Analyst recommendations: Casey's General Stores, Chewy, Meta Platforms, United Rentals

Microsoft and Meta have reduced their internal use and spending on Anthropic's Claude model. Microsoft cut its projected annual spending by over one-third, down from over $1 billion, and shifted focus to Microsoft-backed options. Meta reduced active users of Claude Code from 60,000 to 30,000 but still spent over $105 million in a recent 28-day period. According to Anthropic, two customers generate a quarter of its revenue.

Uber (UBER) agreed to acquire ezCater for $2.3B in cash, expanding Uber Eats into workplace catering. EzCater generated $2.5B in gross bookings over the past year. The deal is subject to regulatory approvals and expected to close in coming months, according to media reports.

Uber agreed to buy privately held ezCater for $2.3B in cash, aiming to expand its food delivery business. ezCater operates a marketplace for corporate food orders, with over 140,000 restaurants. Uber's food delivery unit accounts for nearly half of total gross bookings and is growing faster than its ride-hailing business.

Mark Cuban alleges Meta (META) knowingly runs AI deepfake scam ads, including those using his likeness. Meta documents suggest $16B in 2024 revenue may be linked to scams. Meta disputes these claims, citing reduced user complaints and increased ad removals. Older adults are disproportionately affected by these scams, with significant financial losses reported.

BTIG maintained a Buy rating and $100 price target for Uber (UBER) after its acquisition announcements. Uber plans to buy remaining Delivery Hero shares and ezCater, with BTIG estimating $13B in spending. The deals are expected to boost bookings and revenue, with pro forma 2027 estimates at $341B and $87B respectively. Wells Fargo and Bernstein also raised their price targets, citing growth and AV deployment plans.

Uber agreed to acquire ezCater for $2.3B in cash. The deal combines ezCater's catering expertise with Uber Eats' network, aiming to expand reach and improve margins. Restaurants express concerns about commissions, customer loyalty, and service quality. The transaction is subject to regulatory approvals and expected to close in coming months.