By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Texas Real Estate Giants Hunt, Crow Join Empery Digital in $230M Data Center Push
Two Texas real estate dynasties are partnering with Nasdaq-listed Empery Digital to convert a Midwest industrial site into a data center. Th
BioCryst Shuts Alabama Discovery Site, Pivots to External Licensing Deals
BioCryst Pharmaceuticals is closing its Birmingham discovery site by 2026 and cutting its 2026 expense outlook. The rare-disease drugmaker p
Martin Marietta Bets $13.5 Billion on Lime Demand in Infrastructure Boom
Martin Marietta Materials is acquiring lime and limestone supplier Lhoist North America for $13.5 billion. The deal reflects a bet that US i
Danone Q2 Sales Growth Expected to Accelerate, Supporting 2026 Targets
UBS expects Danone to report 3.8% like-for-like sales growth in Q2 on July 29, slightly above consensus. The improvement in volume and mix m
Guinea Bans Raw Gold Exports, Backs $30M Refinery to Capture Local Value
Guinea has banned raw gold exports and is backing a $30 million refinery set to start in July. The move aims to capture more value from the
Apple Challenges India Antitrust Findings, Citing Tiny Market Share
Apple has pushed back against India's antitrust findings, telling the Competition Commission of India its market share is under 6%. The comp
RBC Sees Sales Pickup at Action but Flags Margin Pressure and Slow US Rollout
RBC Capital Markets says discount retailer Action has seen better sales momentum recently, but still sees risks to 3i Group's near-term resu
Comcast to Spin Off NBCUniversal and Sky, Creating Two Public Companies
Comcast will spin off NBCUniversal and Sky into a new public company, separating its media assets from its cable-and-broadband business. The
Nagarro CEO Calls for BaFin Probe into Pre-Bid Trading Surge Before Persistent Offer
Nagarro shares surged nearly 20% before Persistent Systems announced a €1 billion takeover offer. The CEO now expects Germany's BaFin to inv
RBC Hikes Avolta Price Target After DFS Okinawa Deal, Sees Up to CHF100M Revenue Boost
RBC Capital Markets lifted its price target for Avolta to 57 francs after the Swiss travel retailer agreed to buy DFS's Okinawa operations f
Enterprises Push Back on AI Token Pricing, Shift to Open-Source Models
Enterprises are pushing back on AI token pricing as usage-based costs become unpredictable. Many are shifting routine tasks to open-source m
Aluminum Prices Slip as Strait of Hormuz Tensions Ease and Dollar Strengthens
Aluminum prices slipped as traders grew less worried about US-Iran tensions disrupting Strait of Hormuz shipping. A stronger dollar added pr