Morgan Stanley cut its PT on Western Digital Corp to $643.00 from $676.00.

Qingtianzu and Gaoqing Power signed a strategic cooperation agreement to collaborate on product supply, joint use‑case development, city delivery and ongoing operations, targeting research and education, robotics competitions and cultural‑tourism/commercial performances. Gaoqing Power will join Qingtianzu’s curated supplier matrix and will be gradually integrated into priority-city front warehouses to participate in a planned two‑hour robot supply and service circle. The partners will pilot rent‑to‑sell coordination to cut customer upfront costs and application‑validation expense, using rental experience to drive later procurement and long‑term deployments. The deal is listed as a key partnership in Qingtianzu’s 2026 ecosystem partner rollout.

Data showed SoftBank's five-year CDS spread rose to 432 bps on Tuesday, the highest since early November 2022. The spread crossed 400 bps the prior week and has widened a further more than 30 bps.