Image source: Getty Images The S&P 500 is full of companies racing to use artificial intelligence (AI), developing strategies that need vast computing power. Oracle (NYSE:ORCL) is well-positioned to help build the very infrastructure required to supply it. That sounds like an attractive investment story. But a growing market isn’t…
THORChain rejects Bitget request to block hacker as $6 million moves to bitcoin
Crypto exchange Bitget lost about $388 million in a Sept. 24 breach after an attacker bypassed security controls protecting its exchange wallets. The company has since said it has identified and fixed the vulnerability, though it has not publicly detailed how the attacker gained access. The exchange had published attacker…
Merck signs up to $2.13B license deal with SciBrunch (MRK:NYSE)
Sundry Photography/iStock Editorial via Getty Images Merck (MRK) has entered into an exclusive global licensing agreement with SciBrunch Therapeutics for SPR2015, an investigational oral KRAS G12D (ON) inhibitor. Under the agreement, SciBrunch granted Merck exclusive worldwide rights to develop, manufacture, and commercialize SPR2015. Merck will pay $400M upfront, with SciBrunch…
Bitcoin drops to $83,000 as oil climbs back above $100: Crypto Markets Today
Bitcoin BTC$82,999.07 fell to $83,000 on Monday, down 1.7% since midnight UTC and 2.1% over 24 hours, though it is the altcoin market taking the brunt of the damage, with 91 of the 100 CoinDesk 100 constituents lower on the day and the index down 2.6% to 1,874.56. The unwind…
Bimergen Energy board approves open-market warrant buyback program (BESS:NYSE)
Bimergen Energy (BESS) has authorized an open-market repurchase program for its publicly traded warrants (BESS.WS). Under the program, the company indicated that it would deploy capital to reduce future equity dilution and to take advantage of prevailing market pricing. More on Spine Injury Solutions Source link
Bitcoin sinks below $83,000 as Iran talks stall and oil climbs
Bitcoin traded near $82,600 on Monday, down 2% over 24 hours, CoinDesk data show. ZEC fell 7% to just above $1,540 and DOGE 5% to about 9 cents, while SOL and HYPE each lost more than 4%. Ether, BNB and XRP dropped between 2% and 4%. TRX held flat. Brent…
Amprius awarded $75M defense grant for U.S. drone battery production
Amprius Technologies (AMPX) has been awarded a federal grant of up to $75M from the U.S. Department of War through its Industrial Base Analysis and Sustainment program. The funding will support the conversion of an existing domestic electric vehicle battery Source link
Europe indexes in green as investors shrug off another rise in oil prices
Europe indexes in green as investors shrug off another rise in oil prices Source link
Stablecoin payments firm RedotPay completes financial audit ahead of planned IPO
Hong Kong-based stablecoin payments company RedotPay has completed a financial audit, a required step toward a U.S. initial public offering, as it pushes ahead with plans to take the business public, it said in a press release Monday. The company also completed a separate review of its anti-money-laundering and counter-terrorist-financing…
Thales expands Google Cloud partnership to secure agentic AI workflows (THLEF:OTCMKTS)
Thales S.A. (THLEF) expanded its collaboration with Google Cloud to help enterprises address security and governance risks associated with agentic AI. Thales said its AI Security Fabric helps control agent access, detect AI threats, block unauthorized actions and enforce policies across enterprise Source link