Amer Sports (AS) raised its full-year revenue and EPS guidance after beating second quarter estimates, though sales for the unit that houses its Arc’teryx brand came in just below expectations. Arm Holdings (ARM) is ramping up its in-house chip development, hiring a former Amazon AI executive, according to Reuters. Nexstar (NXST) is acquiring Tegna (TGNA) in a deal valued at $6.2 billion, a merger that will expand its reach even more local TV stations. To watch more expert insights and analysis on the latest market action, check out more Morning Brief.
Amer Sports, Arm, Nexstar & Tegna: Trending Tickers
