Curated by DeeperAI
Regeneron Pharmaceuticals is acquiring the remaining assets of 23andMe, the once-$6 billion DNA testing startup co-founded by Anne Wojcicki, for just $256 million as the company files for Chapter 11 bankruptcy.
Long-dated Treasury yields surged to 5% following Moody's downgrade of the U.S. credit rating, reigniting concerns over fiscal stability and investor confidence in government debt.
Major tech companies are streamlining operations by cutting middle-management roles as growth slows, forcing efficiency-driven restructuring amid limited expansion opportunities.
Ryanair CEO Michael O’Leary stands to earn over $100 million in bonuses if the airline meets ambitious profit targets, repeating a high-stakes performance incentive structure.
Xiaomi is investing $7 billion to develop in-house mobile processors, emulating Apple’s strategy to reduce reliance on external suppliers like Qualcomm and boost technological independence.
NVIDIA CEO Jensen Huang emphasized Taiwan’s critical role in the tech supply chain during his Computex keynote, announcing new AI partnerships and a Taipei office expansion.
NVIDIA’s CEO praised DeepSeek’s R1 AI model as a transformative contribution to the industry, highlighting its efficiency and potential to accelerate inference capabilities.
Anduril, founded by Palmer Luckey, aims to disrupt General Atomics’ dominance in military drones by leveraging commercial off-the-shelf parts and agile development for the Air Force’s next-gen program.
Capital One’s acquisition of Discover Financial will merge two major credit card networks, potentially expanding rewards and payment options while raising antitrust scrutiny.
Google CEO Sundar Pichai argued that AI development is a collaborative opportunity rather than a zero-sum game, emphasizing open ecosystems and shared progress.
