fadfebrian/iStock via Getty Images Listen below or on the go on Apple Podcasts and Spotify Quantinuum ushers in the commercial quantum era . (0:16) CrowdStrike falls despite raising guidance and stock split . (0:56) Job cuts rise as companies restructure for AI . (1:44) This is an abridged transcript of the podcast: Our top story so far, Quantinuum ( QNT ) debuted on the Nasdaq at $68 a share, up ...
fadfebrian/iStock via Getty Images Listen below or on the go on Apple Podcasts and Spotify Quantinuum ushers in the commercial quantum era . (0:16) CrowdStrike falls despite raising guidance and stock split . (0:56) Job cuts rise as companies restructure for AI . (1:44) This is an abridged transcript of the podcast: Our top story so far, Quantinuum ( QNT ) debuted on the Nasdaq at $68 a share, up 12% from its IPO price. The quantum computing company, which is majority owned by Honeywell ( HON ), sold 28M shares at $60 each. Quantinuum had originally planned to offer 21M shares at $45 to $50 a share, but strong demand led the company to raise both the size and price of the offering. The IPO raised nearly $1.7B and valued the company at more than $15B.J.P. Morgan ( JPM ) and Morgan Stanley ( MS ) served as lead underwriters. An early investor in Quantinuum said the growing number of IPOs, SPACs and funding rounds in the sector signals that quantum computing is moving from the lab toward commercial applications. Among active stocks, CrowdStrike ( CRWD ) is lower post-earnings in another good-but-not-good-enough reaction. Shares had rallied about 60% in the month leading up to results. The company raised its full-year revenue outlook to $5.91B to $5.96B and approved a four-for-one stock split, effective July 2. PVH ( PVH ) is plunging after cutting its revenue outlook , citing the conflict in the Middle East and its impact on the region's economy. The parent company of Calvin Klein and Tommy Hilfiger now expects sales to be flat year over year, versus prior guidance for a slight increase. And Sleep Number ( SNBR ) has lost more than half its value after a report that it is preparing for a potential Chapter 11 filing. The Wall Street Journal reported that the company could use the restructuring process to reorganize operations while keeping the business intact, and may also explore a sale. Looking to the economy, U.S. employers announced 97,006 job cuts in May , up 3% fr...
Elektros Inc. • Publicly Traded • Ticker Symbol: ELEK Industry Perspective "Lithium batteries are the new oil." - Elon Musk, Tesla CEO (publicly reported statement regarding the strategic importance of battery materials). "Lithium, nickel, ...
Elektros Inc. • Publicly Traded • Ticker Symbol: ELEK Industry Perspective "Lithium batteries are the new oil." - Elon Musk, Tesla CEO (publicly reported statement regarding the strategic importance of battery materials). "Lithium, nickel, ...
The cable industry's primary lobby group is seeking a waiver of the Federal Communications Commission ban on foreign routers, warning of potential chaos if cable Internet service providers can't change some of the components in routers they offer to home broadband users. In March, the FCC added all consumer-grade routers made at least partly outside the US to its Covered List, which imposes restri...
The cable industry's primary lobby group is seeking a waiver of the Federal Communications Commission ban on foreign routers, warning of potential chaos if cable Internet service providers can't change some of the components in routers they offer to home broadband users. In March, the FCC added all consumer-grade routers made at least partly outside the US to its Covered List, which imposes restrictions on devices deemed to pose an unacceptable risk to national security. The change affected virtually all consumer routers, preventing new or changed models from being imported into or sold in the US. In a petition filed on Tuesday , NCTA-The Internet & Television Association asked the FCC to grant an expedited waiver allowing its members' suppliers to "substitute substrate materials and memory modules in the previously certified routers that are now on the Covered List" as long as the changes "are otherwise consistent" with FCC regulations. Read full article Comments
JHVEPhoto Alvotech ( ALVO ) shares spiked on Thursday after the company announced the resubmission of U.S. marketing applications for biosimilars AVT05 and AVT06 targeting Johnson & Johnson’s ( JNJ ) Simponi and Regeneron’s ( REGN ) Eylea, respectively. AVT05 is designed as an off-patent version of JNJ's arthritis therapy, developed for both subcutaneous and intravenous administration. AVT06 is an...
JHVEPhoto Alvotech ( ALVO ) shares spiked on Thursday after the company announced the resubmission of U.S. marketing applications for biosimilars AVT05 and AVT06 targeting Johnson & Johnson’s ( JNJ ) Simponi and Regeneron’s ( REGN ) Eylea, respectively. AVT05 is designed as an off-patent version of JNJ's arthritis therapy, developed for both subcutaneous and intravenous administration. AVT06 is an intravitreal injection targeting Eylea (aflibercept) 2 mg, a blockbuster eye therapy developed by Regeneron ( REGN ) and Bayer (BAYRZ). The Biologics License Applications for AVT05 and AVT06 developed by the Iceland-headquartered drugmaker in partnership with Teva Pharmaceutical ( TEVA ) were denied FDA approval late last year due to manufacturing concerns. Alvotech ( ALVO ) has refiled the BLAs, including responses to an FDA’s Post-Application Action Letter and an FDA inspection completed in May 2026 at its Reykjavik manufacturing facility. The resubmitted BLAs are expected to undergo a six-month review at the FDA. More on Alvotech, Johnson & Johnson, etc. Why We Increased The Position In Johnson & Johnson Johnson & Johnson (JNJ) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript Teva's Growth Story Is No Longer Just Generic, It's Getting Branded Regeneron backed Parabilis seeks up to $476M in U.S. IPO CytomX gains as licensing deal with Regeneron expands
People crowd in front of a uSMART Securities branch to open securities accounts near the exit of the Hong Kong West Kowloon high-speed railway station on June 4. Photo: Wang Xiaoqing/Caixin Chinese mainland investors are rushing to Hong Kong to open bank and brokerage accounts in person, seeking ways to keep trading overseas stocks as regulators tighten scrutiny of cross-border investment activity...
People crowd in front of a uSMART Securities branch to open securities accounts near the exit of the Hong Kong West Kowloon high-speed railway station on June 4. Photo: Wang Xiaoqing/Caixin Chinese mainland investors are rushing to Hong Kong to open bank and brokerage accounts in person, seeking ways to keep trading overseas stocks as regulators tighten scrutiny of cross-border investment activity. The wave of offline account openings comes as regulators in the Chinese mainland and Hong Kong move to close loopholes and phase out unauthorized cross-border trading platforms over the next two years. The campaign is squeezing major online brokerages while creating new opportunities for local Hong Kong firms.
Google now lets big creators and publishers in the US claim dedicated profiles in Search to highlight things like videos, articles, and their other profiles online. But this feature won't be available to most people or organizations; Google is limiting it to people with at least 100,000 YouTube subscribers, 100,000 followers on Instagram or X, or 300,000 followers on TikTok. You'll need to meet th...
Google now lets big creators and publishers in the US claim dedicated profiles in Search to highlight things like videos, articles, and their other profiles online. But this feature won't be available to most people or organizations; Google is limiting it to people with at least 100,000 YouTube subscribers, 100,000 followers on Instagram or X, or 300,000 followers on TikTok. You'll need to meet the minimum on one of those platforms and be at least 18 years old to make a Search profile. In demo videos , Google shows how a Search profile can feature links to websites and other platforms, a short summary of the person or brand, pinned media fro … Read the full story at The Verge.
Exclusive: Greater Lincolnshire mayor walks out on cabinet minister after row over social media role in community tensions Andrea Jenkyns walked out of a meeting with a cabinet minister and several other metropolitan mayors on Thursday after a heated discussion about the murder of Henry Nowak and the civil unrest that has followed. The Reform mayor of Greater Lincolnshire walked out of the meeting...
Exclusive: Greater Lincolnshire mayor walks out on cabinet minister after row over social media role in community tensions Andrea Jenkyns walked out of a meeting with a cabinet minister and several other metropolitan mayors on Thursday after a heated discussion about the murder of Henry Nowak and the civil unrest that has followed. The Reform mayor of Greater Lincolnshire walked out of the meeting with the communities secretary, Steve Reed, and other regional leaders after a row over the role social media has played in exacerbating community tensions. Continue reading...
Spaniard replaces Arne Slot and signs two-year deal Iraola worked with Richard Hughes at Bournemouth Andoni Iraola has been appointed the new head coach of Liverpool on a two-year contract. The 43-year-old’s arrival was confirmed just six days after the sacking of Arne Slot. Liverpool moved quickly to replace Slot with the former Bournemouth head coach after identifying him as the ideal candidate ...
Spaniard replaces Arne Slot and signs two-year deal Iraola worked with Richard Hughes at Bournemouth Andoni Iraola has been appointed the new head coach of Liverpool on a two-year contract. The 43-year-old’s arrival was confirmed just six days after the sacking of Arne Slot. Liverpool moved quickly to replace Slot with the former Bournemouth head coach after identifying him as the ideal candidate for their preferred playing style and with Milan, Bayer Leverkusen and Crystal Palace all vying for the Basque’s services. Other coaches were considered, including Stuttgart’s Sebastian Hoeness and Pierre Sage of Lens, but Iraola was always Liverpool’s favoured option and the only one spoken to about the vacancy. Continue reading...
The post This Under-$1 AI Stock is Up 4,000% Already, And It’s Still Open to Retail Investors by Benzinga Contributors appeared first on Benzinga . Visit Benzinga to get more great content like this. By the time most investors hear about a company, it’s already public and priced like it. Immersed is different. It’s a pre-IPO, private company operating at the intersection of AI, Spatial Computing, ...
The post This Under-$1 AI Stock is Up 4,000% Already, And It’s Still Open to Retail Investors by Benzinga Contributors appeared first on Benzinga . Visit Benzinga to get more great content like this. By the time most investors hear about a company, it’s already public and priced like it. Immersed is different. It’s a pre-IPO, private company operating at the intersection of AI, Spatial Computing, and productivity, with more than 1.5M users already working up to 60 hours per week (the equivalent of 2,000 cumulative years) inside its platform. That usage matters because Immersed is not selling an idea. It’s building the full next-gen computing stack that combines software, hardware, and AI, anchored in real user behavior. Major technology partners include Meta, Samsung, and Qualcomm. The company has also reserved a NASDAQ ticker ($IMRS) and is currently allowing new Pre-IPO investors in at $0.72 per share, but that window won’t stay open forever. Early investors include Tim Tebow and executives from Facebook, Reddit, Intel, and SailPoint. Don’t miss the chance to join them before a potential IPO. Investors can earn up to 20% bonus shares, depending on investment size. An investment opportunity you don’t want to miss Immersed changed the game in Spatial Computing (AR/VR), developing the Meta Quest store’s most-used AR/VR productivity app. They develop enterprise-grade software that enables professionals and teams to work full-time in shared virtual environments using AR/VR, supporting multiple virtual displays, real-time collaboration, and seamless integration across macOS, Windows, and Linux. But that’s not all. Immersed’s soon-to-be-released XR headset, Visor in partnership with Qualcomm, has 2M more pixels than Apple’s Vision Pro for 70% less cost and 70% less weight. No wonder they’ve raised $28M+ to-date, and are projecting $71M in first-year sales. Here’s how they’re redefining the $250B+ future of work: Breakthrough Platform: Immersed built the first full-stack ...
Hatch Baby Inc., known for devices that help babies sleep, is getting into sleep-tracking for adults with a new bedside tracker called the Hatch Sleep Clock. The screen-free, $250 device sits on a nightstand and wirelessly monitors a person’s breathing, heart rate and movement while in bed using what it calls a low-power signal, rather than a camera sensor or microphones. Using that data, the devi...
Hatch Baby Inc., known for devices that help babies sleep, is getting into sleep-tracking for adults with a new bedside tracker called the Hatch Sleep Clock. The screen-free, $250 device sits on a nightstand and wirelessly monitors a person’s breathing, heart rate and movement while in bed using what it calls a low-power signal, rather than a camera sensor or microphones. Using that data, the device presents feedback on how a user slept — including time and quality — via its app. Unlike many other sleep trackers and wearable devices, the Sleep Clock lacks a sleep score. “People are struggling to sleep because we are overwhelmed. We have entertainment at the tip of our fingers, work is at our fingers. We are getting notified left and right about everything. And it’s really hard to turn off our brains at night,” co-founder and Chief Executive Officer Ann Crady Weiss in an interview. The new product is “about taking care of yourself as a human, getting to bed and developing a ritual and habit that you love and falling asleep,” she said. The company introduced the device at the Bloomberg Tech Conference in San Francisco on Thursday. It goes on sale later this summer. In addition to tracking sleep, the clock can detect a partner’s snoring and automatically activate audio to mask it. Customers can also add on the company’s existing $4.99 monthly subscription plan, which offers access to more than 2,500 meditation tracks, audiobooks and sleep stories. Hatch, which made its name selling white noise machines with lights and sounds for babies, said it has sold over 7 million devices to date that it has 2.2 million nightly users of its products. It says sales are split roughly in half across baby and adult users. The company says it is profitable and generated $200 million last year. Privately held, it has raised $37 million since its 2014 founding, including from Amazon.com Inc. ’s Alexa Fund. Various consumer technology companies have been experimenting with offering sleep t...
Jane Street Group plans to build and finance its own data center as the trading giant scales its operations to keep up with the demand for computing power. The market-making firm has been talking to firms in the technology, crypto and finance industries about the prospect of building a new facility on top of its other investments in AI power, according to people with knowledge of the matter who as...
Jane Street Group plans to build and finance its own data center as the trading giant scales its operations to keep up with the demand for computing power. The market-making firm has been talking to firms in the technology, crypto and finance industries about the prospect of building a new facility on top of its other investments in AI power, according to people with knowledge of the matter who asked not to be identified discussing private information. Talks are in early stages, and the exact capacity and location of the center have yet to be determined, the people said. Jane Street already gets some of its computing power from a data center in Dallas, as well as partnerships with cloud service providers like CoreWeave Inc. A Jane Street spokesperson declined to comment. The explosion of demand for AI data center capacity has broadened a cloud computing market that was once dominated by a few tech giants to a number of smaller players, some of them former crypto miners, with AI chips available to rent to buyers jockeying for capacity. Jane Street’s pursuit is less aligned with private equity’s style of investing in the AI data center market, and more about building one for its own use. The firm could use the facility to train internal AI models for functions like predicting the future price of assets, two of the people said. “There’s lots of innovation and experimentation and new ideas that people have that is bounded by the amount of compute that we have,” Ron Minsky, Jane Street’s co-head of technology said in a YouTube video last month. Jane Street, which handles investors’ trades and also makes wagers with its own money, started in 2000. It has since built out operations for handling thousands of trades within seconds like other high-frequency shops, while also profiting from holding some positions for hours, days and even weeks. Now, the firm is looking for additional capacity to run its trading operations for even longer periods of risk taking. Other quantitat...
You claim Social Security at 62 because you want the most checks possible. It might be the last piece of the financial puzzle that enables you to retire. Or it could supplement your salary so you can raise your standard of living -- at least, that's how it's supposed to work in theory. In practice, claiming Social Security at 62 can backfire on some beneficiaries in ways they hadn't expected. Here...
You claim Social Security at 62 because you want the most checks possible. It might be the last piece of the financial puzzle that enables you to retire. Or it could supplement your salary so you can raise your standard of living -- at least, that's how it's supposed to work in theory. In practice, claiming Social Security at 62 can backfire on some beneficiaries in ways they hadn't expected. Here's how it could actually short-change you and what you can do to hold onto more of your benefits. Image source: Getty Images. Continue reading