CALLAN JMB INC. (CJMB): Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

Callan JMB Inc. (NASDAQ:CJMB) shares rose about 49.8% to $1.29 after hours after the company said it signed a strategic partnership with Alabama State University to build an integrated pharmaceutical manufacturing ecosystem. Callan will provide logistics and regulatory support and receive 21% of qualifying gross revenue. Management projected annual gross revenues near $500 million, about $105 million for the company. The stock also faces a Nasdaq $1 bid compliance deadline.

Venezuela's oil production is increasing, with Chevron and NABEP (backed by the US) investing billions. Despite selling more oil to the US, Venezuela faces cash shortages due to US-controlled accounts. Oil sales to the US have grown sharply, while China's purchases have become harder. Venezuela's inflation is easing but remains high, and the country lacks physical cash.

Volkswagen plans to cut 100,000 jobs globally by 2030, its largest restructuring. The company, with 650,000 employees, reassured commitment to its Chattanooga plant, exploring new products. Sales of Atlas SUVs increased in 2026, while ID.4 EV production ended. The plan focuses on profitable segments in North America, with leadership changes announced.

Adobe Inc. (ADBE) shares fell 6.5% after announcing Anil Chakravarthy as its next CEO, replacing Shantanu Narayen. David Wadhwani, head of Adobe's creative business, will depart. The transition occurs amid AI-driven challenges and competition. Jefferies analysts had expected Wadhwani as the likely CEO successor. Adobe's Q3 earnings report is due September 10.

Americold Realty Trust (COLD) raised $1.1B by contributing 12 warehouses to a joint venture with EQT, retaining 30%. The funds will repay debt, reducing annual interest expense by $46M. The deal lowers leverage but cuts 70% of equity cash flow from the warehouses.

The Trade Desk (TTD) cut 15% of its workforce, affecting over 500 employees. The move follows disappointing earnings, with revenue up 3% YoY but missing estimates. TTD has $1.5B cash and no debt. CEO Jeff Green emphasized focus on growth and AI. New Street Research lowered its target to $10. Former employees shared reactions on LinkedIn. The SEC charged a former executive with insider trading.