The Marked Chart Wire · Business
Musk Acquisition
Paradigm sees potential for Musk to buy Viacom
Paradigm analysts view Viacom as having high potential for acquisition by Elon Musk, citing ongoing spectrum speculation.
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Satellite Connectivity
Viasat and partners agree to share satellite infrastructure
Viasat, Space42, and Terrestar reached a preliminary accord to link their networks with the Equatys platform. The plan involves sharing capacity and gateways to support direct-to-device services while keeping CaStar under Canadian jurisdiction.
Amazon
Amazon cuts 250 jobs in devices and services division
Amazon is eliminating up to 250 positions in its devices and services unit to boost efficiency. This follows the removal of about 1,000 retail jobs earlier this month, ahead of the company's Q3 earnings release.
Robinhood
Bernstein maintains Outperform rating on Robinhood with $160 target
Bernstein reiterated its Outperform rating on Robinhood, setting a $160 price target that implies roughly 69 percent upside. Analyst Gautam Chhugani cited growth in prediction markets and crypto infrastructure as key drivers for the next 12 to 18 months.
Alexa
Amazon launches five new Alexa devices starting at $99.99
Amazon introduced a new lineup of smart home products, including an updated Echo Dot with a built-in Wi-Fi extender and a 16-inch Echo Show. The devices feature enhanced AI capabilities and are priced between $99.99 and $569.99.
Wendy's
Wendy's reportedly gets $1.4 billion take-private offer
A group led by Trian Fund Management has reportedly proposed to buy Wendy's for $7.35 per share in cash. The company and Trian have not yet confirmed the deal.
Robinhood
Mizuho maintains bullish stance on Robinhood shares
Mizuho kept its positive view on Robinhood, setting a $130 target that implies 37.48 percent gains from $94.56. Analyst Dan Dolev sees the recent dip as a chance to buy after mixed monthly data.
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