Latest Corporate News
U.S. Stock Markets Closed for Presidents' Day
U.S. stock markets including S&P 500, Nasdaq, Dow Jones, and NYSE are closed on February 16, 2026, due to the Presidents' Day federal holiday. No normal trading occurs on Wall Street today.
Recent sessions showed AI worries impacting tech and freight stocks, with some rebounds like AppLovin up 6.4%.
Warner Bros. Discovery Faces Bidding War for Acquisition
Netflix leads with a $82.7 billion offer for Warner Bros. Discovery’s streaming and studios, assuming $10 billion debt. Paramount Skydance countered with a $108.4 billion bid including incentives like a ticking fee.
An investor vote on the Netflix deal is set by April 2026.
ByteDance in Talks to Sell Gaming Division for $6-7 Billion
ByteDance is negotiating to sell Shanghai Muti Technology to Saudi Arabia's Savvy Games Group at a $6-7 billion valuation. The deal includes games like Mobile Legends: Bang Bang and No Man's Land.
This marks a contraction in ByteDance's gaming business after acquiring it for $4 billion in 2021.
Bank of America Predicts M&A Revival in 2026
M&A activity is expected to accelerate due to regulatory changes, stable rates, and pent-up demand. Sectors like banking, biotech, and media will benefit from an M&A super cycle.
Morgan Stanley and Goldman Sachs are top picks to gain from increased deal-making.
Earthworks Acquires Intellectual Protocol for Minerals Recovery
Earthworks Industries announced the acquisition of Intellectual Protocol and appointed Chad McMillan as strategic advisor on February 13, 2026. The deal enhances minerals recovery systems.
This is part of recent corporate takeover activities.
Blue Moon Metals Closes Acquisition of Springer Tungsten Mine
Blue Moon Metals completed its acquisition of the Springer Tungsten and Critical Metals Mine in Nevada on February 10, 2026. The move aligns with U.S. initiatives under Section 232 of the Trade Expansion Act.
It bolsters critical metals processing capabilities.
fdp Private Wealth Acquires Majority in MultiD
fdp Private Wealth Management acquired a majority interest in MultiD on February 10, 2026. The deal offers an integrated medical-finance solution for Quebec physicians.
It represents a key milestone in their expansion.
Storecove Secures 30% of Dutch Peppol Market
Storecove achieved an estimated 30% share of the Dutch Peppol market as of February 16, 2026. This reflects their long-term investment strategy in the Netherlands.
It underscores international growth in e-invoicing.
China Markets Closed for Extended Spring Festival Holiday
Shanghai and Shenzhen Stock Exchanges are closed from February 16 to 23, 2026, for Lunar New Year. Hong Kong has half-day trading on February 16, closed February 17-19.
Expect thin liquidity and heightened sensitivity to China news.
AI Volatility Hits U.S. Tech and Freight Stocks
Investors' AI disruption fears caused sharp drops in software and trucking stocks like AppLovin and C.H. Robinson, with partial recoveries. Applied Materials rose 8.1% on strong AI-related profits.
Nvidia weighed on the S&P 500, falling 2.2%.
Norwegian Cruise Line Replaces CEO Amid Market Pressure
Norwegian Cruise Line Holdings replaced CEO Harry Sommer with John Chidsey, former Subway CEO, effective immediately. Shares fell 7.6% following the announcement.
The change comes weeks before quarterly results.
DraftKings Shares Drop Despite Profit Beat
DraftKings reported stronger-than-expected quarterly profit but shares dropped 13.5% on weak revenue forecast. This reflects investor caution in gaming sector.
The company operates in online sports betting.