ADVFN US – Market Content Editor
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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.…
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Fiserv discusses potential sale of debit payments network with major US banks (FISV)
Large lenders explore acquisition of payments infrastructure Fiserv (NASDAQ:FISV) has been in discussions with several leading US banks, including JPMorgan (NYSE:JPM) and Bank of America (NYSE:BAC), regarding the possible sale of its debit payments network business, according to a source familiar with the matter. The proposed transaction comes as the financial technology group continues efforts…
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SpaceX edges lower as Wall Street launches coverage ahead of Nasdaq 100 entry (SPCX)
Analysts begin coverage before major index inclusion Shares of Space Exploration Technologies (NASDAQ:SPCX) slipped ahead of the company’s scheduled inclusion in the Nasdaq 100 on Tuesday, as several major Wall Street firms initiated research coverage with price targets ranging from US$190 to US$300. The wide range of valuations reflects differing opinions over the long-term potential…
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Walmart cuts prices on barbecue essentials after Trump highlights retailer’s move (WMT)
Walmart lowers prices on key summer food items Walmart (NYSE:WMT) announced on Monday that it is reducing prices on a range of popular summer barbecue products, including beef, soft drinks and snack foods, after President Donald Trump said the retailer had agreed to lower prices at his administration’s request. In a post on Truth Social,…
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Micron shares retreat as Samsung earnings trigger memory chip selloff (MU)
Samsung results spark declines across semiconductor sector Micron Technology (NASDAQ:MU) shares fell 4.9% in premarket trading on Tuesday, extending a broader decline across the memory semiconductor industry after Samsung Electronics’ latest earnings update prompted selling throughout the sector. Shares of SanDisk also dropped 4.7% before the opening bell. The weakness followed Samsung Electronics’ (KS:005930) preliminary…
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Synopsys to phase out chip manufacturing software as AI design becomes strategic focus (SNPS)
Synopsys shifts resources away from manufacturing software Synopsys (NASDAQ:SNPS) is preparing to discontinue a suite of semiconductor manufacturing process control software as the company redirects investment towards higher-margin artificial intelligence design technologies, according to six sources familiar with the plans. Sources said the US chip design software company informed more than 10 semiconductor manufacturers during…