ERIC News & Events

Vonage announced the availability of the Vonage API Power for Kiro, a new featured partner power in the AWS Kiro agentic Integrated Development Environment. The company said, "This integration marks the first CPaaS solution to be offered natively within the Kiro Power IDE, enabling millions of developers in the Amazon Web Services builder ecosystem to leverage Vonage's powerful Communications and Network APIs directly from within their development environment. A leading agentic coding service, Kiro helps developers build and deploy software using their LLMs of choice, and Kiro powers bring specific, contextual guidance from third-party tools directly into the development environment. The new Vonage API Power for Kiro underscores Vonage's focus as developer-first platform in the age of agentic AI, leveraging its existing MCP Servers - including the Vonage Documentation MCP Server and the Vonage API MCP Server - to provide developers with fast and accurate agentic access to Vonage's management and configuration APIs that power their communications APIs - video, voice, and messaging - and build against Vonage's network APIs for verification and authentication. What once took months or years to build and deploy is now made possible in as little as hours."

The major averages were mixed near noon, with the Dow on track for its fourth straight day of gains while the Nasdaq was in decline. Elon Musk's SpaceX continues to build on its massive post-IPO rally, overtaking Amazon and Microsoft to become the fourth-biggest company in the world in terms of market capitalization. Meanwhile, investors are beginning to shift attention from geopolitical headlines toward tomorrow's Federal Reserve decision and commentary from new Fed Chair Kevin Warsh.In commodity news, oil prices continue to drop, slipping below $80 per barrel. Markets have been encouraged by reports surrounding a preliminary U.S.-Iran agreement that could ease concerns over the Strait of Hormuz and reduce energy-related inflation pressure.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:SpaceXwith Cursor in a deal valued at $60BYum! Brandsentered into agreements tofor $2.7B in the aggregateHuntsmanand Olinin an all-stock merger of equalsRobinhoodannounced aand will incur $10M of chargesGeneral Motorsis considering partnering with Lockheed Martinon weapons parts,2. WALL STREET CALLS:Exxon Mobilto Buy from Neutral at BofAWolfePalantirto Peer Perform after resuming coverageKilroy Realtyto Buy at BofA on AI-driven leasing momentumBTIGFannie Maeand Freddie Macon conservatorship release uncertaintyDomoto Hold from Buy at TD Cowen3. AROUND THE WEB:Nvidiaraised $25B in high-grade bonds, up from a $20B target, amid strong $85B investor demand, marking its first debt issuance since 2021 and reflecting intense appetite for AI-linked credit as proceeds are expected to be used for refinancing and other corporate purposes, Bloomberg saysDozens of hotel owners are pressuring Marriottto share more revenue from its Bonvoy loyalty program, which is expected to generate nearly $1B in fee revenue this year, WSJ saysBlackRockwill be eliminating 1% of its workforce, or about 200 employees, Bloomberg reportsJPMorganChase is planning for its digital bank to operate in at least five European countries within the next five years, FT reportsJehoshaphat Research is short Gildan Activewear, saying the company "got addicted to a growth narrative, and like many addicts it has done unsavory things to feed its addiction."4. MOVERS:Open Lendinggains after announcing it will befor $3.15 per share in cashRackspaceincreases afterwith Rackspace Technology for the phased deployment of an initial 30 MW footprintLionsgate Studiosincreases in New York afterNetflixis interested in purchasing the companyEricssonlower after appointing Per Narvinger as CEO as Borje Ekholm has decided to step downBraskemfalls in New York afterthe company was named as a defendant in a criminal case over the ground subsidence in five neighborhoods of Maceio, a Brazilian state in Alagoas5. EARNINGS/GUIDANCE:Vince Holdingand provided guidance for Q2 and FY26Wiley, with EPS and revenue beating consensusDave & Buster's, with EPS missing consensusDomoRF Industries, with CEO Robert Dawson lauding the company "translating solid demand and disciplined execution into both revenue growth and meaningful margin expansion"INDEXES:Near midday, the Dow was up 0.80%, or 413.48, to 52,084.51, the Nasdaq was down 0.70%, or 185.82, to 26,498.12, and the S&P 500 was up 1.65%, or 122.83, to 7,554.29.

Stock futures are relatively subdued and mixed this morning after a powerful rally as investors shift attention from geopolitical headlines toward tomorrow's Federal Reserve decision and commentary from new Fed Chair Kevin Warsh. Markets have been encouraged by reports surrounding a preliminary U.S.-Iran agreement that could ease concerns over the Strait of Hormuz and reduce energy-related inflation pressure. Crude has continued falling with Brent and WTI moving lower as traders increasingly price in normalization of global supply and softer demand expectations. Consensus expectations for the Fed are no immediate rate move, but investors will closely watch Warsh's tone on inflation, labor conditions, and the path of policy through year-end.In pre-market trading, S&P 500 futures fell 0.04%, Nasdaq futures dipped 0.12% and Dow futures rose 0.21%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -Rackspaceup 22% after disclosing a 15% workforce reduction plan intended to realign its workforce around how production AI is deployed and announcing an agreement for the phased deployment of an initial 30 MW footprint dedicated to AMD-based compute deployments across Rackspace's global data centersSpaceXup another 5% after its IPO on Friday, noting that it has finalized its agreement to acquire CursorValmontup 7% after providing FY29 guidance ahead of its investor dayOlinup 6% after the company and Huntsman announced that they have entered into a definitive agreement to combine in an all-stock merger of equalsRobinhoodup 1% after announcing a reduction in force that involves approximately 10% of the company's full-time employeesDOWN AFTER EARNINGS -Domodown 20%Dave & Buster'sdown 17%Vince Holdingdown 1%LOWER -Huntsmandown 7% after Olin and Huntsman announced that they have entered into a definitive agreement to combine in an all-stock merger of equalsEricssondown 2% after appointing Per Narvinger as CEO as Borje Ekholm has decided to step down

Ericsson announces that Per Narvinger has been appointed President and CEO by the Board of Directors as Borje Ekholm has decided to step down as CEO of Ericsson. Most recently, Narvinger has headed Business Area Networks since March 15, 2025, and prior to that he headed Business Area Cloud Software and Services since 2022. Jan Carlson, Chair of Ericsson's Board of Directors, says: "The Board is pleased to announce that Per Narvinger has been appointed CEO of Ericsson as of October 1, 2026. He has deep technical knowledge of our industry as well as extensive commercial experience and has proved himself in several key leadership positions. The Board is very pleased to welcome Per into this role at a very important time for the company." The Board of Directors said it has executed a "well prepared and orderly" CEO succession as part of the company's ongoing leadership and governance planning.