Business
Raytheon Wins $745 Million MDA Contract for SM-3 IIA Interceptors
Raytheon, an RTX business, won a $745 million Missile Defense Agency contract for SM-3 IIA interceptor production and sustainment through 2031.
Technology
Anthropic to Watermark Claude Text and Files Worldwide for EU AI Act
Anthropic says future Claude models will embed text watermarks and file provenance metadata as EU AI Act labeling rules take effect Aug. 2, 2026.
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White House Completes Voluntary Frontier AI Testing Framework, Calls in Labs
The White House completed a voluntary framework for testing frontier AI models and invited OpenAI, Google, Anthropic, and Meta for review.
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OpenAI Launches ChatGPT Work to Automate Tasks Across Workplace Apps
OpenAI launched ChatGPT Work, an agent that runs tasks across apps and files, expanding its push into enterprise productivity software.
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Moderna Wins EU Contract to Supply RSV Vaccine to Six Countries
Moderna won a European Commission framework contract for up to 24 million mRESVIA RSV vaccine doses over four years across six countries.
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Meta Targets September 2026 Production for Custom IRIS AI Chip
Meta is reportedly targeting September 2026 production for its IRIS AI chip, designed with Broadcom and made by TSMC for data-center workloads.
TSMC Lifts 2026 Capex Plan to $64 Billion on AI Demand
TSMC lifted its 2026 capex plan to $60 billion to $64 billion, above prior guidance, on sustained demand for AI chips, packaging and fab capacity.
TSMC Raises 2026 Sales and Capex Outlook on AI Chip Demand
TSMC lifted its 2026 revenue and capital-spending outlook after stronger AI and data-center chip demand, signaling continued intensity in chip supply chains.
Eli Lilly to Buy AtaiBeckley in Deal Worth up to $3.8 Billion
Eli Lilly agreed to buy AtaiBeckley for $2.8 billion upfront plus up to $1.0 billion in milestones, adding psychedelic depression assets to its pipeline.
OpenAI broadens GPT-5.6 release after restricted two-week preview
OpenAI broadened GPT-5.6 across ChatGPT, Codex and its API on July 9 after a limited preview, introducing Sol, Terra and Luna tiers.
Micron lifts U.S. chip investment plan above $250 billion
Micron plans to invest more than $250 billion in U.S. chip plants and technology through 2035, citing AI memory demand and a larger domestic supply chain.
J.P. Morgan Flags AI Memory Margins at 54% as Sector Stocks Surge
J.P. Morgan Asset Management said AI-driven memory margins reached 54%, with net income up 450% and related stocks up 638% over the past year.
Meta to Invest Over C$13 Billion in First Canadian AI Data Center
Meta will invest over C$13 billion in a 1GW AI data center in Alberta, its first in Canada and largest facility outside the U.S.
Novartis to Buy UK's Myricx Bio in Deal Worth Up to $1.5 Billion
Novartis will buy UK biotech Myricx Bio for $1.1 billion upfront plus up to $400 million in milestones to expand its targeted cancer therapy pipeline.
Apple shares rise 5% on iPhone roadmap and China memory talks
Apple shares rose about 5% as investors focused on its iPhone roadmap, foldable plans and China memory talks despite a reported production cut.
Samsung Profit Jumps 19-Fold, Shares Fall on AI Valuation Doubts
Samsung guided Q2 operating profit to 89.4 trillion won and revenue to 171 trillion won, but shares fell as investors questioned AI-chip valuations.
United Therapeutics to Buy Thymmune for Up to $300 Million
United Therapeutics will acquire Thymmune for $140 million upfront plus up to $160 million in milestones, adding a preclinical thymic cell therapy platform.
Dan Ives Exits Wedbush to Launch Technology Merchant Bank
Dan Ives left Wedbush on July 1 to launch a merchant bank combining research, advisory, capital raising and investing.
C3.ai Jumps After Earnings Beat as Siebel Flags Stronger AI Demand
C3.ai shares rallied after a quarterly earnings beat and upbeat AI demand comments, even as revenue declined and losses remained substantial.
Apple shares rise 5% as investors bet on stronger iPhone margins
Apple rose 4.84% on July 2 as investors focused on iPhone price hikes, memory sourcing and foldable plans over near-term production concerns.
Nvidia, Palantir Launch AI Stack for U.S. Government Use
Nvidia and Palantir unveiled a U.S. government AI initiative using Nemotron open models in classified and air-gapped environments. No financial terms were discl
Editor's Pick
Anthropic and OpenAI Test the Rules for Valuing AI Revenue
AI · · 6 min read
Combined private-market valuations above $1 trillion rest on revenue growth that is real but far smaller, forcing investors to separate consumption run rate from durable recurring revenue.
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