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Section

Business

Business news, M&A, corporate strategy, and industry analysis

The $20 Billion Book for SoftBank’s Bond Is a Bet on Yield, Not on OpenAI

Danone Pulled SKU 136603 for the Second Time in Nine Months, a Recall the FDA Had Already Closed

Generac Gained $2 Billion in Market Value on an Order Worth $2.4 Billion Over Two Years

Oura’s Gross Margin Fell 13 Points in a Year. An $84.4 Million Battery Bill Explains Most of It.

Michael Dell’s Family Office Is Buying an Insurance Brokerage at 20 Times EBITDA to Automate It

The Motor Oil Shortage Behind Costco’s Purchase Limit Started in Qatar, Not in Its Warehouses

Apple’s Price Increase Tracks the Memory Shortage, Not the Foldable

Oracle’s $638 Billion Backlog Is a Funding Structure, Not a Sales Pipeline

Jane Street, a Trading Firm With No AI Product, Now Holds $19 Billion in GPU Contracts

Uber Cut 3,300 Jobs to Bankroll an Autonomous Future It Does Not Build

Old Navy’s Incoming CEO Ran Its Marketing Through the Quarter Gap Just Blamed on Marketing

Brazil’s Weight-Loss Black Market Runs Exactly Along Eli Lilly’s Patent Line

KKR’s Record Antitrust Penalty Will Be Paid by Its Law Firms, Not by KKR

The FTC Made Redfin Get Back Into a Business Zillow Paid It $100 Million to Leave

Dick’s Sporting Goods Just Had Its Worst Day Ever. The $2.4 Billion Foot Locker Bet Is Why

XPeng Raised $900 Million for Its Robot Unit at a $6.3 Billion Valuation Before Selling a Single IRON

Anthropic’s $2 Trillion IPO Target Came From Its Investors, Not From Anthropic

Morgan Stanley’s $1.3 Billion Dallas Tower Puts a Number on New York’s Tax Fight

Walmart Raised Guidance on a $2.9 Billion Refund It Has Not Received Yet

Home Depot Beat on $47.9 Billion and Still Refused to Raise Guidance, One Day Before 50% Canadian Tariffs Land

Berkshire Put $17 Billion into Alphabet, and $10 Billion Never Touched the Market

Nelson Peltz Wants Wendy’s Private After 18 Years, a Withdrawn Outlook and a Halved Dividend

Blackstone Is Paying a 96% Premium for MarineMax Because It Is Not Buying a Boat Dealer

Zuckerberg’s 6,500-Word AI Manifesto Is a Pricing Attack on OpenAI and Anthropic