WallSt Focus

TreeHouse Foods surged 14% on buyout buzz as Investindustrial eyes a ~$3B take-private. The small-cap food processor, focused on margins and core categories, draws strong investor interest in staples.

U.S. stocks rose on Friday, with the Dow Jones Industrial Average hitting 47,000 for the first time, as investors shrugged off a government shutdown and the delay of the September jobs report.

Zevra Therapeutics jumped on renewed takeover chatter after a Betaville alert linked Collegium to a stalled bid. Strong MIPLYFFA growth, cash from voucher sale, & rare-disease pipeline fuel the buzz.

SiriusPoint sells ArmadaCare to Ambac for $250M, advancing its specialty focus. Ambac gains a growth foothold in health benefits, with the deal expected to add $220–$230M in pre-tax gains.

Harrow Inc. targets Melt Pharma buyout to expand sedation portfolio with MELT-300, a sublingual non-IV sedative, aiming for U.S. launch and global partnerships while diversifying beyond ophthalmics.

3D Systems is divesting Oqton MOS and 3DXpert to Hubb Global Holdings, aiming to sharpen focus on polymers while Hubb explores monetization and synergy with its software assets.

Reddit (RDDT) extended its decline for a second straight day on Wednesday, falling more than 10% after new data showed its content appearing far less often in responses from OpenAI’s ChatGPT.