Seeking Alpha’s roundup of announcements, statements, and remarks that could impact markets, sectors, or individual stocks.
- Meta’s (NASDAQ:META) Instagram is mulling launching a TV app, a move that could potentially heat up competition with Alphabet’s (GOOG) (GOOGL) YouTube.
“If behavior [and] the consumption of these platforms is moving to TV, then we need to move to TV, too,” Instagram CEO Adam Mosseri said Thursday at the Bloomberg Screentime conference.
Mosseri said he believed Instagram’s existing content could work in a TV format, adding that the company wasn’t interested in licensing live sports or other exclusive content.
- Novo Nordisk (NVO) CEO Mike Doustdar said his company can’t “shy away from taking some additional risks” in making deals to reinvigorate its pipeline in order to regain ground in the competitive obesity drug market.
“We should not have a ‘not invented here’ syndrome, and be quite open to other people’s science,” Doustdar said in an interview with Bloomberg. “You need to be able to have an eye on who else is out there, who has possibly invented something above and beyond what we could do.”
The Danish drugmaker announced Thursday that it has agreed to buy Akero (NASDAQ:AKRO) for up to $5.2 billion. Akero’s lead drug candidate is a treatment for MASH, a serious liver condition linked to obesity.
- The IRS announced the tax brackets for 2026 along with increased standard deductions.
The agency said the standard deduction for married couples filing jointly increases to $32,200. It increases to $16,100 for single filers and married people filing individually, while the deduction for heads of households will be $24,150, according to a statement.
The top tax rate will remain unchanged at 37% and apply to individuals with taxable income of over $640,600 and married couples filing jointly with income of over $768,700. A 35% rate will apply to individuals with income of over $256,225 and married couples filing jointly with income in excess of $512,450.
A 32% rate will apply for individual filers with income of over $201,775 and couples filing jointly with income exceeding $403,550. Individuals with income of over $105,700 will pay 24%, along with married couples filing jointly with income of over $211,400. A 22% rate will apply for individual incomes of over $50,400 or $100,800 for married couples filing jointly.
The bottom two tax brackets will be at 12% and 10%.