Here’s a look at some of the companies the Yahoo Finance team will be watching for you.
The battle for Qualcomm (QCOM) isn’t over yet. Former Chairman Paul Jacobs wants to take the semiconductor private. He’s building a team of investment firms to make an offer for the company he once ran and that was co-founded by his father. Sources think a deal is highly unlikely, but if approved, it would be one of the largest in tech history. Just days ago, President Trump shot down Broadcom’s (AVGO) unsolicited bid for Qualcomm.
Shares of Adobe (ADBE) are looking pretty this morning. The Photoshop maker posted a beat on profit and revenue for its first quarter. The company’s CEO credits higher subscription fees and increased use of its entire Creative Cloud Suite for the boost.
Casino mogul Steve Wynn may be cashing in his chips. According to a new regulatory filing, Wynn and his ex-wife, who have a combined 21% stake in his casino business (WYNN), are now free to sell all of their shares. Previously, the two were barred from selling more than a third of their stock on the open market in any given quarter. Last month, Wynn resigned following claims of sexual harassment.
Uber is talking to Toyota (TM) about installing its self-driving tech into the Japanese automaker’s vehicles. The Nikkei reports Uber CEO Dara Khosrowshahi met with Toyota about using Uber’s automated driving technology in one of its minivans. Uber has previously worked with Volvo and Daimler Chrysler on autonomous driving projects.
Another celebrity hit on Snapchat (SNAP) is moving the stock lower. This time pop star Rihanna is telling fans to delete Snapchat after the app ran an ad mocking her 2009 assault by then boyfriend Chris Brown. Rihanna’s words shaved a billion dollars off Snap’s market cap. Back in February, Kylie Jenner tweeted her dislike for Snapchat’s new update, effectively wiping out $1.3 billion dollars in stock value.