Hadrian, a defense tech manufacturing startup, closed a funding round valuing the company at nearly $8 billion, more than four times its January valuation. Led by Baillie Gifford and J.P. Morgan, the funds will be used to scale its workforce and enhance its Opus software platform, which is already used by the U.S. Army and Navy. This growth aligns with increased U.S. defense spending and efforts to boost domestic military manufacturing amid rising geopolitical tensions. Hadrian aims to address production challenges in submarines, munitions, and drones, positioning itself as a key player in the defense industrial base.
Ascendis Pharma announced that the European Medicines Agency's CHMP has given a positive opinion for TransCon CNP (Navepegritid), a once-weekly treatment for achondroplasia in children aged 2 and above with open growth plates. This recommendation sup...
Ascendis Pharma announced that the European Medicines Agency's CHMP has issued a positive opinion recommending approval of TransCon CNP (navepegritide), a once-weekly treatment for achondroplasia in children aged two and older with open growth plates...
Morgan Stanley reports a 32-gigawatt electricity deficit for US data centers through 2028, a 34% shortfall even after alternative power sources. This power gap threatens AI growth as data centers need constant energy to operate. Tech analyst James Al...
On October 17, the STRK token price on Hyperliquid dropped about 13% from the previous day, causing significant unrealized losses for major long holders. The largest STRK long position, holding 64.2 million tokens with five-times leverage, showed a n...
Ether (ETH) derivatives data on October 17 reveal a call-heavy options market, with calls comprising 62.25% of options open interest. The futures market shows a substantial open interest of $30.59 billion, indicating active trading and investor engag...
