Business
Kratos wins $100 million sole-source space surveillance contract
Kratos received an approximate $100 million sole-source prime award for a ground-based space domain awareness system, adding to its defense backlog.
Technology
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.
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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.
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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.
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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.
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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
