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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.

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.

US Appeals Court Clears Path for Thousands of Social Media Addiction Lawsuits

A US appeals court has allowed thousands of lawsuits accusing social media firms of addicting young users to move forward, testing Section 230 protections.

Apple’s Services Division Reaches $100 Billion Milestone, Continues to Fuel Growth

Apple’s services division, now the company’s second-largest revenue source after the iPhone, has reached an impressive $100 billion annual run rate. In its latest...

Peloton Appoints Former Ford Exec Peter Stern as New CEO to Boost Subscription Growth

Peloton announced on Thursday that Peter Stern, an executive from Ford and a co-founder of Apple Fitness+, will step in as its new CEO...

Ford Pauses F-150 Lightning Production Amidst EV Market Challenges

Ford Motor Company has announced a temporary halt in the production of its all-electric F-150 Lightning, set to begin on November 18 and extend...

Starbucks CEO Unveils Strategy to Enhance Speed, Simplicity, and Customer Experience

Starbucks CEO Brian Niccol has outlined a comprehensive strategy to revitalize the coffee chain’s U.S. business as it navigates three straight quarters of declining...

Comcast Explores Spinoff of Cable Networks Amid Industry Shifts

Comcast is exploring the possibility of separating its cable networks, including Bravo, E!, Syfy, USA Network, MSNBC, and CNBC, into a new entity, according...

Governor Newsom Proposes $750 Million Annual Tax Credit for California Film Industry

California Governor Gavin Newsom has proposed a significant increase in funding for the state’s film and television tax credit program, aiming to boost production...

Universal Music and SoundLabs Release AI-Produced Spanish Version of Brenda Lee’s Holiday Classic

On Friday, Universal Music Group (UMG) released "Noche Buena y Navidad," a Spanish rendition of Brenda Lee's iconic 1958 holiday song "Rockin' Around the...

HKSTP Takes 25 Start-Ups to Saudi Arabia to Boost Innovation Ties at FII Forum

Hong Kong Science and Technology Parks Corporation (HKSTP) is launching its largest overseas delegation by bringing 25 Hong Kong-based start-ups to the Future Investment...

Hong Kong Introduces First AI Guidelines for Financial Services at FinTech Week

Hong Kong has introduced its first set of guidelines for the responsible use of artificial intelligence (AI) within the financial sector during the annual...

Waymo Secures $5.6 Billion in Series C Funding to Expand Robotaxi Service

Waymo, Alphabet’s autonomous driving venture, has closed a substantial $5.6 billion Series C funding round to expand its robotaxi service, currently available in Los...

Oppo and BYD Partner to Integrate Smartphones with Smart Cars, Expanding AI Capabilities

Chinese smartphone leader Oppo has entered into a strategic partnership with electric vehicle (EV) manufacturer BYD to enhance the interoperability between advanced smartphones and...

WeRide Files for $119.4 Million Nasdaq IPO Alongside $320.5 Million Private Placement

Chinese self-driving start-up WeRide has filed for an initial public offering (IPO) on Nasdaq, aiming to raise up to US$119.4 million, according to a...

Horizon Robotics IPO Surges in Hong Kong, Raising $696 Million

Shares of Horizon Robotics, a leading Chinese autonomous-driving technology firm, surged during their debut on the Hong Kong Stock Exchange, marking the second-largest initial...

Tesla to Launch Driverless Ride-Hailing Services in California and Texas by 2025

Tesla CEO Elon Musk announced on Wednesday that the electric vehicle giant plans to introduce driverless ride-hailing services in California and Texas next year....

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