Today: 28 March 2026
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TSX:AC 18 August 2025 - 14 February 2026

Markets Shaken, AI Valuations Soar, Oil Slumps: What You Missed in Business This Weekend

Markets Shaken, AI Valuations Soar, Oil Slumps: What You Missed in Business This Weekend

OpenAI is in talks to sell about $6 billion in shares to SoftBank and Thrive Capital, valuing the company at $500 billion. Oil prices fell sharply, with Brent crude near $65 and Goldman Sachs warning of a bear market if peace talks advance. Google was fined A$55 million in Australia for pre-install deals. Air Canada canceled 700 flights as 10,000 flight attendants went on strike under threat of jail for union leaders.
18 August 2025
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Stock Market Today

  • Pacific Biosciences (PACB) Shares Drop 6.67% Amid Mixed Earnings Outlook
    March 27, 2026, 7:54 PM EDT. Pacific Biosciences of California (PACB) shares fell 6.67% to $1.26, underperforming the S&P 500's 1.67% decline. The stock has lost 24.16% over the past month, trailing the Medical sector's 7.36% drop. Analysts expect earnings per share to fall 13.33% year-over-year to -$0.17, while revenue is projected to rise 10.36% to $41 million for the quarter. Full-year estimates forecast EPS of -$0.54 and revenue of $175.4 million. Despite recent declines, PACB holds a strong Zacks Rank #1 (Strong Buy), reflecting analyst optimism. The Medical - Instruments industry ranks in the top 39% by Zacks Industry Rank, indicating sector strength. Investors will watch upcoming earnings closely for clearer direction.
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