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Wolfspeed Says Department of War Conditionally Commits Up to $1.5 Billion in 30-Year Financing, With Warrants for Up to 7.5% of Equity
Wolfspeed says the U.S. Department of War, through its Office of Strategic Capital, conditionally committed up to $1.5 billion in 30-year delayed-draw financing, with warrants for up to 7.5% of fully diluted equity, subject to diligence and definitive agreements.
Viatris to Acquire Pacira BioSciences for $36.50 a Share in $1.65 Billion Cash Deal
Viatris has agreed to acquire Pacira BioSciences for $36.50 per share in cash, a $1.65 billion equity-value deal structured as a tender offer, bringing Exparel and Zilretta into its non-opioid pain portfolio.
Devon Energy Weighs Eagle Ford, Powder River Exit That Could Top $4 Billion, Bloomberg Reports
Bloomberg reports Devon Energy is weighing a sale of its Eagle Ford and Powder River assets that could top $4 billion, amid shareholder pressure to simplify its portfolio; no buyer or final terms have been confirmed.
TSMC September Sales Jump 54.6% Year Over Year as Record Q3 Revenue Tops Estimates
TSMC's September revenue rose 54.6% year over year to NT$511.86 billion as third-quarter sales hit a record NT$1.49 trillion, topping the LSEG SmartEstimate, according to CNBC and Seeking Alpha.
PepsiCo Beats Q3 Expectations on International Strength, Trims Core EPS Outlook as North America Lags
PepsiCo beat Q3 2026 EPS and revenue estimates on international growth, raised its full-year revenue outlook to about 6% and cut its core EPS growth target to 2.5%-3.5% as North America lagged.
Levi Strauss Lifts Profit Outlook on Tariff Refunds, but Trims Sales View After DTC Miss
Levi Strauss posted adjusted EPS of 48 cents aided by tariff refunds, but CEO Michelle Gass said direct-to-consumer sales fell short as wholesale rose 6%.
Microsoft Opens $2,599 Preorders for Nvidia-Powered Surface Laptop Ultra, Shipping Oct. 16
Microsoft opened preorders for the Surface Laptop Ultra, an Nvidia Blackwell-powered laptop starting at $2,599 with shipments beginning Oct. 16, according to CNBC and Seeking Alpha.
Stock Market Today: Health Care Leads While S&P 500 Slips
Health Care led the session while the S&P 500 slips. See the validated market scorecard, sector performance, and what traders are watching next.
Paramount Completes $110 Billion Warner Bros. Discovery Takeover, Forming Skydance; Shares Begin Trading as 'SKYD'
Paramount's renamed Skydance Corporation closed its Reuters-valued $110 billion acquisition of Warner Bros. Discovery, with shares moving to the NYSE under 'SKYD' and new debt, synergy and streaming-merger targets now in focus.
Fed Minutes Show Most Officials Favored One More Hike by Year-End, But Gave No Timing Signal
Minutes from the Fed's September 15-16 meeting show most officials saw another rate hike as appropriate by year-end but gave no timing signal, after a unanimous 12-0 vote and public splits over the next move.
Twelve States and Writers Guild Settle Antitrust Suits Over Paramount Skydance-Warner Bros. Discovery Merger
Twelve states and the Writers Guild settled antitrust lawsuits over Paramount Skydance's Warner Bros. Discovery deal, winning film-output, cable-negotiation and news-independence commitments, according to KOB, NBC Miami and MediaPost.
SpaceX Reportedly Seeks $40 Billion in Debt to Fund Nvidia AI Chip Order, With Apollo Said to Lead
SpaceX is reportedly seeking about $40 billion in debt — roughly $10 billion in bank loans and $30 billion in investment-grade bonds — to fund an Nvidia AI chip order, with Apollo said to lead and a 2027 close targeted.
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