Amazon Eyes Globalstar Takeover to Challenge Starlink
Amazon is negotiating to acquire Globalstar to speed up its satellite internet project and compete with Elon Musk’s Starlink. Apple’s 20% stake adds complexity to the deal.
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Connect Biopharma Insider Buying: Panacea Venture Adds 1.16M Shares
Director James Huang and Panacea Venture bought 1.16 million shares of Connect Biopharma at $3.45, boosting their stake to 21.2%.
Blackstone and Bank of America Back Oracle’s $16 Billion Michigan AI Project
Oracle is finalizing a $16 billion deal—after months of stop-and-start negotiations—to build a massive AI data center in Michigan. Despite local pushback and Wall Street scrutiny, the project is moving forward rapidly with backing from Blackstone and BofA.
FDA Delays Popular Nicotine Pouches Over Youth Risks
Popular nicotine pouches like Zyn and Velo remain unapproved in the US despite FDA fast-track. Agency hesitates due to rising youth use and addiction concerns.
FDA Just Approved Foundayo: The Only GLP-1 Weight-Loss Pill You Can Take Anytime, Anywhere
Eli Lilly’s Foundayo (orforglipron) is now FDA-approved — the only GLP-1 pill for weight loss you can take any time of day, with or without food or water. Average 27 lb loss.
Wells Fargo Sees Sharp Recovery for Boeing – Starts with Overweight
Wells Fargo starts coverage on Boeing with an Overweight rating and $250 price target. Strong free cash flow recovery expected as MAX and 787 production ramps up.