Morgan Stanley Lowers AmEx (AXP) PT; Reuters Reports Push into AI Expense Management
Morgan Stanley lowered its price target for American Express (AXP) to $385 from $395 due to higher macro uncertainty ahead of Q1 earnings, while maintaining an Equal Weight rating. Concurrently, Reuters reported that American Express plans to acquire Hyper, an AI-focused expense management startup, signaling a strategic push into AI for automating financial tasks. This acquisition aligns with AmEx CEO Stephen Squeri's view on AI creating a "structural shift" in business operations and aims to expand automation tools for commercial clients.
Khloé Kardashian Introduces It’s a 10 Haircare Rebrand at Ulta Beauty World
Khloé Kardashian has been announced as the Global Brand Ambassador for It's a 10 Haircare, unveiling the brand's new visual rebrand and "Salon-Level Reinvention, At Home" campaign at Ulta Beauty World. The event, held in Orlando, Florida, also celebrated the brand's 20th anniversary and showcased Khloé promoting the upcoming exclusive summer 2026 launch at Ulta Beauty.
Wells Fargo, Evercore ISI Trim Extra Space Storage (EXR) Targets Ahead of Q1
Wells Fargo and Evercore ISI have both trimmed their price targets for Extra Space Storage (NYSE: EXR) ahead of the Q1 earnings report. Wells Fargo lowered its target to $148 from $150 while maintaining an Overweight rating, expressing caution about storage REITs and watching for inflation and interest rate impacts. Evercore ISI adjusted its target to $149 from $150, keeping an In Line rating, as part of its Q1 storage REIT preview.
Abbott Reaches Preliminary Settlement in Derivative Governance Case
Abbott Laboratories has reached a preliminary settlement in shareholder derivative lawsuits related to its U.S. infant formula business, alleging inadequate oversight and misleading disclosures. The proposed settlement, preliminarily approved by a U.S. court on April 10, 2026, involves governance reforms and strengthens internal reporting. If finalized, all related claims will be dismissed with prejudice, and Abbott may pay up to $15.85 million in legal fees.
Brookfield Asset Management Completes $1 Billion Senior Notes Offering
Brookfield Asset Management Ltd. successfully completed a US$1 billion senior notes offering, issuing notes due in 2031 and 2036 with semiannual interest payments. This offering provides long-dated, structured funding, enhancing the company's balance sheet flexibility and supporting its long-term asset management strategy. Spark, TipRanks' AI Analyst, rates BAM as "Outperform" due to strong financial performance and a positive earnings outlook, despite valuation concerns.
Executive pay and board elections at Beam Therapeutics (NASDAQ: BEAM) 2026 virtual meeting
Beam Therapeutics (NASDAQ: BEAM) is holding its 2026 annual virtual shareholder meeting on June 3, 2026, where stockholders will vote on electing three Class III directors, ratifying Deloitte & Touche LLP as the independent auditor, and providing an advisory vote on named executive officer (NEO) compensation. In 2025, CEO John Evans received $5.8 million in total compensation, with executive bonuses funded at 135% of target due to strong clinical and financial milestones. The company's compensation program emphasizes performance-based incentives and long-term equity to align executive and shareholder interests.
Evercore ISI Increases Delta (DAL) PT, Adjusts Airline Coverage Outlook
Evercore ISI's Duane Pfennigwerth raised the price target for Delta Air Lines (DAL) to $85 from $80, reiterating an Outperform rating. This adjustment comes after Delta's recent report and in anticipation of other airlines' earnings. The article also notes Delta's revised stance on sustainable aviation fuel targets and net-zero emissions, citing slow development in sustainable fuel technology as a challenge.
Coca-Cola threatens to back out of recycling scheme over reputation concerns
Coca-Cola Europacific Partners (CCEP) is threatening to withdraw from Queensland, Australia's Containers for Change recycling program due to corruption allegations and concerns about its reputation. The program, which offers a 10-cent refund for recycled items, was subject to 10 allegations of corrupt behavior, and CCEP, along with Lion Australia, is a principal founding entity of the non-profit group managing the scheme. CCEP claims its reputation is linked to the program's integrity, while Lion warns that proposed changes would lead to higher consumer prices amidst a cost-of-living crisis.
Apollo Global Shareholder Alert: ClaimsFiler Reminds Investors With Losses In Excess Of $100,000 Of Lead Plaintiff Deadline In Class Action Lawsuit Against Apollo Global Management, Inc. - APO
ClaimsFiler is reminding investors who have incurred losses exceeding $100,000 in Apollo Global Management, Inc. (NYSE: APO) securities to file lead plaintiff applications by May 1, 2026, in a pending class action lawsuit. The lawsuit alleges that Apollo and its executives failed to disclose material information regarding communications between company leaders and Jeffrey Epstein, which made statements about the company's business, operations, and prospects materially false and misleading. The class period for affected investors is between May 10, 2021, and February 21, 2026.
New Burlington store opens in Fresno with ribbon-cutting ceremony
A new Burlington store has opened in Fresno on Blackstone, marked by a ribbon-cutting ceremony on Friday. The store made a $5,000 donation to teachers at Pinedale Elementary School to support local education. This new location features Burlington's modernized store design and offers a wide range of products including apparel, accessories, home decor, and baby items.

