Business
Investment bank J.P. Morgan has upgraded its rating on Tesla from “underweight” to “neutral,” pointing to growing investor confidence in the company’s long-term potential beyond its core electric vehicle business. Analysts noted that Tesla’s valuation is increasingly......
Investors from China and Hong Kong will reportedly be excluded from participating in the upcoming initial public offering of SpaceX, according to a Bloomberg News report citing people familiar with the matter. The decision was communicated by lead underwriters managing the highly anticipated share sale,......
The chief executive of ASML has cautioned the European Commission against directly steering or monitoring so-called “strategic projects” as part of its broader push to strengthen Europe’s technological sovereignty. In a public reaction to recent policy proposals, ASML CEO Christopher......
Italian eyewear company iVision Tech has reported strong online sales after one of its sunglasses models gained unexpected global attention following a public appearance by French President Emmanuel Macron. The model, produced under the company’s Henry Jullien brand, surpassed 1,000 online sales......
A global shortage of aircraft engines and spare parts has left between 800 and 900 airplanes grounded, according to United Airlines Chief Executive Scott Kirby. Speaking at an industry conference, Kirby said the disruption has become the most significant structural challenge facing commercial aviation......
British broadcaster ITV remains actively engaged in discussions with Comcast-owned Sky regarding a potential agreement involving the sale of its media and entertainment division, according to the company’s chief executive. ITV CEO Carolyn McCall confirmed that negotiations are ongoing, emphasizing......
Demand for artificial intelligence chips continues to outpace global manufacturing capacity, according to TSMC Chief Executive C.C. Wei, who told shareholders that the company does not expect supply to meet demand for several more years. Speaking at the company’s annual shareholder meeting in Hsinchu,......
The expected wave of massive artificial intelligence initial public offerings this year could create short term pressure on global equity markets as investors reallocate capital to absorb some of the largest listings in recent history. Standard Chartered warned that the process may not be seamless, even......
Satya Nadella addressed growing scrutiny over the environmental impact of artificial intelligence infrastructure during a keynote at a major developer conference in San Francisco. He positioned the rapid expansion of cloud and AI data centers as essential for technological progress while arguing that......
Global sovereign wealth funds from the Gulf continued heavy investment activity despite the escalation of war involving Iran. A new sector report covering the March to May period shows that public investors across Gulf Cooperation Council states executed around 25 billion dollars in global transactions.......
Mastercard has announced significant changes to its executive leadership team, appointing Ling Hai as its new Chief Financial Officer (CFO) while current CFO Sachin Mehra transitions to a newly created role as Chief Business Officer. The move reflects the company's strategy to strengthen its global......
Shares of Fulcrum Therapeutics fell sharply by 50% in premarket trading after the company announced it was discontinuing development of its experimental sickle-cell disease treatment due to safety concerns raised by the U.S. Food and Drug Administration (FDA). The decision centers on the oral drug pociredir,......
DHL Express has stated that its aviation fuel supply for European operations remains secure throughout the summer, despite geopolitical uncertainty linked to the ongoing conflict involving Iran. According to DHL Express Europe CEO Mike Parra, the company does not currently face any fuel-related risks......
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