Jefferies Initiates Buy Coverage on IREN with $79 Price Target on AI Pivot
The analyst highlights the company’s large powered land bank and strategic pivot to AI cloud infrastructure.
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Biogen Acquires RayThera for Up to $1 Billion to Expand Immunology Pipeline
The deal adds multiple early-stage small-molecule immunology assets to Biogen’s pipeline, with the lead candidate entering Phase 1 in Q3 2026.
Trump Announces Apple-Intel Partnership to Manufacture Chips in the U.S.
Apple will work with Intel to make chips in the U.S., reducing reliance on Asia and boosting Intel’s business and stock.
Rumble Completes Northern Data Acquisition, Rebrands Corporate Parent as RUM Group
Rumble has completed its acquisition of Northern Data and will now operate two core businesses: Rumble (video platform) and Quake AI (AI & cloud infrastructure), backed by 22,000 NVIDIA GPUs and major power capacity.
Allbirds Is Dead. Long Live Smartbird: Inside the Company’s Bold Bet on AI
Allbirds has officially become Smartbird. The former footwear company sold its shoe brand, appointed AI veteran Nadia Carlsten as CEO, and is now an AI infrastructure provider.
Avista Pauses 500 MW Data Center Deal Amid Community Backlash and Spokane Moratorium
Avista pauses a big data center deal after local pushback and permit moratorium, putting $350M growth plan at risk.