Anthropic, Microsoft in talks for AI chip deal after $5 billion investment
Microsoft has not made the Maia 200 chips available to customers, but they are used in the company’s data centers, offering better efficiency than other silicon.
Stellantis targets 35% North American sales increase, led by Ram Trucks and Chrysler revival
Stellantis said at an investor day Thursday that it plans to increase its North American sales by 35% by 2030.
SpaceX is heavily reliant on Starlink for growth and profit as it marches toward Nasdaq listing
SpaceX’s IPO prospectus underscores the importance of Starlink to the company’s operations.
Bloom Energy rises 12% after partnering with European AI infrastructure upstart in $2.6 billion deal
Nebius said Wednesday that it would deploy Bloom’s fuel-cell technology to generate electricity faster and more quickly at its data centers.
Oil market could enter ‘red zone’ by July as stocks dwindle ahead of summer travel season, IEA chief says
IEA Executive Director Fatih Birol said the single most important solution to the Iran war energy shock is the unconditional reopening of the Strait of Hormuz.
Eli Lilly says next-generation weight loss drug clears crucial obesity trial
The results bring Lilly one step closer to filing for approval of the injection, retatrutide, which works differently from existing injections and pills.
Stellantis unveils $70 billion turnaround plan, targets positive cash flow by 2027
Stellantis CEO Antonio Filosa unveiled a new five-year strategic plan Thursday worth 60 billion euros ($69.7 billion).
Ram unveils lineup of Hemi V-8 engine-powered ‘muscle trucks’ despite high gas prices
Stellantis plans to launch a new lineup of what it’s calling “muscle trucks” for its Ram brand despite elevated U.S. gas prices due to the war in Iran.
Cheap AI could derail OpenAI and Anthropic’s IPOs
Chinese AI labs are matching American frontier capability at a fraction of the cost.
Spiking yields are spooking the stock market. These equities win when rates rise
Some defensive names that are more closely correlated to the 10-year Treasury yield can fare well in a higher rate environment.
