China Blocks Meta’s $2 Billion Acquisition of AI Startup Manus
China has blocked Meta’s $2 billion acquisition of AI startup Manus, citing regulatory concerns over the cross-border deal.
Archives - 2026 - Page 27
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SanDisk Shares Surge 3000% as AI Boom Drives Data Center Demand
SanDisk shares have surged 3000% over the past year as demand for AI data center storage fuels explosive growth.
Eli Lilly to Acquire Ajax Therapeutics in Deal Worth Up to $2.3 Billion
By Emma Clarke
Eli Lilly will acquire Ajax Therapeutics for up to $2.3 billion, strengthening its pipeline in blood cancer treatments.
Sun Pharma Shares Jump 7% on $11.75 Billion Organon Acquisition
By Emma Clarke
Sun Pharma shares rose 7% after announcing an $11.75 billion deal to acquire U.S.-based Organon, expanding its global footprint.
Microsoft Plans First Voluntary Buyouts Covering Up to 7% of U.S. Workforce
By Emma Clarke
Microsoft is introducing its first voluntary buyout program, targeting up to 7% of its U.S. workforce as part of broader efficiency efforts.
TSMC Shares Hit Record High as Taiwan Eases Investment Limits
TSMC shares reached a record high after Taiwan eased single-stock investment caps, boosting demand from institutional funds.
OpenAI Launches GPT-5.5 With Focus on Agentic Coding and Efficiency Gains
OpenAI released GPT-5.5 with improved efficiency and a focus on agentic coding, though higher pricing reflects its expanded capabilities.
Tesla Begins Cybercab Production in Texas Without Volume Limits
Tesla has started Cybercab production in Texas without volume restrictions, signaling a major step in scaling its autonomous vehicle strategy.
Anthropic Tops $1 Trillion on Secondary Markets, Overtakes OpenAI Valuation
Anthropic is trading at a $1 trillion valuation on secondary markets, surpassing OpenAI and highlighting shifting investor sentiment in AI.
FTX Portfolio Could Have Reached $114 Billion Had Assets Not Been Liquidated
FTX’s investment portfolio could be worth $114 billion today if assets hadn’t been sold during its 2022 collapse, driven by massive gains in AI and tech holdings.
Meta to Cut 10% of Workforce as It Pushes Efficiency Amid AI Spending
By Emma Clarke
Meta plans to cut about 10% of its workforce, or over 8,000 jobs, as it streamlines operations and offsets rising AI-related costs.
Warner Bros. Discovery Shareholders Approve $110 Billion Paramount Deal
By Emma Clarke
Warner Bros. Discovery shareholders approved a $110 billion merger with Paramount, advancing one of the largest media consolidation deals in recent years.
American Airlines Cuts 2026 Outlook as Fuel Costs Surge
By Nathan Cole
American Airlines lowered its 2026 earnings forecast as rising jet fuel prices significantly increased operating costs.
Netflix Authorizes $25 Billion Buyback as It Shifts Focus After M&A Exit
By Emma Clarke
Netflix approved an additional $25 billion share buyback program, signaling a renewed focus on shareholder returns after abandoning a major acquisition plan.
Nvidia Backs Vast Data at $30 Billion Valuation in Latest AI Bet
Nvidia backed AI infrastructure firm Vast Data in a funding round valuing the company at $30 billion, highlighting strong demand for AI data solutions.