Spirit Airlines Shuts Down After 34 Years: First Major Victim of the Iran War Fuel Crisis
The board meeting ended with no agreement to rescue the company. The White House had proposed $500 million in financing for a 90% equity stake.
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#Event-Driven Stocks↓
Chinese EV Stocks Slide After Weak April Deliveries – NIO Drops 7.5%
Nio, XPeng, and Li Auto saw April sales drop from March, but new SUVs and tech could help them recover in the coming months.
Nebius Acquires Eigen AI to Make Token Factory the Fastest Inference Platform
Nebius is buying Eigen AI for $643M to make AI faster, cheaper, and improve real-time answers for businesses.
MARA Buys $1.5B Power Plant to Build Giant AI Campus in Ohio
MARA buys Ohio power plant campus for $1.5B to expand AI/data centers, boosting power capacity and future growth.
Hertz Surges as Oro Mobility Partners with Uber to Launch Robotaxi and Driver Fleets
Hertz jumps after teaming with Uber to run robotaxis and driver rides, expanding into self-driving and shared mobility markets.
Inseego Acquires Nokia’s Fixed Wireless Access Business to Create Global Wireless Broadband Leader
Inseego buys Nokia FWA unit to grow broadband, double revenue, and expand global reach; Nokia gets an 11% stake and partners on 6G/AI.