Shares of Roku Inc (NASDAQ:ROKU) surged more than 8% Tuesday following a Jefferies note highlighting the revenue potential from the company’s upcoming Home Screen refresh.
Jefferies sees the refresh as a “widely cited catalyst” that could unlock meaningful incremental revenue, particularly through the introduction of biddable performance tiles, or auction-based ad units allowing content partners to bid for prominent Home Screen placement based on outcomes such as app opens or subscriptions.
Shares of Carvana Co. (NYSE:CVNA) jumped nearly 8% on Tuesday after Jefferies reiterated its bullish stance, pointing to stronger-than-expected retail unit growth and improving pricing trends early in the first quarter.
Jefferies maintained a “Buy” rating on the company with a $485 price target, implying roughly 67% upside from current levels.
Shake Shack (NYSE:SHAK) received an upgrade to “Neutral” from Jefferies on Tuesday, as the fast-casual burger chain’s marketing efforts, menu innovations, and supply chain improvements are expected to help offset macroeconomic headwinds.
Jefferies raised its price target on Shake Shack shares to $101 from $83.53, citing the company’s ability to sustain mid-teens US net unit growth and to control costs amid inflationary pressures.
Amazon.com Inc (NASDAQ:AMZN) and Delta Air Lines Inc (NYSE:DAL) have announced a new multi-year agreement aimed at enhancing in-flight internet connectivity for millions of airline passengers.
The deal will see Amazon’s low Earth orbit satellite network, known as Amazon Leo, deployed across a significant portion of Delta’s aircraft fleet beginning in 2028.
Biogen Inc (NASDAQ:BIIB, XETRA:IDP) will acquire Apellis Pharmaceuticals Inc (NASDAQ:APLS) for $41 per share in cash, in a deal valued at approximately $5.6 billion, it was announced on Tuesday.
Apellis shareholders will also receive a nontransferable contingent value right (CVR) worth up to $4 per share if certain global sales milestones for SYFOVRE are achieved.
CoreWeave (NASDAQ:CRWV) announced that it has closed an $8.5 billion delayed draw term loan facility, marking a first-of-its-kind investment-grade financing backed by GPU infrastructure.
Shares of CoreWeave, a provider of high-performance cloud infrastructure for AI, rose roughly 6% in early trading following the announcement.
Eli Lilly and Co (NYSE:LLY) said on Tuesday it will acquire Centessa Pharmaceuticals PLC (NASDAQ:CNTA) for $38 per share in cash, with a potential contingent value right worth up to $9 per share, valuing the deal at approximately $6.3 billion upfront and up to $7.8 billion including milestones.
The acquisition adds Centessa’s sleep-wake disorder pipeline, including its lead asset cleminorexton, to Lilly’s neuroscience business.
Nvidia Corp (NASDAQ:NVDA, XETRA:NVD) is investing $2 billion in Marvell Technology as part of a strategic partnership aimed at expanding its AI infrastructure ecosystem, the company announced on Tuesday.
The collaboration will connect Marvell to Nvidia’s AI factory and AI‑RAN ecosystem through Nvidia NVLink Fusion, a rack-scale platform for developing semi-custom AI compute environments.
Unilever PLC (LSE:ULVR) said on Tuesday it has agreed to combine its food business with McCormick & Company Inc (NYSE:MKC) in a $44.8 billion transaction, creating a global portfolio of iconic and high-growth food brands.
The combined business will include well-known labels such as McCormick, Knorr, and Hellmann’s, as well as faster-growing brands including Cholula, Maille, and Frank’s, generating an estimated $20 billion in revenues, Unilever said in a statement.
Progress Software (NASDAQ:PRGS) boosted its full-year 2026 outlook after reporting a strong first quarter, with revenue and earnings per share surpassing analyst expectations thanks to robust demand for AI-driven products and stable customer retention.
The company posted revenue of approximately $248 million for the quarter ended February 28, representing a 4% increase year-over-year and slightly above consensus estimates.
American Resources Corp (NASDAQ:AREC) announced a new strategic collaboration involving its affiliated minority holding, ReElement Technologies Corporation, and Mitsubishi Materials Corporation, aimed at strengthening rare earth and critical mineral supply chains across the United States and Japan.
The agreement includes a strategic investment by Mitsubishi Materials in ReElement, signaling support for the company’s refining-focused approach to processing rare earth elements and other critical minerals.
Immunic Inc (NASDAQ:IMUX, FRA:10VA) has announced the appointment of veteran biopharmaceutical executive Jon Congleton to its board of directors, as the company advances its multiple sclerosis program through late-stage development.
Congleton brings nearly four decades of experience in the biopharmaceutical industry, with a background spanning drug development, commercialization, and executive leadership, according to Immunic.
Galantas Gold Corp (AIM:GAL, TSX-V:GAL, OTCQX:GALKF) shares fell 9.4% to 32.6p after it updated investors on its planned acquisition of the Andacollo Oro gold project in Chile, with the deal still subject to approvals.
The gold miner said it is working to satisfy closing conditions for the transaction, including sign-off from the TSX Venture Exchange and minority shareholder approval, with completion expected in the second quarter of 2026.
Touchstone Exploration Inc (AIM:TXP, TSX:TXP, OTC:PBEGF) shares dropped 14% to 9.5p after the TSX and LSE-listed oil and gas producer disclosed material uncertainties over its ability to continue as a going concern, with the company projecting a potential breach of banking covenants by the end of 2026.
The Trinidad-focused company said it could breach net senior funded debt and debt service coverage covenants as of 31 December this year, which could render its bank debt immediately repayable, while a working capital deficit of $15.4 million at the year end leaves limited headroom.