Scienjoy Holding Corporation to Acquire 29.9% Stake in Chinese Higher Education Service Provider Leader Education Limited

Stella-Jones (TSX:SJ) shares fell about 25% from roughly $100 earlier this year to around $75 after its latest quarterly results disappointed investors, according to the article. Net income dropped to $60 million ($1.10/share) from $1.67/share a year earlier, while revenue rose from $773 million to $791 million. The article attributes the profit decline to lower gross margin (21.7% to 19.6%) from product mix, pricing pressure, and higher input costs.

US energy firms Chevron, GE Vernova, and ENI signed multibillion-dollar deals with Venezuela, granting them greater stakes in oil fields. Chevron's deal is valued at $7B, with Venezuela expecting $209B in profit over 25 years. The deals aim to boost oil production to 2M barrels/day by 2030, doubling January's output. Critics question Venezuela's sovereignty and the role of a businessman linked to corruption.

GoPro, Inc. (GPRO) is being acquired by Starman Optical in a $285 million all-cash deal, valuing GoPro at $1.14 per share, a 29.5% premium. The transaction will repay GoPro's debt, potentially easing financial pressures. However, GoPro faces declining revenue, strong competition, and doubts about its ability to continue operating. Starman aims to leverage GoPro's patents for AI infrastructure and defense markets.

Shell SHEL.L will acquire a 30% stake in BP's BP Conifer prospect in the Gulf of Mexico and a 50% stake in the Tupinamba block in Brazil. BP will retain majority stakes and remain the operator. Both companies are focusing on long-term oil and gas growth.

ArcelorMittal (MT) abandoned its planned takeover of the remaining 51% of its joint venture with Italian auto-parts manufacturer CLN due to restrictive conditions imposed by the Italian government. The conditions included government approval for workforce reductions and maintaining operations for five years. Italian steelmaker Acciaieria Arvedi subsequently made a binding proposal for the JV. The decision allows ArcelorMittal to avoid operational and restructuring challenges, reinforcing its foc

Ares Management (ARES) and The Scion Group acquired four U.S. student housing communities for $435M, adding 2,316 beds near major universities. This follows a $910M acquisition in May 2026. The properties are in markets where Scion operates, aiming for efficient integration. Ares targets resilient student housing demand, which is less sensitive to economic cycles. The partnership now operates nearly 117,000 beds across 187 communities. The total 2026 investments in student housing amount to $1.3