Newsmax Inc. shares more than tripled in their debut trading session after a $75 million initial public offering brought the conservative media outlet onto the New York Stock Exchange.

The stock spiked 278% to $37.78 at 11:25 a.m. in New York, in a volatile debut that saw shares halted for volatility five times in the first 30 minutes. The company raised $75 million in the offering, selling 7.5 million shares for $10 apiece.

The trading gives Newsmax a market value of nearly $5 billion, based on the outstanding shares listed in a regulatory filing.

The spike came as more than 2 million shares changed hands. Company share prices can be volatile in their debut sessions given a lack of liquidity and potentially pent-up demand — that’s the case particularly in smaller IPOs or for companies with less scale.

The company previously completed a private preferred offering in February 2025, raising $225 million.

— Bloomberg

Nokia Oyj and Amazon.com Inc. settled a patent dispute over streaming technologies that had spread to courts across three continents.

The agreement covers the use of Nokia video technologies in Amazon’s streaming services and devices, resolving all patent litigation globally, the Espoo, Finland-based company said on Monday in a statement. Terms weren’t disclosed.

Nokia had alleged that Amazon used its technologies in streaming services and devices without authorization. Suits were filed in the U.S., Germany, India, the UK, and the European Unified Patent Court. In February, Nokia won an injunction at a Dusseldorf court, and earlier scored a victory at the U.S. International Trade Commission.

During the dispute, Amazon had accused Nokia of misusing its standard-essential patents by trying to block products instead of offering fair licenses, violating rules meant to ensure open competition. Amazon on Monday confirmed the pact.

Orange juice futures have collapsed to the lowest in two years as demand remains weak and hopes of a modest production recovery in top grower Brazil emerge. Tariff turmoil is also adding pressure.

The most-active contract in New York fell as much as 4.2% on Monday to $2.274 per pound of frozen orange juice concentrate, the lowest since March 2023. A weak outlook for North American demand has market speculators turning more bearish, with money managers cutting net-long positions to the lowest in about a year, according to Commodity Futures Trading Commission data for the week ending March 25.

“The recent plunge in OJ spot prices has been dramatic, which I ascribe much to extended weak US consumer demand amid a steady rise in competing juice drinks,” said Kenneth Shea, a senior analyst at Bloomberg Intelligence.

— Compiled by Bloomberg