US Politics & Business News
Rivian Automotive (RIVN) stock suffered its steepest single-day decline in nearly two years on Tuesday, plunging 18% after the company announced a major public share offering. The electric vehicle maker said it plans to sell 75 million shares of its Class A common stock in a public offering, triggering immediate and sharp selling pressure from…
Micron Technology (NASDAQ: MU) shares have fallen sharply, dragging fellow memory stocks lower as investors question whether the sector’s historic rally has peaked. Micron and SanDisk (NASDAQ: SNDK) stocks were both down more than 6% in Tuesday’s pre-market trading, rattling confidence across the broader memory complex. The selloff was triggered in part by Samsung Electronics’…
Vodafone Ireland used AST SpaceMobile’s BlueBird satellites to successfully run voice and data services for emergency communications across Europe. The test demonstrated that frontline responders could maintain connectivity even when ground-based networks were completely unavailable. The result marks a significant operational milestone for AST SpaceMobile (NasdaqGS: ASTS), shifting the company’s story from theoretical capability to…
D-Wave Quantum Inc. (NYSE: QBTS) has been selected to receive a $1,566,250 grant from the U.S. National Science Foundation through its National Quantum Virtual Laboratory program. The funding connects D-Wave to the ERASE project, which stands for Erasure Qubits and Dynamic Circuits for Quantum Advantage, targeting foundational fault-tolerant quantum computing technologies. D-Wave describes itself as…
Lockheed Martin (LMT), the world’s largest defense contractor, has announced a definitive agreement to acquire Ultra Maritime for $3.45 billion, deepening its undersea warfare capabilities. Ultra Maritime specializes in anti-submarine warfare, bringing advanced sonar, torpedo defense, and autonomous sensing technologies into LMT’s Rotary and Mission Systems division. The acquisition signals Lockheed’s strategic push to deliver…
Adobe (ADBE) stock has declined roughly 63% over the past five years, yet valuation metrics now suggest the software giant trades at a significant discount to peers. The company currently carries a price-to-earnings ratio of 12.1x, well below the broader software industry average of 28.1x and a peer group average of 57.4x. A forward P/E…
A landmark secret-shopper study published in JAMA reveals how dangerously easy it has become to obtain GLP-1 weight-loss prescriptions online. Researchers found that some telehealth websites issued prescriptions for semaglutide and tirzepatide in as little as five minutes, with minimal clinical oversight. The study examined 49 websites selling branded or compounded versions of semaglutide or…
Tesla (TSLA) shares could surge roughly 20% as analysts factor in a growing probability of a merger with SpaceX, according to a new note from RBC Capital Markets. RBC analyst Tom Narayan raised his price target on Tesla to $500 from $475, incorporating both a revised standalone valuation and a premium tied to a potential…
TTRF Capital Ltd has initiated a new stake in IREN Limited (IREN), according to a July 6, 2026 SEC filing disclosing the firm’s latest portfolio moves. The investment firm acquired 66,817 shares of the data center and Bitcoin mining company during the quarter, representing a 2.0% allocation of its reportable equity assets. The net position…
TTRF Capital has initiated a new position in Nebius Group (NASDAQ: NBIS), an AI infrastructure provider, making it the fund’s single largest holding. The stock has quadrupled over the past year, reflecting surging investor appetite for companies building the physical backbone of artificial intelligence computing. Nebius Group N.V. is a technology company focused on building…