Steve Madden announced it will not issue profit guidance for 2026 after the U.S. Supreme Court invalidated President Trump’s emergency‑powers tariffs. The ruling introduced significant uncertainty around trade costs, prompting CEO Edward Rosenfeld to postpone the company’s full financial forecast. Prior to the decision, the shoe maker had prepared a detailed outlook based on the existing tariff regime. The court’s action reverberates across sectors that depend on predictable import duties.
Spirit Airlines announced a deal with creditors that will allow it to exit Chapter 11 bankruptcy by late spring or early summer 2026. The restructuring will shrink the carrier’s balance sheet, cutting debt from $7.4 billion to about $2.1 billion, and will trim...
Uber announced it will acquire parking‑reservation platform SpotHero, integrating spot‑booking directly into the Uber app. The transaction, expected to close in the first half of 2026, does not disclose financial terms. SpotHero operates in over 400 U.S. and Canadian cities,...
Gilead Sciences agreed to acquire the remaining shares of Arcellx for an equity value of $7.8 billion, paying $115 per share—a 79.4% premium to the prior close. The deal secures full rights to Arcellx’s BCMA‑directed CAR‑T therapy anito‑cel, which is in...
Activist investor Elliott has acquired a stake of more than 10% in Norwegian Cruise Line, prompting a 6% pre‑market rise in the company's shares. Elliott intends to push for changes, including nominating a director to the board.