Iran shipped about 20 million barrels of crude oil after an interim deal with the US eased restrictions and reopened the Strait of Hormuz, causing oil prices to fall from spring highs. Despite geopolitical tensions, oil prices did not spike as expected due to a sharp drop in Chinese crude imports, which fell nearly 40%, offsetting supply increases. The market remains cautious after postponed US-Iran talks and mixed signals about Hormuz's status, but weak Chinese demand continues to limit price rises. Future prices depend heavily on whether Chinese demand recovers before supply risks ease.
John Jumper, a Nobel Prize-winning scientist known for leading DeepMind's AlphaFold team, announced his departure from DeepMind after nearly nine years to join Anthropic, a competing AI company. Jumper's work on AlphaFold, which predicts protein stru...
Bitdeer Technologies, a NASDAQ-listed Bitcoin mining firm, sold all 3,231 BTC it owned since February 2026, totaling over $205 million. The company is using the proceeds to shift from pure Bitcoin mining to building AI and high-performance computing ...
SpaceX's stock surged 67% above its IPO price shortly after debut but has since cooled to a 33% gain. The initial excitement is fading, yet the company is expected to be added to stock indexes soon. This inclusion could attract a new wave of investor...
AbbVie is close to acquiring Apogee Therapeutics for $10.9 billion in cash. Apogee is developing a long-acting drug for atopic dermatitis that blocks the IL-13 protein causing eczema. The drug is expected to enter Phase 3 trials later this year, pote...
Shift4 Payments has partnered with Lydian to integrate Tether's USDT stablecoin into its Pay with Crypto solution, allowing customers to pay with crypto wallets while merchants receive fiat currency instantly. This upgrade means merchants can accept ...
