MIC

People Inc. (PPLI.US) abruptly withdrew its MGM Resorts acquisition bid in late September, only to face counter-suitors as MGM reportedly explores a reverse takeover. The pivot triggered an 11% single-day surge, underscoring volatile sentiment toward niche media conglomerates.

5E Advanced Materials (FEAM.US) closed its $22.9 million acquisition of Searles Valley Minerals, transitioning from pre-revenue developer to operational boron producer. Analysts at H.C. Wainwright promptly raised target price to USD 6.75, citing near-term EBITDA inflection.

Taoping (TAOP.US) secured $5.5 million in smart elevator orders while racing against Nasdaq’s six-month compliance clock. Its shares plunged 16% post-delisting notice despite platform expansion to 10,000 elevators.

Valens Semiconductor (VLN.US) partnered with ON Semiconductor on MIPI A-PHY camera solutions, yet shares slid 9.4% weekly as automotive segment revenue dipped. Amneal Pharmaceuticals (AMRX.US) prepares Q3 results with two newly FDA-approved biosimilars poised for 2026 launches.

Biglari Holdings (BH.US) reported 13.8% same-store sales growth at Steak n Shake, though insider selling by Sardar Biglari continues. Encore Energy (EU.US) logged sequential revenue declines amid volatile resource pricing. Macquarie Infrastructure, Sonnet BioTherapeutics CVR and Aadi Bioscience showed no material updates.