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Archived image accompanying: SpaceX IPO Disclosure Row Shadows a Record $75 Billion Debut

SpaceX IPO Disclosure Row Shadows a Record $75 Billion Debut

SpaceX went public on June 12 in the largest IPO on record, raising $75 billion and surging 28% on debut. Within ten days, shares had plunged 16% as investor scrutiny over xAI disclosure omissions collided with a surprise debt financing announcement.

4 months ago

Archived image accompanying: China Sanctions 10 US Companies and Hits Dozens More With Export Controls and Procurement Bans

China Sanctions 10 US Companies and Hits Dozens More With Export Controls and Procurement Bans

Beijing imposed export controls on 10 American defense and rare earth firms and banned 46 more from government procurement on June 22, retaliating for a US Pentagon blacklist expansion that snared Alibaba, Baidu and BYD — the latest flare-up just weeks after the Trump-Xi Beijing summit.

4 months ago

Archived image accompanying: Fox Strikes $22 Billion Deal to Acquire Roku, Beating Out Netflix

Fox Strikes $22 Billion Deal to Acquire Roku, Beating Out Netflix

Fox Corporation agreed to buy Roku for $22 billion at $160 per share, outbidding Netflix in a landmark deal that gives Fox control of roughly 45% of US streaming time and leaves Netflix down more than 17% year to date after two failed major acquisitions.

4 months ago

Archived image accompanying: US and Iran Agree on 60-Day Peace Roadmap at Switzerland Talks

US and Iran Agree on 60-Day Peace Roadmap at Switzerland Talks

The first round of high-level US-Iran negotiations at Bürgenstock concluded Monday with a 60-day roadmap toward a final deal, a joint oversight committee, Strait of Hormuz communication channels, and a Lebanon deconfliction cell — despite Trump threatening fresh strikes mid-summit.

4 months ago

Archived image accompanying: Iran and US Clinch Draft Deal on Temporary Oil Sanctions Relief at Switzerland Talks

Iran and US Clinch Draft Deal on Temporary Oil Sanctions Relief at Switzerland Talks

Iran and the US finalized a draft agreement on temporary oil sanctions relief during technical side sessions at Bürgenstock, Switzerland — the first concrete deliverable from the MOU signed by Presidents Trump and Pezeshkian on June 18. Iran's full nuclear concessions remain deferred to a 60-day negotiating window.

4 months ago