Flash News

TREE NEWS update: onsemi has amended the terms of its acquisition of Synaptics, switching to about $5.7 billion in cash from roughly $7 billion in stock consideration. The company will pay $123 per share and expects the deal to be immediately accretive to earnings while giving Synaptics shareholders “value certainty.” The merger is expected to close around mid-2027, subject to Synaptics investor approval and regulatory review.

TREE NEWS update: Nike said the revenue pressure from its supply chain actions is expected to persist through 2028. The company disclosed the timeline in a statement, indicating that the impact on its top line will extend over the coming years.

TREE NEWS update: Twilio will be added to the S&P 500 index, the communications API provider said, sending its shares up 2% in after-hours trading. The index inclusion places the company among the largest US-listed firms tracked by the benchmark.

TREE NEWS reports: At the close of trading in New York on Thursday, October 1, US equity index futures ended higher. S&P 500 futures rose 0.22%, Dow futures added 0.05%, and Nasdaq 100 futures gained 0.31%. Russell 2000 futures advanced 0.45%.

TREE NEWS update: Evernorth shareholders approved the company’s SPAC merger, clearing the way for a Nasdaq listing under the ticker XRPN. The company holds an XRP treasury worth roughly $710 million at current prices. Trading is expected to begin once the merger closes.

TREE NEWS update: Nike said its Pace operating-model transformation is expected to generate $2.5 billion in savings through fiscal 2031. Pace incorporates the company’s previous cost realignment and cost-structure restructuring program. The company expects to record roughly $1 billion in pre-tax charges tied to Pace through fiscal 2031.

TREE NEWS reports: US sector ETFs closed mostly higher on Thursday, October 1. The energy ETF rose 1.95%, while the semiconductor ETF, global tech index ETF and tech sector ETF gained as much as 1.45%. The global airlines ETF fell 0.46%, the healthcare ETF dropped 1.32% and the biotech index ETF slid 2.17%.

TREE NEWS reports: The United States Brent Oil Fund closed up 4.76% on Thursday, October 1, leading gains among US asset-class ETFs. The VIX long ETF rose 1.02% and the dollar bull ETF added 0.66%, while gold gained 0.5%. Russell 2000, 20+ Year Treasury, Nasdaq 100, investment-grade corporate bond, TIPS, S&P 500, emerging market and Dow ETFs each rose at least 0.01%.

TREE NEWS reports: Nike reported first-quarter revenue of $11.21 billion, below the $11.33 billion analysts expected, with Nike brand revenue at $10.95 billion versus $11.09 billion estimated. EPS came in at $0.48 against $0.49 a year earlier, Greater China EBIT was $248 million versus the $312.2 million estimate, and inventory stood at $7.8 billion. The company guided to high-single-digit percentage revenue growth in fiscal 2027, and NKE shares fell 5% in after-hours trading.

TREE NEWS reports: Authentic Brands Group has been discussing a takeover offer for Mattel that could value the toy company at more than $20 per share, sending the stock up as much as 36%. A Mattel spokesperson declined to comment, saying the company does not comment on market rumors or speculation. Authentic did not respond to an emailed request for comment.

TREE NEWS reports: Disney is planning a restructuring of its television business that would cut hundreds of jobs and consolidate several units, people familiar with the matter said. Senior executives are still finalizing details and the plan may not be completed by year-end. The move follows earlier cuts at marketing, Pixar, ABC News and ESPN, and Tuesday’s elimination of more than 300 roles, mostly in HR and IT.

TREE NEWS update: Shareholders approved Evernorth’s merger with Armada Acquisition Corp. II, clearing the way for the Ripple-backed firm to begin trading on Oct. 8 with a stash of roughly 473 million XRP. The deal creates what is described as the largest pure-play XRP treasury company.

TREE NEWS reports: Anthropic PBC is seeking to list as early as mid-November, with the formal IPO roadshow potentially starting the week of Nov 9, though the timetable could still shift and the company expects to complete the listing no later than year-end. Potential investors see a fair valuation range of $1.8 trillion to $2 trillion, and Anthropic expects to raise an amount matching or exceeding SpaceX’s IPO record.

TREE NEWS reports: Paramount Skydance’s bonds and loans fell in early Thursday trading after some investors unexpectedly received most or all of the debt they had bid for, leaving some asset managers overweight and rushing to cut exposure. Some investors withdrew at the last minute, particularly in the long-bond tranche. Traders complained to underwriters Bank of America and Citi as the selloff hit prices, echoing losses after SpaceX’s $25 billion bond sale in June.

TREE NEWS reports: Investors in Paramount Skydance’s $52 billion high-yield debt issuance were underwater by hundreds of millions of dollars within hours, with asset managers calling the Wall Street banks that underwrote the debt. The 8-year dollar bond, sold at par on Wednesday, traded Thursday at just 95 cents on the dollar, while the company’s loans and investment-grade bonds also weakened and the cost of insuring its debt against default rose to a 17-year high. Proceeds mainly fund the Warner Bros. Discovery acquisition.

TREE NEWS reports: The Nasdaq Golden Dragon China Index fell more than 1%, led by a 14.40% decline in TigerHu Technology. Tianshou Pharmaceuticals dropped 7.50%, MAAS lost 5.88% and Pony AI shed 4.76%. Chagee also declined 4.23%.

TREE NEWS reports: Scott Rubner, head of equity and equity derivatives strategy at Citadel Securities, said retail investors could pile back into US stocks this month after a sharp September cooldown. In a note to clients, Rubner wrote that while October may stay volatile, the earnings season and the resumption of corporate buybacks offer a better entry point for investors to rebuild exposure, with a cleaner starting point into the fourth quarter.

TREE NEWS reports: The KBW Bank Index fell as much as 2.4% on Thursday to its lowest intraday level since late May, with every component lower as investors weighed rising Treasury yields. Citigroup dropped as much as 4.6%, the most since July, leading the decline. The index is down about 14% from its mid-August peak and is up less than 2% year-to-date, trailing the S&P 500’s 11% gain.

TREE NEWS reports: New Tesla registrations in Portugal rose 128.3% year-on-year in September. For the first nine months of the year, cumulative Tesla registrations were up 59.4% from a year earlier. Registrations of new light battery-electric vehicles in Portugal climbed 87.4% year-on-year in September.

TREE NEWS reports: JPMorgan strategists including Dubravko Lakos-Bujas told clients to position for rising implied volatility ahead of the US midterm elections, warning the VIX could repeat its pre-election pattern or that other macro risks could intensify. In a client note, the team said it prefers buying VIX upside before the vote, noting that implied volatility remains low even as interest rates, fuel prices and AI-driven disruption hang over markets.