Industries — page 29
Ligand Pharmaceuticals Completes Acquisition of XOMA Royalty in $739 Million Deal
The all-cash transaction expands Ligand's royalty portfolio to more than 200 assets and adds seven commercial products.
Willis Lease to Buy 12 Aircraft, 13 Engines in Asset Deal
The transaction strengthens the company’s aftermarket and leasing capabilities across the aviation asset lifecycle.
Ligand Completes $739 Million All-Cash Acquisition of XOMA Royalty
The deal adds more than 120 royalty assets to Ligand's portfolio, including seven commercial-stage products, and includes contingent value rights tied to pending litigation.
First Bancorp to Buy First Carolina Bancshares in $166 Million Deal
The mixed cash-and-stock deal pushes First Bancorp's First Bank into the top 10 for deposit share in both Carolinas, betting on a target it says shares its relationship-banking playbook.
Apollo Funds Completes $1.5 Billion Buyout of Emerald Holding
The all-cash deal unites two B2B events platforms under private ownership to capture demand for in-person industry gatherings.
Diodes to Buy ElevATE Semiconductor in $250 Million Cash Deal
The acquisition expands Diodes' analog and mixed-signal portfolio to target growth in the automated test equipment market.
Companies Warn AI Threatens Their Own Business Models
Across four industries, companies are flagging AI as both an operational necessity and a competitive and legal menace in their latest annual reports.
Wells Fargo Loan Growth Outpaces NIM Erosion as Fee Income Surges
Wells Fargo & Company (WFC) grew average loans 12% year over year to $1,026.5 billion even as its net interest margin compressed to 2.43%, while noninterest income jumped 13% on capital-markets strength.
Tactile Medical Lifts Guidance as Lymphedema Sales Accelerate
The medical-device maker raised its full-year revenue outlook by $3 million at both ends of the range after first-quarter sales rose 23%.
Northern Oil & Gas Boosts Buyback as Permian Curtailments Trim Output
The oil and gas producer repurchased nearly 3 million shares in the second quarter while Waha-region shut-ins cut estimated oil production to as low as 67,500 barrels a day.
Klaviyo customer base tops 196,000 as AI drives revenue
The marketing-automation platform reported 13.5% year-over-year growth in revenue from repeat customers during last year’s Black Friday weekend.
JPMorgan Chase Markets Revenue Surges as Investment Banking Rebounds
Net interest income rose 10% year-over-year to $25.6 billion in the second quarter.
Cleanspark locks $6.6 billion data-center lease
The bitcoin miner-turned-infrastructure firm swung to a $378.3 million quarterly loss as it pivoted to AI hosting.
Bitmine Boosts ETH Holdings as Staking Yields Dip
The crypto infrastructure firm now holds 5.77 million ETH tokens, or 4.8% of total supply.
Bank of America Revenue Growth Accelerates to 15%
Second-quarter revenue reached $31.6 billion, up 15% from a year earlier, as operating leverage widened to 6.6% and Global Markets sales and trading hit a 17th straight year-over-year gain.
Astrana Health Posts Record ACO Savings as Revenue Growth Holds at 56%
Astrana Health's affiliated accountable care organizations generated $120.4 million in gross shared savings for the 2024 performance year, with all eight ACOs turning a net profit for the first time.
Williams to Sell $5.34 Billion Stake in Power Innovation Projects to Blackstone
The pipeline giant partners with Blackstone, Apollo and KKR to fund its energy-infrastructure buildout while preserving balance-sheet capacity.
Energy Fuels to Buy VAC in $1.25 Billion Mine-to-Magnet Deal
The acquisition would create a fully integrated rare earth supply chain outside China, securing critical midstream metal and alloy capabilities.
Tactile Systems to Buy MyoSleeve Distribution Rights in $3 Million Deal
The asset purchase adds a wearable compression device to the company’s portfolio for earlier-stage chronic swelling patients.
Construction Partners to Acquire Ellsworth Construction
The acquisition expands the civil infrastructure company's footprint in Oklahoma's fastest-growing metropolitan areas.
Ferguson to Buy FloWorks in $1.6 Billion All-Cash Deal
The acquisition adds industrial distribution capabilities and geographic reach that Ferguson plans to extend across its non-residential customer base.
Supreme Court ruling sparks tariff refund wave
Companies begin reclaiming IEEPA tariffs after the Court’s decision, though recovery remains uneven and uncertain.
First Hawaiian to Buy TriCo in All-Stock Deal
The combined Pacific bank is expected to have about $34 billion of assets, with TriCo shareholders receiving 2.095 First Hawaiian shares, or $63.12 a share.
Plug Power Turns to Asset Sales as Cash Position Slides
Plug Power's unrestricted cash fell to roughly $162 million at quarter-end, down from $223 million three months earlier, pushing the company to lean on asset sales for liquidity.
First Hawaiian's NIM Hits Five-Quarter High as TriCo Deal Reshapes Footprint
Net interest margin expanded 6 basis points to 3.25%, the strongest in five quarters, as the Hawaii lender agreed to acquire TriCo Bancshares in a $63.12-a-share all-stock deal.
Babcock & Wilcox Bookings Jump 1,971% on Project Volume
The energy technology provider reduced net debt to $42.4 million as of March 31, 2026, down from $349.3 million a year earlier.
First Hawaiian to Buy TriCo Bancshares in $2.02 Billion All-Stock Deal
The combination creates the leading Pacific banking franchise and gives First Hawaiian its long-sought scale on the California mainland.
Plug Power to Buy Texas, New York Projects in $218.5 Million Asset Deal
The transactions advance Plug’s infrastructure optimization plan targeting over $275 million in liquidity improvement.
First Hawaiian to Buy TriCo Bancshares in $2.02 Billion All-Stock Deal
The transaction aims to create a leading Pacific banking franchise by accelerating First Hawaiian's growth on the U.S. mainland.
DT Midstream expands interstate footprint via ONEOK acquisition
The company secured a 55% revenue increase for its Viking Gas Transmission unit through a FERC-approved settlement.
HF Sinclair Maintains Midstream Structure Across Delaware Pipeline Entities
The company's regulated pipeline operations remained centered on its Delaware-incorporated limited liability subsidiaries during the 2024 reporting cycle.
Ameren accelerates coal retirement and expands MISO transmission footprint
The holding company utilized securitized bonds to fund the closure of the Rush Island Energy Center while pursuing long-range transmission projects in Illinois and Missouri.
Occidental Petroleum Income Rises on Higher Crude Prices
The energy company reported oil and gas pre-tax income of $1.0 billion for the first quarter.
Invesco Flows Stall as Passive Demand Cools
Net long-term inflows collapsed to $8.0 billion in the second quarter, down from $18.9 billion in the prior period.
Paycom shares slump as growth slows and buybacks surge
The payroll-software provider spent $1.06 billion repurchasing stock in the quarter while revenue growth decelerated to 7.8%.
Ionis Raises Revenue Guidance Following First Independent Commercial Launch
The biotechnology company increased its full-year total revenue projection to as high as $900 million.
Forte Biosciences' FB102 Posts Statistically Significant Vitiligo Improvement in Phase 2 Trial
The clinical-stage biotech reported a 29.6% mean FVASI improvement from baseline at week 24, with the benefit widening progressively after treatment ended.
Ares Real Estate Funds to Acquire Whitestone REIT in $1.7 Billion All-Cash Deal
Shareholders approved the $19-a-share buyout, giving Ares a portfolio of 56 open-air retail centers across fast-growing Texas and Arizona markets.
HSBC, BNY Lead RoTE Surge as G-SIB Capital Ratios Split
A four-bank cluster is pushing returns higher across three straight periods even as capital buffers move in opposite directions across the same panel.
Divergent Credit Loss Trends Hit Global Banking Reserves
HSBC expanded its expected credit loss allowance while Bank of America and UBS saw reserves contract.
Real Estate Operators Pivot to Liquidity and Asset Recycling
Real estate firms are aggressively optimizing balance sheets through strategic asset sales and debt refinancing as demand for specialized housing holds firm.
Sterling Infrastructure Doubles Credit Line as Revenue Growth Accelerates
Sterling Infrastructure expanded its credit facility to $1.5 billion, a $1.05 billion increase, days after posting 92% revenue growth in the strongest quarter of a four-quarter acceleration.
Simulations Plus Signs Altaris Takeover After Services-Led Quarter
Services revenue rose 20% to $9.3 million in the quarter ended May 31, 2026, as software held at $12.6 million.
RH Swings to a Loss as Tariffs Squeeze Backorders
RH posted a $13.7 million net loss in its most recent quarter, its first in five, as backorders swelled by roughly $75 million on tariff-related delays.
PepsiCo profit jumps on lower charges, volumes improve
The snack-and-beverage giant posted a 137% surge in second-quarter earnings per share.
Moderna swings to revenue rebound on international demand
The biotech firm posted $389 million in first-quarter sales, a 260% jump from a year earlier.
Levi Strauss Lifts Full-Year Guidance After Second-Quarter Profit Growth
The denim maker raised its full-year adjusted EPS outlook to $1.46 to $1.52, citing broad-based demand and margin gains.
Energy Transfer raises annual EBITDA guidance on record volumes
The midstream company reported first-quarter adjusted EBITDA of $4.94 billion, a 20% increase over the prior year.
HF Sinclair returns to profit as refining margins climb
The energy company reported consolidated revenue of $7.12 billion for the first quarter of 2026.
Copart Returns to Growth as Margins Expand
The online auto-auction company posted $1.2 billion in revenue, snapping a three-quarter decline.