23andMe co-founder and former CEO Anne Wojcicki is set to buy back the company after it filed for Chapter 11 bankruptcy protection earlier this year. On Friday, 23andMe and TTAM Research Institute, a nonprofit public benefit corporation run by Wojcicki, announced in a press release that TTAM would be buying “substantially all of the Company’s assets” for $305 million.
As of last month, New York-based biotech company Regeneron Pharmaceuticals was set to buy 23andMe for $256 million. But the new purchase agreement with TTAM is “the result of a final round of bidding that occurred earlier today between TTAM and Regeneron Pharmaceuticals,” according to the release. Wojcicki made the “unsolicited offer” earlier this month, according to The Wall Street Journal.
23andMe is well-known for its at-home genome testing kits, and at one point the company was worth about $6 billion, according to CNBC. But it so far has been unable to turn a profit and dealt with a massive data breach in 2023. The company paid $30 million to settle a lawsuit over the breach last year. When 23andMe filed for bankruptcy in March, Wojcicki resigned as CEO.
TTAM will comply with 23andMe’s “privacy policies and applicable law” and has made “binding commitments to adopt additional consumer protections and privacy safeguards,” including establishing a consumer privacy advisory board within 90 days of the close of the deal. The release says the transaction is still subject to court approval but is expected to close “in the coming weeks.”
Spaceballs, which was first released nearly 40 years ago, is getting a sequel in 2027 from Amazon MGM Studios.
A Spaceballs 2 announcement trailer posted Thursday doesn’t have any solid details besides the date, though it does poke fun at the entertainment industry’s obsession with franchises and spinoffs by listing many of them out. (I particularly liked “DCU attempt Number 1” and “DCU attempt Number 2.”)
Mel Brooks, who played Yogurt (a Yoda parody) in the original film, also makes an appearance. “After 40 years, we asked, ‘what do the fans want?’” he says. “But instead, we’re making this movie.” The film’s logline, according to Variety, is “A Non-Prequel Non-Reboot Sequel Part Two but with Reboot Elements Franchise Expansion Film.”
Brooks will be reprising the role of Yogurt, and Bill Pullman and Rick Moranis will be back as Lone Starr and Dark Helmet, Deadline reports. Lewis Pullman (Bill Pullman’s son), Josh Gad, and Keke Palmer are also set to star in the film.
Kevin Winter/GA/The Hollywood Reporter/Getty Images
Friday the 13th has a long history of freaking people out.
When this day rolls around, people buy and travel less. In fact, the global economy is estimated to lose as much as $900 million every time a Friday lands on the 13th.
However, the Dutch Center for Insurance Statistics reported in 2008 that Friday the 13th is actually statistically safer than other Fridays — there are fewer accidents and reports of fire and theft on these days.
If that doesn't convince you, keep scrolling to learn about some positive events that took place on a Friday the 13th.
Bettmann/Bettmann Archive/Getty Images
While Title VII officially prevented discrimination based on race, color, religion, national origin, and sex for private employers, it wasn't until Executive Order 11375 that discrimination based on gender was illegal for the federal government and federal contractors.
President Johnson signed the order, which was officially titled Amending Executive Order No. 11246, Relating to Equal Employment Opportunity, on October 13, 1967.
Dado Daniela/Getty Images
The tiny Mediterranean country of Malta first became independent of the British in 1964, but officially became a republic on December 13, 1974.
Even though it's small, Malta is an underrated place to visit.
Acme/PhotoQuest/Getty Images
According to the National Museum of the US Air Force, Kilgare-Brier became the first woman to receive an airplane instructor's license on October 13, 1939.
She was an important figure for women in aviation. She also flew non-combat missions during World War II, and after the war she owned and operated her own private airport, according to her obituary in the Los Angeles Times.
TIM CLARY/AFP/Getty Images
The 2004 Summer Olympics were held in Athens, Greece, the country where they started, both in ancient and modern times. The opening ceremony took place on August 13.
It was the largest Olympic Games at the time, with 201 countries participating. Michael Phelps also won his first Olympic medal and broke his first record in Athens.
Matt Winkelmeyer/Vogue/Getty Images for The Met Museum
The Olsen twins were born on June 13, 1986.
They famously got their start on "Full House" and went on to create an empire: books, videos, perfume, clothing lines, and much more.
Buda Mendes/TAS23/Getty Images for TAS Rights Management
Taylor Swift was born on December 13, 1989 — her birthday landed on Friday the 13th last year — and she has repeatedly said that 13 is her favorite number. She even used to perform with "13" drawn on her hand.
As part of her 13 agenda, her blockbuster concert film "Taylor Swift: The Eras Tour" premiered in theaters on Friday, October 13, 2023. It went on to become the highest-grossing concert film of all time after grossing $261 million worldwide, according to Box Office Mojo.
Bettmann/Bettmann Archive/Getty Images
Roy Chapman Andrews discovered the first dinosaur eggs at a dig in Mongolia on July 13, 1923, according to the American Museum of Natural History.
Scientifically, this was huge for the field of paleontology, confirming that dinosaurs laid eggs. The museum was so impressed that Andrews went on to become its director from 1935 to 1942.
Paul Rovere/Getty Images
The Hollywood sign is an iconic piece of California culture. But when it was officially dedicated on July 13, 1923, it wasn't even supposed to last for more than two years.
Originally, the sign was installed to promote a new subdivision in the Hollywood Hills.
AaronP/Bauer-Griffin/GC Images/Getty Images
"Super Mario Bros.," one of the most iconic video games in history, was released on September 13, 1985, exclusively in Japan, per The Verge.
Since then, Mario has been in approximately 170 games, including wildly successful spin-offs like "Mario Kart," "Mario Party," and "Paper Mario."
Naomi Baker - The FA/The FA/Getty Images
A lunar space station has long been the subject of science fiction novels, but on November 13, 2009, that dream took one step closer to reality when NASA announced they found water on the Moon.
How much is a "significant amount"? According to NASA's Anthony Colaprete, around a dozen 2-gallon bucketfuls.
Kevin Winter/Getty Images for iHeartMedia
The 69th best debut album of all time, at least according to Rolling Stone, Black Sabbath's self-titled album was released on February 13, 1970.
The album is widely regarded as having created the genre of heavy metal, with instant classics like "NIB." and "The Wizard."
Charles Sykes/Invision/AP
Steve Buscemi was born on December 13, 1957 — yes, he shares a birthday with Taylor Swift. Buscemi might be famous as an actor, but he also has a lesser-known second career: a New York City firefighter.
Buscemi became an NYC firefighter at age 18. He eventually left the service to pursue acting, but in the aftermath of 9/11, Buscemi helped with rescue efforts and worked 12-hour shifts sifting through the rubble.
Paramount
Of the iconic "Friday the 13th" movie saga, "Part III" was the first to actually open on Friday the 13th (August 13, 1982), the first to experiment with 3D, and the first appearance of Jason's mask.
Even though the movie was critically panned, the movie made over $36 million against a $2.3 million budget, according to Box Office Mojo.
Yale Joel/The LIFE Picture Collection/Getty Images
If all else fails to convince you that Friday the 13th isn't a cursed date, just remember this: It's the last day of the workweek. Fridays are the best!
Gary Wiepert/Reuters
Friday the 13th is so famously unlucky that there's even a phobia dedicated to it: friggatriskaidekaphobia.
Even if you personally don't put stock in this fear, there are a lot of people who do. The Stress Management Center and Phobia Institute even estimated in 2013 that between $800 and $900 million are lost in business every Friday the 13th because people are afraid to shop, travel, and conduct business.
Luckily for believers, this is the only Friday the 13th of 2025. The next one isn't until February 2026.
But if you still think it's just a superstition, these events might be enough to convince even the most determined skeptic.
Fox Photos/Getty Images
German forces during WWII bombed Buckingham Palace on September 13, 1940. The bombs hit both the palace and its chapel.
Even scarier, the king and queen were at the residence at the time of the attack. Even though the event was traumatic, Queen Elizabeth II — then a princess — merely stated she was "glad we have been bombed. Now I can look the East End in the face," the BBC reported.
Matthew Horwood/Getty Images
After a week of increasingly heartbreaking COVID-19 updates, then-President Donald Trump declared a national emergency due to the pandemic.
Getty/Raymond Boyd
Shakur was shot four times on September 7, 1996, in Las Vegas. He succumbed to his injuries six days later on Friday, September 13.
In September 2023, police arrested one of the last surviving witnesses to his killing for the murder. Duane "Keffe D" Davis was indicted by a jury in Clark County, Nevada, on one count of murder with the use of a deadly weapon, plus a gang enhancement.
The arrest came after Davis spoke multiple times publicly — including in a memoir — about his involvement in the case. Davis, who remains in custody, pleaded not guilty in November 2023.
Gary Hershorn/Getty Images
The Daily Mail reported that the unnamed teenager was struck by lightning while at an air show in England in 2010 and, incredibly, only sustained burns on his shoulder. The hospital said he was expected to make a full recovery.
New York Daily News Archive/NY Daily News/Getty Images
The murder of Kitty Genovese took place on March 13, 1964. The New York Times reported Genovese was assaulted and killed by Winston Moseley inside her apartment building. The crime is famous because, reportedly, 38 people heard the attack, and none of them called the police, making the "bystander effect" a household term.
It was later suggested that the reporting of the crime was inaccurate and greatly exaggerated. No matter the specifics, an innocent woman died.
REUTERS / Tony Gentile
The Costa Concordia sank into the ocean on January 13, 2012. It became the largest passenger ship ever wrecked, with almost double the number of people on board than on the Titanic.
Thirty-two people died, and the captain was convicted of manslaughter in 2015.
Francis Miller/The LIFE Picture Collection/Getty Images
On July 13, 1951, the state of Kansas was hit with over 25 inches of rain. The cities of Manhattan, Lawrence, and Topeka were most affected, and over 2 million acres of land were damaged by the flood.
The storm also affected oil tanks, some of which caught on fire and exploded. There were passengers stuck on trains for four days. And, at its highest, the flooding exceeded previous records by 4 to 9 feet.
The people of Kansas were not wrong to call this day "Black Friday."
JOHANNES EISELE/AFP/Getty Images
After the buyout of United Airlines fell through on October 13, 1989, the ripples were felt throughout the stock market, specifically the junk bond market.
CNBC reported this resulted in a 7% sell-off in the Dow, and the S&P 500 lost 6%. Essentially, a lot of people lost a lot of money.
Rolls Press/Popperfoto/Getty Images
Uruguayan Flight 571 was headed toward Chile when it crash-landed in the Andes on October 13, 1972. In the following days, the survivors were reduced to hiding in the fuselage of the plane and eating the deceased passengers.
The rescue efforts were called off only 10 days after the crash, so it was shocking when two men appeared 72 days later and alerted the authorities that there were 16 other survivors trapped in the mountains.
Nicolas Economou/NurPhoto/Getty Images
At the time, the tragedy of Aeroflot 217 was the worst plane crash in Russian history. All 174 people on board the flight (including the 10 crew members) died when the plane crashed while trying to land due to bad weather.
It's never been confirmed what the cause of the crash was — some speculate it was a lightning strike. The plane ended up just 3 miles away from the runway.
Bettmann/Bettmann Archive/Getty Images
Nathan Bedford Forrest was born on July 13, 1821. Forrest first rose to fame as a Confederate general and was in charge of the infamous Fort Pillow Massacre, where he and his men reportedly killed over 200 unarmed Union soldiers who had surrendered (many of whom were Black).
Forrest is widely believed to have served as the KKK's first Grand Wizard, though he would later decree that the organization should be demolished, PBS reported.
Shutterstock / photovibes
On January 13, 1989, a computer virus swept through the UK. The Los Angeles Times reported hundreds of computers were affected by the virus, which deleted personal files specifically on the unlucky date.
The virus also slowed computers down, but fortunately didn't cross the Atlantic Ocean.
AP Images
The storm officially ended on November 13, 1970, but its effects are still being felt today.
The Bhola cyclone is still the deadliest storm in the Bay of Bengal — the death toll is estimated to be from 150,000 to 550,000, NBC News reported. One district in Bangladesh lost over 45% of its population.
In addition to being deadly and extremely costly, the cyclone is credited with jump-starting a civil war. At the time of the storm, the area was called East Pakistan. The Pakistani mismanagement of the relief efforts was considered to be a huge event in the fight for Bangladeshi independence.
NASA
A Swedish flight disappeared while flying over the Baltic Sea on June 13, 1952. And for 40 years, the Swedish government stuck by the story that the plane was merely performing training exercises.
However, National Geographic wrote that in the '90s, it was leaked that the crewmembers were actually spying on the Soviet Union for NATO, even though Sweden was officially neutral during the Cold War.
Russia responded with its own confession: A Russian pilot told a Swedish diplomat he had shot the plane down.
Reuters/Rickey Rogers
It's been called the "October Surprise." From October 12 to October 13, 2006, western New York was hit with two feet of snow. Over 300,000 people were left without power, thousands of trees were damaged, and the governor of New York declared a state of emergency for the Buffalo region.
Associated Press/Noah Berger
The fires in Victoria from 1939 to 1940 were the culmination of a long, dry summer. But on January 13, 1939, the Black Friday bushfires consumed the area: 71 people died directly from the fire, another 438 from the resulting heatwave, and 575,000 hectares of land were burned to a crisp.
The ash that resulted from the two days of flames was intense. There were reports of it reaching as far as New Zealand.
Stephen Brashear/Getty Images
The 2024 Boeing machinists strike began on Friday, September 13, 2024, and lasted until November 4.
For almost two months, Boeing strikers were without salary or benefits, while the company lost an estimated $50 million a day in lost labor.
At one point, tensions were so high between the union and management that the US Labor secretary herself, Julie Su, flew out to Seattle to mediate.
The strike ended when union members voted to accept a new contract from Boeing that included pay increases.
William England/Getty Images
Sam Patch was America's first professional daredevil, according to Atlas Obscura. Throughout his life, he jumped from many great heights, including Niagara Falls twice.
So, when he decided to jump from the High Falls into the Genesee River in Rochester, New York, no one thought to be concerned, but it quickly became apparent that something was wrong.
While some speculated that he was drunk, it's never been known for sure what exactly happened to Patch when he jumped into the river. But on November 13, Patch jumped, and his body was found four months later.
Vadim Sadovski/Shutterstock
According to NASA, an asteroid, 99942 Apophis., is expected to come within 20,000 miles of the Earth on April 13, 2029. This might not seem like a big deal, but it's actually extremely close in relation to space.
Although it's not expected to hit our planet, the closeness of the asteroid could cause damage on its surface — the gravity of Earth might cause avalanches on Apophis. And while NASA says it is expected to pass Earth "safely," it still calls it a "potentially hazardous asteroid."
Adobe (NASDAQ:ADBE) reported Q2 FY2025 results on June 12, 2025, posting record revenue of $5.87 billion, up 11% year over year, non-GAAP EPS of $5.06, up 13% year over year, and raising FY2025 revenue as well as GAAP and non-GAAP EPS targets. Management highlighted accelerated AI monetization and strong user growth, set against ongoing product innovation and successful market expansion across both Digital Media and Experience segments.
The following analysis distills distinct strategic, operational, and financial insights directly impacting the company’s long-term investment thesis.
Artificial intelligence (AI)-influenced annual recurring revenue (ARR) is tracking in the billions, while AI-direct ARR from products such as Acrobat AI Assistant, Firefly, and GenStudio is on pace to surpass the initial $250 million FY2025 target. Monthly active users (MAUs) across Acrobat, Express, and related offerings exceeded 700 million, with Express capability adoption inside Acrobat scaled approximately 11x year over year, and generative AI features usage grew more than 3x year over year.
"While our AI-influenced ARR is already contributing billions of dollars, our AI book of business from AI products, such as Acrobat AI Assistant, Firefly app and services, and Gen Studio for performance marketing, is tracking ahead of the $250 million ending ARR target by the end of fiscal 2025."
— Shantanu Narayen, Chair and CEO
The successful commercialization and deep user engagement from AI-driven products indicate a durable competitive advantage in both monetization velocity and product differentiation, reinforcing Adobe's leadership as the creative industry migrates toward AI-centric workflows.
Regulatory scrutiny of AI-generated content and rising industry litigation around copyright train models -- illustrated by lawsuits filed by Walt Disney and Comcast's NBCUniversal against AI image generator Midjourney -- have increased enterprise sensitivity to IP risk. Adobe underpins its Firefly models with commercially safe training data, including stock and other content it has access to, and compensates contributors, supporting widespread enterprise adoption and mitigating legal risk.
"... we have trained our Firefly models, as many of you know, on stock and other content that we have access to. We do have a contributor fund that pays out to those individuals. And as a result, we feel like we're in a very advantaged position when it comes to people choosing Model Health, especially in enterprises."
— David Wadhwani, President of Digital Media
This strategic focus on content provenance and transparent creator compensation enhances long-term enterprise adoption and positions Adobe as a safe harbor amid regulatory uncertainty, and reduces the risk of abrupt revenue headwinds from legal challenges.
Subscription revenue for the Business Professionals and Consumers group surged 15% year over year in Q2, while Creative Cloud Pro -- offering greater value at higher price points -- has already launched in North America, with global rollout underway. MAU growth for the combined Acrobat and Express funnel accelerated above 25% year over year, while Firefly app traffic grew over 30% quarter over quarter, and paid subscriptions nearly doubled.
"... we've been able to introduce the Creative Cloud Pro plan, which is a higher-priced plan, but has a lot more value integrated into the ecosystem of the desktop applications. But it also comes with the Firefly application as well. Then in the context of enterprises, we're seeing a huge growth of Firefly services and GenStudio for automation of that content."
— David Wadhwani, President of Digital Media
This granular "stratification" unlocks the ability to both upsell higher-value tiers and broaden market access, expanding the total addressable market while supporting double-digit top-line growth and margin durability for Adobe.
Management forecasts total revenue of $5.875 billion–$5.925 billion (GAAP) for Q3 FY2025, GAAP EPS of $4–$4.50, and non-GAAP EPS of $5.01–$5.20, with an adjusted operating margin of approximately 45.5%. Full-year FY2025 targets raised to $23.5 billion–$23.6 billion in total revenue, $17.45 billion–$17.5 billion Digital Media revenue, 12.1% Digital Media ending ARR growth, and $20.50–$20.70 non-GAAP EPS; AI-direct ARR set to exceed $250 million. Management reaffirmed Digital Experience subscription revenue guidance, and continued aggressive product innovation cadence across AI, mobile, and automation, ensuring robust near-term and structural long-term growth levers are in place.
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RH (NYSE:RH) reported Q1 2025 results on June 12, 2025, with revenue up 12% year over year, adjusted operating margin of 7%, adjusted EBITDA of 13.1%, and free cash flow of $34 million. The company maintained full-year guidance for revenue growth of 10%-13%, adjusted operating margin of 14%-15%, adjusted EBITDA margin of 20%-21%, and free cash flow of $250 million-$350 million, despite significant tariff-driven disruptions and an exceptionally depressed U.S. housing market.
This summary dissects key strategic advances in global expansion, pricing and membership strategy, and balance sheet optimization, linking each to explicit management commentary and situational context from this quarter's call.
Despite volatile macroeconomic and supply chain conditions, RH's international galleries posted robust demand growth, with RH England's gallery and online business up 47% and 44%, respectively, year over year, and continental European galleries RH Munich and RH Dusseldorf up 60% across two comparables. Management emphasized initial challenges optimizing inventory and assortments for European markets, where five-month lead times on special orders and earlier product localization missteps presented execution friction.
"... when you really look at the patterns, you look at it closely, you look at what you are doing right, you look at what you are doing wrong, is that the RH brand as it is today we believe we have kind of enough data to say it can be as disruptive and productive in Europe as it can be in America. You know? And that is what the early trends look like. The early trends are littered with what I would call just choppy execution. Right? A company in America trying to open a company in Europe. You know, we are not experts there. ... if we just do kind of three big things our team believes our business can double. That is how many customers you know, we are turning away. Know? And we have got five-month lead times on special orders. So I sit here and go, wait a yeah. We can see the trends across all of these galleries and you know, some better than others as you know, they are going to be and you know? But the most part you know, they are going to trend, I believe, over the next couple of years to levels that will drive four-wall profitability. You know, four-wall cash contributions as good or better than the U.S. That is what it is starting to look like."
— Gary Friedman, Chairman and CEO
Clear evidence of pent-up demand suggests that improving operational execution and localization in Europe will unlock material incremental profitability and accelerate global brand scalability, directly supporting the long-term international growth thesis.
Management unveiled a strategic increase in the RH membership discount from 25% to 30%, ending a five-year internal debate and signaling a structural shift rather than a temporary promotion; the change is permanent for all members going forward. The move follows a short-term 35% membership discount on outdoor products during a compressed peak season, explicitly aiming to augment market share while preserving long-term brand value and profitability.
"Just so you know, Simeon, the 30% is a strategic move. It is not it is not temporary. And our cash flow is our guidance. The 30% off membership is forever."
— Gary Friedman, Chairman and CEO
This structural, margin-supported discount enhancement is intended to directly displace competitors in a highly promotional home furnishings landscape.
At the start of fiscal 2025, RH reported significant debt, almost entirely resulting from $2.2 billion in share repurchases, but owns a unique real estate portfolio valued at approximately $500 million as of the beginning of the fiscal year, including joint ventures like over 30 properties in Aspen; this asset base is being positioned for opportunistic monetization via sale-leasebacks and direct sales, with management targeting $200 million to $300 million in excess inventory to be converted to cash over the next 12 to 18 months.
"We have quite a few galleries that are opening with, some that have already opened that we own that, you know, we will do sale leasebacks on. ... we have a lot of value in Aspen. We have a lot of value in multiple sale leasebacks. We still own some other properties. ... So we have a lot of flexibility. Yeah. It is not the easiest time to be, you know, real estate development business, you know, with interest rates where they are. But you know, you do not get it all right. ... But then again, you know, when we you know, look back at the assets we have and we can monetize and look at the momentum of the business that we have, we look at the cash flow potential of business. When you think about cycling this you know, this time that we, you know, we spent a lot of capital and it is expensive to build today. ... by next year, you know, that capital kind of gets behind us. And, you know, start throwing a lot of great cash flow up."
— Gary Friedman, Chairman and CEO
This diversified approach to unlocking embedded asset value and improving capital intensity is designed to fund growth and deleverage the balance sheet despite high prevailing interest rates.
Management reaffirmed its guidance, projecting revenue growth of 10%-13%, adjusted operating margin of 14%-15% for FY2025, adjusted EBITDA margin of 20%-21% for FY2025, and free cash flow generation of $250 million-$350 million, all assuming current tariffs remain unchanged. Q2 guidance anticipates revenue growth of 8%-10% and adjusted EBITDA margin between 20.5%-21.5%, with management noting that approximately six percentage points of Q2 revenue will be deferred but are expected to be recovered in the back half. The rollout of the new brand extension was postponed to spring 2026 due to tariff-driven uncertainty; the launch was originally planned for the second half of the fiscal year, but the global gallery opening schedule and multiyear capital expenditure reductions remain on course.
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This article was created using Large Language Models (LLMs) based on The Motley Fool's insights and investing approach. It has been reviewed by our AI quality control systems. Since LLMs cannot (currently) own stocks, it has no positions in any of the stocks mentioned. The Motley Fool recommends RH. The Motley Fool has a disclosure policy.
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