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Nelson Peltz wants Wendy’s back. His firm, Trian Fund Management, has offered $7.35 a share in cash for the burger chain, valuing it at about $1.4 billion, a regulatory filing showed on Wednesday. The price is 20% above Tuesday’s close. Wendy’s stock rose about 15% before the market opened. Trian is joined by BlueFive Capital, Sixth Street Partners and Flynn Group, one of Wendy’s biggest franchise operators. Trian and its affiliates already own 16.25% of the company. The offer arrives after two rough years. Wendy’s shares have lost 65% in that time, and same-store sales have fallen for six quarters in a row. Peltz first pushed for changes at Wendy’s more than 20 years ago and looked at buying it in 2022 before walking away.

Monness, Crespi, Hardt analyst Brian White has raised Apple’s (AAPL) price target to $355 from $335, maintaining a Buy rating ahead of the company’s November 2 earnings report. White cited Apple’s product innovation and expanding Apple Intelligence capabilities as key growth drivers. The potential launch of an OLED touchscreen MacBook Pro could also boost investor interest. The upcoming earnings report will mark CEO John Ternus’s first earnings call. However, supply constraints and broader macroeconomic risks remain key concerns for Apple as investors look for updates on its financial performance and growth outlook.

Vertiv Holdings Co. reported strong third-quarter 2026 results, with net sales rising 61% year over year to $4.31 billion. The company also reported a 90% increase in operating profit and a 91% jump in diluted earnings per share (EPS) to $1.95. Adjusted diluted EPS grew 78% to $2.21, while adjusted operating margin increased to 25.2%, up 2.9 percentage points from the same quarter last year. Vertiv expects fourth-quarter 2026 net sales of $4.41 billion and adjusted diluted EPS of $2.25 at the midpoint of its guidance. The company also raised its full-year 2026 outlook, projecting net sales of $14.65 billion and adjusted diluted EPS of $7.15. The updated guidance reflects continued growth in revenue and earnings.

Nvidia is facing a mix of growing demand from US customers and weaker business in China. The company has agreed to invest $3 billion in Meta’s equity offering, and Meta plans to deploy more Vera Rubin systems, Vera CPUs, Spectrum-X networking and BlueField-4 technology. Oracle has also widened access to Vera Rubin NVL72 systems on its cloud, with more Rubin capacity planned. In China, Nvidia’s AI chip shipments reportedly fell 44% in the first half of 2026 as Huawei gained ground and export rules complicated deliveries. Anthropic’s IPO filing showed it uses chips from several suppliers, a trend that could weaken Nvidia’s pricing power over time. Nvidia reported second-quarter revenue of $96.22 billion, up 105.9% from a year earlier, and has approved a $150 billion share buyback.

Jio Platforms opened at ₹1,358 on Wednesday, 21.4% above its ₹1,119 issue price, leaving new buyers to decide whether to enter now or wait. The debut has already pushed the stock close to brokerage targets. Nomura’s ₹1,340 target has been crossed, while Motilal Oswal’s ₹1,350 and Elara’s ₹1,367 imply little room left from the listing price. Motilal Oswal’s bull case of ₹1,690 shows more potential if tariff increases of about 15% from March 2027 and broadband growth come through, though its bear case sits at ₹1,035. Bonanza’s Abhinav Tiwari suggested that investors who missed the IPO could look for entry points if the stock corrects after listing. Pocketful’s Sarvam Goel said much of Jio’s growth may already be priced in. With less than 3% of shares in public hands, the stock could see sharp swings in early trading.

Jio Platforms made a strong stock market debut on Wednesday, opening at ₹1,358 on both NSE and BSE, a 21.36% premium to its ₹1,119 issue price. Retail investors who won a lot of 12 shares are sitting on a listing gain of about ₹2,868. The opening lifted Jio’s market value to ₹12,50,586 crore within minutes of trading, well above the roughly ₹10.3 lakh crore valuation implied at the IPO price. The debut came close to grey market expectations of about ₹1,366. Jio opened above the targets of Nomura at ₹1,340 and Motilal Oswal at ₹1,350, and stands just below Elara’s ₹1,367 target. The ₹30,213 crore offer is India’s largest IPO and drew bids 22.19 times the shares available.

Jio Platforms shares carried a grey market premium of ₹247 on listing morning, pointing to an opening price near ₹1,366, about 22.07% above the ₹1,119 issue price. Expectations are much weaker for Paras Healthcare, the other company listing on Wednesday, whose grey market premium stood at just ₹13 as of October 27. Paras Healthcare’s ₹1,450 crore issue was subscribed only 2.23 times, compared with 22.19 times for Jio. The grey market is unofficial, and listing prices are set by buy and sell orders in the pre-open session from 9 am. Regular trading in both stocks begins at 10 am on NSE and BSE.