Large-cap corporate moves and M&A
Apollo (APO) completed its acquisition of Bridge Investment Group, expanding real‑estate capabilities and adding scale to its alternatives platform — a consolidation that will influence asset‑management M&A comps and fee pools.
Air Lease Corporation (AL) accepted a merger agreement with Sumitomo, SMBC Aviation Capital, Apollo and Brookfield, with filings confirming a 100% cash take‑private proposal — a bid that could set valuation references for aircraft lessors and tighten liquidity for peer acquirers.
SL Green (SLG) announced the acquisition of 346 Madison Avenue, a trophy Manhattan asset that bolsters its core Manhattan portfolio and may affect local office valuation benchmarks and leasing dynamics.
The Kraft Heinz Company (KHC) unveiled plans to split into two scaled, focused companies, a strategic move aimed at sharpening growth strategies and unlocking value across distinct consumer franchises.
Capital markets, debt deals and equity raises
DuPont (DD) launched exchange offers and consent solicitations for senior notes, a material liability-management step that can reshuffle its debt maturities and influence cash interest costs — investors will watch participation and any consent fee that sets a refinancing tone.
Kodiak Gas Services (KGS) priced $1.2 billion of senior unsecured notes, a sizable financing that alters its maturity profile and will be watched for implications on leverage and midstream project funding.
Lumentum (LITE) announced a $1.1 billion convertible notes offering, a large capital raise that could fund growth while creating potential future dilution depending on conversion behavior.
Hamilton Lane (HLNE) launched a public offering of Class A common stock, signaling liquidity moves from an alternative‑asset manager amid ongoing flows into private markets strategies.
Impinj (PI) proposed a private offering of $150 million of convertible senior notes due 2029, and Lyft (LYFT) unveiled a $450 million convertible note sale — both examples of tech firms using hybrid capital to balance growth financing and shareholder dilution risks.
Earnings, financial moves and capital allocation
Zscaler (ZS) reported fourth‑quarter and fiscal 2025 results; investors will parse subscription growth, billings trends and margin leverage as demand for cloud security remains a key growth driver.
HealthEquity (HQY) reported second‑quarter results for the period ended July 31, 2025; membership trends and fee revenue mix will inform its market outlook amid healthcare‑savings dynamics.
BellRing Brands (BRBR) authorized a $400 million share repurchase program, a capital‑return move that can support per‑share metrics if executed consistently.
Energy, oil & midstream transactions
Diamondback Energy (FANG) disclosed the sale of its equity interest in Epic Crude Holdings while Plains (PAA) agreed to acquire a 55% interest in EPIC Crude Holdings, reshaping crude logistics ownership and midstream throughput dynamics.
Targa Resources (TRGP) launched a non‑binding open season for a Delaware Basin gas pipeline, signaling demand for extra takeaway capacity that will affect basis and volumes.
Dorchester Minerals, L.P. (DMLP) announced an acquisition of mineral interests, a deal that modestly expands its royalty footprint and cash‑flow base — the move highlights ongoing consolidation among mineral‑owner pools.
Energy transition, batteries and mining
Ormat (ORA) commenced commercial operation of the Lower Rio energy storage facility delivering 60MW/120MWh, a utility‑scale storage example that supports renewables integration and capacity value.
Amprius (AMPX) was selected by Nordic Wing to increase drone flight endurance, a partnership that highlights battery makers' pathway into aerospace and defense power solutions.
Hycroft (HYMC) announced a US$60 million at‑market private placement, a financing that may be material for a junior miner managing capital intensity in the current metals cycle.
New Found Gold (NFGC) released Phase III metallurgical test results confirming Keats West zone gold recovery and filed a technical report for the Queensway project — data that can de‑risk metallurgy and influence resource economics for juniors in the camp.
Biotech and medtech: pivotal wins and regulatory progress
Merck (MRK) said its oral PCSK9 candidate met all primary and key secondary endpoints in the CORALreef trial — data that could reshape cholesterol treatment options pending regulatory review.
Medtronic (MDT) won FDA clearance for the MiniMed™ 780G System to integrate with Abbott’s Instinct sensor and approved use in type 2 diabetes, broadening device interoperability and market reach.
Cognition Therapeutics (CGTX) closed a $30 million registered direct offering to support Phase 3 development of zervimesine (CT1812), shoring up near‑term program financing.
Technology, cybersecurity, quantum and telecoms
Varonis (VRNS) acquired SlashNext to strengthen AI‑driven email threat detection — a tuck‑in that bolsters defenses against increasingly automated phishing and credential threats.
Rigetti (RGTI) signed an MOU with India’s Centre for Development of Advanced Computing to explore hybrid quantum systems co‑development, underscoring international steps toward commercialization.
Rackspace Technology (RXT) named Gajen Kandiah CEO, a leadership change investors will watch for strategic shifts as the company navigates cloud services competition and margin expansion.
Motorola Solutions (MSI) scored a U.S. federal court finding that Hytera continues to use stolen trade secrets, a legal win that could shape competitive dynamics and potential damages in radio‑communications markets — court details.
Financial services, insurance and regulatory notices
Beacon Financial (BBT) completed the merger of equals between Berkshire Hills Bancorp and Brookline Bancorp, creating scale and reshaping regional banking footprints and deposit mixes.
Hamilton Lane (HLNE)'s offering (above) and Pathward Financial (CASH) receiving a notice of deficiency from Nasdaq over a late 10‑Q filing show the dual pressures of capital access and compliance in financial services — both items that can move investor sentiment on governance and liquidity.
Penn‑America Underwriters (GBLI) acquired Sayata, an AI‑enabled digital distribution marketplace for commercial insurance, highlighting insurtech's role in distribution and risk selection.
Skyward Specialty Insurance Group (SKWD) agreed to acquire Apollo Group Holdings Limited, a niche consolidation that amplifies Skyward’s “rule our niche” strategy and could lift underwriting scale in specialized commercial lines.
Enlightify Inc. (ENFY) received a continued listing standards notice from the NYSE, a regulatory flag that investors watch closely because unresolved non‑compliance can lead to delisting risk and liquidity pressure.
Selected mining, exploration and resource updates
Fury Gold Mines (FURY) published a PEA for Eau Claire with a base‑case after‑tax NPV(5%) $554M and IRR 41%, metrics that could draw investor interest in the junior gold cohort.
Dolly Varden Silver (DVS) announced high‑grade intercepts including 1,422 g/t Ag over 21.7 m, drill results that can materially shift project economics if followed by resource expansion.
Operational shifts, divestitures and leadership
Nordson MEDICAL (NDSN) completed the divestiture of select contract manufacturing products, narrowing focus onto proprietary medical components — a move that can improve margin profile and R&D alignment.
Mattel (MAT) announced a new brand organization and promoted Roberto Stanichi to EVP and Chief Global Brand Officer, reflecting a marketing consolidation aimed at reinvigorating core IP monetization.
AeroVironment (AVAV) struck a marketing partnership with the Washington Commanders, an athlete‑brand tie that may modestly boost visibility for its commercial drone and tactical solutions as it pursues broader awareness.
Other notable corporate and product developments
- Amgen (AMGN) is investing more than half a billion dollars in a new center for science and innovation at its U.S. global headquarters.
- Blackstone (BX) reported that Blackstone Strategic Partners closed a $5.5 billion infrastructure secondaries fund, reinforcing institutional demand for yield and stable cash flows.
This briefing will continue to fold in or trim items so the focus stays on market‑moving results, strategic M&A, major financings and regulatory milestones that matter to investors.
