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SpaceX’s (SPCX) stock opened at $150 on Friday — an 11% jump from its IPO price — and finished up nearly 20% for the day. The rocket and satellite company priced its IPO Thursday night at $135 per share ahead of today’s debut on the Nasdaq Composite (^IXIC), trading under the ticker SPCX (SPCX). “SpaceX…
The Justice Department will not challenge Paramount’s merger with Warner Bros. Discovery, clearing a major hurdle for the $111 billion deal, the agency said Friday. The merger would consolidate the ownership of two major movie studios; two major streaming services, Paramount+ and HBO Max; and two television news networks, CNN and CBS News, under the…
Employees at SpaceXs facility in Hawthorne, California, share their thoughts on the companys initial public offering. (Splash News for Fox News Digital) SpaceX’s record-setting IPO is creating a financial windfall for thousands of the company’s current and former employees who received stock as part of their compensation. Workers who hold stock in non-public companies are…
Summary The Justice Department has approved Paramount’s acquisition of Warner Bros. Discovery, including CNN and HBO. State attorneys general may still file a lawsuit challenging the merger on antitrust grounds. The deal has drawn scrutiny over Paramount’s ties to President Trump and concerns about press freedom. AI-generated summary was reviewed by a CNN editor. The…
The Small Business Administration is expanding its scrutiny of socio-economic contracting programs to now include a review of the women-owned small business program. In an email sent to economically disadvantaged women-owned small businesses earlier this week, SBA is giving these firms until June 30 to respond to a survey and provide the agency with “personal…
The BBC breaks down how the tech mogul’s fortune has grown. Source link
Anthropic’s Claude Fable 5, released publicly this week, sparked concerns about cybersecurity and hacking. Source link
Treasure Global Inc. has secured a US$15 million contract to develop an AI-powered Social Listening Platform for Creative World Industries, emphasizing the growing demand for AI systems that convert digital data into actionable insights. This platform leverages machine learning and NVIDIA-powered infrastructure to provide real-time sentiment and trend analytics across various sectors. The deployment underscores…
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