Alibaba’s June Quarter: Strong Cloud Growth, Weak Profits, and Surging Capex
Alibaba reports 9% revenue growth to RMB269B. AI Cloud accelerates 45%, but heavy tech investments and e-commerce softness drive sharp profit declines.
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Ultragenyx’s GENGLYCOS Becomes First FDA-Approved Gene Therapy for Glycogen Storage Disease Type Ia
Ultragenyx’s GENGLYCOS receives accelerated FDA approval as the first gene therapy targeting the root cause of GSDIa in patients aged 8 and older.
Wolfspeed Q4 FY2026 Results: Revenue Misses Street Expectations as Negative Margins Persist
Wolfspeed reported Q4 FY2026 revenue of $150 million, missing Street estimates, with non-GAAP gross margin at –20% and guidance for continued negative margins.
Cerebras Unveils CS-4 and Nexus Architecture as Mizuho Sees 39% Upside and Potential Meta Deal
Mizuho believes that Meta could become Cerebras's third major CSP customer in the second half of 2026, following the launch of the CS-4 system and the Nexus architecture.
U.S. Steel Shares Fall as Reports Signal Halving of Canada Tariffs
Shares of Cleveland-Cliffs, Nucor and Steel Dynamics fell after a Bloomberg report signaled a deal to cut Canadian steel and aluminum tariffs from 50% to 25%.
Federal Judge Clears Path for Sable Offshore Pipeline Restart
Federal judge upholds emergency order allowing Sable Offshore to restart the Las Flores pipeline in California, rejecting the state’s challenge.