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Taiwan Semiconductor Manufacturing Co reported a 77.4% surge in second-quarter profit and announced an additional $100 billion investment in Arizona, bringing total state investment to $265 billion.
SpaceX is in discussions with the Pentagon to lease AI computing capacity to military and intelligence agencies, potentially entering a market already dominated by Microsoft, Amazon, Google, and Oracle.
American Airlines CEO Robert Isom outlined strategies to close a $3 billion profit gap with competitors, including premium cabin upgrades, new aircraft orders, and expanded luxury lounges.
Clipway, founded by Ardian veterans, closed its debut secondaries fund at $6.4 billion, setting a record for a first-time vehicle in the sector.
Sleep Country, Canada’s largest mattress retailer, agreed to acquire U.S. competitor Sleep Number for $702 million following the latter’s bankruptcy filing.
Tesla reported second-quarter earnings that missed Wall Street expectations despite revenue beating estimates, with free cash flow turning negative and profit margins declining significantly.
