DailyEdge
Page 3 of 52
France’s Schneider Electric Nears $20B Deal to Buy US Software Group PTC
France’s Schneider Electric is nearing a deal to buy US software group PTC for about $20 billion, the Financial Times reported on Sunday, citing people with knowledge of the matter.
Broadcom Starts Amassing $60 Billion to Fund Chips for Anthropic
Broadcom Inc.’s Wall Street syndicate is preparing to raise $60 billion in fresh AI chip financing to support Anthropic PBC and other companies, according to people familiar with the matter.
Why Is United Therapeutics (UTHR) Stock Rocketing Higher Today?
Shares of biotechnology company United Therapeutics (NASDAQ: UTHR) jumped 13.6% in the afternoon session after a federal district court ruled that competitor Liquidia Corporation infringed patent claims covering United Therapeutics' inhaled treprostinil treatments.
Iovance Biotherapeutics (IOVA) Eyes 60% Revenue Growth, Shares Jump 31%
Iovance Biotherapeutics (NASDAQ: IOVA) saw its share price increase by 31.48 percent on Tuesday, finishing at $14.45 per share after raising its full-year revenue growth guidance by as much as 60 percent, driven by strong demand for its cancer treatments.
U.S. Government Selects Navitas to Develop Next-Generation 10 kV SiC Power Semiconductors. Shares Up in Pre-Market
Navitas Semiconductor (Nasdaq: NVTS) announced that it has been awarded the ALATTIS (Accelerated, Large-Area, 10 kV SiC IGBT) program to develop next-generation 10 kV silicon carbide (SiC) power semiconductor technology.
Following a competitive evaluation, the U.S. Army selected Navitas for the program, which will focus on developing and validating a domestic manufacturing process for ultra-high-voltage SiC power semiconductor devices through design, fabrication, and testing.
Dow, S&P 500, Nasdaq Slip as AI Safety Concerns and US-Iran Tensions Resurface
US stock futures turned lower on Monday as US-Iran tensions resurfaced and concerns around AI safety intensified ahead of a busy week of economic data.
Futures tied to the Dow Jones Industrial Average fell 0.3%, S&P 500 futures dropped 0.4%, and Nasdaq-100 futures declined 0.9% after the major indexes posted gains last week.
Markets were unsettled after President Trump rejected Tehran’s proposal to reopen the Strait of Hormuz and end the war. With officials returning to the negotiating table, Trump said talks would resume this week. Brent crude, the international oil benchmark, rose to around $98 per barrel.
Akamai Stock Surges After $12 Billion Anthropic Deal
Akamai Technologies’ stock jumped in pre-market trading on Friday after the company agreed to provide cloud-computing services to Anthropic in a deal valued at $12 billion.
Under the agreement, Anthropic will pay $11.6 billion over seven years to use CPU capacity from Akamai Cloud’s distributed AI infrastructure and software. The companies also have the option to expand the agreement by an additional $9 billion in revenue.
As part of the deal, Anthropic will receive warrants allowing it to purchase up to 5% of Akamai’s outstanding shares at an exercise price of $111.33.
US 30-Year Yield Hits Highest Since 2004 as Bond Selloff Deepens
Yields on the US government’s longest-dated bonds climbed to their highest level in more than two decades, marking another milestone in an extended bond selloff driven by inflation and fiscal concerns.
The yield on 30-year Treasuries rose as much as four basis points on Thursday to 5.44%, its highest level since 2004, after Brent crude oil prices jumped. The move follows a broader surge this week that pushed Treasury yields across maturities to around their highest levels since 2007.
“People are running out of superlatives for the yield on the 30-year bond,” said Ed Al-Hussainy, a portfolio manager at Columbia Threadneedle. “Investors are saying, ‘Look, if we’re going to lock up our money for 30 years, we need much higher compensation.’”
Dow, S&P 500, Nasdaq Futures Muted As Oil Falls, Markets Eye Looming Trump-Xi Meeting
US stock futures were little changed on Wednesday morning as investors monitored US diplomatic developments with China and Iran, alongside the recent rally in tech stocks.
Futures on the Dow Jones Industrial Average (YM=F), S&P 500 (ES=F), and Nasdaq-100 (NQ=F) hovered near the flat line after the Nasdaq Composite posted back-to-back record highs.
President Trump is expected to greet Chinese President Xi Jinping at Joint Base Andrews, beginning Xi's first visit to Washington, D.C., in 11 years. While major policy breakthroughs are not expected, discussions are set to cover trade, Iran, rare earths, and artificial intelligence.
Nasdaq, Dow and S&P 500 Little Changed as AI Trade Powers Market
US stock futures steadied on Tuesday after confidence in artificial intelligence and falling oil prices spurred a rally on Wall Street.
Futures on the Nasdaq-100 (NQ=F) edged higher after the tech-heavy Nasdaq Composite touched a record high the day before. S&P 500 futures (ES=F) were little changed, while Dow Jones Industrial Average futures (YM=F) moved higher.
Stocks kicked off the week with strong gains as US and Chinese officials wrapped up talks ahead of a meeting between President Trump and Chinese leader Xi Jinping. Treasury Secretary Scott Bessent called the preliminary talks "very successful," lifting hopes of cooperation on artificial intelligence.