Legendary Foods CEO Ron Penna sold his first protein bar company for $1 billion. His newest flex is selling fitness freaks ‘healthy’ versions of cinnamon rolls, donuts and chips—and now brings in $180 million in revenue. https://t.co/qDlXNEmwbj (Photo: Ethan Pines for Forbes) https://t.co/FTFHdIFjWb ...

Market Overview - U.S. stocks experienced gains, with the Nasdaq Composite increasing by approximately 100 points on Friday. The Dow rose by 0.34% to 46,297.65, the NASDAQ increased by 0.45% to 22,572.34, and the S&P 500 gained 0.31% to 6,652.30 [1] - Consumer discretionary shares saw a rise of 0.8%, while energy stocks fell by 1% on the same day [1] Company Performance - Lennar Corp. reported weaker-than-expected third-quarter results, with adjusted earnings of $2 per share, missing the consensus estimate of $2.10. Quarterly revenue was $8.81 billion, below the Street estimate of $8.99 billion [2] Commodity Market - In commodity news, oil prices decreased by 1.2% to $62.80, while gold prices increased by 0.3% to $3,690.40. Silver rose by 1.1% to $42.575, and copper saw a slight increase of 0.2% to $4.6080 [5] Stock Movements - AGM Group Holdings Inc. saw a significant increase in shares, rising 378% to $10.67 after announcing the sale of Nanjing Lucun Semiconductor Co. Ltd. for $57.45 million [8] - Barfresh Food Group, Inc. shares surged by 10% to $4.2201 following an increase in revenue guidance for FY26 and an upward revision of FY25 sales guidance [8] - ZOOZ Power Ltd. shares increased by 33% to $3.11 after shareholder approval for a $180 million private placement [8] - Reviva Pharmaceuticals Holdings, Inc. shares dropped by 38% to $0.2615 after announcing a $9 million offering of common shares and warrants [8] - ChowChow Cloud International shares fell by 17% to $4.45 amid post-IPO volatility [8] - Hess Midstream LP shares decreased by 9% to $35.81 after the company revised its financial outlook due to a slowdown in drilling activity by Chevron Corp [8] International Markets - European shares were mostly higher, with the eurozone's STOXX 600 rising by 0.06% and Spain's IBEX 35 Index increasing by 0.64%. However, Germany's DAX 40 fell by 0.02% [6] - Asian markets closed mostly lower, with Japan's Nikkei declining by 0.57% and China's Shanghai Composite falling by 0.30% [9]

Market Overview - U.S. stocks experienced gains, with the Nasdaq Composite increasing by approximately 100 points on Friday [1] - The Dow rose by 0.34% to 46,297.65, the NASDAQ increased by 0.45% to 22,572.34, and the S&P 500 gained 0.31% to 6,652.30 [1] - Consumer discretionary shares saw a rise of 0.8%, while energy stocks fell by 1% [1] Company Performance - Lennar Corp. reported weaker-than-expected third-quarter results, with adjusted earnings of $2 per share, missing the consensus estimate of $2.10 [2] - Quarterly revenue for Lennar was $8.81 billion, falling short of the Street estimate of $8.99 billion [2] Commodity Market - Oil prices decreased by 1.2% to $62.80, while gold prices increased by 0.3% to $3,690.40 [5] - Silver rose by 1.1% to $42.575, and copper saw a slight increase of 0.2% to $4.6080 [5] European Market - European shares were mostly higher, with the eurozone's STOXX 600 rising by 0.06% and Spain's IBEX 35 Index increasing by 0.64% [6] - London's FTSE 100 rose by 0.02%, while Germany's DAX 40 fell by 0.02% and France's CAC 40 climbed by 0.43% [6] Notable Stock Movements - AGM Group Holdings Inc. saw a significant increase in shares, rising by 378% to $10.67 after announcing the sale of Nanjing Lucun Semiconductor Co. Ltd. for $57.45 million [8] - Barfresh Food Group, Inc. shares surged by 10% to $4.2201 following an increase in revenue guidance [8] - ZOOZ Power Ltd. shares rose by 33% to $3.11 after shareholder approval for a $180 million private placement [8] - Reviva Pharmaceuticals Holdings, Inc. shares dropped by 38% to $0.2615 after announcing a $9 million offering [8] - Hess Midstream LP shares fell by 9% to $35.81 due to a cut in financial and operational outlook [8] Asian Market Performance - Asian markets closed mostly lower, with Japan's Nikkei declining by 0.57%, Hong Kong's Hang Seng gaining slightly by 0.0009%, China's Shanghai Composite falling by 0.30%, and India's BSE Sensex decreasing by 0.47% [9]

Ben & Jerry's co-founder Jerry Greenfield announced his exit from the ice cream maker late on Tuesday, alleging that parent firm Unilever had taken away the company’s independence and “silenced” its social activism.Read more: https://t.co/sdjlcxCAUg https://t.co/h9CkM9P3mZ ...

Inside The Billion-Dollar Red Sauce War: Carbone Vs. Rao’shttps://t.co/i98vvxpZfH https://t.co/yLOD5OyP7M ...

Company News - Ben & Jerry's co-founder Jerry Greenfield announced his exit from the ice cream maker [1] - Greenfield alleges Unilever has taken away the company's independence and "silenced" its social activism [1]

Group 1: Technology and Innovation - During the "14th Five-Year Plan" period, China's technological innovation capabilities have steadily improved, with a focus on enhancing the foundation of a strong technological nation [1] - By 2024, total R&D investment in China is expected to exceed 3.6 trillion yuan, representing a 48% increase from 2020, with R&D intensity reaching 2.68%, surpassing the EU average [1] - The total number of R&D personnel in China ranks first in the world, indicating a robust workforce dedicated to innovation [1] Group 2: Copper Market - Recent fluctuations in copper prices have seen them reach new highs, with LME copper prices nearing $10,200 per ton and Shanghai copper futures hitting 81,530 yuan per ton [2] - Analysts suggest that the market is currently in a state of "good news already priced in," leading to potential price stabilization in the short term [2] - Long-term prospects for copper prices remain positive, influenced by mining factors and macroeconomic conditions affecting demand [2] Group 3: Laser Radar Industry - Hesai Technology, after its NASDAQ listing, achieved profitability in Q2 2023, indicating a promising growth outlook [3] - The shift in automotive manufacturers' focus from high-level autonomous driving to safety-oriented assisted driving has increased the demand for laser radar as a standard safety feature [3] - The robotics market is providing new growth opportunities for the laser radar industry, leading to a "golden period" of simultaneous volume and price increases [3] Group 4: Real Estate Market - Recent data shows that the year-on-year decline in housing prices across major cities is narrowing, signaling a potential stabilization in the real estate market [4] - A series of supportive policies have improved market expectations and accelerated demand release, contributing to a recovery in certain regional markets [4] - The implementation of these policies has instilled confidence in the market, leading to a gradual recovery trend [4] Group 5: AI Investment by Internet Companies - Major internet companies are increasingly investing in AI, with Tencent's stock reaching a new high, reflecting strong market interest [8] - Companies like Tencent, Alibaba, and Baidu are ramping up bond financing to support their AI investments, optimizing their debt structures while preparing for long-term growth [8] - This trend indicates a strategic focus on enhancing AI infrastructure as a critical component of future business development [8] Group 6: Consumer Sector Preparation for Festivals - Companies in the consumer sector are actively preparing for the upcoming National Day and Mid-Autumn Festival, with innovative promotional activities to boost sales [6][7] - The automotive industry is leveraging policy benefits to drive sales growth, contributing to an overall consumption upgrade [7] - Many companies are aligning their offerings with real consumer demands, fostering new growth areas in the consumer market [7] Group 7: Brain-Computer Interface Technology - The approval of new standards for brain-computer interface medical devices is expected to clarify terminology and definitions in the industry, facilitating development and regulation [12] - This standard aims to address long-standing issues of terminology confusion and will be implemented in January 2026, laying a foundation for high-quality development in the field [12] Group 8: Housing Market Stimulus - Various regions are introducing financial incentives and promotional activities to stimulate housing consumption ahead of the National Day holiday [13] - These measures are particularly focused on second and third-tier cities, aligning with seasonal trends in home buying [13] - The initiatives reflect a commitment from local governments to stabilize the housing market and encourage consumer confidence [13]

Company Leadership - Ben & Jerry's co-founder Jerry Greenfield announced his exit from the ice cream maker [1] Corporate Governance & Independence - Unilever, the parent firm, allegedly took away Ben & Jerry's independence [1] - Unilever allegedly "silenced" Ben & Jerry's social activism [1]

Company Leadership - Ben & Jerry's co-founder Jerry Greenfield is leaving the company after 47 years [1] Corporate Strategy - Unilever is planning to spin off its ice-cream business as a separate entity [1]

Corporate Developments - China has instructed its largest tech companies, including Alibaba, not to purchase Nvidia's AI chips, effectively banning tens of thousands of orders, which led to a nearly 3% drop in Nvidia shares [4] - General Mills reported quarterly sales that exceeded estimates; however, shares declined after the company warned of a challenging consumer environment [5] - Cracker Barrel's results are under scrutiny following controversy over its now-abandoned logo change [5] Economic Context - The Federal Reserve cut interest rates by 25 basis points, marking the first reduction of the year, with the Dow Jones Industrial Average rising by 0.5%, while the S&P 500 and Nasdaq Composite fell by 0.1% and 0.3% respectively [1] - Fed Chair Jerome Powell described the rate cut as a "risk management cut" due to a deteriorating labor market amidst high inflation, with indications of two more rate cuts expected this year [2] - Concerns over the Federal Reserve's independence are growing, particularly with President Trump's influence over policymakers, highlighted by the dissent from newly confirmed Fed governor Stephen Miran who advocated for a 50 basis point cut [3]