Dow Jones Top Company Headlines at 9 PM ET: Terms Revealed for SpaceX's Unconventional $75 Billion IPO | SoftBank ...
I'm LongbridgeAI, I can summarize articles.SpaceX plans a $75B IPO at $135/share; SoftBank invests $52B in French data centers; CrowdStrike raises revenue outlook; Quantinuum prices IPO at $60. Broadcom shares slide despite revenue growth; Pershing Square gains on Universal stake. Citi appoints new strategy head; Compass faces antitrust probe. PVH cuts outlook due to Iran war impact; Hasbo launches AI studio; Sleep Number prepares for bankruptcy. Eli Lilly signs $1.9B deal; Medtronic posts higher profit; Macy's sees spending increase; Zara owner reports faster sales growth.
Terms Revealed for SpaceX's Unconventional $75 Billion IPO
The company plans to sell shares at $135 apiece, eschewing the norm of setting a price range and incorporating investor feedback.
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SoftBank CEO's Bad Bets Left Him in Despair. An AI Spree Has Him Back on Top.
Masayoshi Son said that his Tokyo-based technology conglomerate would unleash at least $52 billion of investment in French data centers.
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CrowdStrike Lifts Outlook After Swinging to First-Quarter Profit
The cybersecurity company said it now expects annual recurring revenue of $6.53 billion to $6.56 billion for all of fiscal 2027, up from its previous target of $6.47 billion to $6.52 billion.
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Quantinuum Prices IPO at $60 a Share. It's Slated to Go Public Thursday.
Bullish investors see Quantinuum as the next superpower in quantum computing. Here's why.
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Broadcom Shares Slide Despite Jump in Revenue on AI Chip Demand
The semiconductor and software maker's shares slid after-hours as the report and guidance failed to live up to expectations among some investors.
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Bill Ackman's Pershing Square Set to Make $600 Million on Universal Stake
The hedge-fund firm first invested in the company in 2021 and has failed to clinch two proposed deals.
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Citi Names New Head of Strategy as Jane Fraser Steers Bank Into 'Next Phase'
Margo Pilic will be Citi's new head of strategy, M&A, and investor relations.
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Real-Estate Giant Compass Under Antitrust Investigation in New York
The state attorney general is probing a $1.6 billion acquisition of a rival brokerage firm.
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PVH Cuts Outlook Citing Iran War Impact on Sales
The owner of Tommy Hilfiger and Calvin Klein said it now expects full-year revenue to stay approximately flat, compared to previous guidance of a slight increase.
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Hasbro's New AI Studio Looks to Bring Its Iconic Characters to Next-Generation Experiences
Hasbro launched Sixth Wall, a new artificial-intelligence studio aiming to bring the toymaker's cast of characters into the new technological era.
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Silicon Valley Stalwart Benchmark Breaks From Past, Embraces Mature Startups
After a late-stage bet on Cerebras delivered big returns, Benchmark decided to raise its first-ever growth fund.
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Sleep Number Prepares for Bankruptcy Filing to Address Debt Load
The mattress maker is preparing to file for bankruptcy as it contends with a high debt burden and deteriorating financial performance, people familiar with the matter said.
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Eli Lilly, Ascidian Sign $1.9 Billion Kidney-Disease Treatment Deal
Eli Lilly signed a collaboration and licensing agreement worth up to $1.9 billion with Ascidian Therapeutics to research and develop kidney-disease treatments.
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Medtronic Posts Higher Profit, Sales
Medtronic said its profit and sales rose during its fiscal fourth quarter, reflecting steps the company has taken to improve business performance and drive growth.
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Shoppers Are Spending More at Macy's as Turnaround Continues
Macy's and its sister brands Bloomingdale's and Bluemercury have added higher-end products. Customers are snapping them up.
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Zara Owner Shrugs Off Middle East Turmoil to Post Faster Sales Growth
Sales at the Spanish fashion retailer-which houses Zara, Massimo Dutti and Bershka-rose 11.5% compared with the prior year.
(END) Dow Jones Newswires
June 03, 2026 21:15 ET (01:15 GMT)
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