jetcityimage/iStock Editorial by way of Getty Photographs
Hear under or on the go by way of Apple Podcasts and Spotify
Activist investor Elliott takes over $1 billion stake in lululemon (LULU) – report. (00:26) Micron (MU) forecasts $100B HBM market by 2028 as provide tightness persists by way of 2026. (01:28) Hedge fund in talks to doubtlessly purchase Warner Bros. (WBD) TV belongings, together with CNN – report. (02:16)
That is an abridged transcript.
Elliott Funding Administration has taken a stake in lululemon Athletica (LULU).
The activist investor has bagged a stake exceeding $1 billion, positioning it as one of many firm’s largest shareholders.
The Wall Road Journal reported, citing folks conversant in the matter that Elliott is lining up potential CEO candidates.
The report mentioned Elliott is pushing for management adjustments together with proposing Jane Nielsen—a former CFO and COO at Ralph Lauren—as a possible new CEO.
Nielsen mentioned in a press release to WSJ. “I might welcome the prospect to debate this chance with the Lululemon board.”
This transfer follows the present CEO’s deliberate exit in January 2026, amid criticism over product execution, market share losses to rivals like Alo Yoga, and a 60% drop in share worth from its peak.
lululemon’s market worth stands round $25 billion. Premarket LULU is up 4%.
Micron Expertise is up 10% in premarket motion.
Shares rose after the reminiscence maker reported fiscal first-quarter outcomes and steering that have been nicely above Wall Road’s forecast.
Waiting for the second quarter, Micron mentioned it expects to earn between $8.22 and $8.62 per share on an adjusted foundation, whereas income is anticipated to be between $18.3B and $19.1B.
Analysts had anticipated the corporate to earn an adjusted $4.78 per share on $14.3B in income. The corporate additionally forecasts a $100B HBM market by 2028 as provide tightness persists by way of 2026.
The founding father of Customary Common has been in talks over doubtlessly shopping for or investing in Warner Bros. Discovery’s (WBD) tv networks.
The Monetary Instances reported citing folks briefed on the matter that Soo Kim has been approached by at the least one main Warner Bros. (WBD) shareholder to accumulate all or a part of the cable TV belongings, together with CNN.
The report famous that the shareholder who approached the hedge fund founder couldn’t be instantly recognized.
Warner Bros. (WBD) has acquired competing affords from Netflix (NFLX) and Paramount Skydance (PSKY). WBD’s board informed its shareholders to reject Paramount’s hostile bid, and maintained that Netflix’s provide is superior.
Netflix’s (NFLX) bid is for Warner Bros.’ (WBD) studio and streaming enterprise, whereas Paramount (PSKY) desires to purchase all of WBD, together with CNN.
What’s Trending on In search of Alpha
U.S. approves $11.1 billion arms gross sales to Taiwan
Home passes Republican healthcare invoice with out extending ACA subsidies
Instacart inventory falls on report of FTC probe over AI pricing device
Dow, S&P and Nasdaq futures are within the inexperienced. Crude oil is up 0.2% at $56/barrel. Bitcoin is up 1.3% at $87,000. Gold is down 0.3% at $4,324.
The FTSE 100 is up 0.2% and the DAX is up 0.5%.
The largest movers for the day premarket: Imaginative and prescient Marine Applied sciences (VMAR) -32% – Inventory tumbled after the corporate introduced the pricing of a 32M unit public providing, aiming for gross proceeds of $9.6 million.
On as we speak’s financial calendar:
