Why Tempus AI Skyrocketed This Week
Tempus AI stock surged 39.5% this week following positive Phase 3 trial results for a cancer vaccine developed by Merck and Moderna using technology from Personalis, which Tempus is acquiring.
Bitcoin Finally Wakes Up While U.S. Debt Hits $40 Trillion
Bitcoin rebounded to nearly $80,000 following Treasury Secretary Scott Bessent’s announcement of increased debt buybacks, while U.S. federal debt reached $40 trillion this week.
Warner Bros. Discovery reports 10% jump in streaming revenue ahead of proposed Paramount combination
Warner Bros. Discovery reported a 10% increase in streaming revenue to over $3 billion in the second quarter, driven by HBO Max growth ahead of its proposed Paramount merger.
Disney CEO Josh D’Amaro tells CNBC parks were ‘big surprise’ in last quarter, company has ‘clarity’ and ‘stability’
Disney CEO Josh D’Amaro told CNBC that the parks division delivered a “big surprise” last quarter, expressing confidence in the company’s trajectory and stating he feels “pretty good” about developments nearly six months into his tenure.
Alibaba shares fall 5% as AI spending drives 75% drop in net income
Alibaba’s shares declined as the Chinese tech giant reported a 75% drop in net income for the June quarter, driven by substantial increases in artificial intelligence spending and capital expenditure.
3 Trading Firms Still Short Bitcoin and Ethereum Despite Sharp Price Rally
Three trading firms maintain over $600 million in combined short positions in Bitcoin and Ethereum despite a recent market rally that liquidated other bearish traders.