Core Viewpoint - ATIF Holdings Limited (ZBAI) has entered into a non-binding letter of intent to acquire 100% equity of Mask Global Market Co. Ltd. through the issuance of ZBAI Class A ordinary shares [1][2] Group 1: Acquisition Details - The acquisition will involve ZBAI exchanging a certain amount of Class A ordinary shares for all issued shares of Mask Global, with the final consideration to be determined based on due diligence and audited financial statements [2] - The LOI includes a 60-day exclusivity period during which neither party can negotiate with third parties regarding similar transactions [2] - Mask Global was evaluated between $450 million and $550 million in a 2023 report by Valtech, which will be considered in the final transaction [2] Group 2: Strategic Implications - The merger is expected to enhance ZBAI's global market presence, particularly in the Web2 and Web3 sectors, leveraging ZBAI's capital market platform and Mask Global's operational strengths [3] - Both CEOs expressed optimism about the merger, highlighting the growth potential and market competitiveness of Mask Global, and the broader development platform and capital support it will provide [4] Group 3: Company Backgrounds - Mask Global operates as a traditional cryptocurrency exchange, aiming to connect Web2 and Web3, and is developing a regulated all-in-one super app and wallet service [5] - ZBAI specializes in providing IPO, M&A advisory, and post-IPO compliance services to small and medium-sized companies seeking to go public in the U.S. and is exploring opportunities in the BTC sector [6]

The union is seeking major gains at its only non-Detroit-Three auto plant. ...

Novo Nordisk's experimental Wegovy pill showed a 16.6% weight-loss in a late-stage study, according to data published in The New England Journal of Medicine on Wednesday, which is comparable to previous trial results of injectable Wegovy. ...

Group 1 - General Mills, Inc. reported fiscal first-quarter 2026 results that exceeded Wall Street profit expectations while reaffirming its full-year guidance [1] - The company posted adjusted earnings of $0.86 per share, surpassing analysts' forecast of $0.81, despite a 7% decline in net sales to $4.5 billion [1] - Revenue was in line with expectations at $4.52 billion but fell 3% organically, impacted by unfavorable price realization and mix in the North America Retail segment [1] Group 2 - Adjusted operating profit decreased 18% in constant currency to $711 million, although results were slightly better than internal projections [2] - The divestiture of the U.S. yogurt business generated a $1.05 billion gain, boosting reported operating profit by 108% to $1.7 billion and diluted EPS by 116% to $2.22 [2] Group 3 - By division, North America Retail sales dropped 13%, while North America Pet sales grew 6%, aided by an 11-point benefit from the Whitebridge Pet Brands acquisition [3] - North America Foodservice sales declined 4%, and International sales rose 6% [3] - General Mills reaffirmed its fiscal 2026 outlook, projecting organic net sales growth between -1% and +1%, with adjusted operating profit and EPS both expected to decline 10% to 15% in constant currency [3]

Chip Somodevilla/Getty Images The Fed faces a challenge in addressing a scenario in which inflation remains high while the labor market weakens. Key Takeaways Fed Chair Jerome Powell said the Federal Reserve is not guaranteed to repeat Wednesday's interest-rate cut. The Fed is caught between its missions to keep inflation low and employment high, and both are moving in the wrong direction. Powell said the Fed would cut rates further only if economic data indicated that was the right move, brushing of ...

Group 1 - Shares of Workday increased by over 6% following the disclosure of a stake exceeding $2 billion by activist investor Elliott Management [1] - Elliott Management expressed support for Workday's leadership, highlighting effective management by the CEO and CFO in recent years [1] - Workday announced a stock repurchase plan of $5 billion through fiscal 2027, indicating confidence in its growth trajectory [1] Group 2 - Workday is actively pursuing acquisitions to enhance its position in artificial intelligence, including a recent $1.1 billion deal to acquire AI firm Sana [2] - The HR software sector is experiencing increased M&A activity, exemplified by Thoma Bravo's agreement to acquire Dayforce, a competitor, for $12.3 billion [2]

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The Federal Reserve on Wednesday delivered on a widely anticipated quarter percentage point interest rate cut that will take its benchmark down to a target range of 4%-4.25%, its lowest in nearly three years. In addition, the central bank's Federal Open Market Committee provided signals of what's down the road."Maybe they circled the wagons a little bit saying, 'You know, this new guy Miran's coming in, it's obvious what his agenda is. Let's pull together here and make sure he knows what we're about and we' ...

Key insight: Bank stocks rose Wednesday after the Fed announced plans to cut the federal funds interest rate by one-quarter of a percentage point.What's at stake: Banks' net interest income could be negatively affected by the cut, but loan growth could help offset such a decline.Expert quote: Fed Chair Jerome Powell said the board hasn't decided about future rate cuts. "Some supported more cuts and some didn't," he said Wednesday.Bank stocks edged upward Wednesday after the Federal Reserve's first interest- ...

Core Viewpoint - BTIG downgraded Vericel Corporation from Buy to Neutral, removing its previous price target of $45, leading to a more than 7% decline in shares [1] Group 1: Share Performance and Market Sentiment - Vericel shares have dropped approximately 42% year-to-date following two weaker quarters [2] - The downgrade reflects a lack of expected growth from the MACI Arthro launch, with a survey indicating that around 60% of physicians anticipate no change in MACI volumes [2] Group 2: Growth Projections - BTIG projected a 20% increase in MACI procedure growth for fiscal 2026, aligning with Street estimates, followed by a slower average growth of 14.8% annually through fiscal 2028 [3] - The firm expects mid-to-high-teens overall growth, which is below consensus forecasts for fiscal 2026 and beyond [3] Group 3: Valuation and Investor Interest - Shares are currently trading at about 5x next-twelve-month EV/Sales, with much of the current weakness already reflected in the valuation [4] - Without clear upside catalysts, BTIG concluded that investor interest may not return in the near term [4]