Coca-Cola is involved in a decade-long $20 billion tax dispute with the IRS regarding how it handles cross-border transactions and licensing fees for its intellectual property. The IRS alleges Coca-Cola underreported its US taxable income by charging low licensing fees to overseas units. This week, a federal appeals court will hear arguments in the case, which could have significant implications for multinational companies, as other firms like Airbnb, Newell Brands, Microsoft, and Amgen face similar IRS scrutiny.

BofA and Stephens have both raised their price targets for Hormel Foods (HRL) after the company's strong second-quarter earnings. BofA increased its recommendation to $25 from $23, reiterating a Neutral rating, citing the earnings beat and improved confidence in execution. Stephens also raised its price target to $25 from $22 but maintained an Equal Weight rating, noting it would be more constructive with a guidance increase or clearer path to H2 performance improvement.

Westlake Corporation, through its German subsidiary Westlake Vinnolit GmbH & Co. KG, has acquired a polyvinyl chloride (PVC) and vinyl chloride monomer (VCM) production site in Wilhelmshaven, Germany. This acquisition expands Westlake's global chlorovinyls manufacturing footprint and strengthens its Performance & Essential Materials business. The Wilhelmshaven plant has a capacity of 380,000 metric tons of PVC per year and benefits from advantageous logistical infrastructure, including a deep-water dock.

Walker & Dunlop has arranged a $375 million construction loan for Nasser Freres' JFK Boulevard mixed-use development in Jersey City. The project, financed by Madison Realty Capital, will include 860 residential units (with 10% affordable housing), nearly 50,000 square feet of retail space, and extensive lifestyle amenities. This development aims to significantly contribute to Journal Square's growth as a transit-oriented district.

Zura Bio Ltd. director Jennifer Jarrett received a grant of 51,000 Class A Ordinary Share options with an exercise price of $3.62 per share, expiring on June 17, 2036. The options will vest in twelve equal monthly installments over one year, starting June 17, 2026, contingent on her continued service. This transaction increases her direct holdings of share options to 51,000.

Arrow Electronics, in collaboration with its subsidiary eInfochips and STMicroelectronics, has launched a new industrial autonomous mobile robot (AMR) reference platform. This platform aims to streamline the development process for professional service robots by providing a pre-validated, integrated solution. It combines ST's industrial components with an NVIDIA Jetson Orin Nano compute platform, featuring robust power management, advanced motion control, and comprehensive sensing capabilities, designed to significantly reduce time to market for robotics OEMs and integrators.

Raymond James has reiterated its "Strong Buy" rating on Crescent Energy Company (CRGY) despite lowering its price target to $18 from $20 due to recent oil price pullbacks, maintaining that its bullish investment thesis remains unchanged. Mizuho also recently raised its price goal on CRGY to $15 from $14, expecting continued impacts from the Iran crisis on global oil prices and refining margins. Both firms see opportunities in the U.S. oil and gas sector amid elevated commodity prices and recent energy stock valuation pullbacks.

Goldman Sachs raised its price target for HP Inc. (HPQ) to $19 from $16 but maintained a Sell rating, citing caution despite HP's efforts to improve its product mix and raise prices. Bank of America also increased its price objective for HPQ to $18 from $16 but kept an Underperform rating, concerned about slow PC unit sales growth, margin pressure from higher memory costs, and leadership transition uncertainty. The article highlights HPQ's offerings in computing, printing, and other technologies, while suggesting that some AI stocks may offer better upside potential.

Citi has lowered its price recommendation on American Eagle Outfitters (AEO) to $18 from $24 but maintained a Neutral rating, citing that Aerie's momentum could counteract weaker sales at the American Eagle brand. BofA also reduced its price target to $16, noting that increased investments did not translate to higher operating profit and that the stock deserves a deeper discount due to ongoing challenges. American Eagle Outfitters is a global specialty retailer comprising American Eagle and Aerie brands.

Associated Bank is launching Digital Checking, an online-focused current account designed for Midwestern customers, featuring low fees and a mobile-first experience. This product, requiring a $25 minimum opening deposit and offering no monthly maintenance fees when opened digitally, aims to attract fee-sensitive customers who prefer managing their banking online. It underpins the strategic focus of Associated Banc-Corp (ASB) to meet changing customer behavior through digital offerings.