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D-Wave secures second-year funding for superconducting quantum computing project (QBTS)
D-Wave Quantum (NASDAQ:QBTS) announced that it has received second-year funding for its Improved Materials for Superconducting Qubits with Scalable Fabrication initiative from the Northeast Regional Defense Technology Hub. Funding awarded through Quantum Circuits subsidiary The funding was granted to D-Wave subsidiary Quantum Circuits LLC as part of four programs collectively awarded more than $25 million…
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Modine shares surge after securing $4 billion data centre cooling agreement (MOD)
Shares of Modine (NYSE:MOD) jumped 14% on Tuesday after the company announced a $4 billion Long-Term Capacity Agreement tied to its Airedale by Modine data centre cooling solutions. Agreement guarantees large-scale cooling supply through 2029 Under the deal, Modine will reserve manufacturing capacity to provide more than $4 billion worth of Airedale cooling products to…
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Raytheon awarded DARPA contract to advance adaptable rocket motor technology (RTX)
Raytheon, a business unit of RTX (NYSE:RTX), has secured a phase two contract from the Defense Advanced Research Projects Agency (DARPA) to continue development of composable solid rocket motor technology under the Burn n’ Go program. New propulsion system designed for flexible mission requirements The project is focused on developing rocket motors capable of dynamically…
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DePuy Synthes secures exclusive NOVOSIS bone graft distribution partnership (JNJ)
DePuy Synthes, a subsidiary of Johnson & Johnson (NYSE:JNJ), announced an exclusive distribution agreement with CGBIO for the bone graft substitute NOVOSIS across the United States, Canada and Australia. NOVOSIS designed for multiple orthopaedic applications NOVOSIS is a growth factor-based bone graft substitute intended for use in a range of orthopaedic procedures, including spinal surgery,…
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Groupon shares climb after restructuring plan and upgraded outlook (GRPN)
Shares of Groupon (NASDAQ:GRPN) rose 5% on Tuesday after the company announced a major restructuring initiative that includes global workforce reductions and improved full-year earnings guidance. Company plans up to 400 job cuts worldwide Groupon said its board approved the restructuring program on May 21, with plans to eliminate up to 400 positions globally. The…
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Oklo enters talks with U.S. government over use of Cold War plutonium fuel (OKLO)
Oklo (NASDAQ:OKLO) said on Tuesday that it has been chosen by the U.S. Department of Energy for advanced negotiations related to the use of surplus Cold War-era plutonium as fuel for nuclear reactors. Trump policy shift redirected plutonium disposal strategy The initiative follows an executive order signed roughly a year ago by Donald Trump, which…
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TeraWulf shares rise after securing 1GW-plus Kentucky data campus project (WULF)
Shares of TeraWulf (NASDAQ:WULF) gained 4.7% in premarket trading on Tuesday after the company announced the acquisition of a hyperscale high-performance computing development site in eastern Kentucky. New Muskie Data Campus expected to exceed 1GW capacity The acquisition establishes the Muskie Data Campus, which TeraWulf said is expected to support more than one gigawatt of…
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NANO Nuclear shares jump after acquisition of nuclear transport specialist (NNE)
Shares of NANO Nuclear Energy (NASDAQ:NNE) surged 14% after the company announced the acquisition of Secured Transportation Services LLC, a specialist provider of nuclear logistics and transportation services. Acquisition expands nuclear transportation capabilities The deal adds Secured Transportation Services, a company with more than two decades of experience in transporting nuclear materials, to NANO Nuclear’s…
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Clear Secure shares rise after Samsung digital ID partnership announcement (YOU)
Shares of Clear Secure (NYSE:YOU) gained 2.4% in premarket trading on Tuesday after the company unveiled a partnership with Samsung Electronics America to introduce Samsung ID with CLEAR. Partnership integrates CLEAR identity verification into Samsung Wallet The collaboration brings CLEAR’s identity verification technology into Samsung Wallet, enabling U.S. passport holders to create and store a…
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BP shares slide after board removes chairman over governance concerns (BP.)
Shares of BP (NYSE:BP) fell 5.2% in premarket trading on Tuesday after the company announced the immediate dismissal of Chairman and Director Albert Manifold following governance-related concerns. Board cites governance and conduct issues BP said its board unanimously decided to remove Manifold after identifying serious concerns linked to governance standards, oversight and conduct, according to…