Eric Swalwell resignation over sexual misconduct prompts rare House Ethics panel comments
Ethics issues have roiled Congress in recent months, as allegations against Reps. Eric Swalwell and Tony Gonzales led to both members resigning last week.
Sandwich chain Jersey Mike’s confidentially files for IPO
Blackstone bought a majority stake in the sandwich chain in 2024 in a deal that valued the company at roughly $8 billion.
Eli Lilly agrees to acquire cancer drug maker Kelonia in deal worth up to $7 billion
Kelonia is developing technology to reprogram patients’ T-cells inside the body so those cells can attack cancer, called in vivo CAR-T.
USA Rare Earth to buy Brazil’s Serra Verde for $2.8 billion to build supply outside Asia
USA Rare Earth on Monday announced plans to buy Brazilian rare earths miner Serra Verde in a deal worth $2.8 billion in cash and shares.
American Airlines falls after company dismisses talk of United megamerger
American Airlines stock fell after the company dismissed talk of a potential merger with United, citing antitrust concerns and potential harm to competition.
China calls for ‘concerted’ industry efforts to tackle excess solar production
China is the undisputed global leader in solar energy, making more than 80% of the world’s solar panel components.
AI startup Cursor in talks to raise $2 billion funding round at valuation of over $50 billion
Artificial intelligence startup Cursor in talks to raise a $2 billion fundraising round at an over $50 billion valuation, which does not include the investment.
FBI Director Kash Patel vows to sue The Atlantic over alcohol abuse claims
Kash Patel recently made headlines for chugging a beer after Team USA won the gold medal in ice hockey at the 2026 Winter Olympic Games.
SiIicon Valley’s AI agent hiccups: Wasted tokens and ‘chaotic’ systems
Nvidia CEO Jensen Huang told CNBC’s Jim Cramer in March that AI agents are “definitely the next ChatGPT.”
