Oracle slips, Blue Owl down after report on force majeure notice

Blue Owl Capital

24/09/2026 14:03

** Oracle ORCL.N shares fall 4.3% to $138.50 in pre-market trading on Thurs after a Bloomberg News reports co is citing 'force majeure' to shield itself on a data center project
**  The notice to the developer of a New Mexico project is aimed at protecting Oracle from potential cost increases, Bloomberg reports, citing sources familiar with the matter
** Blue Owl OWL.N shares down 5.2% 
** ORCL's 5-year credit default swaps ORCL5YUSAX=MG hit an all-time high of 221.78 basis points, according to Markit data
** Reuters could not independently verify the report
** ORCL has plunged ~25.8% YTD, underperforming the S&P 500 .SPX's 12.6% rise, and is trading ~55% below its 52-week intraday high of $322.54 

 (Reporting by Rashika Singh in Bengaluru)
 ((Rashika.Singh@thomsonreuters.com;))