STMicroelectronics Scores Major AI Chip Deal with Amazon
STMicroelectronics shares jump 7% after securing multibillion-dollar AWS partnership to supply AI data center chips, marking European chipmaker's entry into booming AI infrastructure market.
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Morgan Stanley Starts Coverage on Mara Holdings with Cautious Outlook
Morgan Stanley gives Mara Holdings (MARA) an Underweight rating and $8 target, citing bitcoin mining economics and limited upside from data center transitions.
Kroger Taps Former Walmart and Airline CEO as New Leader
Kroger plans to hire Greg Foran, ex-Walmart US chief and Air New Zealand CEO, as new CEO following Rodney McMullen's departure after board investigation.
SoFi Stock Upgrade to Outperform: $30 Target After Pullbacks
Citizens analyst upgrades SoFi with a $30 target, citing growth potential and technical-driven selloff rather than fundamental weakness.
Hims Pulls Copycat Wegovy Weight-Loss Pill After Federal Pressure
Hims & Hers Health stops selling its cheaper Wegovy copycat pill just two days after launch following FDA crackdown and Justice Department investigation into compounded weight-loss drugs.
FDA Cracks Down on Compounded GLP-1 Weight Loss Drugs
FDA plans to restrict non-approved compounded GLP-1 drugs sold by Hims & Hers and compounding pharmacies, citing safety concerns and misleading marketing practices.