Primoris Services Corporation's shares dropped 40% intraday on June 23, 2026, following disclosures of additional cost overruns and challenges in its renewables projects, along with the sudden departure of its COO. The company revealed that its 2026 renewables revenue is expected to fall 30% from 2025, due to ongoing problems in six projects. This follows earlier warnings in February and May about operational issues and declining profits in its Energy segment, which contributed to a total market value loss of over $7.8 billion. An investigation is underway to determine if Primoris misled investors about the true state of its renewables business.
Vishay Intertechnology introduced the VOMHA43A, a high-speed automotive optocoupler in a narrow 3.6 mm SOP-5 package that saves PCB space while enhancing signal quality. It offers industry-leading common mode transient immunity of 40 kV/µS and a peak...
At the NATO summit, President Trump secured $3 billion in deals for U.S. defense companies to expand production in Europe, enhancing NATO's missile and drone capabilities. Lockheed Martin will establish a Patriot missile sustainment facility and co-p...
Microsoft reported a 25% increase in carbon emissions in 2025, reaching 20 million metric tons, driven by the expansion of AI data centers. This rise challenges the company's 2030 climate goal to be carbon negative, as demand for AI infrastructure gr...
Anduril CEO Brian Schimpf said the company is not rushing to go public, warning that IPOs during hype cycles can lead to poor returns. Despite soaring demand for defense tech driven by increased military spending, Anduril and other firms face what Sc...
Concerns over insider trading risks linked to prediction markets are prompting companies like Goldman Sachs and Morgan Stanley to update or create policies restricting employee trades on these platforms. The Commodity Futures Trading Commission is ex...
