AeroVironment shares skyrocketed 21% after the dronemaker easily blew past Wall Street’s fiscal fourth-quarter estimates, benefiting from U.S. plans to modernize the military and secure space. The Virginia-based defense company more than doubled revenue from a year ago to $642 million, while funded backlog jumped 65% to $1.2 billion. Revenue for autonomous systems totaled $492…
Indonesian investigators on Thursday named a former education minister and co-founder of Gojek, Nadiem Makarim, a suspect in a corruption case. Bloomberg | Bloomberg | Getty Images An Indonesian corruption court on Tuesday sentenced former Education Minister Nadiem Makarim, a co-founder of ride- hailing and payments giant Gojek, to 10 years in prison for corruption….
Millions of older Americans in Medicare are about to receive a benefit that has never existed before: coverage of obesity drugs. Starting Wednesday, eligible beneficiaries can get GLP-1s to treat obesity for a copay of just $50 per month. It’s a watershed move that could unlock a vast new patient population for Novo Nordisk and…
People walk along the Corniche area in Doha, Qatar, on June 29, 2026. United States and Iranian negotiators are scheduled to hold high-level talks in Doha, according to media reports. Nurphoto | Nurphoto | Getty Images Oil prices were slightly higher on Tuesday as energy market participants closely monitored the potential for fresh talks between…
Shares of French biotech company Abivax soared Tuesday after it released fresh data on its lead drug for bowel disease, clawing back heavy losses from earlier in the month when the same trial had investors questioning the drug’s future. Abivax stock was last trading up 34% at 111.7 euros. The move comes after it crashed…
Joachim Nagel, President of the Bundesbank, Germany’s central bank, speaks to members of the Foreign Journalists’ Association on April 23, 2024 in Berlin, Germany. Michele Tantussi | Getty Images Inflation is at risk of remaining above target despite the U.S. and Iran agreeing to end their war in the Middle East, a top European central…
Rafael Nadal interview with Tania Bryer for CNBC Meets. CNBC Rafael Nadal says he spent most of his tennis career living out of hotels. “That’s what I did during half of my life, and I know what I like the most,” he told CNBC. So opening his own felt natural. The 22-time Grand Slam winner, who…
A visitor holds a Labubu doll at Pop Mart International Ltd.’s “Monsters by Monsters: Now and Then” ten year anniversary exhibition in Shanghai, China, on Wednesday, Oct. 15, 2025. Qilai Shen | Bloomberg | Getty Images Short sellers are doubling down on Pop Mart International even as a recent share price recovery makes their bearish…
In this photo illustration, the Luxshare Precision company logo is seen displayed on a smartphone screen. Sopa Images | Lightrocket | Getty Images Apple supplier Luxshare Precision Industry plans to raise as much as $24.27 billion Hong Kong dollars ($3.1 billion) through a Hong Kong share sale, according to a stock exchange filing Tuesday. The…
The logo and lettering of online retailer Amazon can be seen on the façade of Amazon Germany’s headquarters. Sven Hoppe | Picture Alliance | Getty Images Australia’s competition regulator is taking Amazon‘s Australian unit to court, alleging that unfair terms in its Prime subscription contracts allowed the company to introduce advertising to its video streaming platform….
