Stock Movers: Gilead Sciences, Merck, Domino's (Podcast)
On Feb 23, 2026, Gilead Sciences announced a cash deal to acquire biotech Arcellx for up to $7.8 billion, aiming to broaden its oncology portfolio. Merck & Co. is reportedly preparing to split its pharmaceutical division into separate cancer and non‑cancer units ahead of the Keytruda patent expiration. Domino's Pizza reported stronger‑than‑expected comparable sales, driven by higher menu prices, ingredient costs, and increased franchise fees, sending its shares higher. The moves highlight strategic pivots across biotech, pharma, and consumer food sectors.
Bloomberg Intelligence: Berkshire Slashes Amazon Stake (Podcast)
Berkshire Hathaway has cut its Amazon stake by 75%, reducing a once‑$15 billion holding to roughly $10 billion. The move, disclosed in a Bloomberg Intelligence podcast, reflects Warren Buffett’s bearish view on the e‑commerce giant’s growth prospects. It marks a rare portfolio...
TPG Chief Executive Jon Winkelried Says Firm Set Up AI Taskforce
TPG’s chief executive Jon Winkelried announced the creation of an AI taskforce to steer the firm’s software‑investment strategy as the sector endures a sharp sell‑off. He described the start of 2026 as a "big curveball" for markets, highlighting heightened volatility...
Stock Movers: Palo Alto, MSG Sports, Wingstop (Podcast)
Palo Alto Networks warned that adjusted earnings per share will fall between $3.65 and $3.70 for the full year and $0.78 to $0.80 for the third quarter, sending its stock to a two‑year low. MSG Sports announced that its board...
Talking Transports: AI’s Demand for Power Is Good for Transports
AI’s expanding power appetite is quietly reshaping freight demand, especially for transport providers serving the oil‑and‑gas sector. Pinch Transport’s flatbed less‑than‑truckload network moves pipe, tanks and heavy equipment across U.S. and Canadian basins, with volumes tied to crude‑price cycles rather...
Carlyle, BlackRock Buy Cheap Software Loans to Boost CLO Profits
Carlyle Group, BlackRock, Benefit Street Partners and Oak Hill Advisors are buying pools of low‑yield, software‑focused bank loans. The acquisitions are intended to seed new collateralized loan obligations (CLOs) after a year of compressed margins in the loan market. Buyers...
Toshiba Weighs Reducing Elevator Unit Stake as Kone Circles
Toshiba Corp. is weighing a partial or full divestiture of its roughly 80% stake in Toshiba Elevator & Building Systems, as Finland’s Kone Oyj signals renewed interest. Kone, which already owns just under 20% of the unit, has begun informal...
Hyatt’s Pritzker Announces Retirement, Cites Epstein Association
Tom Pritzker, who has guided Hyatt Hotels Corp. for more than two decades, announced his retirement as executive chairman and his decision not to stand for re‑election to the board. Since taking the helm in 2004, Pritzker has overseen the...
SpaceX to Compete in Pentagon Contest for Autonomous Drone Tech
SpaceX and its AI subsidiary xAI have entered a classified Pentagon competition to develop voice‑controlled, autonomous drone‑swarming systems. The contest, part of a broader push for AI‑enabled weapons, pits the two Musk‑owned firms against other defense contractors. Musk announced a...
SoftBank’s PayPay Gets Closer to US IPO in Milestone for Japan
SoftBank Group’s digital payments arm PayPay Corp. has filed a registration statement with the U.S. Securities and Exchange Commission, signaling a U.S. initial public offering as early as March 2026. The company, Japan’s leading QR‑code payment platform, is targeting a...