Aurora Innovation (AUR) Partners with McLane Company to Launch Driverless Commercial Hauls
Article excerpt
Meridian Funds, managed by ArrowMark Partners, released its second-quarter 2026 investor letter for "Meridian Hedged Equity Fund". The letter can be downloaded here. U.S. equities rebounded strongly in the second quarter, recovering from an earlier selloff due to geopolitical tensions, primarily with Iran. The easing of these tensions caused crude oil prices to drop significantly, yet inflation remained a concern, with consumer prices rising 4.2% year-over-year in May. The Federal Reserve held interest rates steady but hinted at future hikes, reflecting a hawkish shift under new Chair Kevin Warsh. While the Meridian Hedged Equity Fund gained 4.50% during this period, it lagged behind the S&P 500's 15.20% return. The Fund focuses on high-quality companies, balancing growth potential with risk management through covered call options. Moving forward, the firm anticipates volatility but views it as a potential opportunity and is committed to disciplined research and investing in businesses with solid fundamentals and long-term growth prospects. Also, check the fund's top five holdings to see its best picks in 2026. In its second-quarter 2026 investor letter, Meridian Hedged Equity Fund highlighted Aurora Innovation, Inc. (NASDAQ: AUR ). Aurora Innovation, Inc. (NASDAQ:AUR) is a US-based self-driving technology company. On September 03, 2026, Aurora Innovation, Inc. (NASDAQ:AUR)...
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Performance was fueled by critical commercial milestones, including the launch of driverless hauls for McLane Company and an agreement with Hirschbach Motor Lines for a future fleet of 500 autonomous trucks.
