Business — Page 162

Evernorth Holdings offers Nasdaq-listed Class A shares tied to an XRP-focused corporate treasury. XRPN recently fell to $16.31.

The service is supported by crypto infrastructure company Zerohash and initially allows qualifying users to stake or unstake ETH through Client Portal.

The planned Axiom Solutions International would trade on Nasdaq under AXM and focus on power, thermal management and compute systems for AI data centers.

Crocs raised its 2026 outlook after international revenue grew 7.8% and expanded its share-repurchase authorization to approximately $2 billion.

The agreement targets higher domestic manufacturing capacity for solid rocket motors, a critical component of guided missiles.

The Nasdaq-listed asset manager increased its holdings to 32,773 BTC as of Oct. 9 after buying at an average price of approximately $84,500 per coin.

The Nasdaq-listed company spent about $280 million at an average price of roughly $84,500 per Bitcoin, lifting its holdings to 32,773 BTC.

The contract follows XTEND’s advancement to the third phase of the Drone Dominance Program, which requires delivery of 400 systems before further testing.

Chief Financial Officer Jeremy Barnum described the outlook as a central case based on highly uncertain assumptions. Third-quarter net income reached $15.3 billion.

Brian Armstrong said early adopters could gain customers and a competitive advantage as businesses consider stablecoin adoption.

The deal would add Moondream’s open-source vision models and inference software to Prime Intellect’s infrastructure stack. Financial terms and the closing date were not disclosed.

The insurer reiterated its 13% to 16% long-term growth target and cited progress from actions taken throughout 2026.

BP shares rose 3.5% to an intraday 52-week high of $48.74 as surging energy prices drove stronger profits from energy trading and oil refining.

The grocer paused updates to its fiscal 2026 outlook until the fourth quarter as it pursues a turnaround strategy after weaker second-quarter results.

Net income rose 40% year over year as Services revenue increased 15%, while credit-loss provisions grew 6% and the bank returned $4.1 billion to shareholders.

The company is emerging from stealth with software that monitors AI tools, agents, extensions, skills and Model Context Protocol servers used inside businesses.

USDY reached about $2.328 billion, ahead of BlackRock’s BUIDL at $2.204 billion, while Ondo’s OUSG added roughly $319 million.

The filing lists beneficial ownership by Ripple Labs Inc., SBI Holdings Inc., Chris Larsen and Arrington XRP Capital Fund, LP.

The Nasdaq-listed company added 3,311 BTC between Oct. 5 and Oct. 9, lifting its holdings to 32,773 BTC.

The Nigerian refinery is offering 4.1 billion ordinary shares at ₦525 each, with allotment scheduled for Nov. 17, 2026.

The government currently holds 15% of the diamond producer. Global Diamond Consortium is the preferred bidder in the proposed acquisition.

Supplier investments and customer purchase commitments involving Nvidia, OpenAI and Anthropic may contribute to overvaluation and market imbalances.

The zero-coupon bonds will mature in 2031, with remaining proceeds earmarked for share buybacks through December.

Shareholders will receive $6.05 per share, while JPMorgan shares rose after the bank raised its full-year net interest income outlook.

The seed funding will support hiring, additional deployments and software that analyzes spacecraft data before it reaches Earth.

American Electric Power will acquire up to 1.6 gigawatts of small generators from Mainspring Energy under an agreement covering the next eight years.

The overcollateralized loans use USDe reserve assets, with Ethena holding first-priority security rights. FalconX has processed more than $2.5 trillion in cumulative trading volume.

The European Commission raised competition concerns involving tampon and other feminine hygiene brands. Kimberly-Clark offered to divest the affected brands.

Citigroup’s third-quarter 2026 net income rose from a year earlier, while revenue increased 8% to $23.845 billion.

The planned Telecom Italia integration includes €500 million in cost savings and more than €200 million in revenue synergies, with Poste expecting earnings-per-share benefits from fiscal 2027.

Paid-business adoption continued to rise in August, but spending among the highest-spending companies fell as cheaper standard models drove more token volume.

The integration will support wallet creation, management and transaction signing for XRP, RLUSD and other XRP Ledger assets.

The Thailand-based collaboration will explore tokenization, stablecoins and institutional infrastructure, but no product launch or timeline has been announced.

The contracts cover OpenAI, Anthropic, DeepSeek and Moonshot, with settlement scheduled for Dec. 31, 2027.

The current framework calls for 97 gigawatts of new coal-fired capacity by 2035 as peak demand reaches new highs.

The stock outpaced a 0.65% gain in the Software & IT Services sector as investors reassessed AI’s role in enterprise software platforms.

The 20-year agreement covers 11 nuclear units and more than $4.3 billion in investment as data-center power demand accelerates.

Third-quarter sales rose 5.9% to $25.399 billion, while MedTech growth lagged pharmaceutical gains. The company raised its 2026 outlook.

The AI companion platform plans to keep operating during a court-supervised sale, while Disney has agreed to bid $20 million for selected intellectual property.

Muse Wonder and Muse Wonder Full extend Meta’s AI lineup as the company develops an enterprise business beyond advertising.