News

New York – September 28, 2026 -- Rodan + Fields, the skincare brand founded by dermatologists Dr. Katie Rodan and Dr. Kathy Fields, has committed $350,000 to Girls Inc. to fund scholarships and career-readiness programming for young women pursuing STEM entrepreneurship.

The investment splits into a $100,000 Rodan + Fields Futures Scholarship and a $250,000 contribution to Girls Inc.'s Project Accelerate, a college and career readiness program. The commitment marks the start of a year-long partnership running through 2026, with scholarship announcements and mentorship milestones to follow.

Pune – September 28, 2026 -- The global agrochemicals market was valued at $245.15 billion in 2025 and is projected to reach $355.01 billion by 2034, growing at a 4.2% compound annual rate from 2026, according to a new report from Maximize Market Research.

Pest and disease pressure continues to drive nearly 40% of annual crop losses worldwide

Bayer noted in 2026 that plant diseases and pests can destroy up to 40% of global crops each year, while weeds alone can cut yields by close to 34%. This sustained pressure keeps demand elevated for herbicides, insecticides, fungicides, fertilizers and seed-treatment products across cereal, grain, fruit and vegetable production.

Broomfield, Colo. – September 28, 2026 -- Vail Resorts, Inc. (NYSE: MTN) reported fiscal 2026 net income of $147.5 million, down from $280.0 million a year earlier, as the western U.S. ski industry endured what CEO Rob Katz called one of the most challenging winters in history.

Resort Reported EBITDA falls 11.7% to $745.7 million on weather losses

Full-year Resort Reported EBITDA declined $98.5 million to $745.7 million, including $11 million in one-time costs tied to the company's resource efficiency transformation plan. Resort Net Revenue fell $131.9 million, or 4.5%, driven by historically low snowfall and snowpack in the Rockies and Tahoe regions. Total lift revenue dropped 3.5% even as visitation fell 13.4%, cushioned by a 3.9% increase in pass revenue. In Australia, cumulative snowfall during the fourth quarter came in roughly 57% below the 10-year average, pressuring visitation despite growth in Australian pass sales.

Hanover, Pa. – September 28, 2026 -- L2 Brands, a premium custom-decorated apparel and headwear maker, appointed John Fryer as Chief Executive Officer effective September 28, 2026, tasking him with leading the company's fully integrated commercial, product, supply chain and manufacturing operations.

Fryer arrives from Unrivaled Teamwear's Hanesbrands carve-out

Fryer most recently served as President of Unrivaled Teamwear, a carve-out from Hanesbrands that operates the Champion Teamwear, Gear for Sports and Knights Apparel brands. His background spans activewear, teamwear and collegiate-channel businesses.

Wood Dale, Illinois – September 28, 2026 -- AAR CORP. (NYSE: AIR) has agreed to acquire a 65% controlling interest in MRO Holdings at an implied enterprise value of $4.0 billion, creating what the company calls the largest heavy maintenance MRO operation in the world, servicing nearly 3,000 aircraft annually.

AAR values MRO Holdings at 10.7x forecasted 2026 EBITDA

The valuation represents 10.7 times MRO Holdings' forecasted full calendar year 2026 adjusted EBITDA, factoring in $75 million of anticipated run-rate cost synergies and net of transaction-related tax benefits with an expected present value of approximately $150 million.

Wood Dale, Ill. – September 28, 2026 -- AAR CORP. (NYSE: AIR) reported first-quarter fiscal 2027 sales of $918 million, a 24% jump from $739.6 million a year earlier, as the aviation aftermarket supplier simultaneously disclosed a definitive agreement to acquire a 65% controlling interest in MRO Holdings.

Sales climb 24% on parts distribution and repair growth

The quarter ended August 31, 2026, saw growth across all three core segments. Parts Supply sales rose 31%, driven by 23% organic growth in new parts distribution across commercial and government markets. The Repair, Engineering & Software segment grew 31% on airframe MRO, component MRO, and software activity, while Government Solutions increased 4% on Mobility Systems strength.

Pittsburgh – September 28, 2026 -- Allegheny Health Network (AHN) has secured a $1 million commitment from Greg and Ellen Jordan to fund the Greg and Ellen Jordan Endowed Professorship for Alzheimer's Disease and Related Disorders within its Department of Neurology.

Jordan gift targets research, education and expanded memory disorder care

The endowment will fund clinical care, neuroscience research and support programming for patients with Alzheimer's disease, dementia and cognitive impairment. Greg Jordan is chairman of the Board of Directors of Highmark Health since 2025, sits on the board of MSA Safety, and serves as vice chairman of PNC after retiring as PNC's general counsel and chief administrative officer in 2024.

"We have each lost a parent to memory-related diseases, and we know that supporting AHN's research in this field is needed to continue to make progress on finding ways to deal with these challenges," Jordan said.

Pasadena, Calif. – September 28, 2026 -- Alexandria Real Estate Equities, Inc. (NYSE: ARE) has closed an amended $5.0 billion unsecured senior line of credit, pushing the facility's maturity to January 2032 and cutting its borrowing margin by 11 basis points. The amended agreement became effective September 24, 2026.

Maturity extended by two years through staged extension options

The amendment moves the facility's maturity date from January 22, 2030 to January 22, 2032, contingent on Alexandria exercising two available six-month extension options, subject to certain conditions. The move preserves the life science REIT's revolving credit capacity and extends its debt maturity ladder.

Borrowing rate drops to SOFR plus 0.725%

The applicable borrowing rate falls to SOFR plus 0.725%, down from SOFR plus 0.835%, an 11-basis-point reduction that lowers Alexandria's cost of capital on the facility.

San Diego – September 28, 2026 -- Viking Therapeutics, Inc. (Nasdaq: VKTX) has closed concurrent upsized public offerings totaling approximately $575.0 million in gross proceeds, funding to accelerate its late-stage obesity drug pipeline.

Viking raises $575 million through combined stock and convertible note sale

The clinical-stage biopharmaceutical company sold 9,035,714 shares of common stock at $35.00 per share, alongside $258.75 million in aggregate principal amount of 2.00% convertible senior notes due 2032. Both tranches were upsized after underwriters fully exercised their options, adding 1,178,571 shares to the equity offering and $33.75 million to the note offering.

Denver – September 28, 2026 -- Gates Industrial Corporation Ltd. (NYSE: GTES) has completed the acquisition of The Timken Company's belts business, including select manufacturing assets, expanding its North American power transmission footprint.

Gates gains manufacturing capacity and customer ties across three key markets

The deal adds production capacity and customer relationships spanning industrial original equipment manufacturers, the industrial aftermarket, and mobility power sports segments. Gates said the acquisition also strengthens its talent base with the addition of former Timken employees.