Mega-cap tech stocks were sliding on Tuesday after Google owner Alphabet outlined a plan to issue $80 billion in stock to fund its AI spending spree. The Roundhill Magnificent Seven exchange-traded fund slid 0.
Mega-cap tech stocks were sliding on Tuesday after Google owner Alphabet outlined a plan to issue $80 billion in stock to fund its AI spending spree. The Roundhill Magnificent Seven exchange-traded fund slid 0.
Branding at the entrance to Anthropic PBC's Code with Claude developer conference in London, UK, on Tuesday, May 19, 2026. Anthropic is in early talks with investors to raise at least $30 billion in fresh financing, according to people familiar with the matter, setting the stage for what could be its largest funding round yet. Photographer: Chris Ratcliffe/Bloomberg
Branding at the entrance to Anthropic PBC's Code with Claude developer conference in London, UK, on Tuesday, May 19, 2026. Anthropic is in early talks with investors to raise at least $30 billion in fresh financing, according to people familiar with the matter, setting the stage for what could be its largest funding round yet. Photographer: Chris Ratcliffe/Bloomberg
Two stories were moving markets on Tuesday—Google parent Alphabet unveiled a plan to issue $80 billion of equity, and Nvidia CEO Jensen Huang said Marvell Technology could top a $1 trillion valuation. Both events were giving Broadcom stock a boost. Alphabet’s plan to raise tens of billions of dollars to help pay for its AI infrastructure drew a mixed response from the market, but bodes well for Br...
Two stories were moving markets on Tuesday—Google parent Alphabet unveiled a plan to issue $80 billion of equity, and Nvidia CEO Jensen Huang said Marvell Technology could top a $1 trillion valuation. Both events were giving Broadcom stock a boost. Alphabet’s plan to raise tens of billions of dollars to help pay for its AI infrastructure drew a mixed response from the market, but bodes well for Broadcom.
A Kenyan court blocked on Tuesday for another three weeks a proposed US Ebola quarantine facility that has triggered protests killing two people and ordered the government to disclose its agreement with Washington. The proposed 50-bed unit on an air force base in central Kenya for Americans exposed to the virus in Democratic Republic of Congo or Uganda has angered many Kenyans. They accuse the US...
A Kenyan court blocked on Tuesday for another three weeks a proposed US Ebola quarantine facility that has triggered protests killing two people and ordered the government to disclose its agreement with Washington. The proposed 50-bed unit on an air force base in central Kenya for Americans exposed to the virus in Democratic Republic of Congo or Uganda has angered many Kenyans. They accuse the US of offloading the health risk of caring for patients. A Kenyan court last week temporarily...
wildpixel Hims & Hers Health ( HIMS ) has completed its acquisition of Eucalyptus, providing the telehealth company with access to markets in Australia, Canada, and Japan. Eucalyptus is the parent company of Juniper, Pilot, Kin, and Software. With the closing, the deal calls for Hims & Hers to pay ~$240M in cash. More on Hims & Hers Health Hims & Hers: Wegovy Deal Fuels Growth Hims & Hers Health: ...
wildpixel Hims & Hers Health ( HIMS ) has completed its acquisition of Eucalyptus, providing the telehealth company with access to markets in Australia, Canada, and Japan. Eucalyptus is the parent company of Juniper, Pilot, Kin, and Software. With the closing, the deal calls for Hims & Hers to pay ~$240M in cash. More on Hims & Hers Health Hims & Hers: Wegovy Deal Fuels Growth Hims & Hers Health: GLP-1 Drama Ending Signals Return To Growth Hims & Hers Health: The Stock Is On Sale, Buy It Hims & Hers rises after over $1M insider buy Hims & Hers launches generics for Novo’s semaglutide in Canada
Didi Global Inc. reported its second straight quarterly loss, after ratcheting up investment to expand globally and defend its turf in markets like Brazil from new entrant Meituan . The company recorded a net loss of 1.2 billion yuan ($177 million) for the three months ended March, several times larger than in the December quarter.Revenue grew 10% to 58.7 billion yuan, while transactions within th...
Didi Global Inc. reported its second straight quarterly loss, after ratcheting up investment to expand globally and defend its turf in markets like Brazil from new entrant Meituan . The company recorded a net loss of 1.2 billion yuan ($177 million) for the three months ended March, several times larger than in the December quarter.Revenue grew 10% to 58.7 billion yuan, while transactions within the China mobility business grew 10% to a record high. Didi, known as China’s answer to Uber Technologies Inc. , is expanding into regions such as Latin America and Hong Kong in search of growth. Its subsidiary 99 is Brazil’s leading ride-sharing platform, but Meituan’s entry into Brazil last year spurred a fight between the two Chinese internet firms far away from home. Didi now operates in at least 13 nations or regions, and is already a major player in Mexico and Brazil, where the Chinese company provides ride-sharing as well as food delivery and digital wallet services. Didi is also advancing its robotaxi business with self-driving vehicles deployed in some Chinese cities. CEO Cheng Wei pledged to hike investments in autonomous driving globally in Tuesday’s statement. Read More: Meituan’s Losses Narrow After Chinese Food Fight Cools What Bloomberg Intelligence Says Group profit will likely remain under sustained pressure this year due to heightened competition in the Brazilian food delivery market, following the disruptive market entry of Meituan in October 2025. Didi’s group Ebita can still double between 2025-27, assuming the firm avoids a prolonged food delivery price war, underpinned by a stable regulatory outlook and continued gains from portfolio rationalization. - Robert Lea and Jasmine Lyu , analysts Click here for the research Didi grew to be China’s largest ride-hailing platform after pushing out its American peer a decade ago. The company debuted on the New York Stock Exchange in 2021 but soon drew regulatory scrutiny from China’s Cyberspace Administration, whi...