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Coty Shares Surge 11% on Speculation of Strategic Breakup
Shares of Coty Inc. $COTY jumped 11% following a report by WWD suggesting that the global beauty company is exploring a potential strategic sale, possibly involving the separation of its luxury and consumer beauty divisions. The discussions are reportedly in the early stages, with multiple industry sources confirming that Coty is weighing such a move. The sharp rise in the stock reflects investor optimism about the potential value unlocked through a restructuring or sale, particularly given Coty's diverse brand portfolio and expansive global distribution network.
Metaplanet Expands Bitcoin Holdings with $210M Bond Issuance
Metaplanet Inc. $3350.T has issued bonds worth ¥33 billion ($210 million) to strengthen its Bitcoin $BTCUSD acquisition program. The Tokyo-based firm is doubling down on digital assets amid structural shifts in corporate treasury models. This move continues the accumulation strategy launched in April 2024, signaling an institutional shift toward crypto-native asset allocation. The market responded swiftly: shares of Metaplanet rose 17% after the announcement. Since January, its stock has surged over 408%, driven largely by investor anticipation of further BTC-related developments.
Alibaba Unveils Qwen3 AI Models Optimized for Apple Devices Using MLX Architecture
Alibaba Group Holding Ltd. $9988.HK has unveiled a new family of artificial intelligence (AI) models — Qwen3 — built to operate natively on Apple Inc.’s $AAPL MLX architecture, significantly expanding the Chinese tech giant’s international AI footprint. According to a corporate statement published on Monday, the Qwen3 models are now optimized for execution across Apple devices, including iPhones, iPads, MacBooks, and Macs, making this move one of Alibaba's most direct engagements with Western hardware ecosystems to date.
The strong demand from non-institutional investors reflects growing confidence in the solar sector.
It's impressive to see such enthusiasm from non-institutional investors in Oswal Pumps' IPO.
Strategic investments like these reflect growing confidence in automation as a core driver of innovation