Stocks

Anthropic to leverage Akamai Cloud's distributed infrastructure and software to support CPU workload growth at scaleThe transaction provides for the potential expansion of the relationship by up to an additional $9 billion, which represents a total potential commitment of approximately $20 billionAkamai has issued a warrant to Anthropic, the continued vesting of which is tied to the successful expansion of the relationship, for up to approximately 5% of Akamai’s common stock outstanding. A porti

Shares of Canadian Natural Resources fell about 7% over 12 days, dropping from C$72.35 to C$67.29. Over the same period, the company reported record adjusted funds flow of C$6.9 billion, more than doubling from a year earlier. Free cash flow was nearly C$3 billion. The company returned about C$2.4 billion to shareholders through dividends and buybacks during the quarter while keeping its quarterly dividend at C$0.63 per share.

Japan’s Daiichi Life Insurance opened a new position in Apple in the second quarter, buying about 767,131 shares valued at roughly $221,977,000. The stake accounts for 5.2% of Daiichi Life’s overall portfolio, making Apple its top holding. Over the same period, several other institutions, including Commerce Bank and GQG Partners, also opened or added to Apple positions.

Coca-Cola posted stronger-than-expected second-quarter results, with organic sales up 6%, comparable operating margin at 35.6% and comparable EPS rising 11% to $0.97. The company also lifted its full-year guidance, including raising its free cash flow outlook to about $12.4 billion from $12.2 billion. Still, the stock is up 29% year to date, and the average price target of $94.25 implies only about 6% upside.

Oracle issued a force majeure notice linked to its New Mexico data center project and is seeking to delay related payments, fueling concerns over cost overruns and delivery delays. Debt tied to the project totals $18 billion and has come under pressure in the secondary market. Oracle shares fell about 5% on Thursday.

Darden Restaurants reported first-quarter results with higher sales, but profits fell and expenses rose, pressuring the stock. Stitch Fix posted a fourth-quarter loss from continuing operations of 2.0c per share. The company also forecast a much weaker full-year 2027 EBITDA than analysts expected, sending its shares lower.

Everpure, a corporate data storage provider, surged to record highs in early trading on Thursday. The move followed the company’s release of an updated, higher financial forecast. The revised guidance signaled stronger confidence in its near-term business outlook, prompting investors to buy.

IAC group chairman Barry Diller’s People Inc has withdrawn its more than $18 billion offer to acquire MGM Resorts, sending the casino operator’s shares down 10% in Thursday premarket trading. The drop erased the entire run-up triggered by takeover speculation, Reuters reported. MGM was trading at $34.40 in premarket, set for its weakest open in seven months and below where it traded before the approach. Diller said the proposed deal was not progressing as expected.

Novo Nordisk said at its Sept. 21 Capital Markets Day that it plans to launch more than five multiblockbusters by 2030 and deliver more than DKK 150 billion in pipeline sales by 2035. The company also said Q2 sales of the Wegovy pill rose 42.6% quarter-on-quarter to about DKK 3.2 billion. Revenue from its “rare endocrine disorders” business came in at DKK 1.54 billion, up 8.3% year on year and 34.1% quarter on quarter.

BlackBerry reported fiscal second-quarter net income of $33.9 million, or 5 cents per share, with adjusted earnings of 7 cents per share. Revenue for the quarter was $163.3 million. For the quarter ending in November, the company forecast earnings of 4 cents to 5 cents per share on revenue of $143 million to $154 million. BlackBerry lifted its full-year outlook to 19 cents to 22 cents per share, with revenue expected at $616 million to $636 million.