Alphabet's stock declined after the company missed its June deadline for the launch of its Gemini 3.5 Pro AI model, fueling investor concerns over its execution speed in the competitive AI landscape.
Deutsche Bank maintained its Hold ratings on major cruise lines, arguing that significant supply growth may be forcing discounting and that the sector's fundamentals are less clear than investors believe.
A New York state judge has dismissed a lawsuit alleging sexual harassment against JPMorgan Chase, though the plaintiff's lawyers plan to refile the case in federal court with additional claims. The dismissal was granted at the plaintiff's request, while a related defamation countersuit remains active.
Snowflake has granted CEO Sridhar Ramaswamy a performance-based equity award potentially worth $448 million, contingent on the company's stock price reaching $531 by 2033, a near 100% increase from current levels.
A sharp sell-off in the technology sector, led by semiconductor stocks, has triggered a significant capital rotation into defensive consumer staples, with investors seeking safety in companies with predictable earnings.
Shares of Kalaris Therapeutics (NASDAQ:KLRS) surged after the company reported promising Phase 1a trial results for its eye disease treatment, TH103, suggesting extended treatment intervals for patients with neovascular age-related macular degeneration.
Morocco's benchmark stock index, the Moroccan All Shares, fell 1.18% to a new three-month low at Friday's close, dragged down by losses in the banking, utilities, and mining sectors.
California-based supplier Taylor Farms will recall products connected to an ongoing cyclosporiasis outbreak, which has been traced to lettuce served at Yum! Brands' Taco Bell restaurants, according to a Bloomberg News report.
The expansion of AI data centers is driving a massive upgrade to the U.S. power grid, with analysts identifying five distinct categories of companies poised to benefit from what the Department of Energy estimates is a $50 billion annual investment need.
