Shares of Bloom Energy (NYSE:BE) climbed 6% after the company issued a statement rejecting allegations of financial and supply chain inaccuracies made in a recent short-seller report.
Rackspace Technology shares surged after the company announced it is now a preferred partner for Palantir, tasked with deploying enterprise AI solutions in highly regulated sectors.
Citigroup processed its first instant international dollar payment with a partner institution, Thailand’s Siam Commercial Bank, signaling a key expansion of its real-time global payments network for corporate clients.
Shares of Alnylam Pharmaceuticals and BridgeBio Pharma surged in premarket trading after Ionis Pharmaceuticals announced its competing heart disease drug, Wainua, failed to meet its primary goals in a late-stage clinical trial.
Honeywell Aerospace is increasing its development of defense products in Europe to meet rising demand for systems free from U.S. export restrictions. The move comes as European nations increase military spending and seek greater supply chain autonomy.
Software giant SAP has agreed to legally binding commitments with the European Commission, ending an antitrust probe by making it easier and cheaper for customers to switch maintenance providers for its on-premise software.
Nokia Defense and NestAI are developing their first joint operational capabilities, integrating 5G connectivity and AI to address modern battlefield threats, following a €100 million investment.
Shares of BridgeBio Pharma jumped after a late-stage trial for a competing heart disease drug from AstraZeneca and Ionis failed, strengthening the market position for BridgeBio's key product, Attruby.
PepsiCo reported second-quarter revenue that surpassed analyst expectations, driven by strong beverage sales. However, the company flagged weakening demand in its North American foods division as inflation pressures consumer budgets.
