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Moderna Stock Rises After mRNA Flu Shot Approval
The Wall Street Journal51d agoneutral
Moderna Stock Rises After mRNA Flu Shot Approval

Shares in Moderna ticked higher after the biotech secured Food and Drug Administration approval for its mRNA flu vaccine for use in adults aged 50 and older. The FDA's decision capped an arduous seven-month process that included a rare refusal by the regulator to consider the shot.

Reuters51d agoneutral
Optical networking firm Lumilens valued at $5.5 billion in latest funding round

Optical networking startup Lumilens said on Thursday it was valued at $5.51 billion in its latest funding round, ‌as surging investment in AI data centers fuels demand for ‌high-speed connectivity technologies. The San Jose, California-based company designs and manufactures optical and networking products ​that help data centers move data faster while using less power. It raised more than $700 million in the Series C funding round co-led by Atreides Management, Bain Capital Ventures, Meritech, Seligman Ventures and Spark Capital, bringing its ‌total funding to more than $900 ⁠million.

SpaceX stuck in tight range as lockup expiry adds to post-IPO woes
Reuters51d agoneutral
SpaceX stuck in tight range as lockup expiry adds to post-IPO woes

SpaceX shares seesawed on Thursday as investors weighed the impact of insider selling on the stock, which has had a ‌turbulent run since its market debut. When a company goes public, its executives, employees and early investors are ​typically barred from selling their shares for up to 180 days under lock-up agreements designed to curb volatility and support the stock. SpaceX, however, had an unusual arrangement under which up to 20% of the restricted shares could be sold starting Thursday, the second trading day after its second-quarter earnings release.

Reuters51d agoneutral
Qatar's Ooredoo leads $800 million investment in AI platform Zankore

Qatari telecommunications services provider Ooredoo is expanding its AI computing ambitions through an investment in ‌Zankore, a dedicated AI compute and neocloud platform being ‌developed with Indosat Ooredoo Hutchison, Nokia and Nvidia, it said on Thursday. As founding shareholder and lead investor with a 49% stake, Ooredoo will commit about $800 million to Zankore's launch and initial development • The initial investment is expected to contribute approximately $600 million in cumulative ‌EBITDA over its first ⁠five years, according to current estimates • Zankore, which will initially be developed in Indonesia before expanding ⁠across Southeast Asia, is targeting 1 gigawatt of NVIDIA DSX A...

Celsius Q2 Earnings Call Highlights
MarketBeat51d agoneutral
Celsius Q2 Earnings Call Highlights

Celsius (NASDAQ:CELH) reported second-quarter revenue of $818 million, up approximately 11% from a year earlier, as growth at Alani Nu and the completed integration of Rockstar helped offset declines in the core Celsius brand. Chairman and Chief Executive Officer John Fieldly said the company compl

Ford's new EV truck Fathom to be priced starting at about $28,000
Reuters51d agoneutral
Ford's new EV truck Fathom to be priced starting at about $28,000

DETROIT, Aug 6 (Reuters) - Ford Motor said on Thursday that its upcoming midsize electric pickup truck would ‌be priced starting at about $28,000 and named Fathom, as the ‌Michigan automaker looks to offer an affordable model in a market full of ​pricey EVs. • Ford has approached development and manufacturing of this vehicle from the ground up, assembling a specialized team in California aimed at competing with rivals like Tesla and China's BYD.