Enterprise
* The Dow Jones Industrial Average plummeted by more than 580 points as concerns over an artificial intelligence bubble intensified. * The S&P 500 recorded its fourth consecutive day of losses, highlighting a widespread market retreat. * Key tech stocks, including AI-darling Nvidia, fell despite major partnership news, signaling a significant
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Key Highlights of the Acquisition * Massive Investment: Johnson & Johnson has agreed to acquire Halda Therapeutics in an all-cash deal valued at a staggering $3.05 billion. * Strategic Expansion: The acquisition is a calculated move by J&J to significantly strengthen its portfolio in precision oncology, particularly for treating
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* Stock futures show little movement after a volatile week pressured the crucial AI sector. * Concerns over high valuations and shifting Federal Reserve rate cut expectations are spooking investors, confirming market-wide anxiety. * Major tech stocks like Alphabet, Amazon, and Meta faced declines last week, fueling fears of a wider downturn. * Crucial
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* Warren Buffett's Berkshire Hathaway has revealed a new $4.3 billion stake in Google's parent company, Alphabet. * The investment marks a significant tech-forward move for the traditionally cautious investor, making Alphabet the firm's 10th largest holding. * This new position was disclosed as Berkshire continued
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* Oracle's stock has plummeted nearly 30% in the last month, wiping out over $250 billion in market value gains as its aggressive AI strategy spooks investors. * The company's debt has surged to $96 billion and is projected to hit $290 billion by 2028, creating significant financial
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* Blue Origin’s second New Glenn mission, NG-2, has been unexpectedly postponed despite the rocket being ready for launch. * The delay was requested by NASA due to a spike in dangerous solar activity, which poses a significant threat to the mission's primary payload. * The payload includes NASA’s
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* Intel has appointed Dr. Craig H. Barratt, a seasoned semiconductor and technology executive, to its board of directors, effective immediately. * Dr. Barratt brings extensive leadership experience from his time as CEO of Atheros Communications and Barefoot Networks, both of which were acquired by major tech companies. * His appointment comes at
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* Tech Sell-Off: Nvidia and CoreWeave shares tumbled in premarket trading after SoftBank sold its entire stake in the chipmaker, sparking widespread anxiety over high-priced tech valuations. * Paramount's Rally: Propelled by an aggressive new strategy, Paramount Skydance shares soared after the new leadership announced deeper job cuts and a
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* Massive Financial Setback: Conduent Incorporated reported a significant net loss of $46 million for its third quarter. * Revenue Miss: The company's revenue of $767 million failed to meet Wall Street forecasts, which projected $794.3 million. * Per-Share Losses: The quarterly loss translated to 30 cents per share, with
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* NuScale Power's strategic partner, ENTRA1 Energy, has signed a historic agreement with the Tennessee Valley Authority (TVA) to deploy up to six gigawatts of SMR capacity, the largest such program in U.S. history. * The company significantly boosted its financial standing, ending the third quarter with $753.8
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* Tesla shareholders have voted to approve CEO Elon Musk's nearly $1 trillion compensation plan, a package previously voided by a Delaware court. * The controversial proposal passed with a significant 75% majority, defying recommendations from top proxy advisory firms Glass Lewis and ISS. * The pay package is tied to
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* Market Underperformance: Salesforce (CRM) has significantly lagged the broader market, dropping 24.4% year-to-date while the S&P 500 has climbed 15.6%. * Guidance Concerns: Despite beating Q2 2026 earnings expectations, the stock price fell after the company issued a weaker-than-expected revenue forecast for the third quarter. * Analyst Optimism: