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.
Sam Bankman-Fried, the former head of FTX, just hit a big legal roadblock. A federal appeals court decided to uphold his fraud conviction, keeping his 25-year prison sentence for his part in the collapse of the cryptocurrency exchange.
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.
Shares of Adobe Inc. were losing around 4 percent in the pre-market activity on Nasdaq on Friday after the tech major announced that Dan Durn, its executive vice president and CFO, is departing on June 15 to join a new firm. Meanwhile, the company reported higher second-quarter results, issued third -quarter outlook, and upgraded fiscal 2026 outlook for adjusted earnings and revenues reflecting...
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.
Fox Corporation (FOX) shares fell 14.65 percent, losing $8.63 to $50.29 on Monday after the media company announced a definitive agreement to acquire Roku in a cash-and-stock transaction valued at approximately $22 billion in enterprise value.
Paranovus Entertainment Technology Ltd. (PAVS) shares surged 90.87 percent, gaining $0.1891 to $0.3971 on Monday after the company announced it had signed a non-binding letter of intent to acquire equity interests in Jabanero Inc., a consumer brand focused on women's activewear and lifestyle products.
Monday, SThree plc (STEM.L) announced the decision to extend James Bilefield's tenure as Chair for seven months, until April 2027. The decision comes as the Nomination Committee recommended to the Board a short, time-bound extension for James to remain as Chair until the conclusion of the company's...
NASA's X-59 experimental supersonic plane has reached a major milestone, flying in Mach 1.4 speed and an altitude of 55,000 feet, the conditions required for the aircraft to make future flights critical to its mission. NASA said that the X-59 still has months of performance testing ahead, but after those are complete, its Quesst mission will fly the aircraft over several U.S. communities to c
Fiserv, Inc. (FISV) shares declined 7.14 percent, losing $3.84 to $49.94 on Monday after the payments and financial technology company announced a leadership change.
On Monday, Innovex International, Inc. (INVX), an oil and energy company, announced that it has signed an agreement to acquire TCO Group AS in a cash and stock transaction valued at $95 million. On the NYSE, the shares of Innovex were trading 3.87 percent lower at $28.31. The investment is expected...
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.
Neumora Therapeutics Inc. (NMRA), a clinical-stage biopharmaceutical company, on Monday announced the discontinuation of the Phase 3 KOASTAL program evaluating Navacaprant for the treatment of major depressive disorder. Following the announcement, shares fell over 50% on Monday. The KOASTAL-2...
Johnson & Johnson (JNJ) announced positive results from its Phase 3 MonumenTAL-3 trial evaluating Talvey in combination with Darzalex Faspro, with or without pomalidomide, for the treatment of patients with relapsed/refractory Multiple Myeloma. Talvey, as monotherapy, was granted accelerated approval...
Nara Organics has announced the voluntary recall of all its infant formulas in the U.S. after an infant botulism case reported by the Centres for Disease Control and Prevention (CDC). As of Friday, June 12, 2026, the U.S. FDA has provided epidemiological information on three infant botulism cases...
Inhibrx Biosciences, Inc. (INBX) announced that the U.S. FDA has accepted its BLA for Ozekibart for the treatment of unresectable or metastatic conventional chondrosarcoma, a rare and aggressive bone cancer with no approved systemic therapies. The agency reported no filing review issues and assigned a PDUFA action date of April 14, 2027.
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...
Homebuilder confidence has seen a modest deterioration in the month of June, according to a report released by the National Association of Home Builders on Monday. The report said the NAHB/Wells Fargo Housing Market Index dipped to 35 in June after jumping to 37 in May. Economists had expected the index to edge down to 36.
Bulgaria's consumer price inflation accelerated slightly less than estimated in May to the highest level in more than two-and-a-half years. The consumer price index, or CPI, climbed 6.9 percent year-over-year in May, faster than the 6.8 percent rise in April. The rise in inflation was largely driven by a 21.6 percent jump in transportation costs.
A report released by the Federal Reserve on Monday showed a modest increase in industrial production in the U.S. in the month of May. The Fed said industrial production crept up by 0.1 percent in May after climbing by an upwardly revised 0.9 percent in April. Economists had expected industrial production to rise by 0.2 percent.
Slovakia's consumer price inflation softened slightly in May. Consumer prices rose 3.8 percent annually in May, following a 3.9 percent increase in April. Inflation based on food and non-alcoholic beverages eased to 0.3 percent from 1.0 percent. On the other hand, transport inflation was 9.4 percent, which was the highest growth in three-and-a-half years.