Joaquin Corbalan/iStock via Getty Images MP Materials ( MP ) has filed a lawsuit alleging USA Rare Earth ( USAR ) stole proprietary technology for its permanent magnets, the Financial Times reported Wednesday, setting up a battle between two companies at the forefront of the Trump administration's efforts to develop a domestic supply chain for the mining and production of rare earth elements. "USA...
Joaquin Corbalan/iStock via Getty Images MP Materials ( MP ) has filed a lawsuit alleging USA Rare Earth ( USAR ) stole proprietary technology for its permanent magnets, the Financial Times reported Wednesday, setting up a battle between two companies at the forefront of the Trump administration's efforts to develop a domestic supply chain for the mining and production of rare earth elements. "USA Rare Earth has repeatedly failed to meet its commercial and performance targets and is now resorting to stealing technology to dig itself out," MP Materials ( MP ) said in its complaint, which was filed last week in Texas. "MP Materials' complaint has misrepresented our company, our culture, and our people, and we will defend ourselves vigorously," USA Rare Earth ( USAR ) said in response. MP ( MP ) uses a proprietary technology to improve its magnets' "coercivity," or resistance todemagnetization, which was the product of years of work and millions of dollars of investment, the company said in the complaint. A former MP ( MP ) employee who joined USA Rare Earth ( USAR ) last year allegedly "disclosed the grain boundary diffusion formula" to his new employer, which the company said is part of "a pattern of recruiting employees from other companies and then using those employees to misappropriate trade secrets." More on MP Materials and USA Rare Earth MP Materials: The Market Is Missing This Rare Earth Opportunity MP Materials: Some Reasons For Optimism Ahead OF Earnings (Upgrade) USA Rare Earth: Strategic Importance Does Not Guarantee Attractive Equity Returns
Salesforce CEO Marc Benioff laid out his strategy for navigating a period of sharp stock underperformance: focus on delivering a strong product for customers and keep buying back shares . "We're going to keep focusing on our customer success," Benioff said on " Mad Money " on Wednesday. "We're going to continue to drive our revenue, we're going to continue to deliver tremendous cash flow." Shares ...
Salesforce CEO Marc Benioff laid out his strategy for navigating a period of sharp stock underperformance: focus on delivering a strong product for customers and keep buying back shares . "We're going to keep focusing on our customer success," Benioff said on " Mad Money " on Wednesday. "We're going to continue to drive our revenue, we're going to continue to deliver tremendous cash flow." Shares of Salesforce have struggled this year amid growing concerns that generative AI platforms from companies like Anthropic and OpenAI could disrupt traditional software providers. The stock slipped another 1.5% in extended trading Wednesday despite better-than-expected earnings , as investors focused on softer-than-expected guidance. Benioff dismissed concerns that Salesforce is falling behind in what he jokingly called the "Saaspocalypse," pointing to better-than-expected revenue and profits. "You can see we just had a record quarter," he said. "We've never seen this many large transactions happen." Rather than retreat during the sell-off, Benioff said Salesforce has accelerated share repurchases. The company has now repurchased $27.1 billion worth of stock. On the earnings call, CFO Robin Washington said buybacks reduced Salesforce's diluted share count by 10% year over year in the quarter and boosted first-quarter adjusted earnings per share by 23 cents. "We can look around for great opportunities in the market, but Salesforce is probably the greatest," he said. "We are very happy to buy back our stock." Benioff also argued AI will strengthen Salesforce rather than disrupt it, pointing to Slack's integration with Anthropic-powered tools. "That Slack bot is driven by Anthropic," he said. "By building Anthropic now into Slack, we're able to take an incredibly successful product…and give tremendous advice." Jim Cramer's Guide to Investing Click here to read Jim Cramer's Guide to Investing at no cost to help you build long-term wealth and invest smarter Sign up now for the CNBC...
is a news writer who covers the streaming wars, consumer tech, crypto, social media, and much more. Previously, she was a writer and editor at MUO. Posts from this author will be added to your daily email digest and your homepage feed. Federal prosecutors charged a Google employee with fraud after he allegedly made $1.2 million on Polymarket bets related to Search-related trends in 2025, as report...
is a news writer who covers the streaming wars, consumer tech, crypto, social media, and much more. Previously, she was a writer and editor at MUO. Posts from this author will be added to your daily email digest and your homepage feed. Federal prosecutors charged a Google employee with fraud after he allegedly made $1.2 million on Polymarket bets related to Search-related trends in 2025, as reported earlier by ABC News. In their now-unsealed complaint, prosecutors allege that Michele Spagnuolo “knew the outcome of these wagers before the trading public did because he had accessed Google’s confidential, commercially valuable internal data.” Spagnuolo was arrested in New York on Wednesday but released on a $2.25 million bond, ABC News reports. He is charged with commodities fraud, wire fraud, and money laundering. Spagnuolo made bets on Polymarket under the username AlphaRacoon, with his successful search-related wagers catching the attention of outlets like Forbes and users on social media last December. In one instance, Spagnuolo correctly guessed that a singer named D4vd would “be the #1 searched person on Google” in 2025, despite the “near-zero probability” assigned by Polymarket, according to the complaint. At the same time, Spagnuolo allegedly bet that Pope Leo XIV and Kendrick Lamar would not appear on Google’s “Year in Search 2025” lists, which are difficult to predict because of how they’re calculated. Google says it ranked last year’s terms based on which ones saw the “highest increase in traffic” — not the highest number of searches — between January 1st, 2025 and November 25th, 2025. “By measuring the spike in interest rather than the total number of searches, we can identify the trends that were unique to 2025.” “Once he won, Spagnuolo then took deliberate steps to conceal his unlawful use of nonpublic information by attempting to obscure the source and ownership of his unlawful proceeds,” the complaint says. Last month, federal prosecutors charged US Arm...