Markets

Ecovyst Inc. will sell its Advanced Materials & Catalysts segment to Technip Energies for $556 million, valuing the segment at 9.8x its 2024 adjusted EBITDA. The sale, expected to close in Q1 2026, allows Ecovyst to focus on its Ecoservices division, expecting net proceeds of ~$530 million for debt repayment and strategic growth. Technip Energies views the acquisition as accretive, enhancing its catalyst technology and enabling expansion in sustainable chemistry and biofuels. Both companies anticipate long-term value creation from the transaction.

Google’s Nano-Banana, a fast and affordable image generation model, is revolutionizing e-commerce and content creation. Its speed and consistent character representation are key advantages. Platforms like iMini AI are integrating Nano-Banana to enhance accessibility, broaden applications, and enable scenario-based expansions. iMini combines Nano-Banana with other AI capabilities, transforming it into a component of broader AI-driven workflows and demonstrating the shift from isolated models to interconnected AI ecosystems. This platform-based approach underscores the future of AI as seamless, user-friendly solutions.

AIRO Group Holdings, Inc. (NASDAQ: AIRO) announced the pricing of its upsized underwritten public offering of 4,200,000 shares at $18.50 per share, expected to generate $77.7 million in gross proceeds. Underwriters have an option to purchase additional shares. Proceeds will fund strategic growth, potential acquisitions, and repurchase shares from select stockholders. Cantor is the lead book-running manager. AIRO focuses on aerospace, autonomy, and air mobility, targeting drones, avionics, training, and electric air mobility. The registration statement for the offering was declared effective by the SEC on September 10, 2025.

BlackRock Health Sciences Term Trust (BMEZ), BlackRock Science and Technology Term Trust (BSTZ), and BlackRock Technology and Private Equity Term Trust (BTX) will shift from floating to fixed-rate distributions in October 2025. This aims to provide predictable income, stabilize payouts and maintain competitive yields. The change reflects concerns about distribution sustainability and a desire to manage capital effectively. Distribution amounts remain subject to board discretion. Performance should not be evaluated solely on distribution amounts. Investors should consult BlackRock’s website for fund updates.

Salem Media Group announced the death of broadcaster Charlie Kirk following an attack at Utah Valley University. The company mourned Kirk, a prominent figure hosting a nationally syndicated show and podcast. Salem’s CEO called the incident an attack on free speech. SALM shares experienced volatility. Analysts note the incident highlights the challenges faced by media organizations in a polarized environment. Salem is managing its programming and addressing the emotional needs of employees and listeners. Investigations are ongoing.

Kewaunee Scientific (KEQU) reported strong Q1 fiscal year 2026 results. Sales increased 46.9% to $71.104 million, with pre-tax earnings up 61.3% to $3.920 million. Diluted EPS reached $1.04. The domestic segment saw a 53% sales increase, boosted by the Nu Aire acquisition. International sales rose 30.2%, reflecting improved project delivery. The company is investing in corporate infrastructure to support future growth, anticipating uneven performance for the rest of the year but expects better unadjusted EBITDA than fiscal year 2025. Backlog stood at $205 million.

Beijing Xinwei Telecom, once a pioneering antivirus software company in China, is now facing financial struggles, including delayed salary payments. Founded in 1996 by Lin Hao, the company gained prominence by securing government contracts and offering user-friendly software. Listed in 2012, it later diversified into instant messaging with limited success. The company’s financial practices, including frequent stock splits, drew regulatory scrutiny. Amid increased market competition and completed cybersecurity infrastructure buildouts, Beijing Xinwei Telecom struggles to adapt, reflecting industry-wide challenges.

Verizon will launch the iPhone 17 lineup, including the iPhone Air, on September 19, 2025, with pre-orders starting September 12. Customers can get up to $1,100 off with trade-in and eligible unlimited plans. The lineup features four models with enhancements like Center Stage front camera and Ceramic Shield 2. Verizon’s plans start at $30 per line for four lines, offering a three-year price guarantee. Bundled offers include Apple Watch Series 11, iPads, and deals for business customers.

Aviat Networks (NASDAQ: AVNW) will release its fiscal 2025 fourth quarter financial results on September 10, 2025, after market close, for the period ending June 27, 2025. A conference call and webcast will follow at 4:15 p.m. ET, featuring CEO Pete Smith and CFOs to discuss the results. The webcast will be accessible via the Investor Relations section of Aviat Networks’ website, where a replay will also be available. Aviat Networks is a provider of wireless transport and access solutions, serving various sectors worldwide.

TikTok star Khaby Lame, known for his silent comedic reactions, is touring China as part of a cultural exchange initiative. He visited Beijing landmarks and explored Tianjin’s culinary scene, even attempting to make Jianbing Guozi. Lame’s visit aims to foster stronger ties between China and Africa by offering a fresh perspective to his global audience, connecting with locals and highlighting Chinese culture and innovation. With over 259 million followers across platforms, his trip demonstrates the power of relatable content and influencer marketing in China.