Iran's IRGC has set up a toll system at the Strait of Hormuz, requiring ships to pay in stablecoins or Chinese yuan for naval escort through this vital oil passage. This system includes a five-tier friendliness ranking affecting access and fees, which can reach up to $2 million per large tanker. Despite Iran's growing use of crypto for military and export payments, Bitcoin has not acted as a reliable wartime hedge, underperforming gold since the conflict began in February 2026. Stablecoins are preferred by Iran for their price stability and ability to bypass US dollar sanctions, highlighting their practical use in conflict finance rather than Bitcoin's speculative nature.
Sodexo has secured a major global contract to provide catering services across more than 130 Meta sites in over 30 countries. This large-scale partnership includes diverse locations such as headquarters, campuses, data centers, and conference centers...
Rotork PLC has accepted a £4.1 billion takeover bid from Swiss engineering group ABB, offering shareholders 506p per share, a 73% premium over the previous closing price. The acquisition will enhance ABB's industrial automation business by adding Rot...
Alexandria Real Estate Equities (ARE) is struggling with oversupply and vacancy rates exceeding 30% in key life science markets like Boston, San Francisco, and San Diego. This has caused an 80% decline in its stock price from its peak. The company's ...
ASML Holdings has raised its 2026 revenue guidance midpoint from €38 billion to €44 billion and increased its gross margin midpoint from 52% to 55%, reflecting strong growth prospects. The analyst maintains a Buy rating and raises the price target fr...
Labcorp is considered a buy due to its effective rollup strategy in a fragmented lab testing industry, driving steady and predictable growth. Automation is reducing operational costs, helping to counteract healthcare pricing pressures. The company no...
