Energy Fuels to Acquire VAC for $1.9 Billion, Creating First Western Mine-to-Magnet Platform
The deal combines mining, processing, and magnet manufacturing for EVs, defense, and clean energy.
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#Event-Driven Stocks↓
Avis Budget Group Settles $650 Million Lawsuit with Pentwater
Avis Budget Group has reached a $650 million settlement with Pentwater Capital to resolve its short-swing profits lawsuit. The agreement is subject to court approval.
Lucid Cuts 18% of U.S. Workforce and Eliminates COO Role to Cut Costs
The restructuring is expected to deliver $158 million in annual cost savings.
AeroVironment Shares Plunge After Goodwill Impairment Restatement Error
AeroVironment stock fell after it found an accounting error, overstating assets and losses, requiring a report restatement.
DeepMind Talent Exodus Hits Alphabet: Nobel Winner John Jumper Joins Anthropic
Another major exit follows Noam Shazeer’s move to OpenAI.
Micron Partners with Anthropic on Memory, Supply, and AI Infrastructure Push
Micron Technology and Anthropic announce a major strategic partnership covering AI memory optimization, long-term supply, enterprise adoption, and Micron’s investment in Anthropic’s Series H round.