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Bankrupt 23andMe is headed for a second auction after former CEO Anne Wojcicki challenged the last one. She’s now leading a $305M opening bid—almost $50M higher than Regeneron’s winning offer from the first round. Both bidders have promised to follow 23andMe’s privacy rules. The company filed for bankruptcy in March.
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Bankrupt 23andMe is headed for a second auction after former CEO Anne Wojcicki challenged the last one. She’s now leading a $305M opening bid—almost $50M higher than Regeneron’s winning offer from the first round. Both bidders have promised to follow 23andMe’s privacy rules. The company filed for bankruptcy in March.
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Citi Lowers $ENPH PT to $43 from $47 - Sell/H
Analyst comments: "We received multiple questions regarding what is currently priced into residential solar, the potential for improvements to IRA provisions in the Senate, and Enphase’s valuation under various scenarios. We believe the deficit is unlikely to increase further, and commentary from senators indicates Medicaid is a higher priority.
If the bill is passed in its current form, historical context suggests U.S. residential solar installations could decline by approximately 75% next year. This would lead to large-scale business closures in the residential solar sector, a significantly slower pace of innovation due to reduced R&D budgets, and challenging restructurings within companies.
Assuming no changes to the bill, we estimate Enphase’s EBITDA could decline by about 60% next year, with the stock potentially trading in the high teens. Maintain Sell rating."
Analyst: Vikram Bagri
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Citi Lowers $ENPH PT to $43 from $47 - Sell/H
Analyst comments: "We received multiple questions regarding what is currently priced into residential solar, the potential for improvements to IRA provisions in the Senate, and Enphase’s valuation under various scenarios. We believe the deficit is unlikely to increase further, and commentary from senators indicates Medicaid is a higher priority.
If the bill is passed in its current form, historical context suggests U.S. residential solar installations could decline by approximately 75% next year. This would lead to large-scale business closures in the residential solar sector, a significantly slower pace of innovation due to reduced R&D budgets, and challenging restructurings within companies.
Assuming no changes to the bill, we estimate Enphase’s EBITDA could decline by about 60% next year, with the stock potentially trading in the high teens. Maintain Sell rating."
Analyst: Vikram Bagri
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JPMorgan Upgrades $DLTR to Overweight from Neutral, Raises PT to $111 from $72
Analyst comments: "Multi-year, we see Dollar Tree returning to a double-digit EPS “compounder” with top- and bottom-line drivers in place at the core DT banner (MPP 3.0 format store expansion) and idiosyncratic bottom-line drivers through tariff mitigation strategies, MPP expansion, 1x cost recapture, and corporate expense leverage following the sale of the FDO business (with capital allocation representing an incremental catalyst)."
Analyst: Matthew Boss
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JPMorgan Upgrades $DLTR to Overweight from Neutral, Raises PT to $111 from $72
Analyst comments: "Multi-year, we see Dollar Tree returning to a double-digit EPS “compounder” with top- and bottom-line drivers in place at the core DT banner (MPP 3.0 format store expansion) and idiosyncratic bottom-line drivers through tariff mitigation strategies, MPP expansion, 1x cost recapture, and corporate expense leverage following the sale of the FDO business (with capital allocation representing an incremental catalyst)."
Analyst: Matthew Boss
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WALMART’S FLIPKART GETS RBI NOD TO START LENDING
Flipkart, backed by Walmart $WMT, just got approval from India’s 🇮🇳 central bank to lend directly to customers and sellers. It’s the first time India has issued a lending license to a major e-commerce player. Flipkart Finance can now operate as a non-bank lender.
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WALMART’S FLIPKART GETS RBI NOD TO START LENDING
Flipkart, backed by Walmart $WMT, just got approval from India’s 🇮🇳 central bank to lend directly to customers and sellers. It’s the first time India has issued a lending license to a major e-commerce player. Flipkart Finance can now operate as a non-bank lender.
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$HUM BACKS LIMITS ON MEDICARE ADVANTAGE BILLING - WSJ
Humana told Congress it’s open to curbing billions in extra payments tied to home-visit diagnoses by nurse practitioners, per WSJ. The company’s position could shape new rules for how insurers are paid under Medicare Advantage, which now covers nearly half of all Medicare enrollees.
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$HUM BACKS LIMITS ON MEDICARE ADVANTAGE BILLING - WSJ
Humana told Congress it’s open to curbing billions in extra payments tied to home-visit diagnoses by nurse practitioners, per WSJ. The company’s position could shape new rules for how insurers are paid under Medicare Advantage, which now covers nearly half of all Medicare enrollees.
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$AAPL TAPS TATA FOR IPHONE & MACBOOK REPAIRS IN INDIA
Apple’s handing over its India device repair biz to Tata, replacing Wistron’s unit. Repairs will now run from Tata’s Karnataka campus. With India iPhone sales hitting 11M last year, the move deepens Apple’s bet on India as both a market and supply chain hub — Reuters
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$AAPL TAPS TATA FOR IPHONE & MACBOOK REPAIRS IN INDIA
Apple’s handing over its India device repair biz to Tata, replacing Wistron’s unit. Repairs will now run from Tata’s Karnataka campus. With India iPhone sales hitting 11M last year, the move deepens Apple’s bet on India as both a market and supply chain hub — Reuters
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CHINA VP HAN ZHENG says U.S.-China ties are at a "CRITICAL JUNCTURE," urging mutual respect and peaceful coexistence. Speaking during a high-level Track II dialogue with a U.S. delegation, he emphasized cooperation is in both nations’ interests & key to global peace – state media
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CHINA VP HAN ZHENG says U.S.-China ties are at a "CRITICAL JUNCTURE," urging mutual respect and peaceful coexistence. Speaking during a high-level Track II dialogue with a U.S. delegation, he emphasized cooperation is in both nations’ interests & key to global peace – state media
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Palantir $PLTR is partnering with Bolt to deliver smarter, personalized checkouts using AI and shopper data.
The system will remember user preferences, suggest items, and pick preferred payment methods—right inside retailer sites or AI chatbots.
Bolt CEO Ryan Breslow, back at the helm after two years, says the partnership revives Bolt’s original vision. Bolt was last valued at $11B in 2022
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Palantir $PLTR is partnering with Bolt to deliver smarter, personalized checkouts using AI and shopper data.
The system will remember user preferences, suggest items, and pick preferred payment methods—right inside retailer sites or AI chatbots.
Bolt CEO Ryan Breslow, back at the helm after two years, says the partnership revives Bolt’s original vision. Bolt was last valued at $11B in 2022
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SUZANO, KIMBERLY-CLARK FORM $3.4B GLOBAL TISSUE JV:
Suzano is buying 51% of a new tissue products venture with $KMB for $1.73B. The Netherlands-based company will operate 22 plants across 14 countries, making 1M tonnes of product a year. Kimberly-Clark keeps U.S. operations, while Suzano takes the global lead. Deal expected to close mid-2026.
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SUZANO, KIMBERLY-CLARK FORM $3.4B GLOBAL TISSUE JV:
Suzano is buying 51% of a new tissue products venture with $KMB for $1.73B. The Netherlands-based company will operate 22 plants across 14 countries, making 1M tonnes of product a year. Kimberly-Clark keeps U.S. operations, while Suzano takes the global lead. Deal expected to close mid-2026.
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Google CEO Pichai on whether AGI is inevitable:
"Oh, it's entirely possible [we don't reach AGI]... But the pace of progress is staggering...There could be limitations in the technology... both the technology is amazing, but we are quite far from a generalist technology as well" https://t.co/BlX0N6MIPn
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Google CEO Pichai on whether AGI is inevitable:
"Oh, it's entirely possible [we don't reach AGI]... But the pace of progress is staggering...There could be limitations in the technology... both the technology is amazing, but we are quite far from a generalist technology as well" https://t.co/BlX0N6MIPn
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ROBINHOOD HITS RECORD $250B IN ASSETS
$HOOD Trading volumes jumped across the board—stocks up 10%, options up 5%, crypto surged over 30% vs. April. Margin balances and cash sweeps also hit new highs at $9B and $30B. Net deposits YTD? $28B—up 40% from last year. https://t.co/B5b39CxrxK
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ROBINHOOD HITS RECORD $250B IN ASSETS
$HOOD Trading volumes jumped across the board—stocks up 10%, options up 5%, crypto surged over 30% vs. April. Margin balances and cash sweeps also hit new highs at $9B and $30B. Net deposits YTD? $28B—up 40% from last year. https://t.co/B5b39CxrxK
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