Visa CEO Ryan McInerney confirmed the company will maintain a multi-coin, multi-chain approach to stablecoins, supporting Open USD alongside other tokens like USDT and USDC. Visa's new Stablecoin Platform enables clients to access Open USD and other stablecoins without exclusivity, reflecting a strategy to connect clients with whichever stablecoins gain adoption. Open USD, backed by over 140 companies including Visa and Mastercard, plans a launch later in 2026 with a unique governance and revenue model differing from existing stablecoins. Visa's approach allows flexibility and broad support, with the real test being partner integration and market adoption after Open USD's launch.
Pacira BioSciences was downgraded from Buy to Hold by Needham following Viatris's announcement to acquire the company for $36.50 per share, valuing it at about $1.65 billion. The deal is expected to close by late 2026 and will enhance Viatris's portf...
Equifax has introduced Mortgage Score Select, a new tool allowing mortgage lenders and brokers to choose which credit score to include on a mortgage credit file or to pull the file without a score. This innovation offers cost savings by enabling a se...
Nearly 2,000 mortgage lenders are using Equifax's VantageScore 4.0 credit scoring model, which incorporates alternative data like rental and utility payments, to improve borrower evaluation and expand credit access. Equifax has extended the $1 pricin...
Ashish Kumar, former AI lead for Tesla's humanoid robot Optimus, has founded Intelligent Machines, a startup focused on building task-specific industrial robots rather than humanoid ones. The company uses reinforcement learning to train robots for sp...
argenx SE (ARGX) shares fell over 10% on October 8, 2026, after the company stopped its Phase 3 UNITY trial of subcutaneous Vyvgart for Sjögren's disease due to futility. An independent committee found the study unlikely to meet its primary endpoint,...
