The U.S. Army has awarded Lockheed Martin a $3 billion contract to manufacture and provide technical support for its Sentinel A4 radar systems. This long-term agreement, finalized through the Defense Department, positions the aerospace giant as the primary supplier for the military's next-generation air defense surveillance technology.
After holding the position on an interim basis for several months, Nick Hilborn has been officially appointed chief financial officer of the Canadian biopharmaceutical firm Avicanna. His elevation to the permanent role follows a strategic transition period intended to solidify the company's fiscal leadership and long-term financial oversight.
Progress Software has outperformed market expectations in its second quarter, reporting a net income of $21.1 million. The company’s pivot toward artificial intelligence-powered product offerings provided the necessary momentum to lift revenue to $253.5 million, comfortably clearing the $242.7 million consensus target set by analysts.
A surging demand for artificial intelligence infrastructure has prompted a massive capital injection into the energy sector, as Brookfield Asset Management and Bloom Energy quintupled their joint financing framework to $25 billion. The expansion aims to accelerate the deployment of clean, reliable power sources for data centers.
A $144 million contract from NASA has tasked Firefly Aerospace with the development and delivery of a lunar mission by 2028. This deal marks the sixth lunar mission awarded to the Texas-based company, signaling a deepening reliance on private industry to facilitate the agency's long-term lunar ambitions.
Neurogene is heading back to the public markets to bolster its cash reserves, filing for a secondary share offering on Tuesday. The clinical-stage biotech aims to leverage a 53% surge in its share price this year to fund the ongoing development of its lead gene therapy candidate, NGN-401.
Datadog has acquired Adaptive ML, a startup specializing in reinforcement learning operations, to bolster its internal research division. While the financial terms remain undisclosed, the move signals an aggressive push to help enterprise clients deploy specialized AI agents capable of navigating increasingly complex software ecosystems.
With a commitment to pour $1.4 billion into digital infrastructure, Realty Income is launching a joint venture alongside Cloud Capital and an unnamed global institutional investor. The partnership targets the rapidly expanding artificial intelligence sector, kicking off with stakes in three high-capacity data centers valued at over $6 billion.
A newly formed joint venture between Northampton Capital Partners and Olympus Power is acquiring 752 megawatts of electricity generation from a Vistra subsidiary. The deal, which brings three facilities in Maine and New York under the banner of Winslow Power, aims to address surging energy demand across the Northeast.
Liminatus Pharma has bypassed the traditional shareholder vote to fast-track its $320 million acquisition of InnocsAI LLC. By restructuring the payout into a mix of common and restricted preferred stock, the company aims to finalize the transaction by July 2, effectively sidestepping a prolonged authorization process.
OSN Streaming has moved to consolidate its control over Anghami, submitting a non-binding cash proposal to acquire the remaining stake in the multimedia platform. The offer, which values the company at $3.39 per share, comes as the streaming firm seeks to transition away from its current public listing.
Papa John’s International has appointed Chris Collins as interim chief financial officer, effective immediately, as current CFO Ravi Thanawala departs to join another public company. The transition marks the second time Collins has stepped into the role, having previously served as interim finance chief during a period in 2023.
Shares of lidar manufacturer Ouster surged 14% to $61.79 on Tuesday after the company confirmed its latest sensor line meets stringent federal domestic content requirements. This regulatory milestone unlocks access to a massive pipeline of U.S. government-funded infrastructure projects, from smart-city upgrades to regional transit network modernization.
Driven by intense global demand linked to ongoing conflict in Iran, Canadian exports of finished petroleum products surged to an unprecedented 14.754 million barrels in April. This figure represents a 13.8% increase from March and a dramatic 70% climb compared to the same period last year, according to Statistics Canada.
The cost of essential raw materials for electric vehicle batteries remains under pressure, with lithium carbonate currently trading at 23,700 dollars per metric ton. These mid-price benchmarks, tracked weekly by Benchmark Mineral Intelligence, provide a snapshot of the volatile supply chain underpinning the global transition toward large-scale battery electrification.
A 10% jump in Brand Engagement Network shares underscored investor confidence Monday, pushing the stock to $17.17 as the firm finalized its $19.5 million acquisition of Munich-based software provider Cataneo. The move marks a dramatic climb for the AI company, which has seen its valuation increase sevenfold since January.
Facing global energy instability and domestic economic sluggishness, Prime Minister Mark Carney has signaled a decisive shift away from his predecessor’s climate agenda. He argues that prioritizing Canada’s vast oil and gas reserves is now essential to securing the nation’s economic future and maintaining internal political unity.
Alberta is set to unveil a proposal this Thursday for a new pipeline capable of transporting one million barrels of crude oil daily to the Pacific Coast. Premier Danielle Smith aims to leverage Prime Minister Mark Carney’s ambition to establish Canada as a global energy exporter reaching markets beyond the United States.
Micron Technology has committed $250 million to the Trump administration’s upcoming children’s investment accounts, marking the largest corporate contribution to the program to date. Set for a July 4 launch, the initiative aims to provide financial head starts for up to one million children across the United States.
With an overwhelming mandate from investors, Brink's Co. and NCR Atleos have cleared a critical hurdle in their $4 billion merger. The deal, which combines two global giants of the automated teller machine industry, aims to reshape the landscape of cash management and digital retail infrastructure by early 2027.
Sarepta Therapeutics shares climbed 5.4% to $17.93 in Tuesday trading, shaking off a 17% year-to-date decline after the FDA accepted supplemental applications for two Duchenne muscular dystrophy treatments. The agency set a target action date of February 28, 2027, for the drugmaker’s bid to secure traditional, non-accelerated approval.
Ares Management and Brooklyn Nets owner Joe Tsai have spearheaded a $100 million Series E funding round for the Premier Lacrosse League. The capital injection signals a high-stakes bet on the sport's commercial growth, with ESPN joining the roster of backers as a minority equity investor to amplify media distribution.
A $65 million capital injection will secure Empery Digital a 25% stake in a Midwest industrial facility slated for transformation into an AI-ready data center. The project leverages existing power infrastructure to meet the surging demand for high-performance computing capacity, marking a significant expansion for the firm.
A banking syndicate led by DNB Carnegie and Nordea has extended a $1.41 billion financing commitment to support Diana Shipping’s pursuit of rival drybulk operator Genco Shipping & Trading. This financial backing arrives as the bidder persists with an unsolicited acquisition attempt despite repeated rebuffs from Genco’s leadership.
Persistent export demand and refineries operating near their maximum capacity are expected to drive U.S. crude oil stockpiles lower for the tenth consecutive week. Analysts surveyed by The Wall Street Journal project a commercial draw of 3.1 million barrels for the week ending June 26, tightening domestic supply further.
Facing economic stagnation and volatile global markets, Prime Minister Mark Carney has signaled a decisive shift away from his predecessor’s environmental agenda. The government now seeks to prioritize the development of Canada’s vast oil and gas reserves, framing the move as a necessary step to secure long-term national stability.
The Food and Drug Administration has authorized Philip Morris International to market twenty Zyn nicotine pouch products with the specific claim that they pose lower risks than traditional cigarettes. This regulatory milestone marks the first time such modified risk orders have been extended to the category of nicotine pouches in the U.S.
Surpassing previous projections of a 50-cent-per-share loss, Allegiant Travel now anticipates adjusted earnings of at least $1.25 per share for the second quarter. The upward revision follows a combination of sustained consumer demand and a notable cooling of fuel expenses throughout the month of June.
Auburn Hills-based Phinia is set to acquire Stoba Group, a move designed to bolster its manufacturing footprint and integrate complex systems into its existing portfolio. The transaction, which remains subject to customary closing conditions, is scheduled to finalize during the fourth quarter of this year.
Cosmos Health is betting on its own valuation, authorizing a $5 million stock repurchase program that runs through the end of the year. The move targets roughly half of the healthcare company’s current market capitalization, signaling a sharp disconnect between current trading prices and internal growth projections.
