Foodtastic proposes C$1 billion MTY takeover after rebuffed approaches - Bloomberg

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  Investors responded negatively to shrinking gross margin forecasts and decelerating Services momentum, overshadowing an otherwise solid quarterly performance. The transition period under the new executive leadership also contends with an altered hardware release schedule, as standard smartphone models face delayed rollouts into 2027. Market scrutiny now centers on the financial viability of next-generation device form factors and sustainable profit margins.

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• Libya's top religious authority rules against wearing Nike clothes

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• CrowdStrike agrees to buy Fiddler AI, which helps monitor AI agents, for ~$400M, and Dreadnode, an automated security AI testing tool, for ~$95M, mostly in cash (James Rundle/Wall Street Journal)

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