Business headlines from the Apex backend, organized by sectors and major public companies for faster market scanning.
A federal appeals court ruled that more than 3,000 lawsuits accusing social media companies of luring children into addictive use can move forward, intensifying legal risk for Meta, Google, TikTok and Snapchat.
THE APEX TIMES
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The UAE-based defense and aerospace firm Space42 and publicly traded Leonardo DRS announced a memorandum of understanding aimed at advancing “next-generation national security mission systems,” without disclosing program specifics.
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The U.S. drugmaker said it reached a class action resolution involving its smoking-cessation medicine Chantix, focused on allegations that safety-related disclosures were incomplete. The company also pointed to positive topline results from a separate late-stage study.
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As demand for AI compute pushes memory prices and availability into focus, Intel is indicating interest in “stacking” memory and processors to ease a key bottleneck in data center buildouts.
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A new initiative highlighted by CEO Jensen Huang points to a financing model designed to address criticism about how AI projects get funded, while pulling in names such as BlackRock and Goldman Sachs.
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A crypto prediction market is pricing in a pullback for NVIDIA shares after the company’s planned late-August Q2 earnings release, despite a strong start to August for NVDA.
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In a wide-ranging discussion, Coinbase’s chief executive argued that stablecoins, decentralized finance and bitcoin have expanded global access to dollar-denominated payments, credit and an alternative store of value, even as critics continue to question crypto’s real-world impact.
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A report citing Microsoft CEO Satya Nadella’s record compensation links his financial upside to the company’s next phase of growth as investors weigh whether its AI bets will translate into durable returns.
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The company announced two multi-year framework agreements intended to broaden production of missile defense components, a development highlighted in market commentary alongside questions about whether Northrop Grumman shares are still discounted.
