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Kardigan (NASDAQ:KARD) Shares Surge 30% After $400 Million IPO Signals Renewed Biotech Market Momentum

Kardigan made a strong debut on the public markets after the cardiovascular drug developer completed a $400 million upsized initial public offering, reflecting improving investor sentiment toward biotechnology listings.

Nitish Kishor | 18 June 2026

New Fortress Energy (NASDAQ: NFE) Wins UK Court Approval for Restructuring Plan Backed by Creditors

New Fortress Energy Inc. (NASDAQ: NFE) has received approval from the High Court of Justice of England and Wales for its proposed UK restructuring plan, advancing a key component of the company's efforts to address its debt obligations and improve financial flexibility.

Nitish Kishor | 18 June 2026

Why Oil Prices Fell Despite Ongoing Middle East Risks

Oil prices moved lower on Thursday after signs emerged that energy shipments through the Strait of Hormuz were beginning to recover following a U.S.-Iran agreement aimed at ending the recent conflict in the Middle East.

Nitish Kishor | 18 June 2026

U.S. Oil and Gas Rig Count Rises to Highest Level in Weeks as Production Outlook Improves

U.S. energy producers expanded drilling activity again this week, extending a recent trend of rising rig additions that suggests growing confidence in future oil and natural gas demand. Industry data showed the total number of active oil and gas rigs climbed to its highest …

Nitish Kishor | 18 June 2026

Amazon (NASDAQ: AMZN) Warehouse AI System Targets Nearly Seven Million Labour Hours

Amazon.com, Inc. (NASDAQ: AMZN) is testing an AI-based warehouse staffing system designed to reduce idle labor time and improve fulfillment-center efficiency.

Nitish Kishor | 18 June 2026

Bloom Energy (NYSE: BE) Targets Data Center Power Demand as Grid Constraints Intensify

Bloom Energy Corporation (NYSE: BE) is positioning its fuel cell technology as a solution to growing power shortages and grid congestion as electricity demand accelerates across the United States. Expanding artificial intelligence infrastructure, industrial reshoring initiatives, and broader electrification trends are increasing pressure on …

Nitish Kishor | 18 June 2026

Anthropic Fable 5 Shutdown Puts AI Export Controls at Center of Model Race

Anthropic’s decision to suspend access to Claude Fable 5 and Claude Mythos 5 has turned frontier AI deployment into a direct policy issue. The company announced both models on June 9, then updated users on June 12 that access was unavailable while it worked …

Nitish Kishor | 18 June 2026

Oracle (NYSE: ORCL) AI Cloud Results Test Whether Infrastructure Demand Can Outrun Capex Concern

Oracle Corporation (NYSE: ORCL) remained in focus after its fiscal fourth-quarter update highlighted strong AI cloud demand but also renewed questions over infrastructure spending.

Nitish Kishor | 18 June 2026

AI Pricing Shifts Toward Usage-Based Models as Computing Costs Surge

The generative AI industry is increasingly embracing usage-based pricing as developers seek to balance surging demand with the substantial costs of operating advanced models. As AI systems become more capable and are deployed across a wider range of enterprise applications, providers are looking beyond …

Nitish Kishor | 18 June 2026

Safe Bulkers, Inc. (NYSE: SB) Q1 Earnings Beat as Dry Bulk Rates Improve

Safe Bulkers, Inc. (NYSE: SB) reported first-quarter 2026 earnings that beat market estimates, supported by stronger dry bulk charter rates and lower vessel operating costs. The marine drybulk transportation company posted net revenues of $74.4 million for the quarter ended March 31, compared with …

Nitish Kishor | 18 June 2026
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