Top Midday Stories: Oracle's Data Center Delay; People Withdraws MGM Offer; Revvity's New Diabetes Test

MT newswire2026/09/24 16:06

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12:06 PM EDT, 09/24/2026 (MT Newswires) -- All three major US stock indexes fell in late-morning trading Thursday amid uncertainty in the Middle East and upcoming Trump-Xi talks. In company news, Oracle (ORCL) issued a force majeure notice to Project Jupiter's developer, a unit of Blue Owl Capital (OWL), seeking to defer payments if its planned New Mexico data center is delayed and fails to come online in 2028 as planned, Bloomberg reported. Shares of Oracle were down 4.5% in the session. MGM Resorts International's (MGM) shares fell past 10% after People (PPLI) dropped its offer to acquire the casino operator. People Chairman Barry Diller said the group no longer believed the conditions for a take-private deal were coming together as hoped. BlackBerry (BB) reported fiscal Q2 adjusted earnings of $0.07 per share, up from $0.04 a year earlier. Revenue stood at $163.3 million, up from $129.6 million a year earlier. The company also lifted its fiscal 2027 outlook. Shares slipped 4.7%. Gen Digital (GEN) has made an initial takeover approach for GoDaddy (GDDY) as it seeks to expand beyond cybersecurity and privacy technology, the Financial Times reported. Gen Digital was down 8.1% while GoDaddy rose 2.8% in the session. Paramount Skydance (PSKY) said it launched syndication for a proposed $7.5 billion senior secured incremental tranche of term B loans, subject to market conditions. Net proceeds from these borrowings would help fund its proposed acquisition of Warner Bros. Discovery (WBD) and repay certain debt. Paramount Skydance's stock was up 1.9%. Revvity (RVTY) shares rose 2.2% after the company launched its GSP T1D 3plex kit, a fully automated test that helps identify children at risk of developing type 1 diabetes before symptoms appear. IBM (IBM) said it acquired UK cybersecurity consultancy Logiq Consulting. Financial terms were not disclosed. Shares were down 2.5% in the session. Price: 138.02, Change: -6.54, Percent Change: -4.52

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On October 9, Morningstar predicted that the revenue of Australian oil and gas producer Woodside Energy (WDS.AX) will grow by over 30% by 2030, outpacing any of its international peers. Woodside Energy’s share price dropped by 0.6% on the day to 32.12 AUD, after surging 2.6% in the previous trading session. The stock is poised to end a three-week losing streak, with oil prices rising due to escalating tensions in the Middle East, and is set for a 2.8% weekly gain O/R. Morningstar expects Woodside’s revenue to increase as major new projects come online, and forecasts free cash flow to exceed 7 billion USD after 2030, reflecting a 300% rise from 2025. The report added that market sentiment remains bearish, with the current share price below its estimated fair value of 44.00 AUD. Year-to-date, Woodside’s share price has risen 36.2%, while Santos shares are up 41.3%. (For the convenience of non-English speakers, Reuters has automated the translation of its reports into several languages. Since automated translations may be inaccurate or lack required context, Reuters does not guarantee the accuracy of automated translation texts and provides them solely for the convenience of readers. Reuters accepts no liability for any loss or damage arising from your use of automated translation functions.)

路透社•2026/10/09 02:16