Toro Corp. Announces the Sale of the LPG Carrier Dream Terrax

Robin Energy Ltd. (NASDAQ:RBNE) shares dropped 42.6% after the company announced a discounted underwritten public stock offering priced at $4.00 per share. It plans to sell 750,000 shares for about $3.0 million gross proceeds, with a 45-day option for up to 54,380 more shares. Net proceeds will fund working capital and general corporate purposes.

Robin Energy Ltd. (NASDAQ:RBNE) shares fell after hours after the company filed a preliminary prospectus for a proposed public offering of common shares. RBNE closed up 27.35% at $5.68, then dropped 28.49% to $4.06. The company did not state share count or price, and said proceeds would fund capex, working capital, and vessel-related uses.

Volkswagen appointed Marco Schubert as North America chief, replacing Kjell Gruner. Schubert will join the Extended Executive Committee on Oct. 1. The move follows declining U.S. sales, down 13.6% in 2025 and 7.4% in H1 2026. Schubert has 25+ years of experience at Volkswagen Group, including roles at Audi, Skoda, and Porsche.

Merck (MRK) stock has surged 84% in the past year, outperforming peers, despite its revenue growth and profitability lagging. The market is betting on its pipeline, valued at over $70B, to offset Keytruda's patent expiration. LIPFENDRA's launch and sales will be key indicators of Merck's ability to deliver on its future prospects.

Walmart and Inspire Brands (Dunkin's parent) announced a deal to offer Dunkin' items for delivery alongside Walmart orders. The service will initially launch at 150 Dunkin' locations inside Walmart stores, expanding to most of Dunkin's 10,000 U.S. locations. Walmart's delivery network, which grew 48% last quarter, will facilitate the service. According to Walmart, 90% of the U.S. population lives within 10 miles of a Walmart store.

Shore Capital reiterated a 'sell' rating on HSBC (HSBA, HSBC), citing a high valuation and a 1,335p target price, implying 13% downside. HSBC management reported strong trading across most businesses, healthy wealth client acquisition, and growing fee income. However, Shore Capital warned of potential future profitability challenges and an optimal but unsustainable interest rate environment.