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RBC raises Tesla price target on potential SpaceX deal speculation (TSLA)
RBC increases target to $500 RBC Capital has raised its price target for Tesla (NASDAQ:TSLA) to $500 from $475, reflecting both a revised standalone valuation and an additional premium linked to a potential merger with SpaceX (NASDAQ:SPCX). Analyst Tom Narayan said the updated target incorporates “a 25-30% premium to current trading levels (and a 15%…
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Cloudflare climbs after Scotiabank upgrades stock on AI growth prospects (NET)
Scotiabank turns bullish on Cloudflare Cloudflare Inc. (NYSE:NET) shares gained 3% on Tuesday after Scotiabank upgraded the stock to Sector Outperform from Sector Perform, citing growing confidence in the company’s long-term position within AI infrastructure. Analyst Patrick Colville also increased his price target to $300 from $225, pointing to several catalysts that could support stronger…
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Visa shares slip as banks reportedly consider acquiring Fiserv debit network (V)
Payment stocks decline following reports of bank discussions Visa (NYSE:V) shares fell 2.3% in premarket trading on Tuesday, while Mastercard (NYSE:MA) declined 1.8% after reports that several major US banks have explored acquiring a debit payments network owned by Fiserv (NYSE:FI). According to The Wall Street Journal, ownership of the network could allow banks to…
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Amazon launches multi-tranche bond offering targeting at least US$25 billion (AMZN)
Company taps debt markets with eight-part bond sale Amazon.com Inc. (NASDAQ:AMZN) has launched an eight-part US investment-grade bond offering, seeking to raise at least US$25 billion through securities with maturities ranging from three to 40 years. The offering includes several tranches scheduled to mature on 9 July in their respective maturity years, including a three-year…
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Certara teams up with Nvidia to strengthen AI platform with BioNeMo toolkit (CERT)
Partnership expands AI capabilities for drug development Certara, Inc. (NASDAQ:CERT) has announced a collaboration with Nvidia (NASDAQ:NVDA) to integrate the Nvidia BioNeMo Agent Toolkit into its artificial intelligence platform, bringing together Certara’s biosimulation technology, regulatory expertise and proprietary data with advanced agentic AI capabilities. According to the company, the BioNeMo Agent Toolkit will become one…
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Palladyne AI gains after landing US Air Force contract for autonomous swarm technology (PDYN)
Defence agreement valued at US$4.2 million Shares of Palladyne AI Corp. (NASDAQ:PDYN) rose 4% on Tuesday after the company announced it had secured a US$4.2 million contract with the US Air Force Research Laboratory (AFRL) to support the development of advanced autonomous swarming capabilities for integrated multi-domain military operations. The programme, known as Hierarchical Adaptive…
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Plug Power secures 50MW electrolyzer contract for major Australian hydrogen hub (PLUG)
Plug selected for flagship renewable hydrogen development Plug Power Inc. (NASDAQ:PLUG) has been awarded a contract to supply a 50-megawatt electrolyzer system for the Hunter Valley Hydrogen Hub (HVHH) in Newcastle, New South Wales, following the project’s final investment decision (FID), the company announced. The hydrogen hub is being developed by Orica, the global mining…
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Autoliv and XPENG form strategic partnership to advance next-generation mobility (ALV)
Companies to collaborate on global mobility technologies Autoliv, Inc. (NYSE:ALV) and XPENG Inc. (NYSE:XPEV) have entered into a strategic cooperation framework agreement focused on developing future mobility solutions for international markets, according to an announcement from Autoliv. The partnership will cover several areas, including technology innovation, digital transformation, supply chain collaboration, sustainability initiatives and global…
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Lockheed Martin and Rheinmetall partner to manufacture ATACMS missiles in Germany (LMT)
Defence groups plan first ATACMS production site outside the US Lockheed Martin (NYSE:LMT) and German defence manufacturer Rheinmetall (TG:RHM) have signed a memorandum of understanding to jointly produce ATACMS missiles in Germany, marking the first time the short-range ballistic missile would be manufactured outside the United States. In a joint statement released on Tuesday, the…
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Meta faces potential US$1.4 trillion penalty claim ahead of youth safety trial (META)
Meta says four states are seeking record financial penalties Meta Platforms (NASDAQ:META) said in a court filing on Monday that four US states are pursuing penalties totalling approximately US$1.4 trillion in a lawsuit alleging the company deliberately designed Facebook and Instagram to encourage addictive use among young people while misleading the public about platform safety.…