Musk's Share Purchase Ignites Tesla Stock Rally
Elon Musk bought $1B in Tesla stock, his first since 2020, sending shares soaring. This "vote of confidence" boosts the company amidst challenges, with hopes for AI & robotaxis to add $1T to its value.
/ 455 items
#BUZZ↓
California Energy Leaders Unite: CRC and Berry Merger
California energy giants CRC and Berry are merging! This all-stock deal creates a stronger leader, cutting costs by $80-90M annually, boosting cash flow, and giving Berry shareholders a 15% premium. Expected to close Q1 2026.
Alaska Air's Q3 Profitability Hurt By Fuel Costs, Operational Headwinds
Alaska Air Group expects Q3 earnings at the low end ($1-$1.40) due to high fuel costs ($2.50-$2.55/gal) & summer operational issues (weather, IT outage). Still, revenue is strong, unit revenue is high, & their new loyalty program and credit card are a big success!
Ocugen Licenses OCU400 Gene Therapy to Kwangdong for Korean Market
Ocugen partnered with Kwangdong to bring OCU400, a potential one-time gene therapy for RP blindness, to Korea. This could help 7,000 patients and brings Ocugen up to $7.5M upfront + royalties.
Hesai Secures Huge LiDAR Deal for US Robotaxis!
Hesai, a top Chinese LiDAR maker, won a $40M+ deal to supply US robotaxis as their sole LiDAR provider by 2026. This is Hesai's second US deal this month, reinforcing its global leadership in autonomous driving tech for L4 robotaxi fleets.
China Probes Nvidia Acquisition over Anti-Monopoly Concerns
China found Nvidia violated anti-monopoly laws over its 2020 Mellanox acquisition, breaking conditional approval terms. Beijing continues its probe, raising tensions during ongoing US-China trade talks.