China has taken a significant step toward easing tensions in the global semiconductor supply chain by announcing it will exempt certain Nexperia chips from an export ban that has rattled automakers worldwide.This move comes just days after a pivotal meeting between US President Donald Trump and Chinese President Xi Jinping…
Pfizer has escalated its fight for obesity biotech Metsera by filing suit against both Metsera and Novo Nordisk in the Delaware Court of Chancery on October 31.The litigation challenges Novo’s bombshell $8.5 billion offer as legally superior to Pfizer’s original $7.2 billion deal announced in September.Metsera’s board declared Novo’s bid…
Canadian Prime Minister Mark Carney publicly confirmed on Saturday that he has apologized to US President Donald Trump for an anti-tariff advertisement funded by Ontario’s provincial government.The controversial commercial, which featured former President Ronald Reagan defending free trade, sparked significant tension between the two nations and prompted Trump to suspend…
Tesla stock was up over 3% at $455.29 in early trading Friday, as investors looked to move past a volatile October and into what has historically been a stronger month for the electric-vehicle maker’s stock. The strong gain came without any clear catalyst. There were no analyst rating changes or…
Getty Images Holdings Inc (NYSE: GETY) opened roughly 50% higher today after announcing a multi-year licensing agreement with a San Francisco-headquartered fast-growing search startup – Perplexity AI.The deal will integrate GETY’s editorial and creative visuals into Perplexity’s artificial intelligence (AI) powered search engine and browser, Comet. Additionally, the startup will…
Despite growing chatter about an artificial intelligence (AI) bubble, recent earnings from Silicon Valley’s biggest names – Google, Apple, Meta, Microsoft, and Amazon – actually paint a different picture altogether.These companies aren’t just talking about AI; they’re investing tens of billions of dollars into chips, infrastructure, and data centres to…
The fight over Elon Musk’s unprecedented $1 trillion pay package is intensifying ahead of Tesla’s annual shareholder meeting on November 6 in Austin, Texas. With the potential to make Musk the world’s first trillionaire, the 10-year compensation plan has divided some of Tesla’s largest investors, pension funds, and advisory firms,…
Reddit shares jumped more than 12% on Friday after the social media company posted third-quarter results that exceeded Wall Street estimates and delivered an upbeat outlook for the current quarter. The company’s revenue surged 68% from a year earlier to $585 million, topping the LSEG consensus estimate of $546 million.…
Amazon shares soared more than 12% on Friday to a 52-week high after the company posted stronger-than-expected third-quarter results and signaled renewed momentum in its cloud computing and advertising businesses. The performance eased investor concerns about Amazon Web Services (AWS), which had shown signs of slowing earlier this year, and…
Twilio Inc. shares soared Friday after the cloud communications company reported record third-quarter results that surpassed Wall Street expectations and projected a strong fourth quarter. The upbeat performance and guidance renewed investor confidence in the company’s growth trajectory after a challenging period of slowing margins earlier this year.Record revenue and…