People Incorporated (PPLI) News & EventsPPLIPeople Incorporated

Company Reports Q2 Revenue of $436.7M, Exceeds Consensus

Reports Q2 revenue $436.7M, consensus $433.29M.

Major Averages Decline Amid Rising Geopolitical Tensions

The major averages were broadly lower as rising geopolitical tensions and another bout of semiconductor selling weigh on risk sentiment. President Donald Trump said he was reinstating a blockade on Iranian shipping through the Strait of Hormuz, even going so far in a social media post as to call the U.S. the "Guardian of the Hormuz Strait." Oil prices surged after the news, reviving concerns that higher energy costs could complicate the inflation outlook.Meanwhile, this week marks the unofficial start of second-quarter earnings season, with major U.S. banks set to report over the next several days. Investors also have an eye on upcoming June CPI and retail sales data, along with congressional testimony from Federal Reserve Chair Kevin Warsh.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Appleis suing OpenAI, accusing the ChatGPT maker and its hardware chief Tang Tan of engaging in a coordinated effort to steal secret trade information about upcoming products,MGM Resortshas been in talks over a potential deal with Barry Diller's People Incorporatedafter the media mogul offered to acquire the casino giant,Williamsin its Power Innovation joint venture from BlackstoneFirst HawaiianTriCo Bancsharesin an all-stock transactionShellSprng Energy to Aditya Birla Renewables for $1.8B2. WALL STREET CALLS:Shopifyto Buy from Hold at JefferiesBofAPapa John'sto Underperform, says management turnover raises uncertaintyAmerican Expressto Overweight from Neutral at JPMorganTravelersto Sell from Hold at TD CowenDeckers Outdoorto Buy from Hold at Jefferies3. AROUND THE WEB:Multiple states, including California, are expected to file suit today to challenge the Paramountand Warner Bros.deal, sources told CNBC's David FaberGoogleis expanding sales of its AI TPUs to external cloud providers as a lower-cost, more reliable alternative to NvidiaGPUs, intensifying competition even as Nvidia remains the dominant supplier of AI infrastructure, Information reportsDisney'slive-action "Moana" was set to collect $43M at the domestic box office from Thursday to Sunday, but originally the company had been aiming for $60M or more, NY Times reportsAT&Twill pay $184.1M to settle a lawsuit accusing the company of shortchanging 300,000 employees out of pension payments, Reuters reportsSK HynixCEO Kawk Noh-jung said he believes the global memory industry is heading into its "worst year" during its supply shortage in 2027, with the demand for memory continuing to exceed the company's ability to produce it, Reuters says4. MOVERS:Q32 Biohigher after reporting 36-week topline results from itsConmedgains afterthe company is weighing its options amid takeover interest from private equity firmsZoomInfoincreases afterOn Semifalls after TD Cowenon the stockIonis Pharmaceuticals (IONS) lower afterin its Phase 1-2 ASCEND study5. EARNINGS/GUIDANCE:Hillman Solutionsand backed its guidance for FY26LogProstyle, with EPS lower year-over-yearASMLon July 15TSMCon July 16JPMorgan Chaseon July 14INDEXES:Near midday, the Dow was down 0.20%, or 106.78, to 52,530.23, the Nasdaq was down 1.03%, or 270.88, to 26,010.73, and the S&P 500 was down 0.46%, or 34.47, to 7,540.92.

MGM Resorts in Talks for Acquisition with Barry Diller's People Incorporated

Catch up on the weekend's top five stories with this list compiled by The Fly: 1) MGM Resorts (MGM) has been in talks over a potential deal with Barry Diller's People Incorporated (PPLI) after the media mogul offered to acquire the casino giant, the Wall Street Journal's Jessica Toonkel and Lauren Thomas report, citing people familiar with the matter. MGM established a special board committee and lined up advisers to help evaluate the acquisition offer, the authors say, noting that MGM believes Diller's offer undervalues the company. 2) Eisai (ESAIY) and Biogen (BIIB) announced that new data presented at the Alzheimer's Association International Conference, AAIC, 2026 in London support that the LEQEMBI subcutaneous autoinjector, SC-AI, formulation offers efficacy and safety comparable to intravenous administration for people with early Alzheimer's disease. The data was featured during the "Lecanemab Subcutaneous Formulation in Early Alzheimer's Disease: Emerging Clinical Evidence and Practical Use Considerations" Developing Topics Session. 3) The office of Oregon's attorney general said it has withdrawn its court motion to delay Paramount's (PSKY) proposed acquisition of Warner Bros. (WBD), Reuters reports. In a statement to Reuters, Oregon Department of Justice said, "Paramount made it clear that they weren't going to comply with the investigative demand, and that they think they're above the law. We're not going to let them waste Oregonians' resources on these games... We've withdrawn the motion to consider our next steps." 4) Volkswagen (VWAGY) CEO Oliver Blume is facing issues with its overhaul after failing to win initial backing from the supervisory board, Christoph Rauwald of Bloomberg reports. Blume's plans for additional job cuts, plant closures in Germany, and a possible carve-out of the VW brand was rejected by 12 of the 19 supervisory board members. Without the board's support, the prospects for this restructuring plan are uncertain. 5) Meta's (META) new AI detection tool Muse Image has failed to identify some of its own AI-generated images after they were cropped, Hardik Vyas and Seana Davis of Reuters reports, citing an analysis by the journal.