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Merck announced a major funding agreement to boost its cancer drug development. The company will receive $700 million from Blackstone Life Sciences. This money will help fund the development of an experimental cancer therapy, sacituzumab tirumotecan (sac-TMT). The new drug is an antibody-drug conjugate (ADC). ADCs are special treatments. They deliver anti-cancer drugs directly to…
Pfizer has raised its full-year profit forecast for the second quarter in a row. The company now expects to earn $3.00 to $3.15 per share for 2025. This is an increase from its earlier prediction of $2.90 to $3.10. Strong demand for key treatments drove this positive outlook. The drugmaker reported excellent third-quarter earnings. Adjusted…
German satellite maker Reflex Aerospace just closed a major funding round. The company raised €50 million ($57.5 million) in its Series A round. This is one of Europe’s largest Series A investments in the space sector. The funding round was led by Human Element. Reflex Aerospace plans to use this new capital to quickly increase…
A major, multi-billion-dollar arms deal is moving forward. Saudi Arabia wants to buy up to 48 F-35 fighter jets from the U.S. This request has just cleared a key approval step at the Pentagon. The F-35, built by Lockheed Martin, is the world’s most advanced stealth jet. Sources confirm the Pentagon’s policy department completed its…
President Donald Trump again nominated billionaire Jared Isaacman to lead NASA. This announcement follows a dramatic political shift. Trump had withdrawn Isaacman’s first nomination five months ago. The initial withdrawal followed a reported public disagreement between the President and Elon Musk. Isaacman is a close ally of the SpaceX CEO. Trump praised Isaacman as a…
The federal government shutdown is creating an emergency for U.S. air travel. Transportation Secretary Sean Duffy warned of “mass chaos” if the standoff continues into next week. This statement comes as the shutdown ties the record for the longest in American history. The core issue is a critical staffing shortage. Air traffic controllers and TSA…
Pinterest, which just released a challenging but ultimately transformative third-quarter report. The social platform delivered a mixed bag to investors, pairing phenomenal user growth with an earnings shortfall. The good news? Pinterest is scaling fast. It hit a new high of 600 million global monthly active users, a jump of 12% year-over-year. CEO Bill Ready…
Wall Street is currently grappling with renewed volatility, and according to CNBC’s Jim Cramer, the cause is not a fundamental flaw in the economy—it’s a dangerous fixation on the highest-priced stocks. Cramer points to a fractured market, segmented into a booming, earnings-driven AI and Data Centers economy, a struggling ‘so-called real economy’ that desperately needs…
The price of Bitcoin has dropped under $100,000, and small-scale (retail) investors appear to be stepping aside. According to recent analyses, many individual investors are selling or staying out of crypto trades while larger institutions are buying. Analysts note that retail interest is near six-month lows. For example, active network addresses are down roughly 26…
US chipmaker Nvidia has become a founding strategic adviser to the India Deep Tech Alliance (IDTA), a consortium launched in September to back deep-tech start-ups in India. The alliance announced over $850 million in new capital commitments, including from Qualcomm Ventures, Activate AI, InfoEdge Ventures, Chirate Ventures and Kalaari Capital. The group was inspired to…
