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Bloomberg96d agoneutral
Drone Makers Quantum and Destinus Seek Banks for 2027 IPOs

(Bloomberg) -- Quantum Systems and Destinus are in talks to line up advisers for potential IPOs as soon as early 2027, people familiar with the matter said, as the drone makers seek to tap surging demand for unmanned defense assets.Most Read from BloombergSingapore Hands Byju's Founder His First Ever Jail TermIran’s Khamenei Says No Going Back for Middle East Rocked by WarEx-President Biden Sues to Stop DOJ Sharing Interview TapesTwo More Oil Supertankers Exit Hormuz to Help Push Up Flows‘KPop D

JD.com's Ceconomy deal involves Chinese subsidies, EU regulators warn
Reuters96d agoneutral
JD.com's Ceconomy deal involves Chinese subsidies, EU regulators warn

Chinese e-commerce giant JD.com's $2.5 billion bid for German electronics retailer ‌Ceconomy may involve Chinese subsidies, European Union competition regulators ‌warned on Thursday as they opened a full-scale investigation into the deal. The ​acquisition will allow one of China's largest retailers to expand outside its home market via Ceconomy-owned electronic products retailers MediaMarkt and Saturn. The decision by the European Commission marks its first ‌in-depth probe of a ⁠Chinese deal under its Foreign Subsidies Regulation, which targets unfair foreign state aid and could ⁠require JD.com to offer concessions to address its concerns.

J&J Mastered Cancer Biotech Deals on the Cheap. Can It Stay on the Cutting Edge?
The Wall Street Journal96d agoneutral
J&J Mastered Cancer Biotech Deals on the Cheap. Can It Stay on the Cutting Edge?

Johnson & Johnson seems to have perfected the art of the biotech deal. Rather than spending billions on acquisitions, it has built much of its pharma empire through partnerships that capture huge upside for bargain prices. A biotech partnership is a bit like an open relationship: Your partner can always fall in love with someone else.

Micron’s Cheap Stock Valuation Seen as a Contrarian Warning Sign
Bloomberg96d agoneutral
Micron’s Cheap Stock Valuation Seen as a Contrarian Warning Sign

(Bloomberg) -- Micron Technology Inc. is the third-best performer in the S&P 500 Index this year and at the same time one of the least expensive stocks in the market. While that dichotomy looks bullish on the surface, it may be more of a warning sign than a green light for investors.Most Read from BloombergSingapore Hands Byju's Founder His First Ever Jail TermIran’s Khamenei Says No Going Back for Middle East Rocked by WarEx-President Biden Sues to Stop DOJ Sharing Interview TapesTwo More Oil S

Mistral AI Signs New Manufacturing Deals With Airbus, BMW
Bloomberg96d agoneutralVIDEO
Mistral AI Signs New Manufacturing Deals With Airbus, BMW

French artificial intelligence startup Mistral AI is expanding into advanced manufacturing, striking deals with new customers Airbus and BMW as it looks to so-called physical AI to fuel growth. Mistral is also announcing a new data centre in France. The CEO and co-founder Arthur Mensch spoke with Bloomberg's Tom Mackenzie from Paris.

Nvidia Server Maker Wiwynn Sees AI Bottlenecks Beyond Memory
Bloomberg96d agoneutral
Nvidia Server Maker Wiwynn Sees AI Bottlenecks Beyond Memory

(Bloomberg) -- Wiwynn Corp., one of the biggest makers of Nvidia Corp. servers, warned of shortages developing in vital data center components beyond just memory chips, potentially slowing or inflating the cost of a global AI infrastructure buildout.Most Read from BloombergSingapore Hands Byju's Founder His First Ever Jail TermIran’s Khamenei Says No Going Back for Middle East Rocked by WarEx-President Biden Sues to Stop DOJ Sharing Interview TapesTwo More Oil Supertankers Exit Hormuz to Help Pu

How Much Further Can the Chip Rally Run?
The Wall Street Journal96d agobullish
How Much Further Can the Chip Rally Run?

Even by the standards of the artificial-intelligence boom, the gains in chip stocks this year have been extraordinary. Sandisk has soared 570%. Intel has more than tripled. Samsung, Micron and SK Hynix have all climbed into the ranks of $1 trillion companies.

Oil Retreats — Heard on the Street Wednesday Recap
The Wall Street Journal96d agoneutral
Oil Retreats — Heard on the Street Wednesday Recap

Oil prices fell on a new report of progress in negotiations. Iran’s state broadcaster reported that a draft framework being negotiated with the U.S. includes restoring commercial shipping to prewar levels within a month. President Trump, speaking at a cabinet meeting, signaled that he was prepared to keep negotiating but didn’t exclude further military action.

5 Must-Read Analyst Questions From Deere’s Q1 Earnings Call
StockStory96d agoneutral
5 Must-Read Analyst Questions From Deere’s Q1 Earnings Call

Deere’s first quarter results outpaced Wall Street expectations on both revenue and profit, yet the market responded negatively, with shares declining sharply. Management attributed the quarter’s performance to strong demand in construction and small agriculture equipment, alongside positive impacts from one-time tariff refunds. However, elevated production costs and persistent margin headwinds, especially in the large agriculture segment, weighed on operating profitability. CFO Josh Beal emphas

Exclusive-ByteDance developing custom CPU chips to support AI rollout, sources say
Reuters96d agoneutral
Exclusive-ByteDance developing custom CPU chips to support AI rollout, sources say

Chinese technology giant ByteDance is developing its own central processing units (CPUs) to support its growing AI infrastructure needs, three people familiar with the matter said, as surging chip prices and prolonged supply ‌shortages constrain its expansion plans. The move underscores the industry's rapid shift toward "inference," where AI models are deployed to perform agentic tasks ‌that demand more from CPUs, working in tandem with the graphics chips made by Nvidia that have dominated the AI boom. The shift has created a shortage of CPUs in recent ​months, and global hyperscalers including Alphabet's Google, Amazon and Microsoft are also developing their own custom CPUs to reduce costs and tailor performance to their specific workloads.

Costco Results Will Be This Earning Season’s Last Look at the Consumer
Barrons.com96d agobearish
Costco Results Will Be This Earning Season’s Last Look at the Consumer

Costco Wholesale is the last major retailer to report results this earnings season. After multiple retailers noted, however cautiously, that consumers are still spending, investors will be looking to see if Costco does the same. For its fiscal third quarter, Costco is expected to earn $4.98 a share, a 16.3% increase from the year-ago period, on a 10% rise in revenue to $69.68 billion.