Elon Musk's spacecraft maker Space Exploration Technologies Corp. or SpaceX (SPCX) is preparing to issue an investment-grade bond offering of at least $20 billion to refinance a temporary bridge loan due in September 2027, reports said citing sources familiar with the matter. SpaceX's bankers are...
Canadian space technology firm MDA Space Ltd. (MDA, MDA.TO) announced on Friday that it has agreed to acquire U.S. spacecraft maker Blue Canyon Technologies LLC for $620 million or C$874 million in cash from Raytheon, an RTX Corp. (RTX) business. The acquisition will add $3.5 billion, or about C$4.9...
French drug major Sanofi (SNY, SAN.PA) announced Friday that Sarclisa (isatuximab) subcutaneous (SC) formulation combination therapy has been approved in Japan for patients with multiple myeloma. In a statement, the company that the Ministry of Health, Labour and Welfare in Japan has granted approval...
Energy company Equinor ASA (EQNR, EQNR.OL) announced Friday an investment of just over 4 billion Norwegian kroner by the firm and its partners in a new subsea development that will increase gas production from the Troll field in the North Sea. Equinor's partners in the Troll West Increased gas recovery...
Dutch lifestyle ecommerce company Prosus N.V. (PROSF.PK), affiliated to Naspers Ltd. (NPSN.L, NPN.JO), reported Friday strong growth in fiscal 2026 revenue and profitability of consolidated businesses and investments, most notably Tencent. Further, the company projects higher headline and core headline...
Shares of BHP Group Ltd. (BHP, BLT.L, BHP.AX, BHP.L) were losing around 5 percent in Australian trading after the mining giant announced that it plans to record around $2.3 billion impairment charge in relation to its investment to date in the Jansen potash project. In a statement, BHP confirmed that...
After coming under pressure late in the previous session, stocks showed a significant move back to the upside in early trading on Thursday and continued to turn in a strong performance throughout the day. The rebound on Wall Street partly reflected a positive reaction to news the U.S. and Iran have officially signed a preliminary agreement to end the Middle East war.
Stocks have moved sharply higher during trading on Thursday, largely offsetting the weakness seen late in the previous session. The major averages have all moved back to the upside, with the tech-heavy Nasdaq leading the rebound. Currently, the major averages are off their highs of the session but still firmly positive.
The U.S. Food and Drug Administration has approved the first generic of Xofluza (baloxavir marboxil) tablets, the first single-dose treatment for acute uncomplicated influenza and prophylaxis in patients 5 years of age and older. This approval is to increase the availability of generic drugs in time...
A report released by the Conference Board on Thursday showed its reading on leading U.S. economic indicators edged higher for the second straight month in May. The Conference Board said its leading economic index inched up by 0.1 percent in May after rising by 0.2 percent in April. The uptick matched economist estimates.
Philadelphia-area manufacturing activity expanded overall in the month of June, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday. The Philly Fed said its diffusion index for current general activity shot up to a positive 10.3 in June from a negative 0.4 in May, with a positive reading indicating growth.
Noam Shazeer, Vice President of Engineering at Alphabet Inc. (GOOG)-owned Google and one of the key leaders behind the company's Gemini AI project, has announced his decision to leave the company to join OpenAI. "I'm excited to share that I'll be joining OpenAI and look forward to working with the...
A report released by the Labor Department on Thursday showed a modest pullback in first-time claims for U.S. unemployment benefits in the week ended June 13th. The Labor Department said initial jobless claims dipped to 226,000, a decrease of 4,000 from the previous week's revised level of 230,000. Economists had expected jobless claims to edge down to 225,000.
Brookfield Business Corp. (BBUC, BBUC.TO) announced Thursday its agreement to sell global construction business Multiplex to Japanese construction company Obayashi Corp. (OBYCF, 1802.T) for $650 million. In pre-market activity on the NYSE, Brookfield shares were gaining around 2.13 percent, trading...
Thursday, Life360, Inc. (L360.F), along with Uber Technologies, Inc. (UBER), announced that Life360 members can now request and coordinate Uber rides for teens and other family members directly within the Life360 app. The partnership combines Uber Family's trusted ride platform and safety features...
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.