Business

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.

Tom Brady’s Iconic Watch Collection and Sports Memorabilia Up for Auction

Legendary quarterback Tom Brady is offering his personal collection of luxury watches and sports memorabilia for auction this December, through Sotheby’s. The collection, titled...

MLS Partners with OneFootball to Expand Global Reach and Engage Fans with Digital Content

Major League Soccer (MLS) has announced a strategic partnership with German digital media platform OneFootball, aiming to broaden its global audience by offering highlights,...

Impulse Space Raises $150 Million to Expand Orbital Transfer Vehicle Production

Los Angeles-based space startup Impulse, led by former SpaceX engineer Tom Mueller, has raised $150 million in a new funding round led by Founders...

PepsiCo Acquires Siete Foods for $1.2 Billion in Major Health-Focused Expansion

PepsiCo has announced the acquisition of Mexican American food company Siete Foods for $1.2 billion, marking its first food-related acquisition in five years. This...

GM’s Third-Quarter Sales Decline by 2.2%, Boosted by Electric Vehicle Growth

General Motors (GM) reported a 2.2% drop in third-quarter sales for 2024, with total vehicle sales amounting to 659,601 units. This decline was slightly...

Nike Withdraws Full-Year Guidance Amid CEO Transition and Slowing Sales

Nike has announced the withdrawal of its full-year guidance and the postponement of its investor day as the company prepares for a leadership transition....

AWS TechFest Highlights AI Solutions for Business Transformation in Hong Kong

Artificial intelligence is no longer just a buzzword but a critical tool for business survival, with 65% of organizations already integrating GenAI into their...

Alibaba Launches Free Delivery Promotion for Taobao Shoppers in Hong Kong

Alibaba Group Holding has announced a three-month promotion that will waive delivery charges for Taobao users in Hong Kong on orders exceeding 99 yuan...

Intel Nears $8.5 Billion Funding Deal with U.S. Government to Boost Chip Manufacturing

Intel is on the verge of finalizing an $8.5 billion funding deal with the U.S. government, expected to close by the end of the...

FDA Approves New Schizophrenia Drug Cobenfy, Offering Hope for Patients

The FDA has given the green light to Cobenfy, a highly anticipated schizophrenia medication from Bristol Myers Squibb, marking the first new type of...

Radiation Data from NASA’s Artemis I Mission Sheds Light on Space Travel Risks

Scientists have gained critical insights into the dangers of radiation exposure for astronauts traveling beyond Earth's magnetic field, thanks to data collected during NASA's...

Mark Zuckerberg’s Latest AR Glasses Reveal and His Passion for Ancient Rome

Mark Zuckerberg’s fascination with the Roman Empire was on full display at Meta’s annual Connect event in Menlo Park, California, where the CEO unveiled...

Meta Unveils Quest 3S and Advances in AR Glasses at Connect Event

Meta has launched the Quest 3S, its latest virtual reality headset, at the Connect event in Menlo Park, California. Priced at $299, the Quest...

Alibaba Unveils Over 100 Open-Source AI Models and Upgrades Proprietary Technology to Compete Globally

Alibaba has announced the release of over 100 open-source artificial intelligence models, alongside significant upgrades to its proprietary technology, as it seeks to strengthen...

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