Investors are bailing on Skillz (NYSE: SKLZ) on Friday morning despite the company securing a monumental $420 million jury verdict in its high-stakes litigation against Papaya Gaming.The federal jury in Manhattan ruled that Papaya had engaged in systematic false advertising by using “bots” in its skill-based games, misleading players into…
Shares of Eli Lilly came under pressure on Friday after early prescription data for its newly launched weight-loss pill suggested a slower rollout compared with rival Novo Nordisk’s competing product.According to data from healthcare analytics firm IQVIA, Lilly’s Foundayo recorded 3,707 prescriptions in the US during its second week on…
Shares of Nvidia surged on Friday, putting the stock on track for a record closing high as renewed optimism around artificial intelligence demand rippled across the semiconductor sector. The rally was partly fuelled by strong earnings from Intel, which reassured investors about the durability of demand for advanced computing hardware.Nvidia’s…
Shares of X-Energy Inc. surged in their market debut on Friday, opening sharply above their initial public offering price after the company raised more than $1 billion in an upsized offering that drew strong investor demand.The Rockville, Maryland-based nuclear energy firm priced its IPO at $23 per share, above the…
US President Donald Trump is dispatching envoys to Pakistan in a renewed push for talks with Iran, even as uncertainty persists over diplomatic progress. Google is deepening its artificial intelligence push with a multibillion-dollar investment in Anthropic, underscoring the intensifying race for computing infrastructure. Intel shares surged after stronger-than-expected earnings…
US equities ended the week on a mixed note, with the S&P 500 and Nasdaq Composite closing at record highs on Friday, supported by optimism around potential US-Iran talks and a surge in semiconductor stocks led by Intel. The Dow Jones Industrial Average, however, lagged behind, ending the session slightly…
US-based investment firm Bain Capital is seeking to sell a stake of at least 40% in Bridge Data Centres (BDC), in a deal that could value the Singapore-based company at around $5 billion.The Boston-headquartered buyout firm has appointed Citigroup and JPMorgan to manage the potential sale process.The process has already…
A year ago, Donald Trump called it Liberation Day. Today, 330,000 American businesses are filing to get their money back, and the President is on television telling them not to.The refund portal opened on April 20, 2026. By that point, the Supreme Court had already ruled 6-3 that Trump’s signature…
The number of Americans filing for unemployment benefits rose modestly last week, suggesting the labour market remains broadly stable even as geopolitical tensions and rising costs pose emerging risks to economic momentum.Data released by the US Department of Labor showed initial claims for state unemployment benefits increased by 6,000 to…
The White House has accused Chinese entities of conducting “industrial-scale” theft of intellectual property from American artificial intelligence labs, marking a fresh escalation in tensions between the world’s two largest economies over control of next-generation technology.In a memo seen by the Financial Times, Michael Kratsios, director of the White House…