Ideal Power (IPWR) has announced a significant milestone in its commercialization journey with a multi-unit order for its SymCool IQ intelligent power module. The order comes from a customer specializing in circuit protection and power conversion solutions, marking a promising expansion of Ideal Power’s market reach. The customer, already familiar with Ideal Power’s SymCool power […]
Super Micro Computer (SMCI) has initiated the search for a new Chief Financial Officer (CFO) following recommendations from a special committee formed to review the company’s accounting practices. The announcement, made on Monday, comes as the AI server maker moves to bolster investor confidence and strengthen its financial oversight. The committee’s investigation, which spanned more […]
Nebius Group (NBIS), a fast-growing AI infrastructure firm, announced on Monday that it had raised $700 million in a private placement from investors, including Nvidia (NVDA), Accel, and Orbis Investments. The funding positions Nebius as a significant player in the race to build the technological backbone for artificial intelligence applications. The announcement comes as Nebius […]
Proposed Tariffs May Add $2,100 to U.S.-Made Cars and Cut Billions from Detroit’s Big Three Former President Donald Trump’s proposed tariffs on imported auto parts could significantly impact U.S. automakers, raising car prices for consumers and reducing profits for industry giants like Ford (F), Stellantis (STLA), and General Motors (GM). Analysts project that these tariffs, […]
Shares of Unusual Machines (AMEX: UMAC) and VCI Global Limited (NASDAQ: VCIG) are climbing in Tuesday’s trading session, spurred by developments that signal significant strategic momentum for both companies. Unusual Machines benefited from the addition of a prominent advisor to its team, while VCI Global rallied on news of a high-value project award in Malaysia. […]
In a strategic acquisition set to advance its cell therapy capabilities, Roche Holdings, Inc. announced its acquisition of Poseida Therapeutics (PSTX) for up to $13 per share, amounting to an equity value of approximately $1.5 billion. The transaction includes $9.00 per share in cash at closing, alongside a contingent value right (CVR) of up to […]
Rivian Automotive (RIVN) announced a significant boost to its expansion efforts with a “conditional commitment” for a $6.6 billion loan from the U.S. Department of Energy (DOE). This loan, part of the DOE’s Advanced Technology Vehicle Manufacturing (ATVM) program, is intended to support Rivian’s stalled plans for a large-scale electric vehicle (EV) assembly plant near […]
Ideal Power Inc. (Nasdaq: IPWR), an innovator in semiconductor power switch technology, has announced a strategic agreement with RYOSHO U.S.A., Inc., a subsidiary of RYODEN CORPORATION, for the global distribution of its B-TRAN technology. RYOSHO has placed initial orders from a large global customer interested in utilizing Ideal Power’s products for solid-state circuit protection applications. […]
BioAtla (NASDAQ: BCAB) shares are trading higher after the company announced it was granted Fast Track Designation from the FDA to ozuriftamab vedotin. Ozuriftamab vedotin is the company’s conditionally and reversibly active ROR2 antibody drug conjugate directed for the treatment of patients with recurrent or metastatic SCCHN with disease progression on or after platinum-based chemotherapy […]
CrowdStrike (NASDAQ:CRWD) stock traded lower after the company suffered a major outage which has impacted many companies globally. The outage has had a wide range of implications ranging from disrupting doctors’ offices to grounding flights hundreds of flights from multiple airlines. CrowdStrike CEO gave an update on the outage on X, noting that the outage […]
