JHVEPhoto Just days after his €56B offer was rejected, Bill Ackman is looking to sell nearly half of his stake in Universal Music Group ( UMGNF ) ( UNVGY ). According to Bloomberg, Ackman’s Pershing Square Capital Management ( PS ) is putting ~80.6M shares of the Dutch record label up for sale at a price between €17.66 and €18.62 per share ($20.49 to $21.60) through Bank of America, gaining as muc...
JHVEPhoto Just days after his €56B offer was rejected, Bill Ackman is looking to sell nearly half of his stake in Universal Music Group ( UMGNF ) ( UNVGY ). According to Bloomberg, Ackman’s Pershing Square Capital Management ( PS ) is putting ~80.6M shares of the Dutch record label up for sale at a price between €17.66 and €18.62 per share ($20.49 to $21.60) through Bank of America, gaining as much as €1.5B in proceeds on the sale. In April, Pershing Square Capital Management ( PS ) offered €9.4B in cash (€5.05 per share) and 0.77 shares of the merged company for all outstanding UMG shares, representing a value of €30.40 per share. The proposed transaction was structured with UMG merging with Pershing Square SPARC Holdings with a listing on the NY Stock Exchange. According to Ackman , Universal Music Group’s (UMG) stock price “has languished due to a combination of issues that are unrelated to the performance of its music business and, importantly, all of them can be addressed with this transaction.” Ackman blames the disappointing performance of the stock on uncertainty surrounding the Bolloré Group’s 18% stake, postponement of a U.S. listing, and underutilization of UMG’s balance sheet, among other issues. However, UMG declined the offer as it “fundamentally and materially undervalues UMG and will not deliver superior value creations,” the company said in a statement last week. Universal Music Group ( UMGNF ) ( UNVGY ) shares have subsequently dropped as much as 8% to a two-month low. More on Universal Music Group Universal Music Group N.V. (UNVGY) Presents at J.P. Morgan 54th Annual Global Technology, Media and Communications Conference Transcript Universal Music Group N.V. (UNVGY) Q1 2026 Earnings Call Transcript Universal Music Group N.V. 2026 Q1 - Results - Earnings Call Presentation Universal Music Group declines Pershing Square offer Bolloré CEO says Ackman’s offer for Universal Music is too low - reports
Jess Asato was portrayed by AI tool as wearing a bikini after she criticised the creation of such non-consensual pictures A Labour MP has taken legal action against Elon Musk’s AI company after saying its Grok tool helped a user produce fake sexualised pictures of her, part of a wave of such images that flooded X earlier this year. Jess Asato, the MP for Lowestoft, said in January that seeing hers...
Jess Asato was portrayed by AI tool as wearing a bikini after she criticised the creation of such non-consensual pictures A Labour MP has taken legal action against Elon Musk’s AI company after saying its Grok tool helped a user produce fake sexualised pictures of her, part of a wave of such images that flooded X earlier this year. Jess Asato, the MP for Lowestoft, said in January that seeing herself portrayed by the AI tool as wearing a bikini without her consent was “violating”. Continue reading...
Combs was sentenced last year in New York to 50 months in prison on charges of transporting women for prostitution Authorities in Los Angeles are reviewing additional sexual assault allegations against Sean “Diddy” Combs, who is serving a federal prison sentence. In a statement to multiple outlets on Tuesday, a spokesperson for Nathan Hochman, the Los Angeles county district attorney, confirmed th...
Combs was sentenced last year in New York to 50 months in prison on charges of transporting women for prostitution Authorities in Los Angeles are reviewing additional sexual assault allegations against Sean “Diddy” Combs, who is serving a federal prison sentence. In a statement to multiple outlets on Tuesday, a spokesperson for Nathan Hochman, the Los Angeles county district attorney, confirmed that the office was reviewing the allegations, saying: “In the fall of 2025, LAPD and LASD each presented a separate sexual assault investigation for one victim to the LA county district attorney’s office.” Information and support for anyone affected by rape or sexual abuse issues is available from the following organizations. In the US, Rainn offers support on 800-656-4673. In the UK, Rape Crisis offers support on 0808 500 2222. In Australia, support is available at 1800Respect (1800 737 732). Other international helplines can be found at ibiblio.org/rcip/internl.html Continue reading...
Caldwell Investment Management initiated a new position in Sprott (NYSE:SII) during the first quarter, acquiring 57,300 shares in a transaction estimated at $7.67 million based on quarterly average pricing, according to a May 14, 2026 SEC filing. According to an SEC filing dated May 14, 2026, Caldwell Investment Management established a new holding in Sprott by purchasing 57,300 shares. The estima...
Caldwell Investment Management initiated a new position in Sprott (NYSE:SII) during the first quarter, acquiring 57,300 shares in a transaction estimated at $7.67 million based on quarterly average pricing, according to a May 14, 2026 SEC filing. According to an SEC filing dated May 14, 2026, Caldwell Investment Management established a new holding in Sprott by purchasing 57,300 shares. The estimated value of this trade, based on the average unadjusted closing price during the first quarter of 2026, was $7.67 million. The quarter-end value of the position was $7.70 million, resulting entirely from the new share purchase. Sprott is a Toronto-based asset management company specializing in alternative investment strategies and fund management. The company leverages its expertise in portfolio and wealth management to deliver differentiated products for a diverse client base. Sprott's focus on specialized investment offerings and disciplined management supports its competitive positioning in the asset management industry. Continue reading
In every major technology cycle, there comes a moment when the numbers stop looking like projections and start looking like history being made in real time. Broadcom (AVGO) may be the king of the moment. HSBC raised its price target on Broadcom, maintaining its Buy rating, as the firm dramatically ...
In every major technology cycle, there comes a moment when the numbers stop looking like projections and start looking like history being made in real time. Broadcom (AVGO) may be the king of the moment. HSBC raised its price target on Broadcom, maintaining its Buy rating, as the firm dramatically ...
This week we've got tandem hands-ons with Google's new Gemini AI agent - Spark - from my colleagues David Pierce and Jay Peters . Their takeaways are similar: It's so effective that it's scary. Spark knew that David's dog is named Frida and knew the first name of Jay's wife, even though neither of them explicitly provided this information to Google. But what's scary to me is how all of this stuff ...
This week we've got tandem hands-ons with Google's new Gemini AI agent - Spark - from my colleagues David Pierce and Jay Peters . Their takeaways are similar: It's so effective that it's scary. Spark knew that David's dog is named Frida and knew the first name of Jay's wife, even though neither of them explicitly provided this information to Google. But what's scary to me is how all of this stuff seems geared toward a future of "productivity" that completely misses what needs to be fixed in our world. "Productivity" is often pitched as a panacea for what befalls us in our personal lives, even going so far as to implicate our moral worthiness … Read the full story at The Verge.
The long-awaited SpaceX initial public offering (IPO) is rapidly approaching. June 12 is the big day, but you don't have to wait that long to buy space stocks. In fact, loading up on the sector in the days leading up to the SpaceX IPO could be a prudent move. Some stocks in the industry have been rallying as the excitement builds, and these three are particularly worth monitoring. AST SpaceMobile ...
The long-awaited SpaceX initial public offering (IPO) is rapidly approaching. June 12 is the big day, but you don't have to wait that long to buy space stocks. In fact, loading up on the sector in the days leading up to the SpaceX IPO could be a prudent move. Some stocks in the industry have been rallying as the excitement builds, and these three are particularly worth monitoring. AST SpaceMobile (NASDAQ: ASTS) works with telecom companies to make cell service more accessible worldwide. Its satellite-based cellular broadband networks act as an alternative for consumers where they cannot connect to terrestrial cell towers. The company launched the largest commercial communications satellite ever into orbit in late 2025, and plans one to two satellite launches per month this year. AST SpaceMobile intends to have a constellation of 45 satellites in orbit by the end of the year. A large backlog between the U.S. government and telecom providers offers the foundation for reaching that goal. Continue reading
July arabica coffee (KCN26 ) today is down -3.55 (-1.37%), and July ICE robusta coffee (RMN26 ) is down -74 (-2.11%). Coffee prices are retreating today, with arabica falling to a 1.5-year nearest-futures low and robusta falling to a 6-week low. The outlook for a record Brazil coffee crop is...
July arabica coffee (KCN26 ) today is down -3.55 (-1.37%), and July ICE robusta coffee (RMN26 ) is down -74 (-2.11%). Coffee prices are retreating today, with arabica falling to a 1.5-year nearest-futures low and robusta falling to a 6-week low. The outlook for a record Brazil coffee crop is...
July ICE NY cocoa (CCN26 ) today is down -42 (-1.02%), and July ICE London cocoa #7 (CAN26 ) is down -36 (-1.15%). Cocoa prices came under pressure today on chocolate demand concerns after Barry Callebaut, the world’s seventh largest chocolate maker by revenue, provided updated guidance that suggests a...
July ICE NY cocoa (CCN26 ) today is down -42 (-1.02%), and July ICE London cocoa #7 (CAN26 ) is down -36 (-1.15%). Cocoa prices came under pressure today on chocolate demand concerns after Barry Callebaut, the world’s seventh largest chocolate maker by revenue, provided updated guidance that suggests a...
From University Lab to Quantum Hype Stock IonQ (NYSE:IONQ) hit the public market in October 2021 via a SPAC merger with dMY Technology Group III, becoming the first pure-play quantum computing stock investors could actually buy. The pitch was bold: a trapped-ion architecture spun out of University of Maryland and Duke research, aimed at solving ... What a $1,000 Bet on IonQ Since Its SPAC Debut Is...
From University Lab to Quantum Hype Stock IonQ (NYSE:IONQ) hit the public market in October 2021 via a SPAC merger with dMY Technology Group III, becoming the first pure-play quantum computing stock investors could actually buy. The pitch was bold: a trapped-ion architecture spun out of University of Maryland and Duke research, aimed at solving ... What a $1,000 Bet on IonQ Since Its SPAC Debut Is Worth Today
Medtronic today announced that effective June 3, 2026, the Medtronic board of directors approved an increase in Medtronic's cash dividend for the first quarter of fiscal year 2027, raising the quarterly amount to $0.72 per ordinary share. This would translate into an annual amou
Medtronic today announced that effective June 3, 2026, the Medtronic board of directors approved an increase in Medtronic's cash dividend for the first quarter of fiscal year 2027, raising the quarterly amount to $0.72 per ordinary share. This would translate into an annual amou
German filmmaker Wim Wenders on Wednesday said he has pulled his 1975 movie The Wrong Move over a nude scene featuring a then-13-year-old Nastassja Kinski. Kinski, now 65, has urged Wenders to re-edit the film. Last month, she told the German newspaper Sueddeutsche Zeitung: “That was my first film, he was my first director and he didn’t protect me.” Wenders, the acclaimed director behind Paris, Te...
German filmmaker Wim Wenders on Wednesday said he has pulled his 1975 movie The Wrong Move over a nude scene featuring a then-13-year-old Nastassja Kinski. Kinski, now 65, has urged Wenders to re-edit the film. Last month, she told the German newspaper Sueddeutsche Zeitung: “That was my first film, he was my first director and he didn’t protect me.” Wenders, the acclaimed director behind Paris, Texas and Wings of Desire, issued a statement apologising to Kinski. “I recognise that Nastassja...
(RTTNews) - Save for a very brief while at the start, the Switzerland market stayed weak on Wednesday amid uncertainty about a full-fledged U.S.- Iran ceasefire in the Middle East following the latest wave of strikes and counterstrikes by the warring nations.
(RTTNews) - Save for a very brief while at the start, the Switzerland market stayed weak on Wednesday amid uncertainty about a full-fledged U.S.- Iran ceasefire in the Middle East following the latest wave of strikes and counterstrikes by the warring nations.
JHVEPhoto Eli Lilly ( LLY ) CEO Dave Ricks told German business daily Handelsblatt that his company will halve its initially planned €2.3B ($2.7B) investment in Germany as the weight-loss drugmaker focuses its home market in the U.S. The Indiana-based drugmaker has already invested more than €1B for a production site it began to construct in 2024 in the German town of Alzey in the southern state ...
JHVEPhoto Eli Lilly ( LLY ) CEO Dave Ricks told German business daily Handelsblatt that his company will halve its initially planned €2.3B ($2.7B) investment in Germany as the weight-loss drugmaker focuses its home market in the U.S. The Indiana-based drugmaker has already invested more than €1B for a production site it began to construct in 2024 in the German town of Alzey in the southern state of Rhineland-Palatinate. The high-tech facility for obesity injections is on track to begin operations next year at reduced capacity, generating half of the 1,000 jobs it was expected to create. The company will boost its existing operations in Pennsylvania, U.S., or build an entirely new site using the remaining funds, Ricks said. "Europe isn't completely off the table, but the U.S. makes the most sense," he added. Lilly ( LLY ), whose U.S. capital commitments have exceeded $50B since 2020, has pledged to boost its domestic investments as part of a drug pricing deal it reached with the Trump administration in November. More on Eli Lilly Eli Lilly and Company (LLY) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript Eli Lilly Expands Into Infectious Diseases, Retatrutide Adds Another Phase 3 Win Eli Lilly: Big Upside Likely (Rating Upgrade) Most and least shorted mid- to mega-cap healthcare stocks at the end of May Lilly inks RNA editing deal worth up to $1.9B with Ascidian
In this article PKG Follow your favorite stocks CREATE FREE ACCOUNT watch now VIDEO 2:52 02:52 This packaging company's steady growth could be an opportunity for options traders Options Action Wednesday is garbage day where I live, and because of how recycling works here, we have four separate bins. One for solid waste, one for "containers" - bottles and cans, one for compost (grass clippings basi...
In this article PKG Follow your favorite stocks CREATE FREE ACCOUNT watch now VIDEO 2:52 02:52 This packaging company's steady growth could be an opportunity for options traders Options Action Wednesday is garbage day where I live, and because of how recycling works here, we have four separate bins. One for solid waste, one for "containers" - bottles and cans, one for compost (grass clippings basically), and one for paper. These last two are the largest, but even so, somehow the one for paper is never big enough. We get everything delivered now, and everything delivered comes in a box. Sure enough today, no matter how much I folded and stuffed, a lot of the cardboard ended up next to the paper bin when there was no more room in it... which got me thinking. Packaging Corp of America (PKG) is an old-school, brick-and-mortar industrial business. They make corrugated boxes, containerboard, and shipping materials. Perhaps it sounds unsexy, like a relic of the past (the company's origins are more than a century old), but consider how the world actually works right now. We live in a new age dominated by digital commerce. Every single click on a mobile app, every online shopping binge, and every supply chain shipment fundamentally relies on one thing: a box. Tech may create the order, but old industrials package it up. It's the eyesore sitting on my curb right now. The stock is up a relatively modest 9% in 2026, but management just boosted the annual dividend by 20% to $6.00 per share, and the street consensus is the company earns 12.30 in adjusted EPS next year - roughly 18% growth YoY. With the stock trading around $225, you get a solid yield. But in a choppy, sideways macro environment, why just sit there and collect a standard payout? You can supercharge this old-economy horse using a classic, straightforward (dare I say "box stock") buy-write strategy. Stock Chart Icon Stock chart icon Packaging Corp of America (PKG), YTD We actually have a "double distribution" fund. ...
For much of its existence, Nvidia (NASDAQ:NVDA) has been something of an enigma. Every time investors think they have the company figured out, it changes course and expands its market opportunity. While its graphics processing units (GPUs) are still the gold standard for rendering high-quality graphics in video games, they have been adapted to power scientific research, cryptocurrency, professiona...
For much of its existence, Nvidia (NASDAQ:NVDA) has been something of an enigma. Every time investors think they have the company figured out, it changes course and expands its market opportunity. While its graphics processing units (GPUs) are still the gold standard for rendering high-quality graphics in video games, they have been adapted to power scientific research, cryptocurrency, professional content creation, cloud computing, data centers, and -- most recently -- artificial intelligence (AI). CEO Jensen Huang has an innate ability to anticipate opportunities and pivot the company to address them. That has driven impressive gains in the stock price over the past few years. Since the advent of AI in early 2023, Nvidia has risen 1,380%, and many believe there's more to come. Continue reading