Business 4 March 2026 - 5 March 2026

Ribbon’s stock muted ahead of holiday; eyes on DRC medicine deal instead
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Ribbon’s stock muted ahead of holiday; eyes on DRC medicine deal instead

Ribbon Acquisition Corp.’s Class A shares closed at $10.68 on Friday, down 1 cent, with only 25 shares traded ahead of the Memorial Day market holiday. The SPAC holds $37.7 million in trust and faces uncertainty over shareholder redemptions as it pursues a merger with Japan-based DRC Medicine, a deal valuing the combined company at $422 million if no investors cash out.
May 24, 2026
Nebius Group lands Missouri OK for 1.2‑GW “AI factory” as NBIS stock jumps
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Nebius Group lands Missouri OK for 1.2‑GW “AI factory” as NBIS stock jumps

Nebius Group secured city approval for a Chapter 100 incentive package for its planned AI data-center campus in Independence, Missouri, which could reach 1.2 gigawatts of capacity. The 5-2 vote grants long-term tax abatements worth up to $6.26 billion over 20 years. NBIS shares rose about 13% in premarket trading. The campus would cover 400 acres and create about 1,200 construction and 130 permanent jobs.
March 5, 2026
Broadcom stock jumps after CEO flags $100 billion AI chip revenue in 2027, $10 billion buyback
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Broadcom stock jumps after CEO flags $100 billion AI chip revenue in 2027, $10 billion buyback

Broadcom forecast over $100 billion in annual AI chip revenue for 2027 and projected second-quarter revenue of about $22 billion, above Wall Street estimates. Fiscal first-quarter revenue rose 29% to $19.31 billion, with AI semiconductor revenue reaching $8.4 billion. Shares climbed nearly 5% in after-hours trading. The company approved a new $10 billion share repurchase program through 2026.
March 5, 2026
NatWest ramps up Scotland startup push: RBS Accelerator targets 5,000 entrepreneurs, adds £1m EDGE deal
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NatWest ramps up Scotland startup push: RBS Accelerator targets 5,000 entrepreneurs, adds £1m EDGE deal

Royal Bank of Scotland, owned by NatWest, will expand its Accelerator programme to support 5,000 Scottish entrepreneurs in 2026 and has pledged £1 million to the Scottish EDGE Awards over three years. NatWest bought back 458,962 shares on March 4, with plans to cancel them. The bank’s Glasgow and Edinburgh hubs currently support 1,000 businesses. Scottish EDGE finals are set for June 11 in Edinburgh.
March 5, 2026
Rolls-Royce buyback rolls on: fresh share purchases and two retired U.S. generals join North America board
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Rolls-Royce buyback rolls on: fresh share purchases and two retired U.S. generals join North America board

Rolls-Royce bought 449,629 shares across four exchanges on March 4 under its £2.3 billion buyback, with prices ranging from 1,296 to 1,347.5 pence. CEO Tufan Erginbilgic and CFO Helen McCabe had shares vest and sold portions to cover tax. The company named retired U.S. Generals Laura Richardson and Duke Richardson to its North America board, effective January 2026.
March 5, 2026
Whitehaven Coal buyback update: 65,440 shares snapped up as dividend date nears
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Whitehaven Coal buyback update: 65,440 shares snapped up as dividend date nears

Whitehaven Coal bought back 65,440 shares for A$534,770 on March 3, bringing total repurchases since Feb. 20 to 698,009 shares worth about A$5.5 million. The on-market buyback, managed by UBS Securities Australia, is capped at A$32 million and runs through June 30. Whitehaven’s interim dividend goes ex-dividend Feb. 26 and pays March 13. The company reported first-half EBITDA of A$446 million and net debt of A$710 million.
March 5, 2026
DroneShield unlocks 1.3 million new shares as staff options vest — and selling may follow
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DroneShield unlocks 1.3 million new shares as staff options vest — and selling may follow

DroneShield Limited has applied to list 1,335,000 new shares on the ASX after performance options were exercised, with no sale restrictions, according to a filing. The company expects some employees will sell. Shares rose 8.48% to A$3.64 in afternoon trade. The new stock adds to a steady flow of option conversions that investors monitor for dilution and insider selling.
March 5, 2026
Shareholders hit QBE Insurance Group Limited with fresh climate demands ahead of 2026 AGM
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Shareholders hit QBE Insurance Group Limited with fresh climate demands ahead of 2026 AGM

QBE Insurance Group said shareholders have requisitioned three resolutions for its May 8 AGM, seeking more climate risk disclosure and a review of oil and gas underwriting governance. QBE also reported buying back 1.26 million shares for A$26.9 million on March 4. CEO Andrew Horton sold 133,031 shares to meet tax obligations. QBE posted a 2025 net profit after tax of US$2.16 billion and a final dividend of 78 Australian cents.
March 5, 2026
BHP Group Ltd says Queensland coal returns are zero, shuts Mackay FutureFit Academy
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BHP Group Ltd says Queensland coal returns are zero, shuts Mackay FutureFit Academy

BHP’s Queensland coal joint venture reported zero return on capital for the half-year to December 31, 2025, citing high royalties and rising costs. The company will close its FutureFit Academy in Mackay and cut about 750 roles across Queensland. BHP flagged the Saraji South mine for temporary shutdown in fiscal Q2 2026. New coal projects in Australia face financing and permitting difficulties.
March 5, 2026
Oracle joins White House power pledge for AI data centers as Oracle earnings near
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Oracle joins White House power pledge for AI data centers as Oracle earnings near

Oracle signed a White House pledge to cover power costs for new AI data centers, joining Google, Microsoft, and Amazon. The agreement aims to prevent rising household electricity bills as data-center construction accelerates. Oracle will report quarterly results on March 10, with investors focused on cloud spending. The pledge is voluntary and lacks enforcement provisions.
March 5, 2026
Western Digital stock jumps as CEO flags hyperscaler orders through 2028
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Western Digital stock jumps as CEO flags hyperscaler orders through 2028

Western Digital shares jumped 6.3% to $266.36 Wednesday afternoon, rebounding with storage peers after executives cited longer cloud customer order commitments and a firmer price outlook. CEO Irving Tan said top hyperscale clients have placed orders through 2028. Traders are watching Friday’s U.S. jobs report and the Fed’s March meeting for signals on rates and risk appetite.
March 4, 2026
ServiceNow stock rises as CEO share-buy filing lands and Morgan Stanley chat nears
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ServiceNow stock rises as CEO share-buy filing lands and Morgan Stanley chat nears

ServiceNow shares climbed 1.3% to $114.66 Wednesday afternoon, rebounding after weeks of losses but still 46% below last July’s high. CEO William McDermott bought nearly $3 million in shares last week, according to an SEC filing. The company recently expanded its buyback authorization by $5 billion. McDermott is scheduled to speak at a Morgan Stanley conference later Wednesday.
March 4, 2026
Salesforce stock price slips as Formula 1 AI tie-up lands and buyback doubts linger
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Salesforce stock price slips as Formula 1 AI tie-up lands and buyback doubts linger

Salesforce shares fell 0.2% to $195.73 in early afternoon trading Wednesday, tracking weakness across the software sector as investors weigh AI’s impact on subscription models. The company launched an AI-powered “fan companion” for Formula 1 and expanded its buyback program by $30 billion. U.S. private payrolls rose by 63,000 in February, ahead of Friday’s official jobs report. The Fed is expected to hold rates at its March meeting.
March 4, 2026
MongoDB stock steadies after a brutal slide — why Atlas growth is suddenly the only thing that matters
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MongoDB stock steadies after a brutal slide — why Atlas growth is suddenly the only thing that matters

MongoDB shares rose 0.9% to $254.92 midday Wednesday after a steep drop Tuesday, following muted guidance and slowing growth in its Atlas cloud unit. Fourth-quarter revenue reached $695.1 million, up 27% year over year, with Atlas revenue up 29% but decelerating. Analysts remain divided on whether the outlook signals weaker demand. The company named Erica Volini chief customer officer amid leadership changes.
March 4, 2026
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Stock Market Today

  • Beach Energy Shares Fall Despite $70 Million Otway Basin Sale and Royalty Deal
    May 24, 2026, 9:07 PM EDT. Beach Energy Ltd (ASX: BPT) shares dropped 2.04% to $1.107 after announcing a $70 million sale of its 60% stake in the Otway Basin's VIC/P35 licence to Amplitude Energy (ASX: AEL). The deal includes a production royalty of $3.75 per gigajoule on gas produced until 2036, expected to yield $140 million over the field's life. Beach is suspending development of the La Bella 2 well and Artisan through its Otway Gas Plant, freeing over $500 million for other projects with better returns and lower costs. Management emphasized capital discipline, converting assets into cash while retaining royalty exposure. The company's share price has declined 7% in a month and 14% over a year, with investors awaiting clarity on redeployment of freed capital.