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Southeastern Asset Management, holding over 4% of Mattel's stock, urged the toy giant to consider selling to private equity, Hasbro, or a media firm via an open letter published May 8, 2026. While Mattel confirmed ongoing conversations with the investor, the company emphasized its focus on evolving into an intellectual property and entertainment business rather than pursuing a sale.
ThredUp reported a 15% revenue increase and 25% growth in active buyers to a record 1.7 million in Q1 2026. Despite these gains, the resale platform widened its net loss to $6.5 million. CEO James Reinhart highlighted March as the strongest month in company history while noting ongoing macroeconomic uncertainties.
In early 2026, fertilizer firms CF Industries and Nutrien reported significant sales increases driven by rising nitrogen prices caused by the Iran conflict. While these profits highlight supply chain fragility, elevated costs have sparked farmer concerns over inflation despite weak demand expectations. Analysts caution against optimism given ongoing geopolitical risks and regulatory scrutiny regarding potential price collusion within the concentrated U.S. industry.
Novatae Risk Group has appointed Brian Voorhees as its new managing director of personal lines, tasked with leading strategy, growth, and operations. With prior experience at Applied Home National Underwriters and NatGen Premier, Voorhees will oversee product expansion, carrier partnerships, and underwriting capabilities to drive scalable client-focused results within the wholesale insurance sector.