US Government Makes Massive $1.6B Investment in Rare Earth Mining
Trump administration invests $1.6 billion in USA Rare Earth company, securing 10% stake to boost domestic production of critical minerals essential for technology and defense.
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Merck Ends Talks to Buy Cancer Biotech Revolution Medicines in $30B Deal
Merck has walked away from negotiations to acquire Revolution Medicines after failing to agree on price for the promising cancer drug developer valued around $30 billion.
Intel's Supply Crunch Opens Door for AMD's Server CPU Dominance
Intel's 10-K filing reveals foundry struggles and server CPU challenges while AMD capitalizes on supply advantages through TSMC partnership, gaining significant data center market share.
Fairmount Funds Sells $133.5M Stake in Apogee Therapeutics
Apogee Therapeutics stock drops 12% after major investor Fairmount Funds Management sells 1.75 million shares worth $133.5 million, significantly reducing its position.
Microsoft Earnings Preview: Wall Street Optimistic Despite Price Target Cuts
Wall Street analysts remain bullish on Microsoft ahead of earnings but trim price targets amid software sector selloff. Azure growth and AI adoption remain key focus areas.
California Sues Trump Administration Over Oil Pipeline Authority
California Attorney General Rob Bonta files lawsuit against Trump administration for reclassifying state pipelines as interstate to permit Sable Offshore oil operations.