business

Max Knoblauch2/21/25

CrowdStrike shares spring a leak amid DOJ, SEC probes

The DOJ and SEC are looking into a $32 million deal between cybersecurity firm CrowdStrike and Carahsoft Technology, a tech distributor with billions of dollars’ worth of government contracts, to provide the IRS with security tools, according to reporting by Bloomberg.

The IRS reportedly never purchased the products, and the deal’s value has the potential to have made the difference between CrowdStrike meeting or missing Wall Street expectations for a fiscal quarter in 2023.

CrowdStrike shares fell more than 4% on Friday after news of the dual probes broke. Last year, the firm made global headlines as a software update caused an outage on millions of Windows systems, leading to thousands of flight delays and cancellations.

In September, Carahsoft headquarters were raided by the FBI. The DOJ is also investigating whether Carahsoft conspired with a software developer to fix prices on sales to the US government.

DOJ, SEC Investigating $32 Million CrowdStrike Deal With Carahsoft

DOJ, SEC Investigating $32 Million CrowdStrike Deal With Carahsoft

CrowdStrike shares fell more than 4% on Friday after news of the dual probes broke. Last year, the firm made global headlines as a software update caused an outage on millions of Windows systems, leading to thousands of flight delays and cancellations.

In September, Carahsoft headquarters were raided by the FBI. The DOJ is also investigating whether Carahsoft conspired with a software developer to fix prices on sales to the US government.

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business

Max Knoblauch21h

“Madden” maker EA surges on report it’s nearing $50 billion deal to go private

Shares of video game giant Electronic Arts are surging up more than 15% Friday following a Wall Street Journal report that the company is nearing a roughly $50 billion deal to go private.

According to the WSJ, an investment group including Saudi Arabia’s Public Investment Fund and PE firm Silver Lake (which is also part of the TikTok deal) could announce a deal next week.

In its fiscal first quarter that ended in June, EA delivered a disappointing net bookings outlook for the fiscal year.

Shares of EA’s most intimidating competitor, “Grand Theft Auto” publisher Take-Two Interactive, climbed nearly 5% on the report.

Exclusive | Videogame Giant Electronic Arts Nears Roughly $50 Billion Deal to Go Private

Exclusive | Videogame Giant Electronic Arts Nears Roughly $50 Billion Deal to Go Private

In its fiscal first quarter that ended in June, EA delivered a disappointing net bookings outlook for the fiscal year.

Shares of EA’s most intimidating competitor, “Grand Theft Auto” publisher Take-Two Interactive, climbed nearly 5% on the report.

Max Knoblauch22h

Uber’s relying less on pad thai from 0.8 miles away. The company expects gross bookings (what customers spend) of non-restaurant deliveries to grow to $12.5 billion by the end of the year, according to reporting by Bloomberg.

The new forecast marks a 25% boost from the $10 billion estimate Uber shared in May for the delivery of groceries and items from retail partners like Best Buy.

Through the first half of the year, Uber’s total delivery gross bookings climbed to more than $42 billion, up about 18% year over year. That nearly matches the gross bookings of its ride-hailing business in the same period.

J. Edward Moreno

Why pharma stocks aren’t getting hit by new tariff threats

Most European drugmakers have announced some sort of investment in the US since Trump’s tariff threats began earlier this year. And some seem to have imported plenty of product to get ahead of tariffs anyway.

Pharmaceutical Company Eli Lilly Headquarters

TikTok US is worth only $14 billion, according to the Trump-backed deal

Charting how that stacks up against the rest of the social media landscape suggests Oracle, Silver Lake, and MGX got a pretty sweet deal.

Trump TikTok

NikeSKIMS

Nike, trying to break out of its funk, launches its high-stakes collab with Kim Kardashian’s Skims

The partnership champions women athletes and tests how far Kim K’s star power can stretch in the women’s activewear arena.

Nia Warfield9/26/25

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