AstraZeneca has denied ongoing takeover talks with US rival Bristol Myers Squibb, a move that follows a significant share price drop and subsequent recovery. The situation highlights questions about AstraZeneca's long-term M&A strategy under CEO Sir Pascal Soriot.
BlackRock announced a one-for-three reverse split for its iShares Ethereum Trust ETF (ETHA) to lift its nominal share price and potentially reduce trading spreads, as Ethereum's price declines weigh on the fund.
Palantir reported a 93% year-over-year revenue increase to $1.94bn for the second quarter, beating Wall Street expectations and sparking a 10% surge in its share price.
Rolls-Royce CEO Tufan Erginbilgiç's ambitious goal of making the company the London Stock Exchange's most valuable firm appears less fantastical after strong half-year results. Upgraded financial forecasts, growth in defense, AI datacenter power systems, and potential re-entry into narrowbody aircraft engines position Rolls-Royce at the center of major global trends.
Maxone Semiconductor Suzhou's president, Zhou Ming, transferred 6 billion yuan worth of company shares to his ex-wife as part of a divorce settlement, causing concern among retail investors about corporate governance and potential share price volatility for the A-share market company.
Beijing-based Z.ai has acquired Chinese infrastructure software developer XCore Sigma, a spin-off from the Chinese Academy of Sciences. This acquisition, alongside a new data center, aims to address computing power constraints and improve AI inference efficiency for Z.ai.
SpaceX's share price has fallen to $132.62, below its initial $135 listing from June and 41% down from its post-float peak. This drop, steeper than the wider Nasdaq, follows an initial investor frenzy and the acquisition of AI startup xAI. Analysts attribute the decline to a lack of recent catalysts, with an earnings report due in August.
US private equity firm Apollo has made a surprise offer for easyJet, trumping Castlelake's bid with a higher price of 715p per share (£5.7bn). This has initiated a competitive auction, relieving easyJet's board. Apollo is seen as a favorite due to its appeal to founder Sir Stelios Haji-Ioannou and its larger scale compared to Castlelake.
Goldman Sachs forecasts a 50% surge in CATL's share price over the next 12 months, driven by rising demand for energy independence and its battery energy storage system business. The investment bank set target prices for its Hong Kong and Shenzhen stocks, anticipating significant growth.
Richard White resigns as WiseTech's executive chair, denying allegations of exploiting a worker's status for sex. He remains chief innovation officer as Raelene Murphy takes over as chair, boosting the company's share price.
BT CEO Allison Kirkby has overseen an 80% share price climb and a £5.6m pay package, but questions linger about her credit for the turnaround. The company is focusing on domestic operations, with plans to cut workforce by 40% and increase savings.
BT CEO Allison Kirkby has overseen an 80% share price climb and a £5.6m pay package. Questions linger on her credit for the revival, with foundations potentially laid by predecessor Philip Jansen. Kirkby faces competition and challenges in unlocking Openreach's value.
American Bitcoin Corp. will execute a 1-for-15 reverse stock split effective July 2 to raise its share price above Nasdaq's minimum listing threshold. The move aims to address the stock's recent decline, which saw it fall to $0.6122.
Short sellers are increasing their bearish bets on Chinese toymaker Pop Mart, with short interest rising to 12.67%. Despite a recent share price recovery, the stock remains significantly down from its peak, making short sellers' positions increasingly risky.
Ocado CEO Tim Steiner has received nearly £100m in payouts since the company's 2010 IPO, despite the share price languishing below its flotation level. Analysis by the High Pay Centre raises concerns over pay proportionality and fairness, as Steiner's future is discussed amid board succession planning.
Global stock markets are generating significant wealth for investors, with Ed Yardeni raising his S&P 500 target. US companies report strong profits driven by AI and consumer giants. However, doomsayers point to slowing global GDP growth, rising oil prices, and high debt levels as potential risks.
Benchmark-StoneX reiterated a $270 price target for Coinbase (COIN), a 60% increase, following the company's unveiling of future products including tokenized equities and options trading. The firm sees Coinbase evolving into an "everything exchange" beyond crypto trading.
SpaceX has become the world's fifth most valuable company, surpassing Amazon with a valuation of $2.78tn after a 50% stock price surge post-IPO. The company announced the $60bn acquisition of AI coding startup Cursor.
SpaceX's IPO saw its stock close up 19% on its debut, with founder Elon Musk becoming the world's first trillionaire. Despite investor optimism and significant retail investment, concerns about overvaluation persist, with analysts pointing to high P/E ratios compared to tech giants like Nvidia and Apple.
SpaceX's IPO has made Elon Musk the world's first trillionaire, with shares closing up 19%. Despite investor optimism, analysts warn of overvaluation and the need for rapid results, citing high P/E ratios compared to tech giants like Nvidia and Apple.
BT CEO Allison Kirkby's pay and bonus package surged to £5.6m, more than double her previous year's earnings. The award, the largest for a BT boss in over a decade, reflects the company's improved share price following a restructuring and network investment.
Crypto traders in SpaceX pre-IPO perpetual futures are anticipating a significant first day of trading, with contracts priced around $162, 20% above the IPO price. Despite strong investor demand, the market shows cautious optimism rather than euphoria.
Sebi has banned Rajesh Mehta, promoter and CEO of Rajesh Exports, from trading the company's securities due to alleged financial irregularities and fund diversion. The regulator cited misstatements in financial accounts and lack of cooperation from the company and its auditors.
SpaceX has proposed a share price of $135 for its upcoming IPO, valuing the company at $1.75 trillion and aiming to raise a record $75 billion. This early price reveal is unusual, with experts noting the valuation is 'rich' but potentially justified by future earnings and AI investments.
