Ginkgo & OpenAI Slash Protein Synthesis Costs by 40%
Ginkgo Bioworks teams up with OpenAI to cut cell-free protein synthesis costs by 40% using AI and cloud lab automation.
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Gemini Crypto Exchange Cuts 25% of Workforce, Exits Europe and Australia
Gemini Space Station announces 200 job cuts and exits UK, EU, and Australia markets as part of $11M restructuring to focus on US and Singapore operations.
DraftKings Faces Rising Competition From Kalshi, New Report Says
A new short-seller report highlights growing competitive pressure on DraftKings from prediction market platform Kalshi, citing user growth, broader betting options, and expanding distribution.
Rio Tinto Abandons Glencore Mega-Merger Over Price Disagreement
Rio Tinto walks away from acquiring Glencore after failing to agree on price, ending talks for what would have been the world's largest mining company merger.
SiriusXM Beats Expectations with Subscriber Growth and Howard Stern Renewal
SiriusXM (SIRI) reports surprise Q4 subscriber gains of 110K, driven by Howard Stern renewal, new Megyn Kelly channel, and innovative subscription features. Stock jumps 12%.
BofA Gives Wave Life Sciences a Buy Rating, Eyes $38 Target
Bank of America starts coverage of Wave Life Sciences (WVE) with a Buy rating. Analyst highlights WVE-007 in obesity as a major growth driver, with peak sales above $11B.