Briefs

In a sharp blow to the Trump administration’s downsizing agenda, U.S. District Judge Melissa DuBose issued a preliminary injunction halting the March 27, 2025 overhaul of the Department of Health and Human Services (HHS), siding with a coalition of nineteen states and the District of Columbia...

Taiwan Semiconductor Manufacturing Co (NYSE:TSM) stock surged 14% year-to-date, beating the market considerably despite Washington’s tariff policies and semiconductor sanctions cast a shadow over a sustained AI frenzy. During the same period, the PHLX Semiconductor Index, of which Taiwan...

Bowman Consulting Group Ltd. (NASDAQ:BWMN) is expanding its presence in high-tech infrastructure through the acquisition of e3i Engineers, a Boston-based firm specializing in data center and energy system design. The deal, valued at approximately $2 million in annualized net service billing, was...

Hut 8 Corp. (NASDAQ:HUT) saw its stock edge higher during premarket trading on Wednesday after announcing a key infrastructure win in Ontario. The company revealed that its joint venture, Far North Power Corp., formed alongside Macquarie Equipment Finance Ltd., a subsidiary of Macquarie Group, has...

Prairie Operating Co (NASDAQ:PROP) on Wednesday announced the acquisition of certain assets from Edge Energy II LLC in an off-market transaction. The transaction amount was $12.5 million in cash, funded through the company’s credit facility. This resulted in a non-dilutive transaction for...

BlueForge Alliance and Palantir Technologies Inc. (NYSE:PLTR) on Wednesday announced the launch of “Warp Speed for Warships,” a new initiative aimed at modernizing the U.S. Navy’s shipbuilding efforts through digital transformation and faster production timelines. The project,...

KKR & Co. Inc. (NYSE:KKR) has struck a deal on Wednesday to acquire ProTen Pty Limited, a major player in Australia’s poultry farming infrastructure, from Aware Super, a leading Australian pension fund. The agreement marks a strategic move by KKR to further expand its investments in the...

On Tuesday, July 1, U.S. markets closed mixed, the S&P 500 and Nasdaq fell, pulled down by large-cap tech stocks, while the Dow gained. Volatility was high amid low liquidity. Investor optimism from potential stimulus was tempered by market concentration and a Tesla-Trump spat. Economic data,...

Alibaba Group Holding’s (NYSE:BABA) cloud unit is rapidly expanding its global footprint, recently establishing its third data center in Malaysia and planning a second in the Philippines for October. This strategic expansion aligns with CEO Eddie Wu’s declaration that globalization is a...

Bank of America Securities analyst Jessica Reif Ehrlich maintained a Buy rating on Warner Bros. Discovery (NASDAQ:WBD) with a price target of $16, up from $14 on Tuesday. Ehrlich anticipated that WBD’s second-quarter earnings would reflect a strong quarter at the box office, offset by...

Microsoft Corp. (NASDAQ:MSFT) has demonstrated significant strength, with its stock surging over 31% in the last three months, a performance that notably outpaces both the S&P 500 Index’s approximately 11% gain and the NASDAQ Composite Index’s roughly 16% gain. This momentum is...

Bank of America Securities (BofA) outlined a second-quarter 2025 earnings preview for airline companies in an investor note on Tuesday, with a focus on second-half 2025 capacity. Analyst Andrew Didora notes airline management teams have highlighted stability throughout the second quarter 2025. BofA...

Bank of America Securities analyst Robert F. Ohmes maintained a Buy rating on Home Depot (NYSE:HD) with a price target of $450 on Tuesday. Ohmes noted that Home Depot announced plans for SRS Distribution to acquire GMS Inc (NYSE:GMS) for $110 per share or ~$4.3 billion (an implied EV of ~$5.5...

Avadel Pharmaceuticals Plc (NASDAQ:AVDL) is under fire from its shareholder ASL Strategic Value Fund, LP, which is pushing for a complete overhaul of the board following what it describes as a series of strategic failures tied to Lumryz, the company’s once-nightly narcolepsy treatment. In a...

Amazon’s 11th Prime Day event will commence on July 8 and run for four days, concluding on July 11. This marks a significant expansion, doubling the duration of last year’s two-day event. As in previous years, early access promotions will be available. Prime Day 2025 will span 26...