Lynn Hatem

Lynn Hatem covers world news, culture, and lifestyle for Beijing Times, following the stories and trends shaping contemporary life around the globe.

Rocket Lab Stock Falls Sharply From Peak as Analysts Split on Recovery Prospects

Rocket Lab shares have fallen about 57% from their peak, dividing analysts over whether the space company's decline is a buying opportunity or a warning si

US Health Officials Tighten Oversight of Food Ingredients but Defer Ultra-Processed Definition

US health officials moved to close a food ingredient loophole but again deferred defining ultra-processed foods amid mounting safety concerns.

SpaceX Shares Reclaim $135 IPO Price as Rally Extends Through Monday Close

SpaceX shares have climbed back to their $135 IPO price, recovering post-debut losses as a buying rally extended through Monday's close.

Nvidia and Wall Street Giants Plan $500 Billion Financing Push for AI Infrastructure

Nvidia is reportedly teaming with major Wall Street banks on a $500 billion financing push to fund the global buildout of AI infrastructure.

Vertex Shares Climb as Rival Sionna’s Cystic Fibrosis Drug Fails Key Trial

Vertex Pharmaceuticals shares surged after rival Sionna Therapeutics saw its stock plunge roughly 90% on a failed cystic fibrosis drug trial.

Sony and TSMC Plan $6.3 Billion Joint Venture to Produce Image Sensors in Japan

Sony and TSMC are set to invest about $6.3 billion in a joint venture to manufacture advanced image sensors in Japan, deepening their chip partnership.

Bristol Myers Squibb to Build $2.3 Billion Manufacturing Campus in Houston, Texas

Bristol Myers Squibb will build a $2.3 billion manufacturing campus in Houston, adding jobs and expanding its US production capacity amid an onshoring push

Intel Launches $15 Billion Stock Sale as Turnaround Rally Lifts Shares

Intel plans to sell about $15 billion in common stock after a 400% share rally, funding growth in AI, custom chips and advanced packaging.

TSMC Sales Surge 45% in July as AI Chip Demand Fuels Record Growth

TSMC posted a 45% surge in July revenue as demand for AI chips from customers like Nvidia and Google continues to drive record growth for the chipmaker.

Wayfair Posts Strongest U.S. Growth Since 2020 in Second-Quarter Turnaround

Wayfair reported its strongest U.S. sales growth since 2020 in the second quarter, signalling a rebound for the online home goods retailer.

Unitree Valued at Over 7.4 Billion Yuan Following IPO, Citic Estimates

Chinese robotics maker Unitree is expected to be worth more than 7.4 billion yuan (about $1 billion) following its planned IPO, according to Citic Securiti

Kimberly-Clark Cuts Annual Forecasts After China Social Media Disruption Hits Diaper Sales

Kimberly-Clark lowered its full-year forecasts after a social media disruption in China weighed on Huggies diaper sales and cut quarterly profit.

Caterpillar Profit Climbs as Data Center Buildout Powers Equipment Demand

Caterpillar's second-quarter profit rose on strong demand for power and construction equipment amid a nationwide data center buildout.

Pfizer Beats Quarterly Estimates on Strong Non-Covid Sales, Lifts Revenue Floor

Pfizer topped quarterly profit and revenue estimates on strong Eliquis demand, raising its revenue floor while cutting Covid product forecasts to $4 billio

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