Meta accused Australia of violating a free trade agreement with the U.S. by proposing a new tax on certain tech giants which do not strike licensing deals with local media, escalating a dispute which has simmered for half a decade. The $1.6 trillion Facebook and Instagram owner said a proposal to tax platforms 2.25% of all Australian revenue - including revenue unrelated to social media - was "...
Meta accused Australia of violating a free trade agreement with the U.S. by proposing a new tax on certain tech giants which do not strike licensing deals with local media, escalating a dispute which has simmered for half a decade. The $1.6 trillion Facebook and Instagram owner said a proposal to tax platforms 2.25% of all Australian revenue - including revenue unrelated to social media - was "indefensible" and went further than actions which had prompted a response by the U.S. government. Meta has previously said it opposed the so-called news bargaining incentive, for which Australia's centre-left government has published draft legislation.
(RTTNews) - Autodesk, Inc. (ADSK) announced a new strategic collaboration agreement with Amazon Web Services, Inc. or AWS. This partnership is designed to advance cloud-based solutions that empower customers to design, build, and operate more efficiently at scale.
(RTTNews) - Autodesk, Inc. (ADSK) announced a new strategic collaboration agreement with Amazon Web Services, Inc. or AWS. This partnership is designed to advance cloud-based solutions that empower customers to design, build, and operate more efficiently at scale.
Quantinuum raised $1.68 billion in its upsized initial public offering late Wednesday, setting the stage for one of the most anticipated tech listings of the year. The quantum computing company priced its upsized IPO of 28 million shares at $60 apiece. Underwriters have been granted a 30-day option to sell an additional 4.2 million shares if demand is higher than expected, Quantinuum said.
Quantinuum raised $1.68 billion in its upsized initial public offering late Wednesday, setting the stage for one of the most anticipated tech listings of the year. The quantum computing company priced its upsized IPO of 28 million shares at $60 apiece. Underwriters have been granted a 30-day option to sell an additional 4.2 million shares if demand is higher than expected, Quantinuum said.
SpaceX plans to raise up to $75bn (£56bn) when it goes public this month – putting Elon Musk on course to become the world's first trillionaire. The space company is gearing up for what is expected to be the largest-ever stock market debut. It says it will sell 555.6 million shares at $135 (£100) a piece in its initial public offering (IPO).
SpaceX plans to raise up to $75bn (£56bn) when it goes public this month – putting Elon Musk on course to become the world's first trillionaire. The space company is gearing up for what is expected to be the largest-ever stock market debut. It says it will sell 555.6 million shares at $135 (£100) a piece in its initial public offering (IPO).
Earnings Call Insights: Petco Health and Wellness Company, Inc. (WOOF) Q1 2026 Management View “Our strong Q1 results provide an encouraging early validation of our Phase III Reach for the Sky strategy.” (CEO & Director Joel Anderson) “We returned the business to a positive comp for the quarter while expanding our profitability, performing better than our quarterly outlook for both top line and ad...
Earnings Call Insights: Petco Health and Wellness Company, Inc. (WOOF) Q1 2026 Management View “Our strong Q1 results provide an encouraging early validation of our Phase III Reach for the Sky strategy.” (CEO & Director Joel Anderson) “We returned the business to a positive comp for the quarter while expanding our profitability, performing better than our quarterly outlook for both top line and adjusted EBITDA.” (CEO & Director Anderson) “We were particularly pleased to see the improvement in our consumables business, while our differentiated services business once again delivered strong results and continues to be a growth engine for us.” (CEO & Director Anderson) “Net sales were up 0.2% to $1.5 billion.” (Chief Financial Officer Sabrina Simmons) “Importantly, the first quarter marked a return to positive comp sales with a 0.7% comp providing evidence that our initiatives across our 4 growth pillars are beginning to take hold.” (CFO Simmons) “Adjusted EBITDA increased $7.9 million or 8.8% year-over-year to $97.3 million.” (CFO Simmons) Outlook “We are pleased to reaffirm our full year outlook and remain confident in our ability to drive consistent top line results.” (CEO & Director Joel Anderson) “We are reaffirming our full year sales and adjusted EBITDA outlook.” (Chief Financial Officer Sabrina Simmons) “We continue to expect net sales of flat to up 1.5% compared to last year.” (CFO Simmons) “We continue to expect adjusted EBITDA to be between $415 million and $430 million.” (CFO Simmons) “We are comfortable with current consensus estimates for net sales implying growth of about 0.3% versus the prior year.” (CFO Simmons) “We expect adjusted EBITDA to be between $110 million and $112 million.” (CFO Simmons) “Our outlook includes the benefit of a tariff refund received in May.” (CFO Simmons) “Our full year guidance assumes no additional tariff refunds beyond what we've received to date.” (CFO Simmons) “Further, our outlook also assumes that the current tariff poli...
A deadly cattle parasite was confirmed in the US for the first time in nearly a decade, posing the latest threat to a US herd already at its lowest level in 75 years. The US Department of Agriculture said a suspected case from South Texas, which was reported Wednesday, tested positive for the new world screwworm. The affected animal in Zavala County is a three-week-old calf, and the larvae was det...
A deadly cattle parasite was confirmed in the US for the first time in nearly a decade, posing the latest threat to a US herd already at its lowest level in 75 years. The US Department of Agriculture said a suspected case from South Texas, which was reported Wednesday, tested positive for the new world screwworm. The affected animal in Zavala County is a three-week-old calf, and the larvae was detected in its umbilical area. Agriculture Secretary Brooke Rollins said on a late Wednesday call with reporters that this is the only case that the agency is tracking right now, and that there is “no reason to believe” that this will result in an establishment of the pest in the US. The agency is implementing quarantines, movement controls and surveillance in a 20-kilometer (12-mile) zone around the detection, and has also expedited the release of sterile flies to prevent the pest’s spread. The confirmed case “should not be cause for panic, but rather time for the full deployment of the next phase of the whole-of-government response USDA has been planning for months,” Senate and House Agriculture Committee Chairmen John Boozman and GT Thompson said in a statement. The detection of the parasite, which is deadly to cattle, comes at a dire time for the US beef and cattle industry, with a smaller herd having already sent consumer prices to record highs. The market earlier Wednesday reacted to reports on the case, which was at the time unconfirmed. Tyson Foods Inc. dropped 4.2%, settling at a five-month low, while JBS NV closed at the lowest price since US trading began about a year ago. Read More: Texas Declares Disaster as Flesh-Eating Cattle Pest Nears Border The US has been trying to contain the spread of the pest, which can kill an animal within days, as cases across the Mexican border posed a threat. The USDA paused imports of live Mexican cattle and built new facilities to disperse sterile flies. Still, the number of cases has recently accelerated in Mexico, with the close...