Rivian reported its first-quarter results after the bell on Thursday.
Category: Business
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White House said to oppose Anthropic’s plan to expand Mythos access to more companies
Reports of the closely held model say it has powerful offensive and defensive cyber capabilities. Currently about 50 organizations are previewing and testing the model.
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Stocks climb to new record high as traders digest Big Tech earnings
Losses in Meta and Microsoft couldn’t drag down the benchmark index as traders cheered Alphabet’s Q1 results.
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Trump-backed World Liberty token sinks to new all-time low amid governance proposal to unlock 62 billion tokens
The top 22 addresses voting in favor control 4.8 billion tokens, making up the majority of Yes votes.
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Beyond Meat soars amid retail trader happiness that it’s scheduled an earnings release
“Just having this communicated clearly is a signal that things are at least getting better, now the actual report on the other hand, let’s see…”
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Merger of Twenty One with Strike and Elektron may portend the future for digital asset treasury companies
“The market is realizing it simply isn’t a strong long-term company model”
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Ford’s leaving the door open for a Chinese automaker collaboration, says RBC
US lawmakers have raced to introduce legislation to lock in restrictions on cheaper Chinese vehicles and parts ahead of the Trump-Xi meeting in May.
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Eli Lilly quells fears that its GLP-1 pill debut is off to a rocky start
Early prescription data for Foundayo showed the pill was having a lackluster rollout compared to its competitor.
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Nvidia tumbles after hyperscaler earnings, with GPUs no longer the missing ingredient in the AI boom
Hyperscalers aren’t talking as much about GPUs, Nvidia’s chief contribution to the AI boom, but continue to talk up their hardware offerings and the memory chip crunch.
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MARA surges on $1.5 billion acquisition of Long Ridge Energy, adding 1 gigawatt of potential power capacity
The acquisition agreement is part of the firm’s infrastructure goals to build an AI campus.
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Alphabet, Amazon, Microsoft, and Meta plan to spend more than $700 billion on capex this year
That’s up from the $600 billion they’d expected just last quarter.
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Microsoft’s capex outlay this year would be enough to buy every outstanding share of Disney
CFO Amy Hood said on last night’s earnings call that the company will spend $190 billion on capex in 2026.
