Lead Real Estate Co., Ltd Announces the Sale of a Planned Hotel, ENT TERRACE TSUKIJI 6 CHOME, Where the Urban Development Project of the Decade in Tokyo is Taking Place

Lancashire Holdings reported 1H26 earnings 14% below market expectations, citing weaker underwriting performance and reserve top-ups tied to the 2024 Baltimore Bridge collapse. Its undiscounted combined ratio was 90.8% and discounted 80.7%, both missing estimates. Gross premium written was $1.32B, profit after tax $142M, and EPS 56 cents. Dividend was 7.5 cents; guidance for high-teens ROE maintained.

Lead Real Estate Co. (Nasdaq: LRE) introduced the JINRYU HOTEL long-stay hospitality brand for travelers near Japan’s cultural and religious sites. The first property, JINRYU HOTEL ISE, opened in March 2026 in Ise, Mie, a two-minute walk from Kintetsu Ujiyamada Station. The four-room boutique guesthouse has suites with at least 60 sq. m., designed for six-plus guests.

Rivian (RIVN) shares fell 6.3% after CFO Claire McDonough announced her departure in October 2026 to pursue another opportunity. Derek Mulvey will serve as interim CFO. The stock is down 18.8% YTD and 29.8% below its 52-week high.

Billionaire Ernesto Bertarelli indirectly purchased 8.8 million shares of Madison Air Solutions (MAIR) at $24.97 per share, totaling $219 million. The acquisition was made through K.C. Armada, LP, bringing his indirect ownership to 11% of the company. MAIR's stock closed at $28.51, a 14% premium over the purchase price. The company has a market cap of $14.3 billion and expects 18% revenue growth this fiscal year.

Moody's upgraded Seagate Data's corporate family rating to Ba1 from Ba2, citing AI-driven demand for high-capacity HDDs. The agency expects revenues to grow over 30% annually, reaching $20B, and debt to EBITDA to fall below 0.5x. Seagate faces risks from revenue concentration and pricing pressures. The company had $1.7B in cash and access to a $1.3B credit facility as of July 2026.

Fitch upgraded Garrett Motion's (GTX) long-term rating to 'BB+' from 'BB' due to improved leverage, forecasting 2.0x EBITDA leverage by 2026. The company's Q2 2026 EBIT margin was 15.6%, up 200 bps YoY, with strong profitability expected through 2029. Garrett has $177M cash and a $630M untapped credit facility.