NewGen Enters Into an Innovative Digital Assets Purchase Agreement with White Lion to Acquire up to 600,000 Solana Tokens Valued at Over $110 Million

NewGenIvf Group (NIVF) said it agreed to buy an additional 3% equity stake in K25.ai for $250 million, raising its total ownership to 13%. The deal is expected to issue about 2.5 million Class A ordinary shares. NIVF was indicated at $1.07 in pre-market, down 4.46% on Nasdaq.

BofA Securities raised GitLab's price target to $54 from $45, keeping a neutral rating. Morgan Stanley also increased its target to $57 from $30, maintaining an equal weight rating. GitLab's stock is currently trading at $45.09, down 3.12% on the day.

Bank of America downgraded Amrize to Underperform, cutting its price target to $40 from $50 due to slower earnings growth, market risks, and valuation concerns. The brokerage lowered its 2027-28 adjusted EBITDA and EPS estimates, citing stable U.S. cement prices, Canadian demand pressure from U.S. tariffs, and vulnerable roofing margins. BofA forecasts adjusted EBITDA growth of 3% and adjusted EPS growth of 6% annually over 2026-28, excluding large acquisitions. The bank also trimmed its buildin

J.P. Morgan downgraded NIO (NIO) to Neutral, cutting its price target to $4.50 from $7.00 due to weak demand in China's passenger-vehicle market and intensifying competition. The brokerage cited cost pressures and moderating growth, forecasting lower revenue and earnings. NIO's Q2 vehicle gross margin was 18.5%, but further pressure is expected. J.P. Morgan prefers BYD and Geely among Chinese automakers.

PG&E Corporation (PCG) announced a strategic review to evaluate its structure and financing options, aiming to reduce costs and attract investment. The company plans to defer $2 billion of 2027 investments, reducing debt financing needs. PG&E reaffirmed its 2026 earnings guidance of $1.64-$1.66 per share and initiated 2027 guidance of $1.78-$1.82 per share. The review seeks to maintain safety, improve affordability, and strengthen reliability.

Piper Sandler raised its Robinhood (HOOD) price target to $145, citing prediction market growth. HOOD stock fell 1.3% in premarket trading, despite a 20% monthly gain. Morgan Stanley also upgraded HOOD to Overweight with a $150 target. Broader crypto market caution may be weighing on the stock.