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NYSE:CTVA 4 May 2026

Corteva Vylor Spinoff: $9.9 Billion Seed Business Gets a Name Before 2026 Split

Corteva Vylor Spinoff: $9.9 Billion Seed Business Gets a Name Before 2026 Split

Corteva said Monday it will name its advanced seed and genetics spinoff Vylor, Inc., aiming to separate it from its crop-protection business in late 2026. Vylor generated $9.90 billion in 2025 net sales, compared to $7.50 billion for crop protection. CEO Chuck Magro will lead Vylor, while Luther Kissam will head the remaining Corteva. Shares stood at $80.85 premarket, with a $54.6 billion market value.
4 May 2026
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Stock Market Today

  • U.S. to Provide $17.5 Billion Loans for Nuclear Reactors Amid Rising AI-Driven Energy Demand
    June 23, 2026, 5:10 PM EDT. The U.S. Energy Department announced $17.5 billion in conditional loans to support up to five nuclear projects using Westinghouse AP1000 reactors, aiming to curb rising power needs driven by AI and data centers. The funding targets essential long-lead equipment to shorten deployment by up to three years. Each project requires a $1 billion equity commitment from Westinghouse and partners. This move occurs as data centers could consume up to 9-15% of U.S. electricity by 2030, intensifying strain on grids. The initiative seeks to revive the struggling U.S. nuclear sector, providing steady power for growing tech and manufacturing demands, while marking deeper federal ties with reactor manufacturer Westinghouse.

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Broadcom shares fell 2.8% to $381 as investors worried that its largest cloud customers, responsible for 45% of revenue, may delay AI chip orders due to funding constraints, despite Broadcom’s 48% revenue surge and $16 billion AI chip forecast, with Wall Street reacting to a slight revenue miss and high expectations.
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