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Space Shares Rise After $1.25 Trillion SpaceX–xAI Combination
Shares across the space sector moved higher on Tuesday after Elon Musk announced a merger between SpaceX and xAI that values the combined group at $1.25 trillion. The transaction marks a major step in Musk’s ambition to scale artificial intelligence infrastructure beyond Earth. He said the cheapest way to generate AI computing capacity will be…
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PepsiCo Tops Q4 Forecasts as Revenue Momentum Picks Up
PepsiCo, Inc. (NASDAQ:PEP) delivered better-than-expected fourth-quarter 2025 results, posting adjusted earnings per share of $2.26, ahead of the $2.24 consensus, while revenue reached $29.34 billion, beating forecasts of $28.98 billion. The food and beverages group reported organic revenue growth of 2.1% for the quarter, which it said reflected “a sequential acceleration in reported and organic…
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Pfizer Reports Promising Phase 2b Results for Obesity Candidate
Pfizer Inc. (NYSE:PFE) said its investigational obesity drug PF-08653944 delivered placebo-adjusted weight loss of up to 12.3% in a phase 2b clinical study, supporting its potential as a monthly injectable treatment. The trial evaluated the GLP-1 receptor agonist in adults who were obese or overweight but did not have type 2 diabetes. The phase 2b…
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Nvidia Shares Steady as OpenAI Explores Alternative AI Chip Suppliers
Nvidia (NASDAQ:NVDA) shares were little changed in extended trading on Tuesday, after falling 2.9% during the regular session, following a Reuters report that OpenAI is unhappy with aspects of Nvidia’s latest AI chips and has been looking at rival suppliers. According to the report, OpenAI began assessing alternative chipmakers last year, with a particular focus…
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Palantir Jumps After Record Sales and Upbeat Growth Outlook
Shares of Palantir Technologies (NASDAQ:PLTR) jumped more than 11% in U.S. premarket trading on Tuesday after the data analytics group delivered better-than-expected fourth-quarter results and unveiled a bullish revenue forecast for 2026. The company, which supplies data integration and analytics software to government bodies and commercial clients, reported adjusted earnings of $0.25 per share for…
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Oil Slides on Hopes of U.S.–Iran Tensions Easing and a Stronger Dollar
Oil prices dropped about 1% on Tuesday, extending losses into a second session, as traders assessed the prospect of easing tensions between the United States and Iran, while a firmer U.S. dollar added further pressure. Brent crude futures were down 68 cents, or 1%, at $65.62 a barrel by 0903 GMT. U.S. West Texas Intermediate…
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U.S. Futures Advance; SpaceX Buys xAI; Palantir Results Drive After-Hours Moves: Dow Jones, S&P, Nasdaq, Wall Street
Futures tied to the main U.S. equity benchmarks were higher ahead of a busy week of corporate earnings. Markets are reacting to news that Elon Musk’s SpaceX has agreed to acquire xAI in a blockbuster transaction valuing the combined group at more than $1 trillion, while Palantir (NASDAQ:PLTR) posted record quarterly revenue, lifting its shares…
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NEO BATTERY MATERIALS – The Western response to China’s battery monopoly
High-performance batteries for drones, robotics, and AI infrastructure Electrification is no longer a promise for the future, but an infrastructural reality. Autonomous systems, drone fleets, industrial robotics, AI data centers, and electromobility are growing in parallel – and they all share a common bottleneck: powerful energy storage devices. While software, sensor technology, and computing power…
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Upbeat Manufacturing Data Contributes To Strength On Wall Street
Following the mixed performance seen last week, stocks moved mostly higher during trading on Monday. The major averages all moved to the upside on the day, with the Dow posting a standout gain. The major averages pulled back off their best levels late in the day but remained in positive territory. The Dow jumped 515.19…
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BTIG upgrades McDonald’s as discounts and bundles drive steadier traffic
BTIG lifted McDonald’s (NYSE:MCD) to Buy from Neutral, arguing that tweaks to the company’s value strategy are translating into more consistent customer traffic and laying the groundwork for a firmer rebound in sales and earnings. McDonald’s shares were up about 1.12% in Monday’s premarket trading. The brokerage said discussions with franchisees point to sustained improvements…