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The US Department of Defense has formally initiated a program requiring its primary defense contractors to reduce missile production timelines by multiple years and substantially cut unit costs, responding to concerns surfaced during the Iran conflict that current production capacity and pricing structures are …
A Congressional hearing on cryptocurrency taxation and regulation on Tuesday surfaced a pronounced divide between lawmakers and industry stakeholders over how the federal tax framework should apply to digital assets, with advocates testifying that the current rules create structural disadvantages for blockchain-native financial products …
Binance's application for a digital asset service provider license through a Greek regulatory vehicle under the European Union's MiCA framework is reportedly close to rejection, a development that would prevent the world's largest cryptocurrency exchange from legally operating across EU markets and potentially force …
DP World, the Dubai-based global port operator and logistics conglomerate, has entered exclusive negotiations with the Port of Corpus Christi to develop a new container terminal, a deal that would significantly expand the company's presence on the US Gulf Coast at a port that …
Rackspace Technology Inc (NASDAQ:RXT) shares jumped Tuesday after the company announced a partnership with Advanced Micro Devices Inc (NASDAQ:AMD) to deploy 30 megawatts of AI compute infrastructure, a commitment that significantly scales the company's capabilities and repositions it as a managed AI infrastructure provider …
Salesforce Inc (NYSE:CRM) and Databricks announced a joint initiative on Tuesday designed to allow AI agents built on Salesforce's Agentforce platform to operate across enterprise data managed in Databricks' data lakehouse architecture, addressing what both companies describe as a core concern among enterprise customers …
Outlook Therapeutics Inc (NASDAQ:OTLK) shares jumped sharply on Tuesday after the FDA announced a July target date for its regulatory decision on Lytenava, the company's lead treatment candidate for wet age-related macular degeneration, providing investors with a clear near-term catalyst after what had been …
Marketing data platform Hightouch has submitted an offer of up to $1.2 billion for a significant portion of LiveRamp Holdings Inc's (NYSE:RAMP) data connectivity and activation assets, a move that would materially reorder the competitive landscape in the data clean room and customer data …
Market commentary circulating on Tuesday suggested that incoming Federal Reserve Chair Kevin Warsh may adopt a more data-driven and less forward-guidance-dependent approach than the consensus has priced in, potentially delivering a hawkish communication at his debut policy meeting that the market's current positioning does …
Alibaba Group Holding Ltd (NYSE:BABA) shares moved lower on Tuesday, caught between fresh regulatory warnings from Chinese authorities regarding the company's operations and continuing scrutiny from US officials over its data practices and strategic direction, with neither dynamic showing signs of near-term resolution.
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