Bank of America increased Dell’s price target to $165, citing strong growth potential from AI demand, and also raised its FY26 revenue and earnings forecasts.
MEI Pharma intends to use the funds to acquire the native cryptocurrency of the Litecoin blockchain, commonly referred to as “LTC”, which will serve as the company’s primary treasury reserve asset.
According to a report by Bloomberg, the company has approached private credit firms and is exploring financing terms that would include a payment-in-kind (PIK) feature.
The jams and peanut butter maker recently issued a downbeat forecast for the current fiscal year, blaming headwinds from higher coffee costs and U.S. tariffs.
The company is expected to report second-quarter earnings per share of $7.09 on revenue of $11.06 billion, according to consensus estimates compiled by Fiscal.ai.
The company appointed Robert Calderoni to its board, formed a Strategy Committee, and entered a cooperation agreement with Elliott Investment to strengthen business strategy.
By integrating S&P Global’s data into Claude’s GenAI platform, finance professionals can gain instant access to verified financial insights, enabling them to analyze trends, credit ratings, and market capitalizations.
The data center, initially set to run on 100 MW of power and scalable up to 300 MW, marks one of the first large-scale AI-dedicated installations in the Mid-Atlantic region.
Meanwhile, a report said Apple’s manufacturing partner Foxconn had begun trial production in India for the iPhone 17 line, due to release around September.
The urgency shown by Zuckerberg comes after the company ceded the lead in open-source models to China’s DeepSeek, which unveiled its first model in January.
