Elon Musk's spaceflight company Space Exploration Technologies Corp. or SpaceX (SPCX) announced Tuesday that its wholly-owned subsidiary X67, Inc. has agreed to merge with and into Cursor, the artificial intelligence (AI) coding startup developed by Anysphere, Inc., in an all-stock deal valued at about $60 billion.
Space Exploration Technologies Corp. (SPCX) has boosted the funds from its historic initial public offering to a massive $85.7 billion, with underwriters deciding to exercise their overallotment option, as mentioned in an investor relations update released on Monday.
Fox Corp. (FOXA, FOX) Monday said it has agreed to acquire Roku Inc. (ROKU) in a cash-and-stock transaction valued at approximately $22 billion, combining Fox's sports, news, and entertainment assets with Roku's connected-TV platform. Under the terms of the agreement, Roku shareholders will receive...
Reddit has introduced a new feature that lets users post videos right in the comment sections, opening up even more ways for everyone to join in on discussions throughout the platform.
Yum! Brands, Inc. announced Tuesday its definitive agreement to sell its popular brand Pizza Hut in two separate deals for $2.7 billion in the aggregate, subject to certain purchase price adjustments. Further, the firm's Board of Directors approved an incremental $4 billion share repurchase authorization, which will be conducted with the net after-tax proceeds.
KFC is kicking off a big global makeover aimed at drawing in a younger crowd, focusing on boneless chicken options, a wider range of sauces, and revamped restaurant designs, especially as the competition heats up in the fast-growing chicken market.
Morgan Stanley Investment Management, through funds managed by Morgan Stanley Real Estate Investing (MSREI), and Ridgeback Group have agreed to acquire Metra Living, the private rented sector housing business of London & Quadrant Housing Trust (L&Q), in a transaction valued at 1.045 billion pounds. The...
Tuesday, Moderna, Inc. (MRNA) announced several significant changes to its operating model to support its short- and long-term business goals to become a diversified, multi-modality biotechnology company. As part of the move, the company plans the potential launch of up to three new products in 2027...
Rackspace Technology, Inc. (RXT) stock gained 12.43 percent, or $0.74, to $6.65 on Tuesday, after the company announced a definitive agreement with AMD for the phased deployment of an initial 30-megawatt footprint of AMD-based compute infrastructure across Rackspace's global data centers from late 2026 through 2028.
On Tuesday, Equinix, Inc. (EQIX), a digital infrastructure company, announced that it has entered into a collaboration with Cisco Systems Inc. (CSCO) and NVIDIA Corp. (NVDA) to accelerate enterprise AI. Working with its partners, the company will enable customers to have AI security features from Cisco...
Sable Offshore Corp. (SOC) stock declined 10.95 percent, or $1.16, to $9.44 on Tuesday, after the company announced plans to launch a new senior secured term loan facility of up to $1.0 billion.
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.
Intelligent Bio Solutions Inc. (INBS), a medical technology company, on Tuesday announced initiation of a clinical study to support a 510(k) clearance from the U.S. Food and Drug Administration (FDA) its Fingerprint Drug Screening system for the opiate codeine. The system involves a portable mechanism...
WORK Medical Technology Group Ltd. (WOK) will implement a 1-for-100 reverse stock split of its Class A and Class B ordinary shares, with the change becoming effective at the market open on June 18, 2026.
Invivyd, Inc. (IVVD), a commercial-stage biopharmaceutical company, announced completion of participant enrollment in the Phase 3 LIBERTY clinical trial of VYD2311 for the COVID-19 indication. VYD2311 is an investigational monoclonal antibody or mAb candidate designed to neutralize contemporary virus...
Creative Medical Technology Holdings, Inc. (CELZ) has advanced Project PHOENIX into a nationwide virtual data-collection phase, marking the next operational milestone for its regulatory-approved, AI-driven registry designed to support U.S. veterans exposed to burn pits and toxic environmental hazards.
Redcare Pharmacy N.V. (SAE1.F, RDC.DE) Monday raised its full-year 2026 guidance after reporting stronger-than-expected trading during the first two months of the second quarter, driven by accelerating growth in both prescription (Rx) and non-prescription (non-Rx) sales. The online pharmacy operator...
The Treasury Department announced the results of this month's auction of $13 billion worth of twenty-year bonds on Tuesday, revealing the sale attracted above average demand. The twenty-year bond auction drew a high yield of 4.927 percent and a bid-to-cover ratio of 2.75. Last month, the Treasury...
A report released by the Labor Department on Tuesday showed import prices in the U.S. shot up by much more than expected in the month of May. The Labor Department said import prices jumped by 1.9 percent in May after leaping by an upwardly revised 2.0 percent in April.
The Commerce Department released a report on Tuesday showing another steep drop in new residential construction in the U.S. in the month of May. The report said housing starts plunged by 15.4 percent to an annual rate of 1.177 million in May after tumbling by 8.5 percent to a revised rate of 1.392 million in April.
A report released by the Labor Department on Tuesday showed import prices in the U.S. shot up by much more than expected in the month of May. The Labor Department said import prices jumped by 1.9 percent in May after leaping by an upwardly revised 2.0 percent in April. Economists had expected import...
The world is preparing for the much awaited news of Space Exploration Technologies Corp. or SpaceX, tech visionary Elon Musk's brain child, starting trading on the U.S. Market for the first time. The initial public offering or IPO, which is deemed to be the largest stock market debut in history, is making Musk world's first trillionaire.