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Canada's MDA Space is acquiring a Raytheon satellite unit for $620 million. The deal expands MDA's satellite manufacturing and robotics capabilities. The acquisition positions MDA for growth in the space defense and commercial markets.

Delhivery launched 'Abhyam', a welfare program for its 1 lakh frontline workers. The scheme provides accidental insurance up to Rs 15 lakh, family health cover of Rs 5 lakh for spouse and two children, and children's scholarships. The program aims to protect workers from financial distress due to unforeseen events.

Graph Therapeutics, founded by Allcyte co-founder Gregory Vladimer, raised $5M from Daphni to develop its own medicines. The Vienna-based startup targets inflammation and immunology diseases by testing drugs on living patient cells and applying machine learning. Total funding now exceeds $10M.

Strategy acquired 520 bitcoin for $34.9 million last week, bringing total holdings to 847,363 BTC. The company raised cash reserves by $300 million to $1.4 billion through common stock sales. The cash backs dividend payments on preferred stock STRC, which recently hit a record low below $83.

Ferrari Chief Marketing and Commercial Officer Enrico Galliera denied a Bloomberg report that buying the €550,000 Luce EV is required to access limited-edition models. Galliera called such a policy a "huge mistake" that would create negative ambassadors. The Luce is Ferrari's first electric vehicle.

AbbVie is acquiring an eczema and asthma drug developer for nearly $11 billion. The deal adds a late-stage pipeline asset to AbbVie's immunology portfolio. The acquisition targets a developer with treatments for inflammatory conditions.

Charles Schwab is teaming up with Cboe to launch S&P 500 prediction market contracts. The contracts allow traders to bet on the index's future levels. This move brings prediction markets to a mainstream brokerage platform.

Global Auto Holdings Ltd. is considering an IPO in Toronto this year. The company owns Lookers, Alpha Auto Group, and Wismo Group. It acquired Mercedes Benz AG's Berlin-Brandenburg branch in May, which has seven locations and over 1,100 employees.

Peregrine Technologies, an AI company powering public safety operations for the 2026 World Cup, raised $250 million. The San Francisco-based firm was founded by Nick Noone and Ben Rudolph, who met on Stanford's men's gymnastics team. Noone previously worked at Palantir before starting the public safety platform.

An estimated 40% of prisoners return to prison within three years. Nineteen prison systems are contracting with San Francisco nonprofit Recidiviz to use digital tools and AI to consolidate prisoner data from dozens of separate records and reduce recidivism.

Yatra denied reports that ixigo promoters were in advanced talks to acquire a 15% to 20% stake in the company. The denial followed a CNBC Awaaz report and queries from stock exchanges NSE and BSE. Yatra's promoters held 62.66% stake as of March 31, 2026.

Ali Yahya of Andreessen Horowitz's crypto arm argued that direct democracy in DAOs failed over the last decade. DAOs use blockchains for member voting but face criticism as "decentralization theater" when token majority owners dominate decisions. Polymarket's dispute resolution via UMA protocol drew similar scrutiny.

Eamon Jubbawy raised $40M in Series A for Isometric to replace slow, manual industrial certification with AI agents. The round was led by AVP with participation from Plural and Lowercarbon Capital. Isometric's AI reads millions of data points to cut certification timelines from 12 months to hours.

Polymarket faces scrutiny over U.S. promotion practices. Minnesota sued the Trump administration over rapid prediction market deregulation. Underdog filed its first CFTC rules after acquiring Aristotle Exchange. Charles Schwab entered the prediction markets business. New federal legislation targets the sector.

Meta is in discussions to invest in Indian fintech CRED at a roughly $4 billion valuation. The deal could give Meta a stronger foothold in India's digital payments market, where PhonePe and Google Pay dominate nearly 80% of UPI transactions. Talks remain ongoing and no final decision has been made.

Central Drugs Laboratories found 46 drug samples not of standard quality in May 2026. State Drugs Testing Laboratories identified 113 additional substandard samples. One spurious drug, manufactured by an unauthorized entity using another company's brand, was discovered in Assam and is under investigation.

SK Hynix surpassed Samsung Electronics in market capitalization on the Korea Exchange for the first time since November 2000. Its common shares were worth roughly 2,057 trillion won, narrowly ahead of Samsung's 2,051 trillion. The surge is driven by SK Hynix's dominant position as the principal supplier of high-bandwidth memory for Nvidia's AI accelerators.

ECARX entered a definitive agreement to acquire the full Flyme software business. The deal secures end-to-end operating system capabilities for the company. Financial terms of the acquisition were not disclosed.

Lyten agreed to pay approximately €60 million for Northvolt's planned battery cell factory site in Heide, Germany. The deal involves KfW, the federal government, and Schleswig-Holstein. Lyten plans a smaller factory than Northvolt's original project, which stalled after Northvolt filed for bankruptcy.

Standard Chartered overweights Asia ex-Japan, favouring Taiwan and China on AI and earnings. The bank sees these markets benefiting from artificial intelligence growth and strong corporate earnings. The overweight position reflects a strategic tilt toward technology-driven markets in the region.

Johannes Hummer, CEO of Freedom Telecom International, argues business in the Middle East is resetting rather than retreating. The region faces challenges including a closed Strait of Hormuz and an elusive U.S.-Iran peace deal. Global airline profits have been cut in half this year.

Analyst Doctor Profit said bitcoin is forming a bear flag pattern on the daily chart. A breakdown could send the price to $54,000, $56,000 initially, then possibly $40,000, $50,000. The trader previously forecast bitcoin's October all-time high. Chart patterns are subjective and can fail.

UAE-based Rentify raised $2 million in seed funding to launch Earn AI, an artificial intelligence platform that automates rental revenue management for landlords. The company's total funding is now $2.5 million. Earn AI handles rent collection, tenant onboarding, payment reminders, and lease renewals, and is already used by five enterprise customers.

Satya Nadella said the public would not tolerate a few AI labs "doing all of the learning for the world." The Microsoft CEO offered a blistering critique of AI power balance and called for earning society's permission. Microsoft is moving to provide low-cost models and tools.

Nasdaq Private Market closes $37.6 million Series C financing led by Cerity Partners. Additional investors include Optiver, Nasdaq, DRW Venture Capital, and HiJoJo Partners. Funds will scale operations, boost secondary transaction volume, expand distribution, and apply AI to improve transaction efficiency. The company spun out of Nasdaq in 2021 and serves private companies and employee shareholders throughout pre-IPO lifecycle.

Google took no equity from startups in its African accelerator, a model that reflects a broader shift. Sophisticated capital providers now prioritize owning ecosystems and revenue streams over equity. The $3 trillion private credit market lets investors capture startup upside without traditional ownership, challenging the focus on dilution.

Cipla shares rose 4% after Citi placed the stock on a 90-day Positive Catalyst Watch with a 'Buy' rating. The brokerage expects growth from potential US approvals for gFlovent and gVentolin, a US business rebound, and strong domestic respiratory portfolio performance.

Shipway by Unicommerce launched ShipSense, an AI engine that uses shipment data across thousands of pincodes to help D2C brands improve delivery success. India's D2C market is projected to surpass $310 billion by 2030, but brands face return-to-origin rates of 20-30% that eat into margins.

Cashfree Payments' One Click Checkout helped Sepoy & Co. crack the D2C conversion code. The feature reduced checkout friction for the premium mixer brand, which was founded in 2018 by Angad Soni to create mixers using 100% natural ingredients developed by botanists and mixologists in London and India.

THE SMC raises $13 million in pre-IPO funding led by LB Investment, Timefolio Asset Management, Kolon Investment, and Kolmar Korea. Funds go to AI solution development, global expansion, and talent hiring. The company uses Lens by The SMC, an analytics platform with data from 100,000+ creator profiles to boost campaign performance.

Aurobindo Pharma's US arm received Federal Trade Commission approval for its $250 million acquisition of Lannett Company. The deal, expected to close by June 2026, strengthens Aurobindo's complex generics and controlled substances portfolio and adds Lannett's Indiana manufacturing facility. The acquisition is projected to immediately boost earnings per share.

BlueStone posted a full-year profit of ₹26 Cr in FY26, with operating revenue rising 38% YoY to ₹2,441 Cr. The jewellery brand achieved this through operating leverage and 34% YoY same-store sales growth in Q4. Analysts at JM Financial and Nuvama now rate the stock a Buy.

HackerNoon compiled a list of 202 blog posts ranking tech Twitter threads by reader engagement. Posts highlight AI training opportunities with earnings of $25 to $45 per hour. The threads cover tutorials, deep dives, and technical insights shared by professionals. LearnRepo.com hosts the curated list.

Shanghai-based Coowa, an embodied AI robot developer, plans to file a Hong Kong IPO. The company was valued at $3 billion after raising $600 million in its latest funding round.

Bengaluru-based startup NORI designs ergonomic cabin suitcases, modular organisers, and color-coordinated accessories specifically for women. Founded in 2025, the brand addresses common issues like high trolley handles and poor compartment organization. NORI focuses on how women pack, move, and travel.

Reselling inference at cost yields zero margin because customers compare prices to raw API costs and route around providers. Cost-plus pricing caps revenue at inference cost; value-based pricing charges per resolved task or generated report, decoupling price from compute. Optimization reduces inference cost to $0.70 via routing, caching, and distillation to small models.

An AI app generated a soft-focus toddler image blending user photos, using features from both parents to create a visually appealing composite. The image reflects training data biases toward average, healthy babies, not actual genetic outcomes. The system outputs what users expect to see, not real future possibilities. Engagement is prioritized over accuracy in generative outputs.

Thoma Bravo handed Medallia to lenders in April after debt service hit $300 million against $200 million in earnings, wiping out $5.1 billion in equity. Payment-in-kind (PIK) interest hid the gap by deferring cash payments. A dozen more PE-owned software companies face the same fuse.

Economist Kent Smetters warns the U.S. has a 20-year outer limit on federal debt, driven by budget tilt toward baby boomers. The Penn Wharton Budget Model director notes the U.S. spends about 10 times more per older person than per younger person, creating incentives for each generation to pass large bills.

Dealership groups wanting next year's Automotive News top 100 finance and insurance list must email the Research & Data Center at [email protected] with their group name, headquarters address, and a contact. The center adds groups to a database and sends an annual survey for the top 150 U.S. dealership groups ranked by new-vehicle sales.

Automotive News ranked the top 100 U.S. dealership groups based on 2025 finance and insurance revenue. Lithia Motors Inc. took the top spot, followed by AutoNation Inc. and Group 1 Automotive Inc. The ranking includes data on revenue gains, declines, total dealerships, and average revenue per vehicle and per dealership.

Top dealership groups are deploying standardized training programs and dedicated platform directors to boost finance and insurance revenue. Some groups saw gains of more than 80 percent year over year. The 2026 Automotive News list ranks the top 100 U.S. dealership groups by F&I revenue.

Nobel laureate Daron Acemoglu estimates AI will deliver 0.55% total factor productivity gain over the next decade. He finds only 20% of current AI discourse intellectually serious. About 5% of tasks will be profitably automated, leading to a 1% to 1.5% GDP increase. The figure contrasts with Wall Street's higher projections.

Nine of the top ten most valued Indian firms added Rs 2.15 lakh crore in market cap last week. Bharti Airtel was the biggest winner, gaining over Rs 52,000 crore. The rally was driven by easing geopolitical tensions and improved global investor confidence. Reliance Industries remained the most valued company.

Cult.fit's products business now contributes 30% of revenue, growing from ₹64.2 Cr in FY22 to ₹326.4 Cr in FY25. The startup is expanding retail outlets and its affordable Cult Neo gym format to reach new customers. Gym memberships remain the core, but products are the next growth engine.

Jane Street invested $1B in CoreWeave in April and holds a stake in Anthropic. The firm has 3,500 employees and plans to hire 500 more this year. Its AI push focuses on trading automation and infrastructure scaling. Jane Street is expanding its AI-driven trading operations through strategic investments.

Amazon and Walmart digital devices contain backdoor software enabling unauthorized internet access. Security tests on two Amazon picture frames and three Walmart streaming devices revealed remote access for attackers. Manufacturers may be compensated to include malware in devices. Cyberattacks exploit these backdoors to route traffic through user networks.