Eric huang

A group of banks is in talks to lend an additional $38 billion to Oracle and data centre builder Vantage, according to a Financial Times report on Friday. The funding is intended to support the development of further sites for OpenAI. The report cites people familiar with the matter as its source. Reuters noted that […]

Merck & Co. has announced a deal to acquire Cidara Therapeutics for nearly $9.2 billion. This acquisition grants Merck access to Cidara’s experimental long-acting antiviral drug, CD388, which has the potential to serve as a single-dose, universal prevention against all influenza strains. The move is part of Merck’s strategy to diversify its revenue sources as

DBS Group Chief Executive Tan Su Shan stated that China’s push into deep technology and artificial intelligence is creating pockets of growth, despite an uneven recovery in its property sector and subdued consumer sentiment. She made these remarks during a Reuters NEXT Newsmaker interview on Tuesday. Tan emphasized the government’s role, noting, “You’ve got pockets

Just months after a U.S. tariff shock whacked the dollar, a rush by overseas investors to protect U.S. holdings from the sliding currency has slowed sharply. This slowdown is a vote of confidence that’s helping the greenback recover from its worst rout in years. While analysts note that investor hedging remains higher than historical levels,

A factory in Dongguan, China, situated next to a weed-ridden lot in the industrial south, has evolved into a critical global bottleneck for automotive semiconductors. This development has upended an industry that, just a few years prior, vowed to avoid future supply-chain disruptions. Automakers pledged to fortify their supply lines after the COVID-19 pandemic disrupted

Shares of Australian industrial logistics group Qube Holdings surged to a record high on Monday after it announced receiving an A$11.6 billion (US$7.5 billion) buyout proposal from Macquarie Asset Management (MAM). Qube’s stock jumped as much as 19.7% to an all-time high of A$4.890, closing at A$4.86. This performance significantly outpaced the broader market’s 1.3%

With the popularity of the theme, the capitalization process of robotics companies has accelerated significantly. Recently, Shenzhen Le Dong Robot Co., Ltd. (hereinafter referred to as “Le Dong Robot”) submitted an IPO application to the Hong Kong Stock Exchange. Le Dong Robot focuses on visual perception products such as LiDAR, generating revenue of 341 million

As the ‘honeymoon period’ between Trump and Musk disintegrates, recent media exposés reveal startling details: Trump privately labeled Musk a ‘drug addict,’ while Musk allegedly shoulder-charged the Treasury Secretary in a White House corridor. The fatal blow, however, stemmed from calculated political maneuvering by White House personnel targeting Musk’s space ambitions. Few anticipated such a

On the surface, tariffs and U.S. recession risks are diminishing, yet the S&P 500 appears to be encountering short-term resistance around the 6000 mark. Several tail risks persist: escalating Russia-Ukraine tensions, uncertainties surrounding Section 899, and the inability to pinpoint a catalyst for deleveraging beyond Trump-era tariffs. Following the strongest May performance in over three

Major U.S. tech stocks showed broad strength, with the “Magnificent Seven” tech giants posting gains across the board. U.S. rare earth concept stocks generally declined, with NioCorp closing down 6.50%, while Canada-listed Ucore Rare Metals surged over 13%. The China-concept index edged down 0.06% on Friday but climbed over 3% for the week. Expectations for