Author: Jack Mulligan

Voyager Technologies IPO Details Voyager Technologies, a leading provider of space and defense technology solutions, raised $382.8 million in its U.S. initial public offering (IPO). The company sold approximately 12.35 million shares at $31 per share, exceeding its targeted price range of $26 to $29. This marks a significant milestone as the U.S. IPO market gains momentum after a period of volatility due to tariff concerns. Background and Market Context The Denver-based company’s IPO comes amidst growing global demand for military and defense technology, spurred by increased defense spending. The rise in military investments aligns with President Donald Trump’s administration’s…

Disney Acquires NBCUniversal’s Stake in Hulu Disney will pay Comcast’s NBCUniversal nearly $439 million for its stake in Hulu, taking full control of the streaming service. This acquisition marks the end of a prolonged appraisal process that began a few years ago. Details of the Deal and Appraisal Process In November 2023, Disney confirmed its acquisition of a 33% stake in Hulu from Comcast for a minimum of $8.6 billion. This amount reflected Hulu’s guaranteed floor value of $27.5 billion, as outlined in a regulatory filing. The deal closes the chapter on a process that has been underway for quite…

Overview of Mexico’s Inflation Surge Mexico’s inflation rate accelerated in May, surpassing the upper-end of the central bank’s target range. Official data from the national statistics agency INEGI showed that consumer prices rose by 4.42% year-on-year, higher than the expected 4.38% and up from 3.93% in April. This unexpected increase has created an uncertain landscape for borrowing costs in Latin America’s second-largest economy. Banxico’s Inflation Target and Monetary Policy Outlook Mexico’s central bank, Banxico, has an inflation target of 3% plus or minus one percentage point. The recent inflation uptick has led to diverging opinions among analysts regarding the central…

China is intensifying its efforts to ensure a stable electricity supply while supporting the growth of private enterprises, according to an official from the National Energy Administration (NEA) on Thursday. Supporting Private Enterprises At a press conference held by the State Council Information Office, Song Hongkun, deputy head of the NEA, outlined new measures designed to support private enterprises in electricity generation and usage. These initiatives aim to create a favorable business environment, which is seen as essential for the healthy development of China’s private economy. The NEA will focus on reducing electricity costs for businesses and providing targeted services…

Donald Trump recently reported having a “very good” phone call with Chinese President Xi Jinping amid the ongoing trade war between the U.S. and China. During the conversation, the two leaders discussed further tariff talks, following an agreement earlier this month to reduce their tariff rates while negotiations continue. Details of the Call The call, which lasted around 90 minutes, was first reported by Chinese state media and later confirmed by the Chinese foreign ministry. Trump took to his Truth Social platform to share details, stating that the conversation focused largely on trade-related matters, with no discussion about Russia/Ukraine or…

US stocks had a mixed performance on Wednesday, as investors digested a sharp slowdown in private-sector hiring growth and anxiously awaited developments in US-China trade talks. At the same time, the implementation of a steel tariff hike added to concerns, influencing market sentiment. S&P 500 and Nasdaq Close Higher, Dow Falls The S&P 500 (^GSPC) managed to stay narrowly positive on the day, while the tech-heavy Nasdaq Composite (^IXIC) rose more than 0.3%. On the other hand, the Dow Jones Industrial Average (^DJI) slipped by about 0.2%, breaking a four-day winning streak. The mixed performance reflected the market’s cautious approach…

Bank of Japan (BOJ) Governor Kazuo Ueda stated on Tuesday that Japan’s economy is resilient enough to withstand the impact of U.S. tariffs and continue its inflationary cycle, which is accompanied by rising wages. Ueda emphasized that despite challenges brought on by global trade tensions, Japan’s robust corporate profits and tight labor market will support sustained economic growth. Impact of U.S. Trade Policy and Tariffs While Ueda acknowledged that uncertainty surrounding U.S. trade policy, particularly President Donald Trump’s tariffs, could dampen Japan’s exports and discourage firms from investing and raising wages, he remained optimistic. “Recent tariff policies will exert downward…

Sanofi SA (NASDAQ: SNY) announced on Monday that it has agreed to acquire Blueprint Medicines Corporation (NASDAQ: BPMC) in a deal valued at approximately $9.1 billion. This acquisition includes the rare immunology disease medicine Ayvakit/Ayvakyt (avapritinib), which has been approved in both the U.S. and the EU, as well as an advanced and early-stage immunology pipeline. Key Medicine Acquired: Ayvakit/Ayvakyt Ayvakit/Ayvakyt is the only approved medicine for advanced and indolent systemic mastocytosis (ASM & ISM), a rare immunology disease. It targets the accumulation and activation of aberrant mast cells in several organs including bone marrow, skin, and the gastrointestinal tract.…

Dell Technologies (DELL) reported its first-quarter fiscal 2026 results on Thursday, revealing a mixed performance as the company missed earnings estimates while surpassing revenue expectations. The tech giant’s earnings grew 17% year-over-year, but its non-GAAP earnings of $1.55 per share fell short of the Zacks Consensus Estimate by 9.88%. Revenue Growth Driven by Product Segments Despite the earnings miss, Dell’s revenue rose 5% year-over-year, totaling $23.38 billion, slightly exceeding analyst expectations. The revenue increase was mainly attributed to strong growth across its product segments. Product revenues, which rose by 9% to $17.59 billion, surpassed the consensus estimate by 4.43%. However,…

U.S. jobless claims saw a significant increase last week, highlighting growing uncertainty in the labor market. As the Trump administration’s tariffs continue to disrupt the economy, the rise in unemployment filings signals a potential weakening of the job market. Jobless Claims Surge in Michigan Initial jobless claims rose by 14,000 to a seasonally adjusted 240,000 for the week ending May 24, surpassing economists’ expectations. The surge was especially pronounced in Michigan, the nation’s motor vehicle assembly hub, where claims spiked by 3,329. The automobile industry has been particularly affected by the 25% tariff on auto parts. The uptick in jobless…