The US government has pledged over $2 billion to advance quantum computing, focusing on nine companies including IBM, which will receive $1 billion to build a quantum wafer manufacturing plant in Albany, New York. This funding, supported by the CHIPS Act and matched by IBM's own investment, aims to enhance domestic technology capabilities and create high-paying jobs. The initiative also addresses security risks quantum computing poses to cryptocurrencies like Bitcoin and blockchain systems. Other companies such as D-Wave and PsiQuantum will receive $100 million each, with the government taking equity stakes to ensure oversight and returns.
Hamilton Lane reported a fourth-quarter EPS of $1.49, surpassing estimates for the fourth consecutive quarter, though its revenue of $193.56 million fell short of projections. For fiscal year 2026, the firm showed solid growth with assets rising 9% t...
Inventiva, a biopharmaceutical company developing oral therapy for metabolic dysfunction-associated steatohepatitis (MASH), announced its CEO Andrew Obenshain will present at the 2026 Jefferies Global Healthcare Conference in New York on June 3. The ...
LiquidStack, a Trane Technologies company, has commercially launched its GigaModular™ CDU platform designed for high-density AI data centers. The platform offers flexible, scalable liquid cooling capacity up to 14 MW, enabling operators to expand coo...
Electrolux Group has announced a fully underwritten rights issue of approximately SEK 9.06 billion, subject to approval at an Extraordinary General Meeting on May 27, 2026. The proceeds will finance growth initiatives, including a strategic partnersh...
XRP has experienced renewed volatility this week, trading between $1.35 and $1.55, driven by speculation around ETF activity and institutional interest, including mentions of Goldman Sachs. Regulatory progress with the U.S. CLARITY Act has added opti...
