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Nvidia to invest $1.5 billion in SB Energy for Ohio AI campus serving OpenAI
Nvidia (NASDAQ:NVDA) has agreed to invest $1.5 billion in SB Energy as part of a major artificial intelligence infrastructure project in Ohio that will provide computing capacity for OpenAI. Under the partnership, Nvidia will become the exclusive provider of AI compute infrastructure at the PORTS-Pike Technology Campus in Pike County. SB Energy will develop, own…
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RTX’s Raytheon secures $22.9 billion U.S. Navy Tomahawk missile contract
Raytheon, an RTX (NYSE:RTX) business, has secured a $22.9 billion, seven-year contract from the U.S. Navy aimed at sharply increasing production of Tomahawk cruise missiles, the Department of War announced on Monday. The agreement is designed to support a production ramp to more than 1,000 Tomahawk missiles annually, alongside associated support requirements, as the U.S.…
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Alliance Laundry shares fall after BDT Capital launches secondary offering
Alliance Laundry Systems (NYSE:ALH) shares declined 2.2% on Monday after the commercial laundry equipment provider announced a secondary public offering involving 20.5 million shares held by its principal stockholder, BDT Capital Partners, LLC and affiliated investment funds. The transaction is being conducted as an underwritten public offering, with the selling stockholder also planning to give…
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Mesoblast shares jump as Phase 3 chronic back pain trial completes patient treatment
Mesoblast Limited (NASDAQ:MESO) shares rose 9.5% on Monday after the biotechnology company completed patient treatment in a pivotal Phase 3 study evaluating rexlemestrocel-L for chronic low back pain linked to degenerative disc disease. The company said 350 patients have now been treated in the MSB-DR004 randomised controlled Phase 3 trial. Participants were assigned to receive…
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H World Group shares rise 5% after Q2 earnings beat and guidance upgrade
H World Group Limited (NASDAQ:HTHT) shares climbed 5.32% in pre-market trading on Monday after the hotel operator delivered second-quarter results above analyst expectations and raised its revenue outlook for 2026. Adjusted earnings per ADS came in at $0.78, ahead of the consensus forecast of $0.72. Revenue increased 10.8% year-on-year to RMB7.12 billion ($1.05 billion), beating…
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Kratos and GE Aerospace secure U.S. Air Force JASSM engine development contract
Kratos Defense & Security Solutions (NASDAQ:KTOS) and GE Aerospace (NYSE:GE) have secured a U.S. Air Force Engineering, Manufacturing and Development contract for their jointly developed GEK800 engine, which has now received the military designation F143-ZZ-100. The engine is being developed as a second-source propulsion system for the Joint Air-to-Surface Standoff Missile, or JASSM, expanding the…
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Freightos shares surge 14% as Q2 loss beats expectations
Freightos Limited (NASDAQ:CRGO) shares jumped 14.07% in pre-market trading on Monday after the freight pricing and booking platform reported a smaller-than-expected second-quarter loss alongside record revenue. For the quarter ended June 30, 2026, Freightos posted a loss of $0.03 per share, outperforming the analyst consensus for a loss of $0.06 per share. Revenue increased 3%…
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Barrick Mining shares fall despite Q2 revenue beat and strong gold production
Barrick Mining Corporation (NYSE: B) shares fell in Monday trading after the gold producer reported second-quarter results that included revenue above expectations, earnings in line with forecasts and production that exceeded its guidance range. The stock was down around 6.4% following the report. Adjusted earnings came in at $0.82 per share, matching the analyst consensus,…
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L3Harris shares fall as CEO Christopher Kubasik exits following conduct review
L3Harris Technologies (NYSE:LHX) shares dropped around 2.7% in premarket trading on Monday after the defence contractor announced that Chairman and Chief Executive Officer Christopher Kubasik had left the company with immediate effect following a review of his conduct. The board appointed Sam Mehta as president and chief executive officer, effective immediately, while lead independent director…
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Intuitive Machines secures $600m-plus multi-satellite communications programme
Intuitive Machines, Inc. (NASDAQ:LUNR) has received authorisation to proceed with a multi-satellite communications infrastructure programme expected to be worth more than $600 million. The Houston-based space technology company did not identify the customer, with further details of the programme remaining confidential at the client’s request. Under the agreement, Intuitive Machines will be responsible for designing,…