Category: Latest News
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BCA Research Warns AI Could Erode Big Tech’s Dominance — Here’s the Rationale
The rapid expansion of artificial intelligence may weaken the foundations of market dominance enjoyed by major technology companies, according to analysts at BCA Research. In a note to clients, strategists led by Peter Berezin argued that AI has the potential to challenge key advantages that have historically supported Big Tech profitability, including economies of scale,…
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Willdan Wins $49 Million Energy Infrastructure Contract With Mt. San Antonio College
Willdan Group, Inc. (NASDAQ:WLDN) announced that it has been selected by Mt. San Antonio College (Mt. SAC) in California to deliver a $49 million distributed energy and resiliency project under a new energy services agreement. The project will include the full turnkey deployment of distributed energy resources along with campus infrastructure upgrades, with construction expected…
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OpenAI and Amazon Form Multi-Year AI Alliance Backed by $50 Billion Investment
OpenAI and Amazon (NASDAQ:AMZN) announced a broad strategic partnership aimed at accelerating artificial intelligence development and adoption across enterprises, startups, and consumer applications worldwide. As part of the agreement, Amazon plans to invest $50 billion in OpenAI, beginning with an initial $15 billion commitment, followed by an additional $35 billion contingent on certain milestones being…
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OneMedNet Moves Ahead With Commercial Rollout of Palantir-Powered Real-World Data Platform
OneMedNet Corporation (NASDAQ:ONMD) said it is advancing the commercial rollout of its real-world data (RWD) platform built on Palantir Foundry, as the company shifts from customer evaluations toward paid subscriptions following initial demonstrations late last year. The healthcare data company said the latest phase of the launch follows a November 10, 2025 showcase at major…
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Fulgent Genetics Reports 2025 Financial Results and Issues 2026 Guidance
Fulgent Genetics (NASDAQ:FLGT) released its fourth-quarter and full-year 2025 results on February 27, 2026, reporting annual revenue growth of 14% to $322.7 million, while fourth-quarter revenue increased 9% year over year to $83.3 million. The company recorded GAAP net losses of $23.4 million for the quarter and $60.5 million for the full year, but generated…
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MEDIROM Expands Biometric Push with Tools for Humanity Partnership, Eyes $39 Million Opportunity in Japan
MEDIROM Healthcare Technologies (LSE:MRM) announced on February 26, 2026, that its Master Service Agreement with Tools for Humanity and the World Foundation officially took effect on February 2, 2026, establishing a formal collaboration to deploy Orb biometric authentication devices across Japan. The company has already installed Orbs at more than 150 sites, primarily within its…
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Tian Ruixiang Plans 1-for-50 Reverse Stock Split to Take Effect Mid-March
TIAN RUIXIANG Holdings Ltd. (NASDAQ:TIRX) said its planned 1-for-50 reverse stock split is expected to take effect for trading during the week of March 16, 2026, subject to final processing and confirmation by Nasdaq. The company’s board authorized the implementation after shareholders approved the measure at the annual general meeting held on February 17. Following…
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Li Bang to Take Majority Stake in Chinese Catering Services Firm
Li Bang International Corporation Inc. (NASDAQ:LBGJ) said Tuesday that its subsidiary, Jiangsu Li Bang Intelligent Technology Co., Ltd., has signed an agreement to acquire a 51% controlling stake in Suzhou Yufengyuan Food Distribution Co., Ltd., a China-based catering services provider. The deal, executed on February 25, 2026, is expected to be finalized by May 30,…
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U.S. Producer Prices Rise Faster Than Expected in January, Inflation Pressures Persist
A report published Friday by the U.S. Labor Department showed that producer prices rose more than anticipated in January, signaling continued underlying price pressures. According to the data, the producer price index (PPI) for final demand increased by 0.5% during the month, following a December gain that was revised lower to 0.4%. Economists had forecast…
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Futures Signal Steep Losses at Wall Street Open: Dow Jones, S&P, Nasdaq
U.S. stock futures pointed to a sharply lower start on Friday, suggesting equities may extend the decline recorded in the previous trading session. Futures moved further into negative territory following the release of new inflation data showing U.S. producer prices rose more than economists had anticipated in January. According to the Labor Department, the producer…