Companies
Corporate strategy, restructurings, management changes, and operating updates.
Former Obagi CEO charged with defrauding public company and shareholders
Federal prosecutors in Manhattan have charged former Obagi CEO Jaime Castle with defrauding Waldencast and its shareholders by allegedly inflating revenue and financial performance before the beauty company’s acquisition.
Boston Scientific enters $2 billion accelerated share repurchase
Boston Scientific said it entered a $2 billion accelerated share repurchase with JPMorgan Chase Bank under its existing buyback authorization. The company expects to receive about 30.4 million shares initially and complete final settlement by June 30, 2026.
POET closes US$400 million investment
POET Technologies said it has closed a US$400 million registered direct investment from a single institutional investor, adding gross proceeds of US$400,000,020 to fund manufacturing expansion, R&D and growth initiatives.
BLSK Energy signs Argonne agreement to commercialize advanced reactor fuel technology
BLSK Energy says it has signed an agreement with Argonne National Laboratory to commercialize technology that recycles used nuclear fuel into fuel for advanced fast reactors. The company says the deal marks its emergence from stealth mode and supports plans for a pilot recycling facility.
UNMC and Nebraska Medicine transition work apps on personal devices to Microsoft Intune
UNMC and Nebraska Medicine say personal devices used for work apps will move from Intelligent Hub to Microsoft Intune Company Portal, with the change due by July 27.
PSEG Foundation opens 2026 Neighborhood Partners Program applications
PSEG Foundation said nonprofits in New Jersey and Long Island can apply for 2026 Neighborhood Partners Program grants from June 1 to June 30. The program will distribute $1.2 million, with awards from $500 to $15,000.
Boston Scientific enters into $2 billion accelerated share repurchase agreement
Boston Scientific said it entered into a $2 billion accelerated share repurchase agreement with JPMorgan Chase as part of its previously authorized $5 billion buyback program. The company expects to receive about 30.4 million shares initially and said final settlement is due by June 30, 2026.
Bitcoin Depot initiates voluntary Chapter 11 process to wind down and sell assets
Bitcoin Depot said it has entered voluntary Chapter 11 proceedings in Texas to wind down operations and sell its assets, with its BTMs taken offline and non-U.S. entities also set for restructuring or wind-down.
West Marine files for Chapter 11 bankruptcy in Delaware
West Marine and several subsidiaries have filed for Chapter 11 protection in Delaware in a pre-arranged restructuring. The company says it has enough liquidity to keep operating, will pay post-filing vendors in full and is reviewing store closures as part of the process.
POET closes US$400 million investment round
POET Technologies said it closed a US$400 million registered direct offering with a single institutional investor. The company plans to use the proceeds to expand manufacturing, scale research and development, pursue corporate development, and support working capital.
LU-VE expands its production hub in Texas and strengthens its presence in the United States
LU-VE said it inaugurated a new production area at its Jacksonville, Texas, plant, adding 20,000 square meters and expanding capacity for data center cooling, power generation and refrigeration. The company said the site supports a recent multi-year framework agreement with a global hyperscaler and that it plans to add about 200 workers over 18 to 24 months.
TDConnex opens advanced micro-precision factory in Xiamen
TDConnex said it has opened its sixth manufacturing facility in Xiamen, a new 800,000-square-foot campus that expands metal injection molding capacity for micro-precision components.
BASF Agricultural Solutions commissions new BioHub fermentation plant in Ludwigshafen
BASF Agricultural Solutions says it has commissioned its BioHub fermentation plant in Ludwigshafen, a new facility intended to make biological fungicides and seed-treatment products. The company says the plant expands biological production capacity and supports more flexible, resilient supply chains.
Atara Biotherapeutics Provides Regulatory Update on Tabelecleucel
Atara Biotherapeutics said an FDA Type A meeting gave its partner Pierre Fabre a clearer path to resubmit tabelecleucel, including a single-arm framework with historical controls.
DASH, Z, ARM, FTNT Lead After-Hours Stock Moves
DoorDash, Zillow, Arm and Fortinet all reported quarterly results after the close, driving sharp after-hours moves across delivery, housing, semiconductors and cybersecurity names.
Novo Nordisk lifts guidance as Wegovy pill drives quarterly growth
Novo Nordisk raised its full-year guidance after first-quarter results showed strong demand for the Wegovy pill and continued obesity-care growth.
Omnicom elevates Christine Gambino to CEO of Omni, Alex McCord to lead commerce
Omnicom has named Christine Gambino CEO of its Omni platform and put Alex McCord in charge of commerce, while Duncan Painter steps down to pursue a senior role in the UK. The moves come during Omnicom's ongoing post-Interpublic integration.
SOUTHWEST AIRLINES PREPARED TO ASSIST SPIRIT AIRLINES' CUSTOMERS FACING TRAVEL DISRUPTION
Southwest Airlines said it will offer special fares and a status match to help Spirit customers after Spirit Airlines began an immediate wind-down of operations.
Frontier announces discounted rescue fares for Spirit customers
Frontier Airlines said it is offering discounted rescue fares and extra capacity in former Spirit markets after Spirit announced an immediate wind-down of operations.
Spirit Airlines Begins Orderly Wind-Down of Operations
Spirit Airlines said it has begun an immediate orderly wind-down of operations after failing to secure additional funding, canceling all flights and triggering refund disruption.
AvalonBay and Equity Residential explore potential merger
AvalonBay Communities and Equity Residential are reportedly in preliminary merger talks, a potentially major deal in the apartment REIT sector.
Cathie Wood’s ARK sells Rocket Lab, buys Intellia stock
ARK Invest’s daily trade disclosure showed it sold Rocket Lab shares and bought Intellia Therapeutics shares in its latest portfolio rotation.
Predictive Discovery Q1 2026 production surges 308% on Kiniero ramp-up
Predictive Discovery said its March 2026 quarter gold production jumped 308% to 48,178 ounces, driven by the Kiniero ramp-up after commercial production began in February.
First Graphene agrees to buy Ionic Industries and Imagine Intelligent Materials assets for AU$250,000
First Graphene said it has agreed to acquire Ionic Industries and Imagine Intelligent Materials assets for AU$250,000, expanding into graphene coatings and geotextile applications.