Impact BioMedical Announces Reverse Stock Split To Advance Merger With Zoar Ltd.

Oracle increased restructuring costs by $700 million, totaling $2.8 billion for fiscal 2026, due to layoffs and facility closures. The company reduced its workforce by 21,000 employees and invested heavily in AI and cloud infrastructure, reporting negative free cash flow of $5.4 billion. Contracted revenue backlog rose to $664 billion, with half expected to convert to sales in the next three years.

The Elmet Group (ELMT) will use a $450M DoW investment to expand its tungsten supply chain, including U.S. manufacturing and global partnerships. Plans include upgrading facilities, restarting the Springer Tungsten Complex, and forming joint ventures to secure critical materials for defense and industrial markets. ELMT aims to strengthen supply chain resiliency and support the U.S. National Defense Stockpile.

Oracle (ORCL) announced an additional $700M restructuring charge, potentially impacting shares. Blue Owl (OWL) underperformed, losing 10.81%, amid loan write-down concerns. Apollo (APO) is in talks to acquire J&J's (JNJ) orthopedics unit, while Stryker (SYK) and Medtronic (MDT) show mixed performance.

Scotiabank (BNS) is committing over $100 billion to finance Canadian business expansion, focusing on sectors like clean energy, tech, and defence. It also launched the Scotia Growth Institute, led by former ambassador Kirsten Hillman, to assess Canada's competitiveness. The bank aims to address labour shortages with a $50-million skills program. Scotiabank's move follows OSFI's capital buffer reduction, freeing up lending capacity. Other Canadian banks, like RBC and BMO, are also increasing dome

Colgate-Palmolive (CL) is exploring the sale of several personal care brands, including Softsoap, Irish Spring, and Speed Stick, according to sources. The company is working with Goldman Sachs on the potential divestiture, which could fetch over $1 billion. Colgate's stock is up 11% year-to-date, with net sales rising 4.9% in its most recent quarter. The personal care unit accounts for 17% of net sales, and the company faces intensifying competition in North America.

SFL Corp extended charters for six container vessels with Hapag-Lloyd AG for seven years, adding $750 million to its fixed-rate charter backlog. The vessels, with a capacity of 15,400 TEU, will have firm-rate charters until 2035 and 2036, bringing the total backlog to $4.6 billion. The company expects this to support earnings and long-term profit distribution to shareholders.