JAB Acquisition Corp I ( JABRR ) announced on Tuesday the pricing of its initial public offering of 15M units at an offering price of $10.00 per unit. Each unit is comprised of one Class A ordinary share, one redeemable warrant to purchase one Class A ordinary share at a price of $11.50 per share, and one right to receive one-fourth of one Class A ordinary share upon consummation of the company's ...
JAB Acquisition Corp I ( JABRR ) announced on Tuesday the pricing of its initial public offering of 15M units at an offering price of $10.00 per unit. Each unit is comprised of one Class A ordinary share, one redeemable warrant to purchase one Class A ordinary share at a price of $11.50 per share, and one right to receive one-fourth of one Class A ordinary share upon consummation of the company's initial business combination. The units are expected to trade on Nasdaq under the ticker symbol "JABRU" beginning on June 10, 2026. Once the securities comprising the units begin separate trading, the Class A ordinary shares, warrants, and rights are expected to trade on Nasdaq under the symbols "JAB," "JABRW," and "JABRR," respectively. D. Boral Capital is acting as the sole book-running manager for the offering. The company has granted the underwriter a 45-day option to purchase up to 2.25M additional units at the initial public offering price to cover over-allotments, if any. The offering is expected to close on June 11, 2026. Source: press release More on Jab Acquisition Corp Financial information for Jab Acquisition Corp
Cheng Xin | Getty Images News | Getty Images Kalshi said Tuesday that it will roll out measures to clamp down on insider trading, including a requirement for traders to provide employment details, as well as offering whistleblower services. The platform said it's making these changes "effective immediately" after an advisory committee called for stronger measures. Traders in certain markets will b...
Cheng Xin | Getty Images News | Getty Images Kalshi said Tuesday that it will roll out measures to clamp down on insider trading, including a requirement for traders to provide employment details, as well as offering whistleblower services. The platform said it's making these changes "effective immediately" after an advisory committee called for stronger measures. Traders in certain markets will be asked to submit details on their employment, Kalshi said. The move comes amid rising scrutiny of possible insider trading on prediction markets. Federal prosecutors charged a Google employee with fraud in May, noting the employee made over a million from insider information on Polymarket. The Wall Street Journal first reported that Kalshi will require traders to disclose their employer's identity in certain cases. Kalshi said it will provide three features, including risk scoring, which will provide a "risk score" to markets having possible insider trading or manipulation risk. The platform will have six ways of measuring a market's risk, including if it is a concern for national security or if the market is acceptable under current regulation. If the market's score meets a certain benchmark, participants will require employment verification. Kalshi said it will screen traders "before a trade is ever placed." The platform will also have enhanced whistleblower features that will let traders report abusive trading activity on any market any time of the day. The platform built "internal alerting controls" to collect whistleblower tips from traders, which will go to the surveillance team. "By implementing these new integrity measures, we continue to lead the industry on the issue of market integrity amongst federally regulated prediction markets," said Robert DeNault, Kalshi Head of Enforcement. For the first quarter, Kalshi said it's stopped over a hundred possible insider trading incidents using its new screening tools. Kalshi said the committee will continue to provide qua...
Congress narrowly voted to fund President Donald Trump's mass deportation agenda, giving the Department of Homeland Security $70 billion over the next three years. The house voted 214 to 212 in favor of the reconciliation bill Tuesday, following the Senate's 52-47 vote last Friday morning. The vote fell largely along party lines. Sen. Lisa Murkowski (R-AK) was the only Senate Republican to vote ag...
Congress narrowly voted to fund President Donald Trump's mass deportation agenda, giving the Department of Homeland Security $70 billion over the next three years. The house voted 214 to 212 in favor of the reconciliation bill Tuesday, following the Senate's 52-47 vote last Friday morning. The vote fell largely along party lines. Sen. Lisa Murkowski (R-AK) was the only Senate Republican to vote against it. Rep. Tim Walberg (R-MI), initially voted against the bill - meaning it would have failed - but changed his vote after huddling with House Majority Leader Steve Scalise (R-LA) and and Appropriations Chair Tom Cole, according to The Hill . N … Read the full story at The Verge.
Applied Digital ( APLD ) on Tuesday said its subsidiary, APLD ComputeCo 3, has priced a $1.59 billion offering of 7.000% senior secured notes due 2031 at par. The offering is expected to close on or around June 16, 2026. APLD ComputeCo 3 intends to use the net proceeds from the offering to fund the construction and associated expenses of 150 megawatts of critical IT load at the fourth building at ...
Applied Digital ( APLD ) on Tuesday said its subsidiary, APLD ComputeCo 3, has priced a $1.59 billion offering of 7.000% senior secured notes due 2031 at par. The offering is expected to close on or around June 16, 2026. APLD ComputeCo 3 intends to use the net proceeds from the offering to fund the construction and associated expenses of 150 megawatts of critical IT load at the fourth building at Polaris Forge 1, Applied Digital’s AI Factory campus at Ellendale, North Dakota , fund debt service reserves, and pay transaction expenses, among others. More on Applied Digital Applied Digital: Growth Isn't Free Applied Digital: 1-Month Lease Gap Signals Aggressive Hyperscaler Demand Applied Digital: Massive Revenue Backlog Escalation Underway Biggest stock movers Tuesday: APLD, NUVL, and more Applied Digital jumps as Needham ups price target after AI lease deal
(RTTNews) - Hubbell Inc. (HUBB) has agreed to acquire electrical products manufacturer NSI Industries from private equity firm Sentinel Capital Partners in a transaction valued at $3.0 billion.
(RTTNews) - Hubbell Inc. (HUBB) has agreed to acquire electrical products manufacturer NSI Industries from private equity firm Sentinel Capital Partners in a transaction valued at $3.0 billion.
Resolution of the US-Israel war with Iran seemed further away than ever on Tuesday after Donald Trump vowed the US would respond to what he said was the shooting down of a US helicopter off Oman. Prior to the attack, which Trump blamed on Iran , the president had continued to claim peace was near despite continued Israeli bombing of Lebanon. The US began a fresh round of strikes on Iran this after...
Resolution of the US-Israel war with Iran seemed further away than ever on Tuesday after Donald Trump vowed the US would respond to what he said was the shooting down of a US helicopter off Oman. Prior to the attack, which Trump blamed on Iran , the president had continued to claim peace was near despite continued Israeli bombing of Lebanon. The US began a fresh round of strikes on Iran this afternoon . The two pilots on the helicopter were rescued. Some 14 US soldiers have died in the war, while more than 7,000 people have been killed in Iran and Lebanon. Iran’s foreign minister posted on social media that “foreign forces in proximity to our territory are at constant risk,” adding that the “best solution is for them to leave.” What You Need to Know Today Investors continued to shy away from the tech giants that dominate much of the stock market in favor of a broader category of firms . Renewed volatility among semiconductor giants comes amid broader warnings that the market is about to top out . While the industry’s long-term outlook remains tied to a flood of spending on artificial intelligence, Wall Street is increasingly questioning that dynamic. “As much as we love to see tech’s leadership, it would be constructive to see this rally broaden out to other sectors,” said Bret Kenwell at eToro. “When leadership is concentrated in one corner of tech, the market’s foundation gets a little wobblier.” SpaceX’s initial public offering is said to have attracted demand from institutional investors for multiple times the available shares . The number of orders has increased since Monday, when Bloomberg reported many had already sought about $10 billion or more of shares . Banks are expected to stop taking orders from institutional investors after the market closes in New York on Wednesday, but retail investors can still submit orders for SpaceX shares on some platforms beyond that deadline. An index of US small business optimism fell in May to the lowest level since Octobe...
Canfor Corporation (TSX: CFP) on Tuesday said it agreed to acquire PinkWood Ltd.'s I-joist business for $68 million, including working capital. PinkWood, founded in 2009 and based in Calgary, Alberta, manufactures engineered wood joists used in residential, multi-family, and commercial construction. The facility employs about 120 people and has an annual production capacity of 46 million linear fe...
Canfor Corporation (TSX: CFP) on Tuesday said it agreed to acquire PinkWood Ltd.'s I-joist business for $68 million, including working capital. PinkWood, founded in 2009 and based in Calgary, Alberta, manufactures engineered wood joists used in residential, multi-family, and commercial construction. The facility employs about 120 people and has an annual production capacity of 46 million linear feet. Canfor said $55 million of the purchase price will be paid at closing, with the remaining $13 million payable over five years. The company expects to finance the acquisition using cash and available liquidity. PinkWood will continue operating under its existing name as a wholly owned subsidiary of Canfor. The transaction is expected to close in the third quarter, subject to customary closing conditions. Source: Press Release More on Canfor Historical earnings data for Canfor Financial information for Canfor
Later this year, you will be able to get bundled subscriptions for iPhone apps, as Apple announced it's expanding App Store bundles so they can include offers from different companies. It's similar to streaming video bundles that have combined offers for Apple TV and Peacock , but it also could put together subscriptions for completely different services, like Instagram Plus and Tinder Platinum. A...
Later this year, you will be able to get bundled subscriptions for iPhone apps, as Apple announced it's expanding App Store bundles so they can include offers from different companies. It's similar to streaming video bundles that have combined offers for Apple TV and Peacock , but it also could put together subscriptions for completely different services, like Instagram Plus and Tinder Platinum. Another option on the way is Suites, "a set of subscriptions that aren't available standalone, which people can purchase as a single subscription." TechCrunch and 9to5Mac report the new additions were announced during WWDC, along with other App S … Read the full story at The Verge.
People always talk knowingly about Weimar, a period of extremes: artistic and social-sexual decadence, democratic liberalism and the radicalisation of the left and the right, before Germany’s descent into Hitlerian hell. The city as a symbol, close to the site of the former Buchenwald concentration camp, is back in the news, well, at least the op-ed pages of the Western press. That’s rarely a good...
People always talk knowingly about Weimar, a period of extremes: artistic and social-sexual decadence, democratic liberalism and the radicalisation of the left and the right, before Germany’s descent into Hitlerian hell. The city as a symbol, close to the site of the former Buchenwald concentration camp, is back in the news, well, at least the op-ed pages of the Western press. That’s rarely a good sign. “The new crisis [in Germany] seems uncomfortably familiar because, in some respects, it...
Sviatlana Zyhmantovich/iStock via Getty Images Just before the recent round of activity around the AI trade - first a dive south before an overwhelming rally from the March lows - I have made my preferences known when it comes to hyperscalers. Alphabet Inc. ( GOOG )( GOOGL ) and Microsoft Corporation ( MSFT ) are two names that have several things in common - a dominant distribution (Search/Androi...
Sviatlana Zyhmantovich/iStock via Getty Images Just before the recent round of activity around the AI trade - first a dive south before an overwhelming rally from the March lows - I have made my preferences known when it comes to hyperscalers. Alphabet Inc. ( GOOG )( GOOGL ) and Microsoft Corporation ( MSFT ) are two names that have several things in common - a dominant distribution (Search/Android/Workspace - Windows/Office/enterprise), a hyperscale cloud (Google Cloud - Azure) and a paid AI assistant (Gemini - Copilot). Now they also have a capex burden that pulls them together. Despite the similarities in the stage of the AI journey and the wider business similarities, I have had a varied outlook on the two. For Microsoft, the Strong Buy call in early March was backed by real capex drag being priced in at near-historical low valuations. Margins held through the spend, and a stress floor even survived weak AI returns. The case looked more like overdone fear when monetization was already visible, and demand was exceeding supply. For Alphabet , the same capex drag looked to have raised the ask of prices. The rally at that point had been most recently supported by a sharp multiple expansion, rather than one backed by strong earnings revisions, leaving investments with a lower margin of safety. Since then, Alphabet has moved further up (by almost ~20%), while Microsoft went further down before some recovery (net-net ~4% up from the time of my thesis). The moves have not been entirely irrational even going by my earlier stance. Cloud margin strength has grown stronger, supporting conversion evidence. In fact, when one accounts for Alphabet's full-stack ownership versus Microsoft's dependencies on rented models (OpenAI, Anthropic) and merchant GPUs (versus Google's own frontier model, Gemini, and silicon/TPU ownership), the outcome is less surprising than it first appears. All in all, I feel the Alphabet case has gotten even stronger than in March, while Microsoft's nea...
Whale Rock Capital founder and veteran hedge fund manager Alex Sacerdote laid out one of the clearest bull cases for the AI buildout on Episode 477 of the Invest Like the Best podcast. His argument is that AI-powered coding is the proven unlock of the entire AI wave, and he believes the market is barely ... Veteran Hedge Fund Manager: Anthropic Targets $500 Billion Market Opportunity as ‘Just Codi...
Whale Rock Capital founder and veteran hedge fund manager Alex Sacerdote laid out one of the clearest bull cases for the AI buildout on Episode 477 of the Invest Like the Best podcast. His argument is that AI-powered coding is the proven unlock of the entire AI wave, and he believes the market is barely ... Veteran Hedge Fund Manager: Anthropic Targets $500 Billion Market Opportunity as ‘Just Coding Alone Has Completely Taken Off’