International Paper to Close Some of Its Corrugated Packaging Plants
International Paper announced plans to cease preprint operations at its Richwood, Kentucky facility and close several other plants by the end of Q3 2026. These measures are part of a strategy to strengthen the company's cost position and enhance its packaging solutions. International Paper will support affected employees with outplacement assistance, severance, and benefits, while also transitioning customers to other facilities to maintain supply continuity.
iShares Bitcoin Trust ETF Tops Fidelity in Assets Under Management
The iShares Bitcoin Trust ETF (IBIT) has surpassed the Fidelity Wise Origin Bitcoin Fund (FBTC) in assets under management (AUM), despite both ETFs offering direct exposure to Bitcoin with identical expense ratios. While both funds launched in 2024 and track Bitcoin's price similarly, IBIT's larger asset base of $44.9 billion compared to FBTC's $13.4 billion makes it a more liquid and potentially more durable option for investors seeking institutional Bitcoin exposure. The article notes that while crypto allocation is gaining Wall Street recommendation, Bitcoin's long-term investment thesis is still developing.
Bank of America or Wells Fargo: Which Mega-Cap Delivers Better Returns?
This article compares Bank of America (BAC) and Wells Fargo (WFC) for retirement investors, highlighting their capital return, valuation, and balance sheet quality. While BAC is preferred for income-focused retirees due to higher capital returns and a stronger balance sheet, WFC offers a more attractive valuation for value-conscious investors. Ultimately, BAC is seen as having a more dynamic risk-reward profile due to its superior yield and earnings momentum.
Hecla Mining (NYSE:HL) moves on Russell growth switch and silver gap
Hecla Mining (NYSE:HL) has been switched from the Russell 2000 Value to the Russell 1000 Growth index, influencing its trading and investor perception. The stock, which traded at $15.42 pre-bell, is also grappling with spot silver prices being nearly 30% below its Q1 realized price, even as its balance sheet remains strong with zero long-term debt. Analysts have mixed ratings on HL, with a wide range of 12-month target prices.
Oracle launches AI-powered supply chain applications
Oracle has introduced four new AI-powered Fusion Agentic Applications to enhance supply chain performance through automation and inventory optimization. These applications, integrated into Oracle Fusion Cloud Supply Chain & Manufacturing, use specialized AI to improve inventory visibility, supplier management, and manufacturing efficiency. This move aims to help supply chain leaders better manage costs and respond to disruptions.
H.C. Wainwright reiterates Incyte stock rating on EU label expansion
H.C. Wainwright has reiterated a Buy rating and $140.00 price target for Incyte (NASDAQ: INCY) following a positive European regulatory opinion for Opzelura. This opinion would expand Opzelura's EU label for moderate atopic dermatitis in adults, moving beyond its current authorization for non-segmental vitiligo. The firm anticipates significant growth opportunities for Incyte in Europe, supported by Opzelura's strong performance and recent positive developments.
Innovative Aerosystems to Join U.S. Small-Cap Russell 2000® Index
Innovative Aerosystems (Nasdaq: ISSC) has announced its inclusion in the U.S. small-cap Russell 2000® Index, effective June 29, 2026. This membership, alongside automatic addition to relevant growth and value indexes, is expected to enhance the company's visibility among institutional investors and reflects its progress in strategic priorities. The Russell indexes are widely used benchmarks, with approximately $12.2 trillion in assets benchmarked against them as of June 2025.
HCA Healthcare Announces New England Journal of Medicine Study Highlighting Advances in CRISPR-based Therapy for Children
HCA Healthcare announced the publication of new research in The New England Journal of Medicine highlighting promising results from a gene-editing therapy for children aged 5-11 with severe sickle cell disease and transfusion-dependent beta thalassemia. The study, led by Dr. Haydar Frangoul of HCA Healthcare’s Sarah Cannon Transplant and Cellular Therapy Program, evaluated exagamglogene autotemcel (exa-cel). Findings showed all participants achieved positive clinical outcomes, reinforcing the potential for earlier intervention before cumulative injury.
FactSet Expands Wealth Management Workflow AI Capabilities Through Partnership with TIFIN.AI
FactSet has partnered with TIFIN.AI and made a strategic investment to enhance its AI-powered workflows for wealth management firms. The collaboration aims to integrate FactSet's financial intelligence into agentic advisor workflows, improving advisor productivity and client engagement. Initial solutions will include Meeting Prep Agent and Book Intelligence Agent, leveraging institutional-grade data and secure, auditable AI architecture.
Raymond James reiterates Progressive stock rating on strong underwriting
Raymond James has reiterated its Outperform rating and $245.00 price target for Progressive Corp., citing strong underwriting and the stock's undervaluation according to InvestingPro analysis. The company exhibited solid Q1 2026 results including 6% consolidated net premiums written growth in May 2026, an 82.1% combined ratio, and a 38% return on equity. Analyst estimates for Progressive's operating earnings per share have been raised for 2026, 2027, and 2028, implying annual returns on beginning equity exceeding 30%.




