Wall Street’s major indexes ended lower on Friday as investors digested a fresh batch of economic data, highlighted by the latest PCE inflation and GDP reports. The benchmark S&P 500 ended -0.6%, the blue-chip Dow closed -0.2%, and the tech-focused Nasdaq Composite finished -0.9%. The S&P 500 Health Care Index Sector ( XLV ) also slipped about 2.66% during the week. The top S&P 500 healthcare gain...
Wall Street’s major indexes ended lower on Friday as investors digested a fresh batch of economic data, highlighted by the latest PCE inflation and GDP reports. The benchmark S&P 500 ended -0.6%, the blue-chip Dow closed -0.2%, and the tech-focused Nasdaq Composite finished -0.9%. The S&P 500 Health Care Index Sector ( XLV ) also slipped about 2.66% during the week. The top S&P 500 healthcare gainers and losers for the last week are as follows: Top Gainers: Molina Healthcare ( MOH ) +3.23% Vertex Pharmaceuticals ( VRTX ) +2.91% McKesson ( MCK ) +2.46% Gilead Sciences ( GILD ) +0.72% Johnson & Johnson ( JNJ ) +0.63% Top Losers: Centene ( CNC ) -21.08% Charles River Laboratories International ( CRL ) -10.89% ResMed ( RMD ) -8.71% The Cooper Companies ( COO ) -8.65% Humana ( HUM ) -7.66% Here are some of the important healthcare stories from this week: Lilly eyes $3B investment in China as it seeks approval for weight loss pill Announcing the submission of a marketing application for its experimental weight loss drug, orforglipron, in China, Eli Lilly ( LLY ) said on Wednesday that it plans to invest $3B in the country over the next decade to expand its supply chain capacity there. In a statement on the Chinese social media site WeChat, the Indiana-based drugmaker said that a major component of the investment is building the local production capacity for its pipeline, including orforglipron. The company added that it filed a marketing application for the once-daily GLP-1 drug with the National Medical Products Administration late last year. Concurrently, Lilly ( LLY ) announced a collaboration with Beijing-based contract research and manufacturing firm Pharmaron to invest $200M to enhance its technological capabilities. Novo Nordisk warned by FDA over adverse event drug data reporting The US FDA issued Novo Nordisk ( NVO ) a warning letter accusing the company of not complying with reporting requirements for postmarketing adverse event drug reports. The agency conducte...
Warren Buffett has shown that owning great businesses and holding them for the long term can help investors build wealth. Through Berkshire Hathaway, the legendary investor had consistently favored companies with durable competitive advantages, strong cash flows, and leadership that thinks long term. Following Buffett's investment philosophy can often shine a light on companies with robust fundame...
Warren Buffett has shown that owning great businesses and holding them for the long term can help investors build wealth. Through Berkshire Hathaway, the legendary investor had consistently favored companies with durable competitive advantages, strong cash flows, and leadership that thinks long term. Following Buffett's investment philosophy can often shine a light on companies with robust fundamentals. The now-retired investor amassed his wealth by focusing on value and not chasing speculative trends. That framework has guided him to many long-term picks, including these three stocks in the Berkshire portfolio that should continue to gain market share for many years. Amazon's margins continue to improve Some of the best companies to invest in are household names, including Amazon (AMZN 0.87%). The tech stock started as an online bookstore and has expanded to sell almost every item under the sun, but its online marketplace is far from its only growth engine. The company has multiple business segments in high-margin industries. Amazon Web Services is the company's cloud computing unit, and its growth has reaccelerated in recent quarters due to the artificial intelligence (AI) boom. Amazon's online ads have also achieved a double-digit growth rate for several years. Online ads have high margins, and they are showing up in Amazon's business. The company's gross margin has been steadily climbing for several years, recently exceeding 50%. Amazon has several established business models that drive profits while boasting billions of dollars in quarterly sales. However, it also has new segments like its Trainium AI chips, which have already become a multibillion-dollar component of Amazon's corporate umbrella. Expand NASDAQ : AMZN Amazon Today's Change ( -0.87 %) $ -1.83 Current Price $ 207.70 Key Data Points Market Cap $2.2T Day's Range $ 206.23 - $ 210.56 52wk Range $ 161.38 - $ 258.60 Volume 1.6M Avg Vol 49M Gross Margin 50.29 % Amazon's AI chips can become significant pr...
Warren Buffett, often referred to as the "Oracle of Omaha," has been one of the world's most renowned stock-pickers for decades. As the chairman and CEO of Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B), he's consistently demonstrated an uncanny ability to identify long-term winners in the stock market. So, when Buffett buys a stock -- or chooses to hold on to a stock that others are selling -- in...
Warren Buffett, often referred to as the "Oracle of Omaha," has been one of the world's most renowned stock-pickers for decades. As the chairman and CEO of Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B), he's consistently demonstrated an uncanny ability to identify long-term winners in the stock market. So, when Buffett buys a stock -- or chooses to hold on to a stock that others are selling -- investors should pay attention. Long-term buying and holding have always been the core of Buffett's investing philosophy. Berkshire's latest Securities and Exchange Commission (SEC) filings show that despite his recent habit of selling more than he's buying, Buffett still thinks some stocks are worth buying and holding. Here are three top Buffett stocks to buy and hold for the long term. 1. Heico: A long-term outperformer Buffett recently bought an additional 5,445 shares of Heico (NYSE: HEI). This discount aircraft parts supplier has consistently outperformed the market for more than a decade. Just like any type of replacement parts (for instance, components for a car engine or charging cables for a smartphone), those from the original equipment manufacturer (OEM) are usually much more expensive than identical non-OEM or "off-brand" manufacturers. As the world's largest supplier of non-OEM aircraft parts, Heico manufactures some parts itself and sources others from third-party suppliers. Given the limited number of aircraft manufacturers in the world -- and recent delivery slowdowns at two of the world's largest, Boeing and Airbus -- wait times for new aircraft seem only to be getting longer, resulting in higher demand for the parts needed to keep existing fleets in service. Heico's stellar reputation for providing quality parts at affordable prices gives it a built-in competitive moat against any potential newcomer to the industry. After all, would you buy cut-rate parts from a provider you knew nothing about for an airplane, of all things? Buffett clearly expects the compa...
FXQuadro/iStock via Getty Images U.S. oil companies could collect more than $60 billion in additional revenue this year if crude prices remain near the levels reached since the war involving Iran began, the Financial Times reported Sunday. Analysts say the surge in prices is already boosting cash flow for American producers, particularly shale companies with limited exposure to the Middle East. Mo...
FXQuadro/iStock via Getty Images U.S. oil companies could collect more than $60 billion in additional revenue this year if crude prices remain near the levels reached since the war involving Iran began, the Financial Times reported Sunday. Analysts say the surge in prices is already boosting cash flow for American producers, particularly shale companies with limited exposure to the Middle East. Modeling by Jefferies estimates the sector could generate roughly $5 billion in extra cash flow this month alone after oil prices jumped about 47% since late February. Research firm Rystad Energy estimates that if U.S. crude averages $100 per barrel this year, domestic producers could receive about $63 billion in additional income from oil output. President Donald Trump highlighted the upside for American producers in a social media post, noting that the United States is the world’s largest oil producer and suggesting that rising crude prices can translate into significant revenue gains for the country. Benchmark U.S. crude, West Texas Intermediate ( CL1:COM ), settled near $99 a barrel on Friday, while Brent crude ( CO1:COM ) briefly climbed above $100 during the week. The benefits are uneven across the industry. U.S. shale companies are largely insulated from Middle Eastern disruptions, but global oil majors with significant assets in the region face operational risks as the conflict disrupts supply routes. Companies including ExxonMobil ( XOM ), Chevron ( CVX ), BP ( BP ), Shell ( SHEL ) and TotalEnergies ( TTE ) ( TTEF ) ( TTE:CA ) have investments across the Gulf and are affected by the closure of the Strait of Hormuz, a critical corridor for global oil and gas shipments. The disruption has already halted some production facilities and interrupted liquefied natural gas shipments from Qatar, forcing Shell ( SHEL ) to suspend certain cargo deliveries from the Ras Laffan complex operated by QatarEnergy. Industry executives say the situation highlights the risks of operating...
With stumpy, speedy legs, questing snouts and a fierce quiver of needles, hedgehogs are enchantingly strange, like fantasy creatures from a medieval bestiary. “It’s the nation’s favourite wild animal – every time there’s a vote or a poll, the hedgehog wins,” says ecologist Hugh Warwick, AKA “Hedgehog Hugh”, author of the Cull of the Wild and hedgehog champion. Why do they need to be saved? Hedgeho...
With stumpy, speedy legs, questing snouts and a fierce quiver of needles, hedgehogs are enchantingly strange, like fantasy creatures from a medieval bestiary. “It’s the nation’s favourite wild animal – every time there’s a vote or a poll, the hedgehog wins,” says ecologist Hugh Warwick, AKA “Hedgehog Hugh”, author of the Cull of the Wild and hedgehog champion. Why do they need to be saved? Hedgehogs are in trouble. Since 2000, the UK has lost between 30% and 75% of its rural hedgehogs. Intensive agriculture practices mean habitat has been lost, while the use of agrochemicals – such as pesticides – has affected populations of insects that hedgehogs eat. They’re vulnerable to cars (which kill an estimated 167,000-335,000 annually), strimmers and climate change. “We think long, warm, wet winters may pull hedgehogs out of hibernation more frequently, which might impact their ability to thrive,” says Warwick. It’s not all bad news: “We’ve seen stabilising and early signs of recovery in urban and suburban areas,” says Grace Johnson, hedgehog officer for the People’s Trust for Endangered Species, but they still need our help. View image in fullscreen Photograph: Anne Coastey/Alamy How can you help? Do citizen science “There’s really good conservation work you can do from your sofa,” says Warwick. The National Hedgehog Monitoring Programme uses camera footage to collect data on hedgehog numbers, and it needs volunteers to help identify hedgehogs (and other animals) on clips. You just need to register for a MammalWeb account, then select the NHMP to start spotting – there’s guidance on MammalWeb to help work out what you’re seeing. Forge hedgehog highways “The ideal habitat for hedgehogs is a mosaic landscape,” says Warwick. A 13x13cm gap in or under your fence or wall will ensure hedgehogs can get in and out, and a network of these holes becomes a hedgehog highway. “You may have a log pile, your neighbour may have a wildlife-friendly pond, their neighbour may have a compost...
No species is a ‘villain’ – and even humans’ least favourite creatures are part of a web that makes all life possible A wasp has just flown into your kitchen. Do you: a) scream and run away; b) roll up a magazine and try to bash it; or c) open a window and usher it outside? Now imagine it’s a bee – do you respond in the same way? Our emotional responses towards the other animals on this planet are...
No species is a ‘villain’ – and even humans’ least favourite creatures are part of a web that makes all life possible A wasp has just flown into your kitchen. Do you: a) scream and run away; b) roll up a magazine and try to bash it; or c) open a window and usher it outside? Now imagine it’s a bee – do you respond in the same way? Our emotional responses towards the other animals on this planet are diverse, complicated and often irrational, and our contrasting perceptions of wasps and bees is a fantastic example. Bees are positively associated with honey, flowers and pollination, while wasps are negatively associated with stings, pain and annoyance – all this despite the fact that bees obviously can sting, while wasps are important pollinators, too. It’s the same for other animal pairs: sharks are mindless killers, while dolphins are paragons of benevolence; vultures are ugly and sinister, while eagles are majestic. I’m here to say that we’ve got them all wrong. Jo Wimpenny is the author of Beauty of the Beasts: Rethinking Nature’s Least Loved Animals Continue reading...
This time last year, there was talk that Chelsea had ticked off the first trophy of a possible quadruple after they beat Manchester City in the Women’s League Cup final in Derby. Today, in Bristol, the feeling is quite different for the team that went on to win a domestic treble – not too shabby. Chelsea’s defence of their WSL title is in tatters with Manchester City nine points clear of them – to...
This time last year, there was talk that Chelsea had ticked off the first trophy of a possible quadruple after they beat Manchester City in the Women’s League Cup final in Derby. Today, in Bristol, the feeling is quite different for the team that went on to win a domestic treble – not too shabby. Chelsea’s defence of their WSL title is in tatters with Manchester City nine points clear of them – today’s opponents, Manchester United, are above them in the table. The FA Cup is still on (a quarter-final against Tottenham awaits) and a first Champions League is also possible (Arsenal stand in their way in that one). Beating United at Ashton Gate this afternoon would set them up nicely for the rest of the season. As for United, they are still dreaming of catching City in the league (the gap is eight points) and have never won the League Cup – this is their first final. Marc Skinner’s side will also be keen to avenge their elimination at the hands of Chelsea in the fifth round of the FA Cup last month. We will have extra time and penalties if necessary as the first trophy of the English season is handed out. Get in touch via email or simply follow along. Kick-off is 2.15pm (GMT) – team news is coming shortly.
The first time I dared to write a recipe for Irish stew, I was invited on to the national broadcaster, RTÉ, to discuss my choices live on air. And, to my considerable relief, it was eventually decided that I had not dishonoured the memory of my ancestors. It’s tempting for modern cooks to meddle with such resolutely plain classics. Do not! It’s delicious just as it is. Prep 20 min Cook 2 hr Serves...
The first time I dared to write a recipe for Irish stew, I was invited on to the national broadcaster, RTÉ, to discuss my choices live on air. And, to my considerable relief, it was eventually decided that I had not dishonoured the memory of my ancestors. It’s tempting for modern cooks to meddle with such resolutely plain classics. Do not! It’s delicious just as it is. Prep 20 min Cook 2 hr Serves 6 3 large onions 2 tbsp oil, or lamb fat 10-12 very floury potatoes, depending on size and hunger 1 neck of lamb, or hogget or mutton, cut into thick slices (see steps 1 and 2) 2 sprigs fresh thyme Salt and pepper 6 carrots, or, if you like, substitute some for chopped turnip, swede or leek Chopped parsley, or chives, to serve (optional) 1 A note on the meat Traditionally, an older, less productive animal would have been used here – and the slow cooking time reflects this – but modern recipes tend to favour lamb. What you use is largely a question of taste, though: mutton will have a stronger flavour than lamb, while hogget (a sheep between the age of one and two years) is a good middle ground. 2 …. and on the cut of meat The cut is flexible: shanks, breast, even chunks of stewing lamb are also good choices, though without bones the gravy might need a little stock to help its flavour (you can strip the meat from the bones before serving, if preferred). If you have a butcher, I’d recommend getting neck, cut into thick, bone-in slices/chops. 3 A note on the potatoes The potatoes, meanwhile, ought to be as floury as possible, so they partially break down during cooking and help to thicken the gravy. The best commercial varieties are golden wonder or kerr’s pink, but the more common likes of rooster, desiree and maris piper will also do. Avoid anything described as a waxy or salad potato. 4 Start the base Heat the oven to 180C (160C fan)/350F/gas 4. Peel the onions and cut them into thick slices. Put the oil in a large casserole dish over a medium flame, then sweat the onions ...
There is an Israeli military strategy called the “fog procedure”. First used during the second intifada, it’s an unofficial rule that requires soldiers guarding military posts in conditions of low visibility to shoot bursts of gunfire into the darkness, on the theory that an invisible threat might be lurking. It’s violence licensed by blindness. Shoot into the darkness and call it deterrence. With...
There is an Israeli military strategy called the “fog procedure”. First used during the second intifada, it’s an unofficial rule that requires soldiers guarding military posts in conditions of low visibility to shoot bursts of gunfire into the darkness, on the theory that an invisible threat might be lurking. It’s violence licensed by blindness. Shoot into the darkness and call it deterrence. With the dawn of AI warfare, that same logic of chosen blindness has been refined, systematized, and handed off to a machine. Israel’s recent war in Gaza has been described as the first major “AI war” – the first war in which AI systems have played a central role in generating Israel’s list of purported Hamas and Islamic jihad militants to target. Systems that processed billions of data points to rank the probability that any given person in the territory was a combatant. The darkness in the watchtower was a condition of the terrain. The darkness inside the algorithm is a condition of the design. In both cases, the blindness was chosen. It was chosen because blindness is useful: it creates deniability, it makes the violence feel inevitable, it moves the question of who decided from a person to a procedure. The fog did not lift. It was given a probability score and called intelligence. It may have been chosen blindness that led, at the start of the US-Israeli Iran war, to the strike at the Shajareh Tayyebeh elementary school in Minab, in southern Iran. At least 168 people were killed, most of them children, girls aged seven to 12. View image in fullscreen Portraits of schoolchildren from the Shajarah Tayyebeh elementary school in Minab, Iran, who were killed in a US strike. Photograph: Ons Abid/AP The weapons were precise. Munitions experts described the targeting as “incredibly accurate”, each building individually struck, nothing missed. The problem was not the execution. The problem was intelligence. The school had been separated from an adjacent Revolutionary Guard base by a...
A 600-year-old brick bearing Hong Kong superstar Andy Lau Tak-wah’s name has gone viral on social media in mainland China. Three characters, identical to the actor and singer’s Chinese name, were carved into the city wall of Nanjing, the ancient capital of the early Ming dynasty (1368-1644). The inscriptions, carved into a brick now preserved at the Nanjing City Wall Museum, offer clues about the ...
A 600-year-old brick bearing Hong Kong superstar Andy Lau Tak-wah’s name has gone viral on social media in mainland China. Three characters, identical to the actor and singer’s Chinese name, were carved into the city wall of Nanjing, the ancient capital of the early Ming dynasty (1368-1644). The inscriptions, carved into a brick now preserved at the Nanjing City Wall Museum, offer clues about the identity of the ancient namesake – whose name is pronounced “Liu Dehua” in Mandarin. Advertisement The Ming-era Liu, who hailed from what is now Jiangxi province, was a brickmaker, People’s Daily reported on Saturday, citing heritage officials. The inscription gained attention online after a film marking the 660th anniversary of the construction of the Nanjing Ming City Wall was released earlier this month. The brick was featured to illustrate an ancient quality-control method that required artisans to inscribe their names on their products. Advertisement
Suphanat Khumsap/iStock via Getty Images Real Estate Weekly Outlook U.S. equity markets dipped to four-month lows this week as volatility gripped global financial markets amid an intensification of the Iran war, sending oil prices to three-year highs and benchmark interest rates to multi-month highs. Reports of tanker explosions, attacks on shipping in the Strait of Hormuz, and escalating strikes ...
Suphanat Khumsap/iStock via Getty Images Real Estate Weekly Outlook U.S. equity markets dipped to four-month lows this week as volatility gripped global financial markets amid an intensification of the Iran war, sending oil prices to three-year highs and benchmark interest rates to multi-month highs. Reports of tanker explosions, attacks on shipping in the Strait of Hormuz, and escalating strikes between allied forces and Iran fueled a steady stream of headlines that kept investors on edge. In an effort to temper the surge in oil prices, the White House pulled nearly every available lever - authorizing purchases of stranded Russian crude, coordinating with allies on strategic reserve releases, and signaling additional supply measures - though these efforts have struggled to offset the coordinated campaign by the wounded Iranian leadership and aligned actors to disrupt global energy flows. Hoya Capital Declining for a third-straight week and for the sixth time in the past eight weeks, the S&P 500 declined 1.6%. The VIX volatility index - the so-called Wall Street "fear gauge" - rose to the highest levels since the Liberation Day sell-off in April 2025. The selling pressure was again sharper among the smaller-cap segments, reversing some of their early-year outperformance. The Small-Cap 600 and Mid-Cap 400 each declined more than 2% on the week. For a second-straight week, Energy ( XLE ) was the lone GICS equity sector in the green, pushing its year-to-date gains to nearly 30%. Financials and Consumer Discretionary stocks were laggards with declines of over 4%. Real estate equities were under pressure for a second straight week as the renewed rise in interest rates dampened the positive momentum from a broadly solid REIT earnings season. The Equity REIT Index declined 2.0% on the week, with 18-of-20 property sectors in negative territory, while the Mortgage REIT Index dipped 3.2%. Homebuilders and the broader Housing Index slid for a second-straight week from a combin...
Alvaro Victor/iStock via Getty Images Energy Transfer: Offers Relative Fee-Based Stability Amid The Market Chaos Two weeks past the start of the ongoing Iranian War, energy stocks are leading the market by a mile. With the energy sector up by almost 30% year-to-date, it could have surprised you if you referred to the performance of Energy Transfer LP ( ET ), as units are up by just <16%, and that ...
Alvaro Victor/iStock via Getty Images Energy Transfer: Offers Relative Fee-Based Stability Amid The Market Chaos Two weeks past the start of the ongoing Iranian War, energy stocks are leading the market by a mile. With the energy sector up by almost 30% year-to-date, it could have surprised you if you referred to the performance of Energy Transfer LP ( ET ), as units are up by just <16%, and that sums up the total return, with price gains making up almost 13.8%. Still, ET has been a beneficiary of the growth-to-value rotation, as the market sought an off-ramp from more expensive growth plays and saw that energy was perhaps too beaten down, misrepresenting their solid fundamentals, and also the potential for a cyclical upcycle in their favor, after having suffered an extended normalization phase. Notably, while the eruption of the US-Iranian conflict has threatened to throw early 2026 forecasts of energy prices off tangent, ET has barely moved since the start of the conflict. Even though XLE has continued to make some gains, most of the gains for the year actually came pre-conflict. ET estimates (TradingView) ET’s underperformance against its energy peers has continued without much respite, as the market leans in towards peers with a stronger pro-cyclical exposure to the current bullish energy narrative dominating the market right now. I think this is the conundrum right now for ET investors as they consider whether they want to expand their exposure into oil and gas opportunities that could be exposed to higher upside volatility through underlying energy prices. However, that could also place them in an unenviable position of being wrong in their bets if the current oil price shock were to subside by the end of 2026, as I explained in a recent update based on revised Goldman Sachs forecasts. ET 2026 Outlook (ET) Hence, while ET may have underperformed its energy sector peers for a while, the relative steadiness of investing in an energy infrastructure LP with most o...
is a senior reviewer covering TVs and audio. He has over 20 years experience in AV, and has previously been on staff at Digital Trends and Reviewed. Samsung promised “more than a design refresh” for its new top-end Galaxy Buds – it added upgraded woofers for improved, dual-amped hi-fi sound, a new blade design, clearer call performance, and better noise cancellation. Ultimately, while the $249.99 ...
is a senior reviewer covering TVs and audio. He has over 20 years experience in AV, and has previously been on staff at Digital Trends and Reviewed. Samsung promised “more than a design refresh” for its new top-end Galaxy Buds – it added upgraded woofers for improved, dual-amped hi-fi sound, a new blade design, clearer call performance, and better noise cancellation. Ultimately, while the $249.99 Galaxy Buds 4 aren’t a huge leap forward over the previous model, they keep what was good about the Buds 3 and improve on most of what wasn’t — as long as you use Samsung Galaxy devices. That’s because, much like the AirPods Pro 3 with Apple gear, the Buds 4 Pro still work best when paired with another Galaxy device. This unlocks all of the functionality of the Buds 4 Pro, including hi-res audio support, Gemini and Bixby voice wakeup, head gestures for call and Bixby control, the interpreter translation, Auracast, auto switch, and HD voice calling. Some of these are available with an Android device running the Galaxy Wear app, but for iPhone, Windows, and game consoles, the buds can only handle standard audio, calls, and toggling ANC on and off. It might be a good business decision, but it limits who can fully enjoy the Galaxy Buds 4 Pro. One of the improvements I was happy to see from the Galaxy Buds 4 Pro over the previous version is a better, more consistent sound profile. I found the Buds 3 Pro to be a bit shouty, where certain frequencies in vocals stuck out more than they should. There was a similar problem with the high end, and I didn’t want to listen to them for long periods of time. But the Buds 4 Pro fixed that. The midrange in particular is smoother, which allowed me to just sit back more and enjoy Chris Cornell’s soaring vocals on “Black Hole Sun” and “Superunknown.” And Matt Cameron’s hi-hat helps to drive the groove while his cymbals punctuate rhythmic hits throughout without being piercing. The bass levels on the Buds 4 Pro are right on the edge for me, and ...
Attempts to provide upgraded software for F-35 jets have “stagnated” and no new combat capability was delivered last year, according to the annual report by the Pentagon’s testing office, even as the fighter jets fly missions over Iran. The most recent upgrade, called TR-3, which will be fielded eventually on jets like those flying Iran missions, “was predominately unusable” during most of last ye...
Attempts to provide upgraded software for F-35 jets have “stagnated” and no new combat capability was delivered last year, according to the annual report by the Pentagon’s testing office, even as the fighter jets fly missions over Iran. The most recent upgrade, called TR-3, which will be fielded eventually on jets like those flying Iran missions, “was predominately unusable” during most of last year “due to stability problems, shortfalls in capability and ongoing discovery of deficiencies,” according to the report made available to Bloomberg News. It was referring to a software version that hadn’t fully been tested. The Marine Corps jets flying off the USS Abraham Lincoln aircraft carrier are equipped with earlier software known as TR-2. Upgrades are key to the F-35 — basically a flying computer, with more than 20 million lines of code. The expected updates would have allowed it to carry more sophisticated weapons, to improve targeting and communication with other aircraft and ground units and to harden cybersecurity. But the Pentagon report, to be published as soon as this week, said that as of Sept. 30, the software upgrades by Lockheed Martin Corp . for the US’s most expensive weapon program “continue to face challenges in delivering reliable, fully functional software” for rigorous combat testing prior to installation. “The F-35 program continues to show no improvement in meeting schedule and performance timelines for developing and testing software, failing to deliver on the expectations of its agile development framework” as “the process of addressing deficiencies and adding new capabilities has stagnated,” according to the report. Defense Secretary Pete Hegseth cut staff last year from the Pentagon test office that produces the congressionally mandated report each year. Read More: Hegseth Cuts Staff at Pentagon’s Independent Test Office A spokesman for the F-35 program office didn’t have an immediate comment. The TR-3 upgrade is designed to increase processin...
This week was a rollercoaster ride in the world of business and technology. From Nio Inc. CEO’s big bet on in-house chips and battery swaps to WeRide Inc. expanding its strategic partnership with Tencent Cloud, there was no shortage of intriguing developments. Meanwhile, Tesla Inc. faced a $1 million lawsuit in Texas, Ford Motor launched a new initiative to reward customer loyalty, and Uber Techno...
This week was a rollercoaster ride in the world of business and technology. From Nio Inc. CEO’s big bet on in-house chips and battery swaps to WeRide Inc. expanding its strategic partnership with Tencent Cloud, there was no shortage of intriguing developments. Meanwhile, Tesla Inc. faced a $1 million lawsuit in Texas, Ford Motor launched a new initiative to reward customer loyalty, and Uber Technologies took a significant step in expanding its autonomous vehicle offerings. Nio CEO’s Big Bet on In-House Chips, Battery Swaps William Li, CEO of Nio Inc., has reiterated the company’s commitment to battery swapping efforts and in-house self-driving chip development during the company’s Q4 earnings call. The latest funding round for Nio subsidiary GeniTech Co. Ltd. is expected to boost the company’s in-house chip design and self-driving efforts. Read the full article here. WeRide Expands Strategic Partnership with Tencent Cloud WeRide Inc. has disclosed an expanded strategic partnership with Tencent Cloud, the cloud computing brand and business unit of Chinese multinational technology conglomerate, Tencent Holdings Ltd. Read the full article here. Tesla Hit with $1 Million Lawsuit In Texas A $1 million lawsuit has been filed against Tesla Inc. in Texas, questioning CEO Elon Musk’s appointment and retention by the automaker. The lawsuit stems from an incident where a Cybertruck collided into a concrete barrier at the edge of an overpass. Read the full article here. Ford Launches Initiative To Reward Customer Loyalty Ford Motor has launched an initiative designed to improve accessibility to financing while rewarding loyalty. Under the program, customers can earn rewards on everyday purchases and finance service and accessory purchases through Ford's digital platforms. Read the full article here. Uber’s Robotaxis Hit The Road In Vegas Uber Technologies has launched an all-electric robotaxi service in Las Vegas in partnership with Motional. This move is seen as a significant ...
Sometimes, major public companies own shares of other businesses. Nvidia is no exception, and it has a few notable artificial intelligence (AI) investments in its portfolio. From its fourth-quarter Form 13F, we know that Nvidia owns five stocks, one of which is Nebius (NBIS +4.54%). Nebius is an AI-first cloud computing provider that champions itself as providing the best available graphics proces...
Sometimes, major public companies own shares of other businesses. Nvidia is no exception, and it has a few notable artificial intelligence (AI) investments in its portfolio. From its fourth-quarter Form 13F, we know that Nvidia owns five stocks, one of which is Nebius (NBIS +4.54%). Nebius is an AI-first cloud computing provider that champions itself as providing the best available graphics processing units (GPUs) from Nvidia to run workloads on. Apparently, Nvidia believes that Nebius' business is good enough to invest in, and it owns nearly 1.19 million shares, valued at over $100 million today. After digging into the growth Nebius expects this year, I think it's a no-brainer investment, as it's expected to grow far faster than Nvidia. Nebius is quickly expanding to meet demand As mentioned above, Nebius is an AI-first cloud computing provider that offers a full-stack solution for clients to rent out and run AI workflows on. Because it's offering a full-stack solution, users have everything they need to start training and running AI models without any additional services. This is a highly attractive offering, and Nebius' platform has become popular among individual developers, as well as larger companies like Microsoft and Meta Platforms. Expand NASDAQ : NBIS Nebius Group Today's Change ( 4.54 %) $ 4.91 Current Price $ 112.95 Key Data Points Market Cap $28B Day's Range $ 110.14 - $ 116.57 52wk Range $ 18.31 - $ 141.10 Volume 15M Avg Vol 13M Gross Margin -765.63 % At the end of 2025, Nebius operated seven different data centers, up from two in 2024. While it has rented out space from existing data centers, it plans to own the majority of data centers that come online in 2026. By the end of the year, they expect to be operational in 16 different locations. This huge expansion is necessary because demand for its platform is skyrocketing. In Q4 2025, its revenue rose 547% year over year to $228 million. It ended the year with a $1.25 billion annual run rate (ARR), but...
The Panamanian government has asked Chinese shipping giant Cosco to reconsider its decision to suspend operations at the Balboa port amid geopolitical tensions surrounding the strategic gateway and Hong Kong’s CK Hutchison Holdings. Panama’s Minister for Canal Affairs Jose Ramon Icaza told reporters on Friday that Cosco’s decision had caught the government off guard. “The Cosco issue has actually ...
The Panamanian government has asked Chinese shipping giant Cosco to reconsider its decision to suspend operations at the Balboa port amid geopolitical tensions surrounding the strategic gateway and Hong Kong’s CK Hutchison Holdings. Panama’s Minister for Canal Affairs Jose Ramon Icaza told reporters on Friday that Cosco’s decision had caught the government off guard. “The Cosco issue has actually taken us a bit by surprise. All cargo is important, and certainly, Cosco cargo is important for us, for Panama, and we hope they reconsider, obviously, that decision to stop using the Port of Balboa,” he told the media. Advertisement State-owned Cosco, which owns one of the world’s largest tanker fleets, published a notice in a local newspaper last week notifying its clients about the suspension without revealing the reasons. The Balboa port is a critical terminal at the entrance of the Panama Canal, through which 10 million containers passed last year. Advertisement Icaza said the Port of Balboa mainly handled cargo from various shipping lines.