Daily Newsroom
Follow market-moving stories, policy signals, and company developments curated by the editorial desk.
Lead story
The OpenAI Deployment Company has agreed to acquire Northslope, an applied AI firm, marking the second such purchase for the enterprise-focused entity. The deal aims to expand the company's team of engineers who work directly with customers to implement AI systems.
Broadcom's stock surged over 4% after the company announced a new multi-year, multi-billion dollar agreement to supply Apple with custom chips and wireless components. The deal secures a key customer for Broadcom through 2031, alleviating investor concerns about Apple potentially shifting to in-house chip design.
Companies offering Affordable Care Act health plans are requesting a 14% median premium increase for 2027, the second-highest proposed hike since 2018. Insurers cite a changing risk pool, inflation, and rising medical costs as key factors.
Shares of AXT, Inc. surged Monday, extending a recent run fueled by a new three-year supply agreement with Coherent Corp. for indium phosphide wafer substrates. The deal includes a $22.3 million prepayment to expand AXT's manufacturing capacity.
Expedia's stock price declined over 4% in morning trading as investors took profits following a recent 17% surge. The drop was compounded by a lack of fresh catalysts and a wider market downturn affecting the travel sector.
Waymo, a subsidiary of Alphabet, has launched its fully autonomous ride-hailing service in Las Vegas. The company also announced plans to expand its driverless operations to Denver, San Diego, and Tampa.
Shares of Strategy Inc. fell after the company disclosed its largest-ever Bitcoin sale to cover dividends, received a reduced analyst price target, and faced a broad market downturn.
Shares of Navitas Semiconductor declined on Tuesday after competitor Wolfspeed filed a lawsuit alleging patent infringement across a wide range of the company's core products. The legal challenge adds to existing pressures on the stock, including a broader market downturn and concerns over potential share dilution.
Shares of cybersecurity firm Palo Alto Networks fell on Wednesday, pressured by concerns over the stock's high valuation, recent insider selling, and a wider market sell-off triggered by geopolitical tensions.
