Warren Buffett revealed he was personally behind Berkshire Hathaway's investment in Alphabet, now valued at $31 billion, while also expressing caution about the immense capital required for the AI race and reaffirming his confidence in Apple.
Berkshire Hathaway CEO Warren Buffett has ended his two-decade philanthropic partnership with the Bill & Melinda Gates Foundation, redirecting a nearly $6 billion stock donation to his family's charities following revelations about Bill Gates's association with Jeffrey Epstein.
BlackRock stock jumped in pre-market trading after the asset manager reported second-quarter earnings and revenue that surpassed expectations, with assets under management crossing the $15 trillion mark for the first time.
Shares of Aehr Test Systems skyrocketed after the semiconductor equipment maker posted a significant earnings beat and issued a fiscal 2027 revenue forecast that far surpassed analyst expectations, fueled by a successful pivot to AI-related markets.
The Chinese AI startup is reportedly planning to raise significant new capital at a valuation of approximately 500 billion yuan ($74 billion) and is in early discussions for a domestic IPO on Shanghai's STAR Market, according to people familiar with the matter.
Chinese regulators have approved Apple's on-device AI system for the local market, which will be powered by Alibaba's Qwen AI model, boosting the shares of both technology giants.
The clinical-stage biopharmaceutical company plans to list on the Nasdaq under the ticker 'BRVE' to advance its lead candidate, a heart disease therapy in-licensed from a Chinese firm.
Erica Schwartz, President Trump's pick to lead the Centers for Disease Control and Prevention, will appear before a Senate panel for her confirmation hearing. The nomination comes as the CDC contends with leadership instability and major public health crises, including a measles resurgence and an Ebola outbreak.
Shares of the electric vehicle maker continued to decline, even after the company denied a report that it was considering bankruptcy, as underlying financial and operational concerns weigh on investor sentiment.
