Author: Fiona Craig
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Pony AI Unveils Next-Gen Autonomous Driving Platform in Partnership With NVIDIA
Pony.ai Inc. (NASDAQ:PONY) has introduced a new autonomous driving domain controller developed in collaboration with NVIDIA Corporation (NASDAQ:NVDA), marking the latest step in its push toward large-scale self-driving deployment. The system is built on NVIDIA’s DRIVE Hyperion architecture and powered by the DRIVE AGX Thor platform, incorporating NVLink technology to enhance performance and connectivity. Designed…
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Organon Jumps 15% as Sun Pharma Agrees $11.8bn Buyout
India’s Sun Pharmaceutical Industries has reached an agreement to acquire U.S.-listed Organon & Co (NYSE:OGN) in an all-cash transaction that values the women’s health specialist at roughly $11.75 billion, the companies announced on Sunday. Under the proposed terms, Organon shareholders will receive $14.00 per share in cash, as Sun Pharma looks to broaden its international…
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Google DeepMind Teams Up With South Korea on AI Research Drive
Google DeepMind (NASDAQ:GOOG) has formed a partnership with South Korea to support the country’s K-Moonshot initiative, a programme focused on applying artificial intelligence to tackle complex scientific problems, according to the nation’s Science and ICT Ministry. The collaboration spans several disciplines, including life sciences, meteorology and climate research, with both sides set to exchange AI…
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China Halts Meta’s $2 Billion Deal for Manus
Chinese authorities have stepped in to stop Meta Platforms Inc. (NASDAQ:META) from proceeding with its proposed $2 billion acquisition of Manus, according to a statement released Monday by the National Development and Reform Commission. The regulator formally blocked the cross-border transaction, bringing an end to the planned takeover between the social media group and Manus.…
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Oil Advances as U.S.-Iran Negotiations Falter
Oil prices climbed more than 1% on Monday as stalled peace efforts between the United States and Iran, along with restricted flows through the Strait of Hormuz, continued to tighten global supply conditions. Brent crude futures rose $1.35, or 1.3%, to $106.68 per barrel by 04:53 GMT, after earlier gains of more than $2 per…
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Gold Holds Steady as Dollar Wavers on Iran Uncertainty and Fed Focus
Gold held relatively stable on Monday, trading within a narrow band as the U.S. dollar lacked clear direction. Investors weighed tentative signs of easing tensions between the United States and Iran while looking ahead to a key Federal Reserve policy meeting later in the week. The precious metal found some support after last week’s sharp…
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Bitcoin Pulls Back After Failing to Hold Above $79K; Vegas Summit in Spotlight
Bitcoin retreated toward the $77,000 level on Monday after an early advance lost momentum, with higher oil prices and ongoing geopolitical uncertainty dampening broader risk sentiment. The leading cryptocurrency was last down 0.7% at $77,581.7 by 03:04 ET (07:04 GMT), having earlier reached an intraday peak of $79,461.7. The asset continues to encounter firm resistance…
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U.S.-Iran Deadlock Weighs on Futures as Earnings Season Kicks Off: Dow Jones, S&P, Nasdaq, Wall Street
U.S. equity futures traded lower early Monday after Donald Trump halted plans to send negotiators for renewed talks with Iran, prolonging tensions between Washington and Tehran. The continued closure of the Strait of Hormuz is keeping pressure on global oil prices. At the same time, Verizon Communications Inc. (NYSE:VZ) is set to begin a packed…
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AI funding pressures ease as cash flow growth outpaces spending: JPMorgan
The financial strain tied to the tech sector’s heavy investment in artificial intelligence appears less severe than previously expected, as rising cash flows continue to outstrip capital expenditure growth, according to strategists at JPMorgan. A team led by Nikolaos Panigirtzoglou estimates that the sector is on track to deliver cash flow growth of about 25%…
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Gulf Oil Output Slumps 57% From Pre-War Levels, Goldman Says
Crude production in the Gulf has dropped by an estimated 14.5 million barrels per day—around 57% below pre-conflict levels—according to Goldman Sachs, which cautions that a full recovery may take longer than markets anticipate even after the Strait of Hormuz reopens. In a note to clients, analyst Daan Struyven said output could largely rebound within…