By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Morgan Stanley: Alphabet Could Add 9GW of Compute by 2028, Boost AI Revenue
Morgan Stanley says Alphabet's AI compute plan is becoming clearer, with potential to add 9 gigawatts of capacity by 2028 and sell 4 gigawat
US Box Office Heads for Best Post-COVID Q2 as AMC Share Sale Dampens Mood
US movie theaters are set for their best post-COVID second quarter, with June ticket sales projected at $1.05 billion. However, AMC's latest
Biodexa Prices Three-Part Fundraise, Stock Dips on Dilution Fears
Biodexa Pharmaceuticals has priced a three-part fundraise worth $3.5 million, combining a registered offering, private placement, and warran
Asia ADRs Edge Higher as 51Talk Surges 15% and Trident Digital Slips
The S&P Asia 50 ADR Index edged up 0.76% to 2,855.11 early Tuesday, but behind the modest gain were sharp divergences: 51Talk surged 15% whi
Pyxis Oncology Raises Up to $114M in Private Placement to Fund Micvo Studies
Pyxis Oncology is raising up to $114 million via a private placement, securing $50 million upfront to advance its drug candidate Micvo. The
Morgan Stanley Sees UnitedHealth Beating Q2 EPS Estimates, AI Investment a Key Driver
Morgan Stanley expects UnitedHealth to report Q2 EPS of $4.95, above the $4.85 consensus, when it reports on July 16. The bank highlights AI
Nestlé Sets 2026 Deadline to Remove Artificial Colors Globally, Testing Margins
Nestlé will remove artificial colors from all its products globally by 2026, after years of R&D. The shift responds to consumer demand for c
QXO and TopBuild Near Deal Close: Cash-Stock Mix Set at $249.71 Plus 10.211 Shares
QXO is finalizing its acquisition of TopBuild, aiming for a July 1 close. Most TopBuild holders elected cash, but proration rules mean the p
Toyota Takes Majority Stake in Joby Joint Venture to Mass-Produce S4 Air Taxi
Joby Aviation and Toyota have launched a joint venture to manufacture the S4 electric air taxi, with Toyota holding a 51% stake. The deal gr
UK Government Threatens to Review $110B Paramount-Skydance-Warner Deal Over Media Freedom
The UK government is weighing whether to intervene in the $110 billion Paramount-Skydance deal for Warner Bros Discovery. Culture minister L
UAE Stocks Dip as Conflicting US-Iran Signals on Doha Talks Fuel Caution
UAE stocks slipped as conflicting US-Iran signals over potential Doha talks rattled markets. Abu Dhabi's index fell 0.359% and Dubai's dropp
Volkswagen's China Profit Plunge Sparks Historic Overhaul as Shares Hit 15-Year Low
Volkswagen's China profits have fallen more than 80% over the past decade, and its stock is at the lowest level since July 2010. CEO Oliver