Stock Market News for September 29, 2026

At a glance

On September 29, 2026, Novo Nordisk agreed to license Hengrui Pharma’s oral GLP-1/GIP candidate in a deal worth up to $2.6 billion; Snowflake priced an upsized $3.75 billion private placement of 0.00% convertible senior notes; Carnival reported $1.9 billion in third-quarter 2026 net income; uniQure reported Phase I/II data showing an 80% slowing on a composite Huntington’s scale at 36 months.

Drug trials and licensing

uniQure (QURE) reported additional Phase I/II results showing at 36 months 15 high-dose Huntington’s patients had 80% slowing on the composite Unified Huntington’s Disease Rating Scale versus matched external controls (nominal p=0.005), with 48-month data showing 44% slowing on the prespecified primary cUHDRS endpoint (p=0.144; not statistically significant).

Iovance Biotherapeutics (IOVA) raised full-year 2026 revenue guidance to $410 to $420 million, replacing prior guidance of $350 million to $370 million and citing U.S. demand for Amtagvi and Proleukin.

Financings and offerings

Snowflake (SNOW) priced an upsized private placement of zero-interest convertible senior notes totaling $3.75 billion, comprising $2.0 billion of 2029 notes and $1.75 billion of 2031 notes, with estimated net proceeds of approximately $3.70 billion and expected close on October 1, 2026.

Accelevation Holdings (ACCV) priced its initial public offering of 30,000,000 Class A common shares at $18.00 per share, with trading on the Nasdaq Global Select Market expected September 30, 2026.

QumulusAI (QMLS) signed take-or-pay AI inference contracts with two customers covering more than 2,000 NVIDIA Blackwell B300 GPUs and a combined contracted value of $240.9 million over three years, with capacity turnover expected December 2026 and early 2027.

NRR (NRR) launched the Bitwise NEAR ETF as the first U.S. spot NEAR fund, beginning trading September 29, 2026 on NYSE Arca with a 0.75% management fee.

Deals and divestitures

SoundThinking (SSTI) agreed to be acquired by Transom Capital Group in a tender offer paying $8.00 per share in cash plus one contingent value right for up to $3.00 per share tied to revenue, implying an upfront enterprise value of about $114 million.

1-800-FLOWERS.COM (FLWS) entered into a definitive agreement to sell PersonalizationMall.com® and Things Remembered® to PlanetArt® for approximately $45 million in cash, targeted to close within the coming weeks.

JELD-WEN Holding (JELD) signed a commitment and consent letter with lenders and noteholders to refinance near-term debt and raise $135 million of incremental liquidity while seeking to extend 2027 notes and 2028 term loans to 2031.

Earnings and guidance

Carnival (CCL) reported third-quarter 2026 results with $1.9 billion in net income, adjusted net income of $2.0 billion, diluted EPS of $1.40 and record revenue, and raised its full-year operating outlook.

CarMax (KMX) reported second-quarter fiscal 2027 results with $7.9 billion in revenue, up 19.5% year over year, and diluted EPS of $1.16, with retail used sales of 227,391 vehicles.

Product launches and technology

Cloudflare (NET) plans to become a public certificate authority and agreed to acquire trusted root CA key material from GlobalSign, aiming to issue traditional certificates and post-quantum Merkle Tree Certificates with GlobalSign key acquisition expected to close in the next two months.

MongoDB (MDB) made MongoDB 9.0 generally available and introduced Atlas Infinite in public preview, reporting up to 2x throughput versus MongoDB 8.0 on large instances and delivering 189% more throughput per dollar in internal tests.

MongoDB (MDB) launched Atlas Agent Engine in public preview to run AI agents in Atlas with consumption-based pricing that draws on customers’ existing Atlas commitments.

10x Genomics (TXG) began worldwide commercial shipments of its Atera spatial biology platform, exceeding its 2026 booking expectation with booked orders above the 40 instruments it expected to ship and projects across more than 100 customers.

Bitdeer Technologies Group (BTDR) secured customer commitments for more than 70% of its 21.7MW A201 Malaysia data center, expecting contracted revenue at the site to exceed $1.7 billion over five years and total revenue backlog of about $2.9 billion.

Corporate actions and leadership

Talen Energy (TLN) named Terry Nutt CEO effective January 1, 2027 and announced an accelerated share repurchase program totaling $1.5 billion, with increased remaining repurchase capacity of $3.0 billion through December 31, 2028.