Bitcoin (BTC) dipped by 3.2% yesterday, following news that a procedural vote on the Clarity Act in the U.S. Senate failed to meet the required threshold.
With 49 votes in favor, 11 less than the minimum established to move the bill to the main floor, the Clarity Act has now been shelved for what remains of the year.
Republicans made a few amendments to the bill in the past few days to entice Democrats, but apparently failed to ease their concerns regarding the ethical provisions they were demanding.
Most other cryptocurrencies experienced strong declines following the news, but seem to be starting to recover this morning.
Truth be told, the market had already priced in that the Clarity Act would not be passed this year. Odds in Polymarket have been collapsing for months, although they recovered to 30% last week ahead of this key vote.

#clarity #following #bill

Corn prices are back down 2 to 4 ½ cents on Tuesday morning. Futures posted gains of 1 ¼ to 3 ½ cents across the board on Monday. September futures expired up 1 ¾ cents at $5.12. Open interest was up 10,360 contracts on Monday suggesting new buying. There were 43 deliveries against September corn on the last trade day. The CmdtyView national average Cash Corn price was up 3 1/4 cents at $4.87.
The weekly Crop Progress report tallied 86% of the US corn crop dented as of September 13, with 42% listed as mature and harvest at 8% complete. Condition ratings were back up 1 percentage point this week at 57% in good to excellent condition, as the Brugler500 index held steady at 347.
Cattle Bulls Are Back in Business as Futures Prices Rise
Coffee Prices Rebound on Technical Short Covering
Coffee Prices Rise on Technical Short Covering

#prices #back #rise #technical

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Gold can act as a hedge against inflation, but it doesn't reliably rise whenever inflation does. Some investors use gold to help preserve purchasing power as prices rise, but inflation is only one of several factors that can influence gold prices.
If you've researched gold as an investment, you've probably come across financial experts ****** erting that gold is a hedge against inflation. Understanding what that actually means — and what it doesn't — can help put gold's role in an investment portfolio into perspective.
An inflation hedge is an investment or strategy intended to help offset the loss of purchasing power caused by rising prices.
As inflation rises, each dollar buys a little less than it did before. For example, imagine a cart of groceries that costs $100 today. If those same groceries cost $105 next year, your $100 no longer buys as much as it did before.

#inflation #Gold #doesn 't #power

On September 3, a caller asked whether to rotate out of artificial intelligence stocks and add to Eli Lilly and Company (NYSE:LLY) rather than chase Johnson & Johnson (NYSE:JNJ) or Cardinal Health (NYSE:CAH). Mad Money host Jim Cramer said:
Well, I'll tell you… I think it's always good to look at Lilly as a stock that I think has a lot of things that are going well, but I want to wait. Well, actually, you know, tell you the truth… It's pulled back. I think you're fine, I think you're fine to add some. I'm going to okay that. And I understand JNJ's moved a great deal. It's been a great club hit and Cardinal has been terrific, too. So, thank you for referencing those two really good ones.
Cramer was also asked to rank J&J, Lilly, and Pfizer Inc. (NYSE:PFE) by another caller. He said:
Okay, so let's take them. J&J is best of breed, AAA balance sheet, 18 drugs… You're not going to have any expiration problems, okay? Lilly has one huge drug that we know is going to be a franchise for many, many years. I do like a diversifying pattern more. And Pfizer's starting to creep up and is playing catch-up, but I need a reason to recommend it. So I'm going to say J&J and Lilly and then Pfizer.
The latest results largely explain the differences in Cramer's ranking. Eli Lilly and Company (NYSE:LLY) has the strongest growth profile by a wide margin. Second-quarter revenue jumped 48% to $23 billion, while reported EPS increased 26% to $7.94 and non-GAAP EPS rose 33% to $8.38. Mounjaro revenue rose 91% to $9.9 billion, while US Zepbound revenue increased 44% to $4.9 billion. The company also raised its 2026 revenue guidance to $85 billion-$87 billion.

#NYSE #billion #company #well

Houston, Texas-based Kinder Morgan, Inc. (KMI) is one of North America's largest energy infrastructure companies. The company has a market cap of $69.9 billion and operates a vast network of pipelines and terminals that transport and store essential energy products
Companies with a market cap of $10 billion or more are typically referred to as "big-cap stocks." KMI fits right into that category, with its market cap exceeding this threshold, reflecting its substantial size and influence in the oil and gas midstream industry.
Dear Nvidia Stock Fans, Mark Your Calendars for September 10
Rocket Lab Keeps Landing Defense Deals. Here's Why ******* ysts Aren't Getting More Bullish.
Why Stifel Just Revamped Its Price Target for Microsoft Stock

#billion #houston

For the first time in recent memory, the market doesn't have much of an idea of what the Federal Reserve will do with interest rates at its September meeting. We're less than two weeks away from the Fed's decision, and investors aren't sure whether to expect a rate hike for the first time since 2023 or if the Fed will hold rates steady.
According to the CME FedWatch tool, which monitors how the market is pricing future interest rate movements, there's roughly a 40% chance that rates won't move and a 60% chance of a rate hike. Roughly half of the voting committee favors a hike, and Chair Kevin Warsh didn't offer any forward guidance at Jackson Hole last week. In short, there is considerable uncertainty.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Image source: Getty Images.
Because of this uncertainty, many investors feel it's time to pump the brakes on investing or do something different with new money. But there are some investments that make sense for long-term investors regardless of what the stock market is doing, or how much economic uncertainty there is. One of them is the Vanguard S&P 500 ETF (NYSEMKT:VOO).

#time

The U.S. power grid is entering a period unlike any it has experienced in decades. Rapid electrification, domestic manufacturing, and the exponential growth of artificial intelligence are reshaping electricity demand. A recent report from Lawrence Berkeley National Laboratory, supported by the U.S. Department of Energy, projects that data centers alone could account for between 9.5% and 15.3% of total U.S. electricity consumption by 2030. More broadly, U.S. electricity demand is projected to grow by approximately 15% to 20% by 2035—roughly 80–110 GW of firm capacity—underscoring the scale of new generation that will be needed. Against this backdrop, executives across the utility, independent power producer, industrial, and technology sectors are making investment decisions that will shape the grid for decades.Safety is foundational to any nuclear project and is subject to rigorous review by the U.S. Nuclear Regulatory Commission (NRC). But the commercial and execution risks utilities must weigh extend well beyond safety: reactor design, constructability, supply chain readiness, licensing progress, workforce depth, operability, performance, and reliability.Advanced reactors are often discussed as a single technology class, yet the commercial and execution risks ******* ociated with individual designs differ substantially. As these technologies move toward commercial deployment, evaluating them requires a more comprehensive ******* sment of their technology, deployability, and commercial merits—and, importantly, the extent to which each design reduces or eliminates risk across multiple dimensions over the full project lifecycle. That ******* sment begins with three structural questions.
Capital efficiency is more than the magnitude of overnight capital cost (OCC). It encompasses how effectively capital is deployed and the capital intensity over time—especially before the commercial operation date (COD)—as well as post-COD costs: fuel, refueling outages, major projects and refurbishment, labor and other operations and maintenance (O&M) expenditures, and ultimately decommissioning. OCC offers only a partial view, since financing costs can account for a significant portion of total project cost. A smaller, simpler, faster-to-build design may achieve superior unit economics compared with higher-output designs that initially project a lower $/kW, once financing and schedule are considered. This amplifies the importance of long-lead materials, supply chain certainty and resilience, workforce and learning effects, and constructability in determining overall project cost and capital exposure.Utilities should also examine how fundamental reactor design choices affect both construction and lifecycle costs. Designs with high inherent safety that employ passive safety features—placing the plant into a safe condition through the natural laws of physics rather than relying primarily on active systems or operator intervention—can reduce reliance on multiple trai

Autodesk Inc. (NASDAQ:ADSK)'s core business is growing at a healthy pace, profitability is improving, and management is confident about the long-term outlook. These are some of the factors that prompted Berenberg to reiterate a Buy rating on the stock on September 1, even as it trimmed its price target to $333 from $335.
The positive stance signals the research firm's confidence in the company's outlook following an impressive second quarter. Revenues increased 16% year over year to $2.05 billion, while billings increased 10% to $1.85 billion. Revenue exceeded the high end of guidance, powered by strong gains in key areas of Architecture, Engineering, Construction & Operations (AECO).
Photo by AlphaTradeZone on Pexels
Profitability is increasingly becoming one of Autodesk's major strengths. The company's non-GAAP operating margin increased to 41%, while non-GAAP earnings per share came in at $3.30, comfortably above Wall Street expectations of $3.12.
Autodesk is also generating substantial free cash flow. Free cash flow increased 24% year over year to $561 million, illustrating the company's ability to convert its recurring revenue base into significant cash generation.

#increased

Charis Plakantonaki, Chief Strategy Officer of Star Bulk Carriers(NASDAQ:SBLK), reported a sale of 10,825 shares on Aug. 14, 2026, according to a SEC Form 4 filing.
Metric
Value
Shares sold (directly held)
10,825

#chief #carriers

Riverwater Partners, an investment management company, released its 'Small Cap Strategy' Q2 2026 investor letter. The letter can be downloaded here. The Small Cap Strategy underperformed the Russell 2000 in the second quarter as the benchmark experienced one of its strongest risk-on rallies in recent memory, although the strategy remained ahead year-to-date. The quarter was defined by accelerating AI investment, energy market disruptions, and renewed investor appetite for higher-beta stocks, creating headwinds for the firm's quality-focused approach and healthcare positioning. Despite this, stock selection contributed positively in energy, materials, and financials, while healthcare and consumer discretionary detracted due to the fund's disciplined avoidance of speculative businesses. Looking ahead, the firm remains cautiously optimistic, focusing on opportunities created by market dislocations, including AI infrastructure enablers, select consumer companies, healthcare innovators, and energy businesses trading below intrinsic value. The strategy continues to emphasize high-quality companies with strong management teams and attractive valuations, positioning the portfolio for a potential rotation away from speculative market leadership. In addition, please check the Strategy's top five holdings to know its best picks in 2026.
In its second-quarter 2026 investor letter, Riverwater Partners Small Cap Strategy highlighted Stevanato Group S.p.A. (NYSE:STVN) as a new holding. Stevanato Group S.p.A. (NYSE:STVN) is an Italian company that designs and distributes products and processes that offer integrated solutions for the biopharma and healthcare industries. On August 31, 2026, Stevanato Group S.p.A. (NYSE:STVN) closed at $21.03 per share. Stevanato Group S.p.A. (NYSE:STVN) gained 9.06% in the past month while its shares lost 5.39% over the past 52 weeks. Stevanato Group S.p.A. (NYSE:STVN) has a market capitalization of $5.85 billion and its stock has traded within a 52-week range of $12.89 to $28.00.
Riverwater Partners Small Cap Strategy stated the following regarding Stevanato Group S.p.A. (NYSE:STVN) in its Q2 2026 investor letter:
"In addition, we initiated positions in Stevanato Group S.p.A. (NYSE:STVN), a leading global provider of drug containment, drug delivery, and diagnostic solutions to the pharmaceutical, biotechnology, and life sciences industries. The stock sold off following the launch of oral GLP-1s, which many believe will end the need for injectable forms. Experts believe an expanding GLP-1 TAM, coupled with varying use cases, will necessitate ongoing need for injectable forms. Indeed, 25% of drugs approved in 2025 were biologics which will require injectable devices. This market overreaction offered an attractive entry valuation of 12.5x FY2026E EBITDA vs. STVN's historic multiple of 20X and its nearest comp West Pharmaceutical (WST) at approximately 22–25x."

#NYSE #strategy #market #riverwater

SoFi's app headline shows 3.80% APY, but a buried 0.70% boost expires after six months, reverting the rate to 3.10%.
On a $25,000 balance, the reversion costs $175 annually, making the real first-year blended yield 3.45%, not 3.80%.
Find the boost activation date in the SoFi app's promotions section. That date, not the promotion window, is what starts your six-month clock.
At the national average savings rate, $40,000 earns about $150 a year. In one of today's top-rated high-yield accounts, the same balance earns $1,200 or more. See the current best rates, side by side.
I recently moved $25,000 into SoFi's High Yield Savings Account. It's an excellent product, and a better place to park my cash than my normal bank which pays close to zero. But when logging in recently, Mmy SoFi app tells me two different things about the same $25,000. The account header reads 3.80% APY. Two screens deeper, the "Ways to earn" panel lists direct deposit at 3.10% and a $5,000-plus qualifying deposit at 3.10%. Both numbers are accurate. The 0.70% APY Boost between them is a promotion on a six-month clock, and nothing on the header screen says so.

#savings #rate #balance #year

JPMorgan Chase is easing its approach to loans secured against shares held by employees and early investors in recently listed companies, the Financial Times reported citing people familiar with the matter.
Under its usual policy, the US banking giant does not accept shares in a company that has been public for fewer than 135 days as collateral for lending.
But before ******* eX's IPO in June, the bank told its bankers it would be willing to lend against shares in Elon Musk's rocket and AI company earlier than that, the report said.
People inside JPMorgan told the FT they expect the bank could take a similar view if Anthropic, the company behind the Claude chatbot, goes public. No final decision has been taken, however.
JPMorgan earned $75m from its role on the ******* eX listing, the report said.

#told #report #chase

NurPhoto/Getty Images
German robotics startup Neura Robotics has announced its fifth acquisition in 16 months as it races to build a physical AI platform through acquisitions.
The company announced on Monday that it will take full ownership of Adlatus, a German maker of autonomous cleaning and sweeping robots for industry, logistics, healthcare and public ****** es.
Neura plans to add its own sensor and AI capabilities to Adlatus's fleet, which it will then fold into its shared physical AI infrastructure, the Neuraverse.
"We're not buying Adlatus just to add another cleaning robot to our portfolio," Neura CEO and founder David Reger said. "We want to give machines like this a new brain. Cleaning is a massive global labour market and, at the same time, a perfect example of what physical AI can transform. When a robot doesn't just navigate its environment but understands what it sees, senses, and needs to do, an entirely new generation of machines emerges."

#cleaning #robot #machines #nurphoto

Eagle Capital Management, an investment management company, released its second quarter 2026 investor letter. A copy of the letter can be downloaded here. In the quarter, Eagle Capital Management discussed how enthusiasm around AI capital spending has driven strong S&P 500 earnings growth while also increasing risks from elevated valuations, concentrated demand, and aggressive investment ****** umptions. Eagle remains a strong believer in AI but prefers constructing a portfolio that can perform across multiple outcomes rather than relying on one forecast. The firm believes current earnings can overstate underlying economics because semiconductor equipment is depreciated over several years, while free cash flow growth remains much weaker. It also expects competition and additional capacity across AI labs, hyperscalers, and semiconductors to eventually create winners and losers. These dynamics are encouraging Eagle to recycle capital toward attractive opportunities outside the most crowded AI trades while maintaining selective exposure to high quality beneficiaries. The portfolio trades at a 20% market discount with faster expected EPS growth. Please review the Strategy's top five holdings for key selections.
In its second-quarter 2026 investor letter, Eagle Capital Management highlighted Amazon.com, Inc. (NASDAQ:AMZN). Amazon.com, Inc. (NASDAQ:AMZN) is a multinational technology and retail company known for its leading online marketplace and cloud platform. On August 18, 2026, Amazon.com, Inc. (NASDAQ:AMZN) closed at $259.45 per share, reflecting a market capitalization of $2.8 trillion. Amazon.com, Inc. (NASDAQ:AMZN) posted a one‑month return of 5.96%, while its shares gained 15.92% over the past 52 weeks.
Eagle Capital Management stated the following regarding Amazon.com, Inc. (NASDAQ:AMZN) in its Q2 2026 investor letter:
"Amazon Web Services ("AWS"), Microsoft Azure, and Google Cloud Platform ("GCP") are highly profitable businesses with strong growth, margins, and returns on capital. We own positions in each. These businesses are growing faster and will be even bigger than we previously thought. However, there is little question that the industry structure they inhabit is worse than it was a few years ago.
Operating massive consumer platforms that aggregate demand for sellers and advertisers, Amazon.com, Inc. (NASDAQ:AMZN) has scale advantages, fast growth, and the ability to deploy AI to further press their leads. Amazon's retail business, Google Search and YouTube, and Meta are comparatively more mature, but they continue to grow at well above GDP rates with attractive margins. We believe AI is demonstrably helping Google Search and Meta's advertising business, both of which have accelerated as ad targeting and content capabilities have improved. Amazon and MercadoLibre should also benefit more than brick and mortar peers, which are unlikely to capture the same benefits from advertising, improvements in consumer search, or gains in wareh

Venmo and PayPal will no longer just be the apps you use when you owe your friend gas money or make an online purchase. The brands just announced that college students and their families will now be able to use these payment platforms to make tuition payments at select universities.
Bellarmine University, Butler University, Kansas State University, Michigan State University and Texas Tech University are some of the schools on board so far, and more are expected throughout the year.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake. Here's what it is and 3 simple steps to fix it ASAP
The tax breaks in Trump's 'big beautiful bill' expire after 2028. Here are 4 moves to make before the window closes

#venmo

Corn futures are trading with marginal midday losses of fractionally to 1 cent on Monday. The CmdtyView national average Cash Corn price is down a penny at $4.08 1/2.
USDA reported a private export sale of 105,000 MT of corn to unknown destinations this morning, all for 2026/27.
What Was Driving Markets Early Monday Morning?
Coffee Prices Turn Lower on Drier Brazil Weather
Live Cattle, Lean Hog Futures Fade as Overall Production Levels Lag

#cmdtyview

Tat Seng Packaging is making changes to its board with the appointment of Goi Kok Ming, also known as Wei Guoming, as an executive director.
The company has also named Tan Lye Heng Paul, currently an independent director, as lead independent director.
After the changes take effect, the board will consist of Goi Seng Hui as executive chairman, Goi Kok Ming as executive director, Tan Lye Heng Paul as non-executive and lead independent director, Kong WeiLi as non-executive and independent director, and Chen Zhen as non-executive and independent director.
There will be no changes to the nominating committee, remuneration committee, or audit and risk committee.
In his new role, Goi will oversee the group's business activities, resources and operations, and will also be involved in shaping and carrying out its strategies and business objectives.

#director #committee #ming #heng

Nebius Group (NASDAQ: NBIS) carries a market capitalization of about $48.6 billion. Over the past 12 months, the company collected $877.9 million in revenue.
Divide one by the other and the stock trades at roughly 55 times sales -- the sort of multiple usually attached to a software business. Nebius buys graphics processors by the billion and signs power contracts by the gigawatt.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
But the trailing figure in that fraction is doing something odd. In the first quarter, group revenue rose 684% year over year to $399 million. Revenue at the Nebius artificial intelligence (AI) cloud business alone rose 841% year over year to $390 million, up 82% from the previous quarter.
In other words, the past 12 months include periods when this company was a small fraction of its current size. The denominator describes a business that no longer exists. So what is the price actually ******* uming?

#nebius #year

What happened: Caterpillar (CAT) stock jumped as much as 10% before trimming gains on Tuesday.
What's behind the move: The heavy equipment maker reported second quarter sales and revenues increased 24% to $20.5 billion.
"This is the first time in company history that we have generated over $20 billion in sales and revenues in a single quarter," Caterpillar CEO Joe Creed said.
The results were powered by strong order rates and a growing backlog across all three of the company's primary segments.
Caterpillar's backlog rose to $72.1 billion, up 92% from the same time last year.

#revenues #tuesday

Interested in Pacer US Cash Cows 100 ETF? Here are five stocks we like better.
Investors weighed a Federal Reserve rate pause, four Magnificent Seven earnings reports, and U.S.-Iran tensions, all tied to inflation concerns, which fueled a rotation into defensive stocks.
Earnings from Microsoft, Amazon, Alphabet, and Meta highlighted that markets are rewarding companies delivering strong results and robust free cash flow amid heavy AI spending scrutiny.
MarketBeat contributors ******* yzed sectors ranging from chips and ******* e stocks to defense, healthcare, and telecom, identifying opportunities and risks ahead of upcoming earnings and the July jobs report.
Investors had many things to digest this week, including a continued pause in interest rates by the Federal Reserve, earnings reports from four of the Magnificent Seven companies, and the escalation of hostilities between the U.S. and Iran. The common denominator for all of these is inflation. There's no lack of opinions, but investors are getting anxious for solutions.

#federal #magnificent #Iran #cash

Our **** ysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.
Management attributes record results to a decade-long strategy of diversifying revenue streams to mute cyclicality, reducing reliance on any single funding source or customer cohort.
Performance was driven by broad-based organic growth across vacuum trucks and specialty equipment, complemented by the successful integration of the New Way and Mega acquisitions.
The Environmental Solutions Group (ESG) benefited from proactive price-cost management and the 'Build More Parts' initiative, which focuses on vertical integration of parts production.
Strategic diversification has resulted in a durable revenue profile where publicly funded mechanisms are spread across water taxes, refuse fees, and international budgets, with U.S. water taxes representing less than 15% of total sales.

#management #performance

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Figuring out when you can afford to retire often comes down to determining whether your ******* ets will produce enough annual income to support your lifestyle and spending needs.
With $500,000 in a Roth IRA and $2,000 in combined monthly Social Security and pension payments, you may be able to afford to retire at age 62. However, that will mean living on approximately $44,000 per year. Some retirees may be satisfied with this level of income, but it may not support you adequately if you plan to do a lot of traveling or live in a high-cost area.
Before making the decision to stop working at 62, you'll also need to develop a plan for paying for health insurance since you won't be eligible for Medicare until age 65.
If you need help deciding when to retire, connect with a financial advisor and have them build you an income plan based on your unique financial situation.

#afford

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Buying a home has become increasingly challenging, with mortgage rates (1) and home prices (2) both soaring in recent years. So it's no surprise that around 25% of young people (3) who actually managed to buy a home had help from their family with a down payment.
But what if your family doesn't just give you a down payment, but instead they sell you an entire home at a substantial discount?
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here's what it is and 3 simple steps to fix it ASAP
Millionaires under 43 hold only 25% of their wealth in stocks. Here's where their money is actually going

Shiv Verma, Chief Financial Officer of Robinhood Markets, Inc. (NASDAQ:HOOD), reported a sale of 3,982 shares of Class A Common Stock on July 15, 2026, according to a recent SEC Form 4 filing.
Metric
Value
Transaction value
~$457,000

Long-term contract rates businesses pay to move air freight are expected to rise 5% to 15% this year, instead of retreating, because the resumption of hostilities between Iran and the United States is once again reducing airline capacity through the critical Middle East corridor, freight ***** ytics firm Xeneta said in a market outlook published on Friday.
Xeneta's initial forecast at the start of the year was for contract rates to fall 5% to 10% in 2026.
Strong demand for semiconductors and AI-related hardware helped push air cargo demand to 7% year-over-year growth in June. AI technology represents about 10% of total air cargo volume. The June volume growth was well ahead of expectations and supply, which grew 3% with the return of capacity suspended by the Middle East disruption. The demand-supply imbalance pushed aircraft utilization up 3 points to 62%, which influenced the higher rates.
But market dynamics since Xeneta's monthly report on July 2 are quickly changing again after the United States and Iran broke a shaky ceasefire last week.
The start of the Iran war on Feb. 28 immediately forced more than 12% of global air cargo capacity — in passenger belly holds and freighter aircraft — out of service because of airspace and airport closures, flight cancellations and reduced frequencies, and longer transit times for rerouting to avoid war risk. Initial capacity reductions were close to 20%, according to consultancy Rotate.

Crinetics Pharmaceuticals Inc. (NASDAQ:CRNX) is one of the 10 affordable biotech stocks to buy right now.
On July 6, Crinetics Pharmaceuticals Inc. (NASDAQ:CRNX) and Vertex Pharmaceuticals announced that both companies have agreed to a definitive agreement, according to which Vertex will acquire Crinetics Pharmaceuticals. The deal is priced at $85 a share in cash consideration, effectively valuing the acquisition at around $10 billion or $8.8 billion after accounting for the cash.
Romaset/Shutterstock.com
The Boards of both companies approved the transaction unanimously, with completion projected for the third quarter of this year. Vertex plans to finance the acquisition through cash on hand and $4.5 billion in bridge financing from Bank of America and Morgan Stanley.
Following the announcement, Crinetics Pharmaceuticals Inc. (NASDAQ:CRNX) garnered a lot of attention from **** ysts, who shared mixed opinions and revised their models based on this acquisition. On July 7, Baird increased its target price on the stock from $62 to $85, leading to an adjusted upside of more than 102%. The firm reiterated an Outperform rating on the stock.

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In the billionaire ****** e race, Jeff Bezos is no longer flying solo.
His rocket company Blue Origin is taking outside funding for the first time in its quarter-century life, to the tune of $10 billion, DealBook reported last week. The Amazon founder himself is expected to contribute $2 billion, and ****** et manager Coatue Management is planning to hand over $4 billion. Another $4 billion is set to come from large institutional investors. The funding round finally gives Blue Origin a valuation: $130 billion.
Sign up for The Daily Upside at no cost for premium ****** ysis on all your favorite stocks.
READ ALSO: CEO Says Volkswagen May Double Layoffs to 100,000 Amid Sagging Profit and Diamond Giant De Beers to Shutter Largest Mine Under Mounting Pressure

Seagate Technology Holdings plc (NASDAQ:STX) is one of the best performing AI stocks over the last 3 years, with a 3Y CAGR of 151%. On July 1, Bank of America ***** yst Wamsi Mohan reiterated a Buy rating and raised his price target to $1,150 from $1,000. Mohan's thesis pointed to improving fundamentals, sustained cloud demand and greater discipline in adding hard-drive capacity. He also highlighted build-to-order contracts that support measured price increases, along with the transition to higher-capacity heat-assisted magnetic recording drives.
Carol Gauthier/Shutterstock.com
Those factors could improve revenue visibility, margins, and free cash flow if customer demand remains firm. The AI link is primarily storage economics: training and inference create large datasets that cloud operators must retain at scale, where high-capacity hard drives remain cost-effective. The principal risk is cyclical. Strong pricing can encourage future supply, while customers can pause purchases after capacity additions. The current ***** yst case rests on disciplined industry behavior and a durable data-center demand cycle, not demand alone.
Seagate Technology Holdings plc (NASDAQ:STX) develops mass-capacity data-storage products and systems, including hard disk drives and enterprise storage used by cloud, edge, consumer, and AI data-center customers.
While we acknowledge the risk and potential of STX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than STX and that has 10,000% upside potential, check out our report about the cheapest AI stock.