Globalstar is up 11% in premarket trading on Thursday on reports that Amazon (AMZN) is in talks to buy the satellite company, in a push to take on Elon Musk’s SpaceX. The two companies are currently negotiating…
Source: Sherwood News.
Category: Business
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FDA clarifies stricter stance on GLP-1 compounding: Reuters
Hims, historically seen as one of the largest sellers of copycat GLP-1s, sunk on the news.
Source: Sherwood News.
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Oil spikes, equity futures retreat as President Trump commits to hitting Iran “extremely hard” over the next two to three weeks
The ongoing war threatens to bring about an even more pronounced disruption to energy supplies, with negative ramifications for economic activity and financial markets.
Source: Sherwood News.
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Drift, solana-based trading venue, suffers ongoing exploit, resulting in at least $270 million lost
Drfit, a decentralized exchange native to the solana blockchain, is facing an ongoing attack, on-chain data shows.
Source: Sherwood News.
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Stocks continue to climb on hopes of an end to the war
Stocks rallied and oil fell as traders digested comments from President Trump.
Source: Sherwood News.
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The Iran war oil shock gave the markets ’70s stagflation vibes
These trades suggest the market is pricing in some chance we’ll enter a high-inflation, low-growth economy.
Source: Sherwood News.
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SpaceX reportedly files confidentially for IPO
The IPO of the summer is coming soon.
Source: Sherwood News.
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Energy stocks tumble after massive March
March madness for energy stocks appears to be over.
Source: Sherwood News.
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Nio, Li Auto rise as Q1 delivery totals beat internal guidance
Nio and Li Auto ADRs were up more than 3% on Wednesday morning.
Source: Sherwood News.
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Data center trade reboots amid Iran relief rally
The data center trade is getting a big, broad reboot Wednesday.
Source: Sherwood News.
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Intel soars after buying back stake in Irish manufacturing facility
Investors appear to be viewing this measure as a concrete sign that Intel’s turnaround plan is entering a new phase: growth mode, powered by AI.
Source: Sherwood News.
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Google research: Quantum computers a “serious threat” to 6.7 million bitcoin, including Satoshi’s coins
“Their fast-clock architecture could crack a private key in 9 minutes, while bitcoin blocks take 10 minutes on average. That changes the threat model entirely.”
Source: Sherwood News.