Dropbox to Buy Tigris Data for $350M
Dropbox will buy cloud storage company Tigris Data for $350 million, apparently its largest acquisition. The purchase supports a new storage platform for businesses building AI agents.
Markets & Economy
E.l.f. Beauty Sales Climb 51% and Full-Year Guidance Goes Up
E.l.f. Beauty beat Wall Street estimates for its second fiscal quarter and lifted every key full-year target. International sales grew 165%.
EloElo Raises $80M With NBCUniversal Backing for Indian Microdramas
The company behind the Story TV app has closed an $80 million Series C. It plans to hire AI researchers and put a good chunk of its capital into original titles.
Pfizer Lifts 2026 Revenue Outlook to $62B-$64B as Covid Sales Shrink
Pfizer's quarterly earnings and revenue came in above analyst forecasts, and the company lifted its full-year revenue range to $62 billion to $64 billion. CEO Albert Bourla says products other than Covid drove the result.
RBA Lifts Cash Rate to 4.85%, Its Fifth Hike This Year
Australia's central bank raised rates by 25 basis points on a 6-3 vote, to the highest since November 2008, and pushed back its inflation forecast.
Apple Forecasts Thinner Margin as Memory Costs Climb
Apple's inventory rose to $14.54 billion and its December-quarter margin outlook fell below September's, as the company points to rising memory prices.