The IMF announced that El Salvador's Bitcoin accumulation since June 27, 2025, originated from private donations rather than public resources, addressing concerns about government Bitcoin purchases. This clarification came as part of a staff-level agreement on El Salvador's Extended Fund Facility (EFF) reviews, which could release about $140 million pending IMF Board approval and prior actions. Additionally, El Salvador has reduced its public role in the Chivo Bitcoin wallet, transferring majority control to a private operator while retaining minority ownership and custodial duties. The IMF expects no further Bitcoin accumulation beyond the documented donations and is working with El Salvador to improve governance and transparency of digital assets.
Grail's stock surged 55% in one week following a positive FDA advisory committee vote on its Galleri multi-cancer early detection test, which was deemed safe and beneficial. Analyst Kyle Mikson raised the price target from $80 to $150, reflecting str...
Roblox stock fell 6% following Jefferies' downgrade to Underperform and a price target cut to $38, citing concerns over overly optimistic bookings outlook and slower user growth in the US and Canada. This downgrade contrasts with steady performance i...
Geely Holding Group has acquired a 30% stake in Nio Power, the battery swapping and charging unit of Nio, valuing the business at about RMB16 billion. This investment marks a significant external validation of Nio's battery swapping network, a key as...
CoreWeave reported strong Q2 results with significant scale and margin improvements, supported by a $104.2 billion backlog driven by demand from hyperscalers exceeding supply. The company raised its 2026 revenue guidance to $12.4–$13.2 billion, expec...
Tiziana Life Sciences has dosed the first three patients in a Phase 2a trial testing foralumab, a nasal spray antibody, for treating early-stage ALS. The Healey ALS MyMatch BANYAN trial will enroll 44 patients to evaluate safety, tolerability, and im...
