Latest Corporate News
Supreme Court Voids Trump's IEEPA Tariffs, President Announces New 10% Global Tariff
The U.S. Supreme Court ruled that President Trump overstepped his authority by invoking emergency powers to impose tariffs, striking down his IEEPA-based levies. In response, Trump announced a new 10% global tariff under the Trade Act of 1974, while Treasury Secretary Bessent signaled a pivot to Section 232 and Section 301 authorities.
Markets rallied following the announcement, with the S&P 500 rising 0.69% to 6,909.51.
U.S. GDP Growth Halves to 1.4% as Government Shutdown Impacts Economy
U.S. GDP growth missed expectations at just 1.4%, significantly hampered by the effects of a government shutdown. Core PCE inflation climbed to 3.0%, surpassing forecasts and raising concerns about price pressures in the economy.
Exact Sciences Stockholders Approve Abbott Acquisition
Stockholders of Exact Sciences Corporation voted to approve the company's acquisition by Abbott, with preliminary results showing more than 99% of votes cast in favor. Exact Sciences is a leading provider of cancer screening and diagnostic tests, and the acquisition represents a significant transaction in the healthcare sector.
Proofpoint Launches Enhanced Partner Program Focused on Deal Protection and Profitability
Cybersecurity firm Proofpoint topped this week's list of winning companies by launching a major upgrade of its channel program with emphasis on partner profitability and deal protection. The initiative reflects a broader trend among tech companies to strengthen relationships with solution providers and resellers.
Ryerson Completes Merger with Olympic Steel to Create Second-Largest North American Metals Service Center
Ryerson Holding Corporation completed its merger with Olympic Steel on February 13, enhancing Ryerson's position as the second-largest North American metals service center. Under the deal structure, Ryerson issued 1.7105 shares for every Olympic Steel share, with former Olympic Steel shareholders holding approximately 37% of the combined entity.
Net at Work Accelerates Growth Through OnPar Technologies Acquisition
Solution provider and MSP Net at Work acquired OnPar Technologies, a North Carolina-based MSP with clients across 35 states, strengthening its national managed services footprint. The acquisition expands the company's industry-specific solutions portfolio across manufacturing, wholesale distribution, construction, nonprofit and healthcare sectors.
Evergreen Sets Ambitious M&A Goals with Plan for 30-40 Acquisitions in 2026
MSP holding company Evergreen announced a goal of completing 30 to 40 M&A deals in 2026 following a record-breaking 2025 that included 16 acquisitions and surpassing $1 billion in annual revenue. The company's decentralized buy-and-hold strategy allows acquired companies to retain their brands, leadership and community presence.
Palo Alto Networks Advances AI Security With Strategic Acquisition
Palo Alto Networks made this week's list of winning companies for a strategic acquisition focused on agentic AI security. The move reflects the cybersecurity industry's growing emphasis on artificial intelligence-driven defense capabilities.
Capitolis Acquires 20 Gates Management's U.S. Secured Financing Platform
Financial technology company Capitolis signed an agreement to acquire 20 Gates Management's U.S. Secured Financing Platform, with the deal expected to close in coming weeks. The acquisition enables Capitolis to expand its Capital Marketplace, broaden its client base, and add veteran industry talent.
India's Manufacturing PMI Surges to 57.5, Signaling Accelerating Factory Activity
India's manufacturing PMI jumped to 57.5 in February from 55.4, with services PMI holding near-record levels at 58.4, underscoring India's position as the fastest-growing major economy. The strong readings reflect robust domestic demand offsetting external headwinds, though infrastructure output growth moderated to 4.0% year-over-year.
Eurozone Manufacturing Returns to Expansion for First Time Since Mid-2022
Eurozone manufacturing PMI came in at 50.8 in February, beating expectations and signaling a return to expansion territory for the first time since mid-2022. Germany's manufacturing PMI also exceeded forecasts at 50.7, indicating broad-based improvement across the region.