Markets
IREN Budgets $25 Billion To $30 Billion For Its AI Build-Out — More Than Its Entire $13.9 Billion Market Value
IREN stock has plunged 54% from highs earlier this year.
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Markets
Novavax Up 12.1% And Relmada Up 10.7% As Biotech ETF Gains 2.8% Friday, Beating The S&P 500
Six of 112 major biotech names led Friday's move, while the sector ETF rose 2.8% against 0.5% for the S&P 500 proxy.
Markets
Moderna Stock Surges 12% On First Day In The Nasdaq-100, Adding Nearly $10 Billion To Reach Highest Level Since 2022
Shares jumped to their highest point since 2022 as Moderna joined the index, extending a nearly 600% run so far this year.
Markets
AST SpaceMobile Stock Falls 12% As SpaceX Agrees To Buy Spectrum AST Also Wanted
Roth Capital says SpaceX's reported $8 billion spectrum deal raises competition for AST, though it could also pull AST closer to carriers.
Markets
Raytheon Gets $4.43 Billion Base Missile Defense Contract, With $454.2 Million Obligated And $6.34 Billion Including Options
The Standard Missile-3 Block IB award is undefinitized, so final terms and price are still to be negotiated.
Markets
USTR Asks Mexico To Review Union Rights At Puebla Auto Parts Plant, Freezes Customs Liquidation On Its Goods
Mexico has 10 days to say whether it will review GLM Components Mexico; the step is a process under the USMCA, not a tariff.
Markets
White House Fact Sheet Lists $2.4 Billion In Industry AI Compute Credits Inside A $6 Billion Science Package
The administration's fact sheet names NVIDIA at $1 billion, AMD at $500 million and eleven partners in all for the Genesis Mission Consortium.
Markets
14 Economies Join U.S. In Pledge To Tackle Industrial Overcapacity, But No Tariffs Are Named
The joint statement sets up sector-by-sector working groups, names five target sectors and a technical meeting before December 2026, but no tariff or rate.
Markets
Caribou Biosciences Plans To End Both CAR-T Programs, Cut Staff And Explore A Sale Or Merger
An 8-K puts restructuring costs at $15 million to $19 million, with Wedbush engaged as exclusive financial advisor.
Markets
Hertz Shares Rise 17% Tuesday; Board Overhaul Was Disclosed Last Thursday
Hertz shares rose about 17% Tuesday; its latest disclosures cover a three-seat board overhaul and a November 5 results date.
Markets
WBD Shareholders Get $31.01666668 Per Share In Cash As Skydance Closes Deal And Zaslav Exits
The 8-K says all 13 directors left the board and Warner Bros. Discovery asked Nasdaq to delist its stock.
Markets
FDA Says Three Walmart.com Herpes-Symptom Products Are Unapproved Drugs, Sets 15-Business-Day Deadline
The agency's warning letter says Walmart shipped HClear for him, Herstat GST and Terragen HG Formula; no OTC drug is approved for any STI.