch
Amazon is testing demand for a $499.99 Alexa tablet ahead of October 14 shipments. Its shares were down about 0.8% at $260.39.
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