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GameStop Proposes to Acquire eBay at $125.00 Per Share

GameStop Proposes to Acquire eBay at $125.00 Per Share

GRAPEVINE, Texas–(BUSINESS WIRE)–
GameStop Corp. (NYSE: GME) today submitted a non-binding proposal to acquire 100% of eBay Inc. (NASDAQ: EBAY) at $125.00 per share in cash and stock. The offer represents a 46% premium to eBay’s unaffected closing price on February 4, 2026, the day GameStop started accumulating its position in eBay. GameStop has built a 5% economic stake in eBay through derivatives and beneficial ownership of common stock. GameStop is filing a Schedule 13D and HSR notification tomorrow. The full proposal letter and accompanying materials are available at investor.gamestop.com/ebay.

The proposed offer is $125.00 per share, comprising 50% cash and 50% GameStop common stock, with full shareholder election rights as to consideration type and pro-rata allocation. Aggregate undiluted equity value is approximately $55.5 billion, based on eBay’s most recently disclosed undiluted share count, representing a 27% premium to the 30-day VWAP and a 36% premium to the 90-day VWAP. The transaction is conditioned on customary closing conditions. The cash consideration is expected to be funded from a combination of (i) cash and liquid investments on GameStop’s balance sheet, which totaled ~$9.4 billion as of January 31, 2026, and (ii) third-party acquisition financing, in respect of which GameStop has received a highly-confident letter from TD Securities for up to $20 billion.

eBay spent $2.4 billion on Sales & Marketing in fiscal 2025 while only adding one million net active buyers (134M to 135M – a net increase of less than 0.75%). GameStop will deliver $2 billion of annualized cost reductions within twelve months of closing:

  • ~$1.2 billion from Sales & Marketing. More spend is not producing more users on a marketplace with near-universal brand recognition.
  • ~$300 million from Product Development. Product Development expense grew 11% in fiscal 2025 against revenue growth of 8%.
  • ~$500 million from General & Administrative. Consolidated finance, HR, real estate, legal, IT, and professional services across the combined company.

On cost reductions alone, eBay’s diluted GAAP earnings per share from continuing operations would increase from $4.26 to $7.79 in year one. Beyond cost, GameStop’s ~1,600 US retail locations give eBay a national network for authentication, intake, fulfillment, and live commerce.

Following close, Ryan Cohen will serve as Chief Executive Officer of the combined company.

Mr. Cohen has led GameStop since January 2021. Over that period, GameStop moved from a $381 million net loss in fiscal 2021 to $418 million of net income in fiscal 2025, reduced SG&A by ~$800 million (47%), retired its legacy debt, and raised $4.2 billion of long-term debt at 0% coupon. He owns ~9% of GameStop and receives no salary, no cash bonuses, and no golden parachute. He will be compensated solely based on the performance of the combined company.

Contacts

GameStop Corp. Investor Relations

(817) 424-2001

[email protected]

Important Information for Investors and Stockholders

No Offer or Solicitation

This communication relates to a business combination between GameStop and that has been proposed by GameStop (the “Proposed Transaction”). This communication is for informational purposes only and is neither an offer to sell or purchase, nor the solicitation of an offer to buy or sell, any securities (or the solicitation of any proxy or vote with respect to any matter), nor shall there be any sale or purchase, issuance or other transfer of securities (or the solicitation of any proxy or other vote) with respect to the Proposed Transaction or otherwise in any jurisdiction in contravention of applicable law. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended.

Additional Information and Where to Find It

This communication may be deemed to be solicitation material in respect of the Proposed Transaction. In connection with the Proposed Transaction, GameStop (and, potentially, eBay) may file one or more registration statements, proxy statements, proxy statement/prospectuses or other documents with the Securities and Exchange Commission (“SEC”). This communication is not a substitute for any proxy statement, registration statement, proxy statement/prospectus or other document GameStop and/or eBay may file with the SEC or send to stockholders in connection with the Proposed Transaction.

Investors and security holders of GameStop and eBay are urged to read all relevant documents filed with the SEC, including any proxy statement(s), registration statement, proxy statement/prospectuses and/or other documents, carefully in their entirety if and when they become available as they will contain important information about the proposed transaction. Any definitive proxy statement(s) and/or proxy statement/prospectuses or other applicable definitive materials (if and when available) will be mailed to stockholders of GameStop and/or eBay, as applicable. Investors and security holders will be able to obtain free copies of these documents (if and when available) and other documents filed with the SEC by GameStop or eBay through the website maintained by the SEC at http://www.sec.gov. Copies of documents filed with the SEC by GameStop will also be made available free of charge on GameStop’s website at https://investor.gamestop.com/.

Certain Information Regarding Participants

GameStop and its directors and certain of its executive officers may be considered participants in the solicitation of proxies in connection with the Proposed Transaction, should the Proposed Transaction and any such solicitation occur. Information about the directors and executive officers of GameStop is set forth in (i) GameStop’s proxy statement for the 2025 Annual Meeting of Stockholders, which was filed with the SEC on April 24, 2025 (the “2025 Proxy Statement”), which is available here, including under the headings “Proposal 1: Election of Directors”, “The Director Nominees”, “Director Nominee Qualifications and Experience”, “Biographies of Director Nominees”, “The Board of Directors”, “Corporate Governance”, “Director Compensation”, “Executive Officers”, “Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters”, “Compensation Committee Interlocks and Insider Participation”, “Proposal No. 2 – Advisory Vote on Executive Compensation”, “Compensation Discussion and Analysis”, “Compensation Committee Report on Executive Compensation”, “Executive Compensation Tables”, “CEO Pay Ratio”, “Pay Versus Performance”, “Certain Relationships and Related Transactions”, (ii) under Item 5.02 “Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers” in the Current Report on Form 8-K filed by GameStop with the SEC on August 11, 2025 (available here), (iii) under Item 8.01 “Other Events” in the Current Report on Form 8-K filed by GameStop with the SEC on January 7, 2026 (available here) and (iv) under Item 8.01 “Other Events” in the Current Report on Form 8-K filed by GameStop with the SEC on January 8, 2026 (available here). To the extent holdings of such persons in the Company’s securities have changed since the amounts described in the 2025 Proxy Statement, such changes have been reflected on Initial Statements of Beneficial Ownership on Form 3 or Statements of Change in Ownership on Form 4 filed with the SEC, by Ryan Cohen on January 22, 2026 (available here), by Daniel W. Moore on April 3, 2026, January 6, 2026, December 29, 2025, October 2, 2025, September 3, 2025 and August 12, 2025 (available here, here, here, here, here and here respectively), by Mark H. Robinson on April 15, 2026, April 3, 2026, January 13, 2026, January 6, 2026, December 29, 2025, December 10, 2025 and October 2, 2025, (available here, here, here, here, here, here and here, respectively), by Alain Attal on January 21, 2026 and January 20, 2026 (available here and here, respectively), by Lawrence Cheng on January 26, 2026 (available here), and by James Grube on July 1, 2025 (available here). Additional information can also be found in the Company’s Annual Report on Form 10-K for the fiscal year ended January 31, 2026, filed with the SEC on March 24, 2026, which is available here.

Further information regarding the participants in the proxy solicitations and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in a proxy statement for GameStop’s Board of Directors for election at the 2026 Annual Meeting .and in any proxy statement/prospectus and/or other relevant materials to be filed with the SEC in connection with the Proposed Transaction when they become available.

Disclaimer

Any information concerning eBay contained in this filing has been taken from, or based upon, publicly available information. Although GameStop does not have any information that would indicate that any information contained in this filing that has been taken from such documents is inaccurate or incomplete, GameStop does not take any responsibility for the accuracy or completeness of such information. To date, GameStop has not had access to the books and records of eBay.

Forward-Looking Statements

Certain statements in this communication may constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts and can be identified by terms such as “may,” “will,” “could,” “would,” “should,” “anticipate,” “estimate,” “expect,” “predict,” “project,” “future,” “potential,” “intend,” “plan,” “assume,” “believe,” “forecast,” “look,” “build,” “focus,” “create,” “work,” “continue” or the negative of such terms or other variations thereof and words and terms of similar substance. Such statements also include, among others, statements with respect to GameStop’s proposed acquisition of eBay, such as statements about whether or not the transaction will occur, expected cost reductions, operational benefits, financing, the timing and structure of the transaction, anticipated benefits of the combination, leadership of the combined company, and similar statements. These forward-looking statements are based on GameStop’s current beliefs, expectations and assumptions and involve significant known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Such risks and uncertainties include, but are not limited to: the failure of eBay’s Board of Directors to engage with the proposal; the failure to negotiate or execute a definitive agreement providing for the consummation of a transaction on the terms described or at all; failure to obtain required financing on the expected terms; failure to obtain required regulatory approvals (including under the Hart-Scott-Rodino Antitrust Improvements Act); failure to obtain required shareholder approvals of GameStop and/or eBay; failure to realize anticipated cost reductions, operational benefits, or operating efficiencies; risks related to integration of the businesses; the impact of the announcement of the proposal on GameStop’s and eBay’s respective businesses, customers, suppliers, and employees; the diversion of management attention; competitive responses; market and economic conditions; and other risks described from time to time in GameStop’s filings with the U.S. Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended January 31, 2026 and subsequent filings. GameStop undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Final terms and conditions of any transaction are subject to negotiation and execution of a definitive agreement providing for the consummation of a transaction.

GameStop Corp. Investor Relations

(817) 424-2001

[email protected]

KEYWORDS: Texas United States North America

INDUSTRY KEYWORDS: Electronic Games Other Retail Office Products Entertainment Toys Specialty Home Goods Fashion Retail Online Retail

MEDIA:

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Applied Materials Broadens Advanced Packaging Portfolio with Acquisition of NEXX

SANTA CLARA, Calif., May 03, 2026 (GLOBE NEWSWIRE) — Applied Materials, Inc. today announced it has entered into a definitive agreement with ASMPT Limited (HKEX: 0522) to acquire its NEXX business, a leading supplier of large-area advanced packaging deposition equipment for the semiconductor industry. The addition of the NEXX team and products will broaden Applied’s portfolio of panel-level advanced packaging technologies which are designed to enable chipmakers and systems companies to build larger-body AI accelerators for higher energy-efficient performance.

Increasing AI workloads demand larger chiplet-based designs that integrate greater numbers of GPUs, high-bandwidth memory (HBM) stacks and input-output (I/O) chips in a single, advanced package. As AI chip packages scale to more complex architectures like 2.5D and 3D chiplet stacking, the demand for larger interposers and advanced substrates drives the transition from 300-millimeter silicon wafers to panel form factors as large as 510 by 515 millimeters or more, enabling designers to build larger AI chips and achieve substantially higher output.

Applied is already a leading supplier of advanced packaging technologies and has been working to accelerate the transition to advanced panel substrates by developing a strong portfolio of manufacturing systems spanning digital lithography, physical vapor deposition (PVD), chemical vapor deposition (CVD) and etch along with eBeam metrology and inspection. The addition of NEXX’s panel-level electrochemical deposition (ECD) technology will broaden Applied’s portfolio and served addressable market, allowing Applied to develop co-optimized solutions for fine-pitch I/O wiring and accelerate advanced packaging roadmaps for AI chipmakers and systems companies.

“Having NEXX join Applied Materials complements our leadership in advanced packaging, particularly in panel processing – an area where we see tremendous opportunities for customer co-innovation and growth in the years ahead,” said Dr. Prabu Raja, President of the Semiconductor Products Group at Applied Materials. “We look forward to welcoming NEXX’s talented team to Applied and collaborating with our combined customer base on this exciting new chapter in advanced packaging technology.”

“We are excited for NEXX to be a part of Applied Materials because together, we can accelerate the computing industry’s adoption of large-format advanced packaging technologies,” said Jarek Pisera, President of ASMPT NEXX. “NEXX’s products are already strong, and we intend to build on our success as part of Applied Materials with a continued focus on innovation, quality and excellent customer service.”

The transaction is expected to close within the next several months and is subject to customary closing conditions. No regulatory approvals are required.

Following the close of the transaction, the NEXX team will be incorporated into Applied’s Semiconductor Products Group and will continue to be based in Billerica, Massachusetts.

Forward-Looking Statements

This press release contains forward-looking statements, including those regarding Applied’s pending acquisition of ASMPT Limited’s NEXX business, anticipated growth and trends in our businesses and markets, technology transitions, and other statements that are not historical facts. These statements and their underlying assumptions are subject to risks and uncertainties and are not guarantees of future performance. Factors that could cause actual results to differ materially from those expressed or implied by such statements include, without limitation: the ability of the parties to consummate the pending acquisition in a timely manner or at all; Applied’s ability to successfully integrate NEXX’s operations, products, technology and employees; and other risks and uncertainties described in Applied’s filings with the Securities and Exchange Commission, including Applied’s most recent Forms 10-K, 10-Q and 8-K. All forward-looking statements are based on management’s current estimates, projections and assumptions, and Applied assumes no obligation to update them.

About Applied Materials

Applied Materials, Inc. (Nasdaq: AMAT) is the leader in materials engineering solutions that are at the foundation of virtually every new semiconductor and advanced display in the world. The technology we create is essential to advancing AI and accelerating the commercialization of next-generation chips. At Applied, we push the boundaries of science and engineering to deliver material innovation that changes the world. Learn more at www.appliedmaterials.com.

Contact:

Ricky Gradwohl (editorial/media) 408.235.4676
Mike Sullivan (financial community) 408.986.7977



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Faraday Future Founder and Co-CEO YT Jia Shares Weekly Investor Update: EAI Robotics Sales Momentum Continues Along with University Collaborations and Partnership Development

Faraday Future Founder and Co-CEO YT Jia Shares Weekly Investor Update: EAI Robotics Sales Momentum Continues Along with University Collaborations and Partnership Development

  • FF EAI robots added 46 new robotics sales and shipments in April. Together with the shipments completed in March, cumulative sales and shipments have reached 68 units, making steady progress toward FF’s target of 200 units by the end of June.

  • FF continues pursuing university partnerships, with Boston International Business School and FF officially launching the BIBS–FF AI and Robotics Institute in Omaha. This marks the first step in bringing the EAI education ecosystem into universities across the United States. 

LOS ANGELES–(BUSINESS WIRE)–
Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) (“Faraday Future”, “FF” or the “Company”), a California-based global Embodied AI (EAI) ecosystem company, today shared a weekly business update from YT Jia, Founder and Global Co-CEO of FF.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260503510264/en/

Faraday Future Founder and Co-CEO YT Jia Shares Weekly Investor Update: EAI Robotics Sales Momentum Continues Along with University Collaborations and Partnership Development

Faraday Future Founder and Co-CEO YT Jia Shares Weekly Investor Update: EAI Robotics Sales Momentum Continues Along with University Collaborations and Partnership Development

“Happy May Day holiday! It’s hard to believe that this weekly report series has now been going for a full year. I want to sincerely thank all of our stockholders, investors, users, and partners for your support and companionship along the way. I’m also grateful that this weekly report has continued to push me and the team to keep reflecting, improving, and moving forward.

Let’s first look at the EAI Robotics engine from this week. On the device side of the “Three-in-One” strategy, FF EAI robots added 46 new sales and shipments in April. Together with the shipments completed in March, cumulative sales and shipments have reached 68 units, making steady progress toward our target of 200 units by the end of June. While continuing to achieve positive gross margin on each product model, we are also beginning to see the real power of the evolutionary flywheel. As the first U.S. company to deliver both humanoid and bionic robots, every robot deployed and delivered activates a real node in the “Device–Data–Brain” flywheel. In May, we expect deliveries and deployments to continue to accelerate the ramp-up.

This month’s deliveries mainly went to B2C users such as Falrano, as well as B2B education customers including Triple I and BIBS, the Boston International Business School. They are not only our users, but also developer partners working with us to build “6-3-3” Industry Applications and Practical Value in real-world environments, and an important force helping accelerate our flywheel.

On the EAI Brain & Developer Platform of our Three-in-One strategy:

We have already started co-building the developer ecosystem. One key initiative is the world’s first youth developer program designed specifically for AI natives, while the developer incentive program has also been rolled out.

On the Data Factory of our Three-in-One strategy, we have put in place an initial framework for EAI data collection and model training and are actively preparing for the development of the EAI Data Factory. We will continue to keep everyone updated on further progress across the Three-in-One strategy.

Next, I would like to focus on the EAI Robotics education product line, which is now being implemented across multiple areas.

In terms of university partnerships, as the annual Berkshire Hathaway stockholders meeting opened, Boston International Business School and FF officially launched the BIBS–FF AI and Robotics Institute in Omaha. This marks the first step in bringing the EAI education ecosystem into universities across the United States. We also jointly hosted the World Youth Leaders Forum & Junior Leadership Forum, where we had in-depth discussions on AI and the future of global business, leadership, educational innovation, and other topics. The response from attendees was very positive.

Additionally, the team has been in touch with UCLA, where both faculty and students have shown strong interest in our products, and we are actively advancing potential collaboration opportunities.

At the educational institution level, FF hosted a unique K–12 immersive robotics class in partnership with BrainBuilders STEM Education, which focuses on hands-on STEM learning for youth. The session drew over 30 students and parents, and the kids were highly engaged and excited throughout the experience. Through classroom experiences, we have validated the robot curriculum and teaching approach in real-world settings, and both parties are actively exploring next steps for deeper collaboration.

Next, on the to-B side, we will focus on advancing strategic partnerships with an initial group of K–12 schools and universities, driving robot procurement, and launching the EAI education summer camp. On the to-C family side, we will push for the rapid execution of our strategy to bring educational robots into households, accelerating the development of the first scaled EAI education ecosystem in the United States.

EAI EV Engine:

A few days ago, the Wall Street Journal reported on the current state of automotive industry development in China and the United States, mentioning FF’s global EAI Industry Bridge Strategy. This underscores that our early proposal and execution of the EAI Robotics and Automotive Bridge Strategy are already having a meaningful industry impact and gaining recognition across both policy and industry circles. This bridge connects the global EAI industry with user value worldwide, making it a topic worthy of broader reflection and discussion across the industry.

Last week, we successfully hosted an exchange session with institutional and individual investors in New York City, which received very positive feedback. This week, Jerry Wang will attend the Global Family Office Investment Summit in Miami, where he will engage in in-depth discussions with over 300 family offices, sovereign wealth funds, and leading investment institutions from around the world, expanding opportunities for long-term capital partnerships in the U.S.

Finally, Kerr & Lerr have just received their own FF EAI robots. When they called yesterday, I could really feel that they couldn’t wait to unbox them and start exploring as young EAI developers. Next up, the girls will share more, giving everyone a closer look at how this generation of AI-natives learn, interact, and grow with robots—and how they create with them. What they have to share may exceed all of our expectations. Let’s catch up next week!”

ABOUT FARADAY FUTURE

Faraday Future is a California-based global intelligent Company founded in 2014 and is dedicated to reshaping the future of mobility through vehicle electrification, intelligent technologies, and AI innovation. Its flagship vehicle, the FF 91, began deliveries in 2023 and reflects the brand’s pursuit of ultra-luxury, cutting-edge technology, and high performance. FF’s second brand, FX, targets the high-volume mainstream vehicle market. Its first model, Super One, is positioned as a first-class EAI-MPV, with deliveries planned to begin in 2026. FF recently announced its entry into the Embodied AI Robotics business with sales beginning this year, connecting its future strategy of bringing a new era of EAI vehicles and EAI robotics. For more information, please visit https://www.ff.com/

FORWARD LOOKING STATEMENTS

This press release includes “forward looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “plan to,” “can,” “will,” “should,” “future,” “potential,” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements, which include statements regarding potential future legal actions against alleged illegal market manipulation or similar improper activities, and FF’s entry into the embodied AI robotics market and robotics deliveries and development, involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, which could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements.

Important factors, that may affect actual results or outcomes include, among others: the Company’s ability to timely regain compliance with Nasdaq’s minimum bid requirement; the Company’s common stock will be suspended from trading on Nasdaq if it’s closing price is $0.10 or less for 10 consecutive trading days; the Company’s ability to continue as a going concern and improve its liquidity and financial position; the Company’s ability to pay its outstanding obligations, which it currently lacks; the availability of sufficient share capital to meet its current obligations and execute on its strategy, which the Company currently lacks; the agreement of stockholders to substantially increase the Company’s share capital, which could result in substantial additional dilution; the willingness of convertible debt investors to fund the Company while it lacks sufficient share capital for conversions; demand for the Company’s robotics products; the ability of B2B preorder companies to locate customers to purchase our robotics products, on which their nonbinding preorders substantially depend; competition in the robotics industry, which includes companies with far superior experience, funding and name recognition; the Company’s reliance on a single OEM for most of its robotics products; the Company’s ability to get the planned robotics products to comply with all applicable U.S. rules and regulations; the ability of the robotics OEM to timely supply robotics to the Company; tariff uncertainty for imported products, particularly from China; demand from automobile dealers for robotics products; the Company’s ability to homologate FX vehicles for sale; the Company’s ability to secure the necessary funding to execute on the FX strategy, which is substantial; the Company’s ability to secure an occupancy certificate covering all of its Hanford facility; the Company’s ability to remediate its material weaknesses in internal control over financial reporting and the risks related to the restatement of previously issued consolidated financial statements; the Company’s limited operating history and the significant barriers to growth it faces; the Company’s history of substantial losses and expectation of continued losses; the success of the Company’s payroll expense reduction plan; the Company’s ability to execute on its plans to develop and market its vehicles and the timing of these development programs; the Company’s estimates of the size of the markets for its vehicles and cost to bring those vehicles to market; the rate and degree of market acceptance of the Company’s vehicles; the Company’s ability to cover future warranty claims; the success of other competing manufacturers; the performance and security of the Company’s vehicles; current and potential litigation involving the Company; the Company’s ability to receive funds from, satisfy the conditions precedent of and close on the various financings described elsewhere by the Company; the result of future financing efforts, the failure of any of which could result in the Company seeking protection under the Bankruptcy Code; the Company’s indebtedness; the Company’s ability to cover future warranty claims; the Company’s ability to use its “at-the-market” program; insurance coverage; general economic and market conditions impacting demand for the Company’s products; potential negative impacts of a reverse stock split; potential cost, headcount and salary reduction actions may not be sufficient or may not achieve their expected results; circumstances outside of the Company’s control, such as natural disasters, climate change, health epidemics and pandemics, terrorist attacks, and civil unrest; risks related to the Company’s operations in China; the success of the Company’s remedial measures taken in response to the Special Committee findings; the Company’s dependence on its suppliers and contract manufacturer; the Company’s ability to develop and protect its technologies; the Company’s ability to protect against cybersecurity risks; and the ability of the Company to attract and retain employees, any adverse developments in existing legal proceedings or the initiation of new legal proceedings, and volatility of the Company’s stock price. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the Company’s Form 10-K filed with the SEC on March 31, 2025, and Form 10-Qs for the quarters ended June 30, 2025 and September 30, 2025 filed with the SEC on May 9, 2025, August 19, 2025 and November 21, 2025, respectively, and other documents filed by the Company from time to time with the SEC.

Investors (English): [email protected]

Investors (Chinese): [email protected]

Media: [email protected]

KEYWORDS: Massachusetts Nebraska California Florida China United States North America Asia Pacific

INDUSTRY KEYWORDS: Luxury Technology Automotive Alternative Vehicles/Fuels Robotics Vehicle Technology Other Education Automotive Manufacturing Other Technology University Manufacturing Primary/Secondary Retail Education Hardware Consumer Electronics Artificial Intelligence

MEDIA:

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Faraday Future Founder and Co-CEO YT Jia Shares Weekly Investor Update: EAI Robotics Sales Momentum Continues Along with University Collaborations and Partnership Development
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Mirum Pharmaceuticals to Host Investor Call to Share Topline Results from the VISTAS Study of Volixibat in Patients with Primary Sclerosing Cholangitis on May 4, 2026

Mirum Pharmaceuticals to Host Investor Call to Share Topline Results from the VISTAS Study of Volixibat in Patients with Primary Sclerosing Cholangitis on May 4, 2026

FOSTER CITY, Calif.–(BUSINESS WIRE)–
Mirum Pharmaceuticals, Inc. (Nasdaq: MIRM), a leading rare disease company, today announced that it will host an investor call on Monday, May 4, 2026 at 8:30 a.m. ET/5:30 a.m. PT to share topline results from the VISTAS study of volixibat in patients with primary sclerosing cholangitis (PSC).

Conference Call Details:

US/Toll-Free: + 1 833 461 5787

International: +1 585 542 9983

Access Code: 151345102

You may also access the call via webcast by visiting the Investors section of Mirum’s corporate website. The archived webcast will be available for replay.

About Mirum Pharmaceuticals

Mirum Pharmaceuticals (NASDAQ: MIRM) is a leading rare disease company with a global footprint of approved products and a broad pipeline of investigational medicines. Purpose-built to bring forward breakthrough medicines for people with overlooked conditions, Mirum combines deep rare disease expertise with strong connections to patient communities.

The company’s commercial portfolio includes LIVMARLI® (maralixibat) for Alagille syndrome (ALGS) and progressive familial intrahepatic cholestasis (PFIC), CHOLBAM® (cholic acid) for bile-acid synthesis disorders, and CTEXLI® (chenodiol) for cerebrotendinous xanthomatosis (CTX).

Mirum’s clinical-stage pipeline includes volixibat, an IBAT inhibitor in late-stage development for primary sclerosing cholangitis (PSC) and primary biliary cholangitis (PBC), brelovitug, a fully human monoclonal antibody in late-stage development for chronic hepatitis delta virus (HDV) and MRM-3379, a PDE4D inhibitor being evaluated for Fragile X syndrome (FXS).

Mirum’s success is driven by a team dedicated to advancing high impact medicines through strategic development, disciplined execution and purposeful collaboration across the rare disease ecosystem. Learn more at www.mirumpharma.com and follow Mirum on Facebook, LinkedIn, Instagram and X.

Investor Contact:

Andrew McKibben

[email protected]

Media Contact:

Meredith Kiernan

[email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Biotechnology Pharmaceutical Health Clinical Trials

MEDIA:

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Notice to Long-Term Shareholders of LKQ Corporation (NASDAQ: LKQ); Molina Healthcare, Inc. (NYSE: MOH); Power Solutions International, Inc. (NASDAQ: PSIX); and Varonis Systems, Inc. (VRNS): Grabar Law Office Investigates Claims on Your Behalf

PHILADELPHIA, May 03, 2026 (GLOBE NEWSWIRE) —


LKQ CORPORATION (NASDAQ: LKQ):

WHAT IS HAPPENING? Grabar Law Office is investigating potential claims on behalf of investors of LKQ Corporation (NASDAQ: LKQ). The investigation concerns whether certain officers of the company have breached their fiduciary duties they owed to the company.

If you purchased LKQ Corporation (NASDAQ: LKQ) shares prior to February 27, 2023, and still hold shares today, you should visit

https://grabarlaw.com/the-latest/lkq-shareholder-investigation/

,
contact Joshua H. Grabar at

[email protected]

, or call 267-507-6085
. You
can
seek corporate reforms, the return of funds back to the Company, and a court approved incentive award at no cost you whatsoever. Alternatively, shareholders who purchased LKQ Corporation shares between February 27, 2023, and July 23, 2025, can participate in the class action.

WHY? A recently filed federal securities class action alleges that LKQ Corporation (NASDAQ: LKQ), through certain of its senior executives, misled investors regarding the performance and risks associated with its $2.1 billion acquisition of Uni-Select, including the FinishMaster business.

According to the underlying securities fraud complaint, LKQ Corporation, through certain of its officers, made materially false and misleading statements and failed to disclose that: (1) FinishMaster was losing major customers even before the acquisition closed; (2) the business was unable to maintain market share amid increasing competition; (3) integration efforts were not producing the expected revenue or margin benefits; and (4) competitive pricing pressure was eroding profitability. As a result, it is alleged that LKQ’s reported financial strength and growth prospects were materially overstated. Investors only began to learn the truth through a series of disclosures between April 2024 and July 2025, when LKQ cut financial guidance multiple times; reported missed revenue and margin targets; admitted that FinishMaster had been losing customers since before the acquisition; and disclosed ongoing market share losses due to competitive pricing pressure.

WHAT CAN YOU DO NOW?
If you have held LKQ Corporation (NASDAQ: LKQ) shares since prior to February 27, 2023, you
can
seek corporate reforms, the return of funds back to the Company, and a court approved incentive award at no cost you whatsoever. Visit https://grabarlaw.com/the-latest/lkq-shareholder-investigation/, contact Joshua H. Grabar at [email protected],or call 267-507-6085 to learn more. Alternatively, shareholders who purchased LKQ Corporation shares between February 27, 2023, and July 23, 2025, can participate in the class action.

$LKQ #LKQ #LKQCorporation


MOLINA HEALTHCARE, INC.


(NYSE: MOH)

:

WHAT IS HAPPENING? Grabar Law Office is investigating claims on behalf of shareholders of Molina Healthcare, Inc. (NYSE: MOH). The investigation concerns whether certain officers and directors breached the fiduciary duties they owed to the company.

If you purchased
Molina Healthcare, Inc.
(NYSE: MOH)
,
shares prior to
February 5, 2025,
and still hold shares today,
you can seek corporate reforms, the return of funds back to the company, and a court approved incentive award at no cost to you whatsoever. Please visit
https://grabarlaw.com/the-latest/molina-shareholder-investigation/
, contact Joshua Grabar at
[email protected]
,
or call 267-507-6085 to learn more.

WHY? As alleged in an underlying securities fraud class action complaint, Molina Healthcare, Inc. (NYSE: MOH), through certain of its officers, failed to disclose: (1) material, adverse facts concerning Molina Healthcare’s “medical cost trend assumptions”; (2) that Molina Healthcare was experiencing a “dislocation between premium rates and medical cost trend”; (3) that Molina Healthcare’s near term growth was dependent on a lack of “utilization of behavioral health, pharmacy, and inpatient and outpatient services”; and (4) as a result, Molina Healthcare’s financial guidance for fiscal year 2025 was substantially likely to be cut.

WHAT YOU CAN DO NOW:
If you purchased
Molina Healthcare, Inc.
(NYSE: MOH)
,
shares prior to
February 5, 2025
and still hold shares today,
you are encouraged to visit
https://grabarlaw.com/the-latest/molina-shareholder-investigation/
, contact Joshua Grabar at
[email protected]
,
or call 267-507-6085. You can seek corporate reforms, the return of funds back to the company, and a court approved incentive award at no cost to you whatsoever.  $MOH #Molina #MOH


POWER SOLUTIONS INTERNATIONAL, INC. (NASDAQ: PSIX):

WHAT IS HAPPENING? Grabar Law Office is investigating claims on behalf of shareholders of Power Solutions International, Inc. (NASDAQ: PSIX). The investigation concerns whether Power Solutions and certain of its executives breached their fiduciary duties.

If you purchased
Power Solutions International, Inc. (NASDAQ: PSIX) shares prior to May 8, 2025, please
visit

https://grabarlaw.com/the-latest/psix-shareholder-investigation/
, contact Joshua H. Grabar at [email protected], or call 267-507-6085. You can seek corporate reforms, the return of funds back to the Company, and a court approved incentive award at no cost you whatsoever. Alternatively, if you purchased or acquired your shares between May 8, 2025, through March 2, 2026, you may be able to participate in this securities fraud class action.

WHY? According to a recently filed federal securities fraud class action complaint, Power Solutions (NASDAQ: PSIX); through certain of its officers, failed to disclose to investors: (1) the Company overstated its ability to capture sales demand for its power systems solutions, particularly within the data center market; (2) the Company understated the impact of its enhancements to manufacturing capacity to meet demand within the data center market, including the expected costs and the nature of the related “inefficiencies”; and (3) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. 

WHAT CAN YOU DO NOW?
If you purchased or otherwise acquired
Power Solutions International, Inc. (NASDAQ: PSIX) securities prior to May 8, 2025,
you can
seek corporate reforms, the return of funds back to the Company, and a court approved incentive award at no cost you whatsoever. Visit https://grabarlaw.com/the-latest/psix-shareholder-investigation/, contact Joshua H. Grabar at [email protected], or call 267-507-6085 to learn more. Alternatively, if you purchased or acquired your shares between May 8, 2025, through March 2, 2026, you may be able to participate in this securities fraud class action.

#PSIX $PSIX #PowerSolutions


VARONIS SYSTEMS, INC.


(NASDAQ: VRNS):

Grabar Law Office is investigating claims on behalf of shareholders of Varonis Systems, Inc. (NASDAQ: VRNS). The investigation concerns whether certain officers and directors breached the fiduciary duties they owed to the company.

If you purchased
Varonis Systems, Inc.
(NASDAQ: VRNS)
,
prior to
February 4, 2025
, and still hold shares today,
you can seek corporate reforms, the return of funds back to the company, and a court approved incentive award at no cost to you whatsoever. You are encouraged to visit
https://grabarlaw.com/the-latest/varonis-shareholder-investigation/
,
contact Joshua Grabar at
[email protected]
,
or call 267-507-6085.   

WHY? As alleged in an underlying securities fraud class action complaint, Varonis Systems, Inc. (NASDAQ: VRNS), through certain of its officers, provided investors with materially false or misleading information concerning Varonis’ expected annual recurring revenue (“ARR”) for the fiscal year 2025. Defendants’ statements included, among other things, confidence in the Company’s ability to maintain ARR projections while converting both its federal and non-federal existing on-prem customers to the software-asa-service (“SaaS”) alternative offering. Such statements were made while failing to disclose material adverse facts concerning the true state of Varonis’ ability to convert its existing customer base; notably, that it was not truly equipped to convince existing users of the benefits of converting to the SaaS offering or otherwise maintain those customers on its platform, resulting in significantly reduced ARR growth potential in the near-term. When Varonis announced its financial results for the third quarter of fiscal 2025, disclosing a significant miss to ARR and reducing its projections for the full fiscal year 2025, the stock suffered a massive single-day decline of over 48%.

WHAT YOU CAN DO NOW
:
If you purchased
Varonis Systems, Inc.
(NASDAQ: VRNS)
,
prior to
February 4, 2025
, and still hold shares today,
you are encouraged to visit
https://grabarlaw.com/the-latest/varonis-shareholder-investigation/
,
contact Joshua Grabar at
[email protected]
,
or call 267-507-6085. You can seek corporate reforms, the return of funds back to the company, and a court approved incentive award at no cost to you whatsoever.

#Varonis #VRNS $VRNS

Attorney Advertising Disclaimer

Contact:
Joshua H. Grabar, Esq.
Grabar Law Office
One Liberty Place
1650 Market Street, Suite 3600
Philadelphia, PA 19103
Tel: 267-507-6085
Email: [email protected]



Posted on

Bath & Body Works launches an out-of-this-galaxy collection to celebrate the release of Star Wars: The Mandalorian and Grogu, only in theaters May 22

What you should know:

  • Limited-edition Star Wars: The Mandalorian and Grogu collection debuts May 4 for Bath & Body Works rewards members and May 11 for all customers, online and in stores across the US and Canada. The collection will launch in international markets later this year.
  • The collection introduces three original fragrances inspired by the Star Wars universe — Force Flow, Bounty Hunter and Ice Planet — designed to capture the strength, adventure and emotional connection of the Mandalorian and Grogu.
  • The assortment spans body care, home fragrance and candles, along with a select range of collectible accessories.

COLUMBUS, Ohio, May 03, 2026 (GLOBE NEWSWIRE) — As excitement builds for the highly-anticipated theatrical release of Star Wars: The Mandalorian and Grogu on May 22, Bath & Body Works invites fans to step deeper into the galaxy with its first Star Wars-inspired collaboration with a limited-edition Star Wars: The Mandalorian and Grogu collection. The intergalactic assortment will be available beginning May 4 for Bath & Body Works rewards members and May 11 for all customers, online and in-stores across the US and Canada. The international launch will follow in the coming months and reach more than 40 markets by the end of 2026.

Just in time for Star Wars Day (May the 4th) and the film’s theatrical release, the collection brings two of Star Wars most recognizable characters into the world of fragrance. Three brand new scents anchor the launch: Force Flow, Bounty Hunter, and Ice Planet, making the lineup an ideal Father’s Day gift for fans looking to celebrate dad with an unexpected, cosmic twist.

The collection represents the latest chapter in the larger Bath & Body Works and Disney collaboration, pairing LucasFilm’s storytelling with Bath & Body Works’ fragrance craftsmanship to translate elements of Star Wars: The Mandalorian and Grogu into scent inspired by the strength, adventure and emotional connection of the film. The assortment allows fans to stay connected to the cinematic experience, between theater visits and long after the credits roll.

“Fragrance is at the heart of what we do,” said Kristie Lewis, executive vice president of merchandising at Bath & Body Works. “Our team has deep expertise in translating emotion, personality and storytelling into scent, and this collaboration allowed us to thoughtfully bring the Mandalorian and Grogu to life in a way that feels authentic to the Star Wars universe while still delivering the high-quality, feel-good fragrance experience consumers know and love -from Bath & Body Works.”

“We’re thrilled to collaborate with Bath & Body Works to bring the essence of Star Wars: The Mandalorian and Grogu to fans through this inspired collection in a way that feels fresh and unexpected. By blending iconic Star Wars storytelling with world-class fragrance, this collaboration delivers a fresh, sensory experience that lets fans bring their favorite characters into their daily routines,” said Liz Shortreed, senior vice president – Americas and global softlines, Disney Consumer Products.
ABOUT THE FRAGRANCES:

Each fragrance was expertly crafted by Bath & Body Works perfumers to reflect distinct aspects of the curated Star Wars: Mandalorian and Grogu universe, from character traits to environment and atmosphere. Designed to evoke the strength of the Mandalorian and the heart and curiosity of Grogu, the scents translate iconic elements into layered fragrance notes designed to spark imagination and emotion. The assortment includes 26 forms, including body spray, body cream, 3-in-1 body wash, cologne, 3-wick candles, and gentle foaming hand soap.*

  • Force Flow: green apple, salted lavender and cosmic sage.
  • Bounty Hunter: Beskar sea salt, solar woods and protective patchouli.
  • Ice Planet (loyalty-exclusive three-wick candle): frozen cypress, glistening water and radiant amber.


COLLECTIBLE ACCESSORIES:

The new Star Wars: The Mandalorian and Grogu collection features an array of decorative accessories, from stylish tote bags to 3-wick candle pedestals and PocketBac holders. These accessories bring a touch of interplanetary action to everyday routines. Some of the accessories include:

  • Mandalorian and Grogu PocketBac Holder
  • Mandalorian and Grogu 3-Wick Candle Pedestal
  • Mandalorian Wallflower Heater

Loyalty online exclusives include:

  • Grogu Snacks Collectible Tin
  • Canvas Bag
  • Mandalorian and Grogu Coin Purse
  • Mandalorian Extendable Arm PocketBac Holder

For more information about the new Star Wars: The Mandalorian and Grogu collection, visit bathandbodyworks.com.


ABOUT BATH & BODY WORKS


Bath & Body Works is a global leader in personal care and home fragrance, driven by the belief that everybody deserves to feel good.

The brand’s beloved and iconic scents are expertly crafted for exceptional performance and a luxury fragrance experience. Formulated with thoughtfully chosen ingredients, Bath & Body Works’ body care products are available in multiple forms including fine fragrance mist, body cream, lotion, eau de parfum, body wash, hand soap, sanitizer and more. The brand’s famous 3-wick candles are made with rich, high quality fragrance oils layered throughout a premium soy wax base, for up to 45 hours of room-filling fragrance.

Consumers can shop Bath & Body Works anytime and anywhere they choose, from welcoming, in-store experiences at more than 1,900 stores in the U.S. and Canada, 500-plus international locations, online at bathandbodyworks.com and on Amazon (as of March 4, 2026).


ABOUT



STAR WARS: THE MANDALORIAN AND GROGU

The Mandalorian and Grogu embark on their most thrilling mission yet in Lucasfilm’s “Star Wars: The Mandalorian and Grogu,” an all-new Star Wars film opening exclusively in theaters May 22, 2026. The evil Empire has fallen, and Imperial warlords remain scattered throughout the galaxy. As the fledgling New Republic works to protect everything the Rebellion fought for, they have enlisted the help of legendary Mandalorian bounty hunter Din Djarin (Pedro Pascal) and his young apprentice Grogu. Directed by Jon Favreau, “Star Wars: The Mandalorian and Grogu” also stars Sigourney Weaver and Jeremy Allen White, is written by Jon Favreau & Dave Filoni & Noah Kloor, and is produced by Jon Favreau, p.g.a., Kathleen Kennedy, p.g.a., Dave Filoni, p.g.a., and Ian Bryce, p.g.a., with Karen Gilchrist, John Bartnicki, and Carrie Beck serving as executive producers. The music is composed by Ludwig Göransson.

STAR WARS and related properties are trademarks and/or copyrights, in the United States and other countries, of Lucasfilm Ltd. and/or its affiliates. © & TM Lucasfilm Ltd

*Ice Planet 3-Wick Candle and Grogu PocketBac Holder will not be available in Canada. Ice Planet 3-Wick Candle, Grogu Coin Purse, and the Mandalorian Wallflower Heater will not be available internationally.

MEDIA CONTACT:

Ashley Nedelman
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6dc9a40a-dfad-4781-94f5-cfa218c1b60f



Posted on

Planet Launches Three Additional High-Resolution Pelican Satellites

Planet Launches Three Additional High-Resolution Pelican Satellites

SAN FRANCISCO–(BUSINESS WIRE)–Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about change on Earth, today announced the successful launch of three additional Pelican satellites, one of which is the first satellite to orbit as part of the recently-announced satellite services agreement with the Swedish Armed Forces (SwAF). The spacecraft were launched to orbit aboard the CAS500-2 rideshare mission with SpaceX from Vandenberg Space Force Base in California. Planet has begun the commissioning process for the three satellites after successfully making initial contact.

The launch of the SwAF Pelican marks a milestone in agile aerospace, with Planet delivering a sovereign orbital capability just over four months after the contract was signed. This mission transitions Sweden into an operational space power, providing the high-resolution, global monitoring necessary to detect threats in strategic regions like the Arctic. By reaching orbit years ahead of their original 2030 goal, the Swedish Armed Forces will be able to provide critical intelligence that strengthens both their national security and NATO’s collective situational awareness.

These advanced, AI-enabled Pelican satellites are the first to launch in 2026, building on the successful launches that brought five Pelicans to orbit in 2025. Each of these satellites is equipped with NVIDIA’s Jetson AI platform to facilitate on-orbit edge computing, which Planet has recently leveraged for successful AI-driven, near real-time object detection onboard Pelican-4.

As first generation (Gen 1) Pelicans, these spacecraft are built to capture 50 cm class resolution imagery across six multispectral bands, which are optimized for seamless cross-sensor analysis. Once commissioning is complete, they will operate alongside the existing Pelican Gen 1 fleet to support the delivery of the company’s 50 cm class high-resolution tasking solutions.

Planet is continuing to scale its Pelican manufacturing capacity to meet the growing, global customer demand for high-resolution data and sovereign satellite ownership. Planet’s expanding Pelican fleet is designed to provide users with the rapid, crisp imagery needed to inform mission-critical decisions in near real-time, particularly through leading solutions like Planet’s Global Monitoring Service (GMS). Planet is also continuing to deliver on and develop a strong pipeline for its satellite services contracts, supplying nations with a proven means of expanding their space capabilities with advanced, sovereignly-owned Pelican satellites.

Planet plans to continue to meet the rapidly growing need for its high-resolution monitoring solutions by launching additional Gen 1 and the first Gen 2 Pelican satellites later in 2026, which are designed to provide up to 30 cm class resolution.

About Planet Labs PBC

Planet is a leading provider of global, daily satellite imagery and geospatial solutions. Planet is driven by a mission to image the world every day, and make change visible, accessible and actionable. Founded in 2010 by three NASA scientists, Planet designs, builds, and operates the largest Earth observation fleet of imaging satellites. Planet provides mission-critical data, advanced insights, and software solutions to customers comprising the world’s leading agriculture, forestry, intelligence, education and finance companies and government agencies, enabling users to simply and effectively derive unique value from satellite imagery. Planet is a public benefit corporation listed on the New York Stock Exchange as PL. To learn more visit www.planet.com and follow us on X, LinkedIn, or tune in to HBO’s ‘Wild Wild Space’.

Forward-looking Statements

Certain statements contained in this press release are “forward-looking statements” about Planet within the meaning of the securities laws, including statements about the expansion of the high resolution capacity of Planet’s fleet, the delivery of such capacity to Planet customers, and the Company’s ability to realize any of the potential benefits from product and satellite launches, either as designed, within the expected time frame, in a cost-effective manner, or at all. Such statements, which are not of historical fact, involve estimates, assumptions, judgments and uncertainties. There are a number of factors that could cause actual results or outcomes to differ materially from those addressed in the forward-looking statements, including risks related to the macroeconomic environment. Such factors are detailed in Planet’s filings with the Securities and Exchange Commission, including our most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Planet does not undertake an obligation to update its forward-looking statements to reflect future events, except as required by applicable law.

Planet Press

Emily Lewis Benz

[email protected]

Planet Investor Relations

Cleo Palmer-Poroner

[email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Defense Satellite Technology Aerospace Manufacturing Artificial Intelligence Contracts

MEDIA:

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Posted on

Golden Tempo Wins the 152nd Running of the Kentucky Derby Presented by Woodford Reserve

New All-Time Handle Record Set for Kentucky Derby Week Races

LOUISVILLE, Ky., May 02, 2026 (GLOBE NEWSWIRE) — Churchill Downs Incorporated (Nasdaq: CHDN) (the “Company”, “CDI”, “we”) announced today that Golden Tempo claimed the Garland of Roses at the 152nd running of the Kentucky Derby presented by Woodford Reserve under partly sunny skies and the cheers of over 150,000 exuberant fans.

Golden Tempo, owned and bred by Phipps Stable and St. Elias Stable, trained by Cherie DeVaux, and ridden by Jose Ortiz, raced to the finish to win by a neck at 23-1 odds. Golden Tempo covered the mile and a quarter in 2:02.27 over a fast track. Sired by Curlin, Golden Tempo now has lifetime earnings of over $3.4 million. Cherie DeVaux made history as the first woman ever to train a Kentucky Derby winner. Jose Ortiz rode to victory in both the 152nd Kentucky Oaks and Kentucky Derby.

All-sources handle for Derby Week rose to a new record of $487 million, up $13 million or 3% from the prior record set in 2025. Wagering from all sources on the Kentucky Derby Day program was $340 million compared to last year’s record of $349 million. All-sources wagering on the Kentucky Derby race was $225 million, compared to last year’s record of $234 million.

TwinSpires, the official betting partner of the Kentucky Derby, handled a new record of $129 million1 in wagering on Churchill Downs races for Kentucky Derby Week, up $7 million or 6% from the prior record set in 2025. TwinSpires handled a new record of $89 million1 in wagering on the Kentucky Derby Day program, up 1% compared to last year’s record of $88 million1. TwinSpires’ handle on the Kentucky Derby race was $57 million1, flat to last year’s record.

The Company expects record-setting Adjusted EBITDA for Churchill Downs Racetrack on Derby Week with $15 to $18 million of Adjusted EBITDA growth compared to the prior year.

“We commend the connections of Golden Tempo on an exceptional victory in the 152nd running of the Kentucky Derby,” said Bill Carstanjen, CEO of CDI. “This year’s Kentucky Derby Week was a remarkable celebration of racing.” 

1TwinSpires Horse Racing handle includes all settled future wagers and excludes handle generated by Velocity and national affiliates.

About Churchill Downs Incorporated

Churchill Downs Incorporated (“CDI”) (Nasdaq: CHDN) has created extraordinary entertainment experiences for over 150 years, beginning with the company’s most iconic and enduring asset, the Kentucky Derby. Headquartered in Louisville, Kentucky, CDI has expanded through the acquisition, development, and operation of live and historical racing entertainment venues, the growth of the online wagering businesses, and the acquisition, development, and operation of regional casino gaming properties. https://www.churchilldownsincorporated.com/

Use of Non-GAAP Measures

In addition to the results provided in accordance with GAAP, the Company also uses non-GAAP measures, including adjusted net income, adjusted diluted EPS, EBITDA (earnings before interest, taxes, depreciation and amortization), and Adjusted EBITDA.

The Company uses non-GAAP measures as a key performance measure of the results of operations for purposes of evaluating performance internally. These measures facilitate comparison of operating performance between periods and help investors to better understand the operating results of the Company by excluding certain items that may not be indicative of the Company’s core business or operating results. The Company believes the use of these measures enables management and investors to evaluate and compare, from period to period, the Company’s operating performance in a meaningful and consistent manner. The non-GAAP measures are a supplemental measure of our performance that is not required by, or presented in accordance with, GAAP, and should not be considered as an alternative to, or more meaningful than, net income or diluted EPS (as determined in accordance with GAAP) as a measure of our operating results.

We use Adjusted EBITDA to evaluate segment performance, develop strategy, and allocate resources. We utilize the Adjusted EBITDA metric to provide a more accurate measure of our core operating results and enable management and investors to evaluate and compare from period to period our operating performance in a meaningful and consistent manner. Adjusted EBITDA should not be considered as an alternative to operating income as an indicator of performance, as an alternative to cash flows from operating activities as a measure of liquidity, or as an alternative to any other measure provided in accordance with GAAP. Our calculation of Adjusted EBITDA may be different from the calculation used by other companies and, therefore, comparability may be limited.

Adjusted net income and adjusted diluted EPS exclude discontinued operations net income or loss; net income or loss attributable to noncontrolling interests; transaction expense, which includes acquisition and disposition related charges, as well as legal, accounting, and other deal-related expense; pre-opening expense; and certain other gains, charges, recoveries, and expenses.

Adjusted EBITDA includes our portion of EBITDA from our equity investments and the portion of EBITDA attributable to noncontrolling interests.

Adjusted EBITDA excludes, as applicable in each period:

  • Transaction expense, net which includes:
    • Acquisition, disposition, and property sale related charges; and
    • Other transaction expense, including legal, accounting, and other deal-related expense;
  • Stock-based compensation expense;
  • Rivers Des Plaines’ impact on our investments in unconsolidated affiliates from legal reserves and transaction costs;
  • Asset impairments, net;
  • Gain on property sales;
  • Legal reserves;
  • Pre-opening expense; and
  • Other charges, recoveries, and expenses.

This news release contains various “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are typically identified by the use of terms such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “predict,” “project,” “seek,” “should,” “will,” “scheduled,” and similar words or similar expressions (or negative versions of such words or expressions), although some forward-looking statements are expressed differently.

Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. Important factors, that could cause actual results to differ materially from expectations include the following: the occurrence of extraordinary events, such as terrorist attacks, public health threats, civil unrest, and inclement weather, including as a result of climate change; the effect of economic conditions on our consumers’ confidence and discretionary spending or our access to credit, including the impact of inflation; changes in, or new interpretations of, applicable tax laws or rulings that could result in additional tax liabilities; the impact of any pandemics, epidemics, or outbreaks of infectious diseases, and related economic matters on our results of operations, financial conditions and prospects; lack of confidence in the integrity of our core businesses or any deterioration in our reputation; negative shifts in public opinion regarding gambling that could result in increased regulation of, or new restrictions on, the gaming industry; loss of key or highly skilled personnel, as well as general disruptions in the general labor market; the impact of significant competition, and the expectation that competition levels will increase; changes in consumer preferences, attendance, wagering, and sponsorships; risks associated with equity investments, strategic alliances and other third-party agreements; inability to respond to rapid technological changes in a timely manner; concentration and evolution of slot machine and historical racing machine (“HRM”) manufacturing and other technology conditions that could impose additional costs; failure to enter into or maintain agreements with industry constituents, including horsemen and other racetracks; cybersecurity risk, including cybersecurity breaches, or loss or misuse of our confidential information as a result of a breach including customers’ personal information, or IT system operational disruptions, could lead to government enforcement actions or other litigation; costs of compliance with increasingly complex laws and regulations regarding data privacy and protection of personal information; reliance on our technology services and catastrophic events, system failures, errors or defects disrupting our operations; inability to identify, complete, or fully realize the benefits of our proposed acquisitions, divestitures, development of new venues or the expansion of existing facilities on time, on budget, or as planned; difficulty in integrating recent or future acquisitions into our operations; cost overruns and other uncertainties associated with the development of new venues and the expansion of existing facilities; general risks related to real estate ownership and significant expenditures, including risks related to environmental liabilities; personal injury litigation related to injuries occurring at our racetracks; compliance with the Foreign Corrupt Practices Act or other similar laws and regulations, or applicable anti-money laundering regulations; payment-related risks, such as risk associated with fraudulent credit card or debit card use; work stoppages and labor problems; risks related to pending or future legal proceedings and other actions; highly regulated operations and changes in the regulatory environment could adversely affect our business; restrictions in our debt facilities limiting our flexibility to operate our business; failure to comply with the financial ratios and other covenants in our debt facilities and other indebtedness; increases to interest rates, disruption in the credit markets or changes to our credit ratings may adversely affect our business; increase in our insurance costs, or inability to obtain similar insurance coverage in the future, and any inability to recover under our insurance policies for damages sustained at our properties in the event of inclement weather and casualty events; and other factors described under the heading “Risk Factors” in our most recent Annual Report on Form 10-K and in other filings we make with the Securities and Exchange Commission.

We do not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Investor Contact: Sam Ullrich
(502) 638-3906
[email protected]

Media Contact: Breck Thomas-Ross
(502) 636-4506
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7a6549da-9e14-4298-a915-2f19d704baa4



Posted on

Ten-Year Pivotal Data Demonstrate Long-Term Durability of Edwards Lifesciences’ Resilia Tissue

Ten-Year Pivotal Data Demonstrate Long-Term Durability of Edwards Lifesciences’ Resilia Tissue

CHICAGO–(BUSINESS WIRE)–
Edwards Lifesciences (NYSE: EW) today announced 10-year results from the COMMENCE aortic trial, reinforcing the long-term durability and sustained performance of its proprietary RESILIA tissue. The data were presented at the 106th American Association for Thoracic Surgery Annual Meeting.

As evidence increasingly supports treating patients earlier in the valve disease pathway, the need for durable valve solutions continues to grow. The COMMENCE trial provides prospective, 10-year data demonstrating the durability of Edwards’ RESILIA tissue and its role in lifetime management for patients with aortic stenosis. To date, more than 500,000 patients worldwide have been treated with Edwards’ surgical and transcatheter innovations featuring RESILIA tissue.

At 10 years, COMMENCE trial data showed that patients treated with Edwards’ surgical valves featuring RESILIA tissue experienced:

  • 97.9% freedom from structural valve deterioration (SVD)

  • 97.8% freedom from reoperation due to SVD

  • 98.6% freedom from non-structural valve dysfunction (other than PVL)

  • Sustained hemodynamic performance, including stable gradients and effective orifice area over time

For patients, long-term durability matters because it can reduce the likelihood of repeat procedures over a lifetime, helping preserve quality of life as life expectancy increases.

“These 10-year data from the COMMENCE trial suggest this tissue technology has the potential to change the way we think about durability in biological valves, including in younger patients,” said Lars G. Svensson, MD, PhD, chief of the Sydell and Arnold Miller Family Heart, Vascular & Thoracic Institute and professor of surgery at Cleveland Clinic. “What is striking is the low rate of structural valve deterioration and need for reoperation, even though the trial enrolled younger patients who historically face higher risks of valve deterioration, underscoring the importance of long-term evidence when physicians are making treatment decisions with their patients.”

For nearly 70 years, Edwards has led structural heart innovation, advancing evidence generation that has helped set the standard for evaluating valve performance, durability and treatment options in severe aortic stenosis. The COMMENCE trial builds on the totality of Edwards’ clinical evidence, reinforcing the durability of outcomes supporting its surgical and transcatheter therapies, including large, randomized, FDA-approved studies such as the PARTNER series of trials.

The PARTNER trial series advanced the field with long-term patient outcomes on treatment with SAPIEN TAVR and SAVR, with 10 years of follow-up data. The new COMMENCE trial data build on that foundation with the latest evidence on the long-term durability of RESILIA tissue.

RESILIA tissue was designed to enhance the durability of tissue valves by helping resist calcification, a leading cause of valve failure over time. The technology combines advanced calcium blocking processes with dry storage to support long-term valve performance.

“As patients live longer and expect to remain active, structural heart therapies must be designed with lifetime care in mind,” said Bernard Zovighian, Edwards’ CEO. “The COMMENCE 10-year study is the latest addition to our breadth of long-term data reflecting our commitment to advancing durable valve technologies through continuous evidence development, so Heart Teams and patients can make informed decisions over time.”

The COMMENCE aortic trial is an FDA-approved, pivotal, prospective, multicenter clinical study designed to evaluate the safety and effectiveness of a bioprosthetic valve with RESILIA tissue used in SAVR, with follow-up through 10 years. Safety endpoints were defined according to established guidelines and independently adjudicated.

About Edwards Lifesciences

Edwards Lifesciences is the leading global structural heart innovation company, driven by a passion to improve patient lives. Through breakthrough technologies, world-class evidence and partnerships with clinicians and healthcare stakeholders, our employees are inspired by our patient-focused culture to deliver life-changing innovations to those who need them most. Discover more at www.edwards.com and follow us on LinkedIn, Facebook, Instagram and YouTube.

This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include, but are not limited to, statements made by Mr. Zovighian and statements regarding expected long-term durability and sustained performance, reduction of the likelihood of repeat procedures, therapies helping to preserve quality of life, outcomes of the surgical and transcatheter therapies, expectations for remaining active, and other statements that are not historical facts. Forward-looking statements are based on estimates and assumptions made by management of the company and are believed to be reasonable, though they are inherently uncertain and difficult to predict. Our forward-looking statements speak only as of the date on which they are made, and we do not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of the statement. Investors are cautioned not to unduly rely on such forward-looking statements.

Forward-looking statements involve risks and uncertainties that could cause results to differ materially from those expressed or implied by the forward-looking statements based on a number of factors as detailed in the company’s filings with the Securities and Exchange Commission. These filings, along with important safety information about our products, may be found at Edwards.com.

Edwards, Edwards Lifesciences, the stylized E logo, COMMENCE, PARTNER, RESILIA, and SAPIEN are trademarks of Edwards Lifesciences Corporation or its affiliates. All other trademarks are the property of their respective owners.

Media: Maureen Ranney, [email protected]

Investors: Gerianne Sarte, [email protected]

KEYWORDS: Illinois United States North America

INDUSTRY KEYWORDS: Medical Devices Surgery FDA Clinical Trials Cardiology Biotechnology General Health Pharmaceutical Health Oncology

MEDIA:

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Posted on

Laird Superfood to Report First Quarter 2026 Financial Results on May 14, 2026

Laird Superfood to Report First Quarter 2026 Financial Results on May 14, 2026

BOULDER, Colo.–(BUSINESS WIRE)–
Laird Superfood, Inc. (NYSE American: LSF) will report financial results for the first quarter ended March 31, 2026 on Thursday, May 14, 2026 after market close. Management will host a webcast at 5:00 p.m. ET on the same day to discuss the results.

Participants may access the live webcast on the Laird Superfood Investor Relations website at https://investors.lairdsuperfood.com/ under “Events.”

About Laird Superfood (NYSE American: LSF)

Laird Superfood, Inc. creates award-winning, plant-based superfood products that are both delicious and functional. The Company’s products are designed to enhance your daily ritual and keep consumers fueled naturally throughout the day. The Company was co-founded in 2015 by the world’s most prolific big-wave surfer, Laird Hamilton. Laird Superfood’s offerings are environmentally conscientious, responsibly tested and made with real ingredients. Shop all products online at lairdsuperfood.com and join the Laird Superfood community on social media for the latest news and daily doses of inspiration.

Laird Superfood, Inc.

[email protected]

KEYWORDS: Colorado United States North America

INDUSTRY KEYWORDS: Retail General Health Health Food/Beverage

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