News category: Companies & Earnings
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Rep. Thomas Suozzi’s Estimated Net Worth Drops by $759K in a Month, Data Shows
According to estimates based on public financial disclosures, the New York congressman’s portfolio value has fluctuated with recent market movements,…
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Merck KGaA to Acquire Bio-Techne for $11.3 Billion, Expanding Life Sciences Portfolio
The all-cash offer of $73 per share represents a significant premium for the Minneapolis-based life sciences tool provider, marking a…
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Ferrari Marketing Chief Exits After 16 Years Following Electric Car Backlash
The departure of Chief Marketing and Commercial Officer Enrico Galliera comes just one month after the polarizing reveal of the…
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Anthropic Accuses Alibaba of Massive AI ‘Distillation Attack’ to Copy Claude Model
In a letter to U.S. senators, Anthropic detailed what it calls the largest known “distillation attack” against its systems, alleging…
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Micron Revenue Quadruples to $41.5 Billion Amid AI-Driven Memory Chip Shortage
The memory chip manufacturer posted record third-quarter results and provided a strong forecast, citing a structural undersupply of DRAM and…
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YouTube Settles Youth Mental Health Lawsuit Ahead of Major Trial
The settlement resolves one of the key test cases concerning social media addiction, though YouTube’s parent company Google still faces…
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Micron Shatters Wall Street Expectations With Record Earnings and Forecast Amid AI Memory Boom
The memory chip maker announced record-breaking quarterly results and a staggering forecast driven by the artificial intelligence infrastructure buildout. The…
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Trump Accuses Oil Firms of Price Gouging, Orders Justice Department Probe
Amid falling global crude prices following a recent U.S.-Iran peace deal, President Donald Trump has accused major oil companies of…
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SK Hynix Stock Sees Volatility Amid AI Demand Jitters and Plans for Massive $29 Billion U.S. Listing
Shares of the South Korean memory chip giant experienced a sharp drop on June 23 amid concerns over future AI…
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Apple Faces Two Major UK Class-Action Lawsuits Totaling Billions
The technology giant is embroiled in separate legal challenges in the United Kingdom. One case, concerning App Store commissions, awaits…