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Dayforce is the top-performing stock in the S&P 500 on buyout reports

Dayforce rocketed 28% to top Mondays S&P 500 leaderboard after Bloomberg reported that private equity giant Thoma Bravo is in advanced talks to acquire the HR software provider.

Though the deal has yet to be finalized, Bloomberg reported that people familiar with the matter say an announcement could come in the next few weeks. Still, they caution the process could drag on or attract competing bids.

Dayforce’s rally builds on momentum from earlier this month, when the company posted better-than-expected Q2 results fueled by strong bookings and a record backlog of contracts. That strength comes against a tough backdrop: the company has struggled to sustain sales growth since pandemic-era demand faded.

With today’s pop, Dayforce shares are still down about 5% year to date.

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Volkswagen is reportedly closing in on its own, separate tariff deal with the US

In a bid to get its own tariff rate below the 15% applied to most EU exports, Volkswagen is dangling big US investments.

Speaking at a trade show Monday, VW CEO Oliver Blume said the automaker is in advanced talks on a deal to limit its own tariff burden. Volkswagen reported a tariff cost of $1.5 billion in the first half of the year.

Speaking to Bloomberg TV, Blume said the company is in close contact with the Trump administration and has had “good talks” about its separate deal. The current 15% tariff rate on EU vehicles would still “be a burden for Volkswagen,” Blume said.

A company reaching a tariff deal separate from its home country isn’t typical, though there’s already precedent this year, with Apple’s $100 billion US investment deal amid chip tariffs and President Trump’s threats to add a levy to smartphones. Nvidia and AMD similarly struck a deal to receive the ability to sell chips in China and in exchange agreed to give the US 15% of the revenue from those sales.

Speaking to Bloomberg TV, Blume said the company is in close contact with the Trump administration and has had “good talks” about its separate deal. The current 15% tariff rate on EU vehicles would still “be a burden for Volkswagen,” Blume said.

A company reaching a tariff deal separate from its home country isn’t typical, though there’s already precedent this year, with Apple’s $100 billion US investment deal amid chip tariffs and President Trump’s threats to add a levy to smartphones. Nvidia and AMD similarly struck a deal to receive the ability to sell chips in China and in exchange agreed to give the US 15% of the revenue from those sales.

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