Eli Lilly to Acquire Ajax Therapeutics in Deal Worth Up to $2.3 Billion
Eli Lilly will acquire Ajax Therapeutics for up to $2.3 billion, strengthening its pipeline in blood cancer treatments.
News
Catch up quickly with the day’s most important and insightful stories. Our Stories of the Day category curates the standout articles across markets, economy, business, personal finance and innovation. Each post brings together multiple key developments, breaking news or deep-dive features chosen for their impact and relevance. It’s a fast, reliable way to understand what really matters today without scrolling through dozens of feeds. Whether you want a quick overview or a richer perspective, this section delivers the essential stories with context and clarity.
Meta to Cut 10% of Workforce as It Pushes Efficiency Amid AI Spending
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
Warner Bros. Discovery shareholders approved a $110 billion merger with Paramount, advancing one of the largest media consolidation deals in recent years.
SpaceX Eyes $60 Billion Cursor Deal or $10 Billion Partnership Ahead of IPO
By
Daniel Wright
• 3 mins read
SpaceX is considering acquiring AI startup Cursor for $60 billion or pursuing a $10 billion partnership, as it expands its AI strategy ahead of a potential IPO.
Apple Names John Ternus as CEO, Tim Cook to Become Executive Chairman
By
Emma Clarke
• 2 mins read
Apple will appoint hardware chief John Ternus as CEO, with Tim Cook transitioning to executive chairman, marking a major leadership shift at the tech giant.
Tesla Expands Robotaxi Service to Dallas and Houston
By
Daniel Wright
• 2 mins read
Tesla launched its robotaxi service in Dallas and Houston, marking a further expansion of its autonomous ride-hailing network in the U.S.
Nvidia Rival Euclyd Seeks $118 Million as Europe’s AI Chip Market Gains Momentum
By
Daniel Wright
• 2 mins read
Dutch chip startup Euclyd is targeting at least €100 million in funding as Europe ramps up efforts to compete in the fast-growing AI semiconductor market.
Oil Falls to $81 as Iran Reopens Strait of Hormuz, U.S. Markets Add $430 Billion
By
Nathan Cole
• 2 mins read
Oil dropped to $81 per barrel after Iran reopened the Strait of Hormuz, while U.S. markets surged, adding roughly $430 billion in market value.
Deutsche Bank Warns of ‘Petroyuan’ Rise as Iran War Fuels Dollar Debate
By
David Sinclair
• 3 mins read
Deutsche Bank flagged the potential rise of a “petroyuan” amid the Iran war, as analysts debate whether de-dollarization could accelerate despite continued dollar dominance.
Allbirds Stock Surges Over 900% After Pivot to AI Infrastructure Business
By
Sophia Reynolds
• 3 mins read
Allbirds shares skyrocketed after the struggling footwear brand announced a pivot to AI infrastructure, signaling a dramatic shift in its business model.
Blue Origin Develops Technology to Extract Oxygen From Lunar Soil
By
Emma Clarke
• 2 mins read
Blue Origin has developed a system to extract oxygen from lunar soil, a breakthrough that could support future Moon bases. The technology also produces usable metals for construction.
Elon Musk to Launch XChat Messaging App With Encrypted Features
By
Emma Clarke
• 2 mins read
Elon Musk is set to launch XChat on April 17, introducing an encrypted messaging platform integrated with X. The app will include calls, file sharing, and enhanced privacy features.
Meta Shares Jump 7% After Debut of New AI Model Muse
By
Sophia Reynolds
• 2 mins read
Meta Platforms shares rose 7% after unveiling its new AI model Muse. The launch signals renewed momentum in the company’s artificial intelligence strategy.
Oil Prices Rebound as Iran Accuses U.S. of Ceasefire Breach
By
Nathan Cole
• 2 mins read
Oil prices resumed gains after Iran accused the U.S. of violating a ceasefire agreement. Renewed tensions are fueling concerns over supply disruptions.
U.S. Stocks Lose $650 Billion as Markets Brace for Trump Deadline
By
Daniel Wright
• 2 mins read
U.S. equities shed roughly $650 billion as investors react to an approaching Trump deadline. Rising oil prices and geopolitical uncertainty are weighing on markets.