Defense tech startup Covenant on Wednesday announced the opening of a 105,000-square-foot factory in Dallas to accelerate lower-cost missile manufacturing for the U.S. military. The startup, which is coming out of stealth and is backed by Andreessen Horowitz, Peter Thiel‘s Founders Fund, Lux, 8VC, Aleph and Lightspeed, also announced $250 million in funding over three…
American patients would ultimately bear the cost of President Donald Trump‘s threatened tariffs on generic drugs, the CEO of Swiss pharmaceutical company Sandoz told CNBC, warning that manufacturers could be forced to raise prices or stop supplying some medicines. “Patients pay the tariff,” Sandoz CEO Richard Saynor said in an interview with CNBC during its…
A Boeing 747 (top) belonging to the Iranian Mahan Air airline is photographed at Mehrabad Airport in western Tehran, Iran, on October 16, 2024. Morteza Nikoubazl | Nurphoto | Getty Images The Treasury Department on Tuesday sanctioned 27 Iranian airlines and a handful of other entities as part of its ongoing effort to isolate Iran’s…
US President Donald Trump speaks during a meeting with travel industry executives in the Oval Office of the White House in Washington, DC, on Sept. 2, 2026. Brendan Smialowski | AFP | Getty Images President Donald Trump posted a stream of AI-generated images and a series of sweeping and unverified claims on Truth Social on…
European Commission President Ursula von der Leyen (R), Greenland’s Prime Minister Jens-Frederik Nielsen (L) and Denmark’s Prime Minister Mette Frederiksen visit Qoornoq, an abandoned settlement on the island of Qaarusuup Nunaa, also called ‘Bear Island’, Greenland on September 6, 2026. Mads Claus Rasmussen | Afp | Getty Images European Commission President Ursula von der Leyen…
General view of Land Rover cars outside the Jaguar Land Rover factory on April 7, 2025 in Halewood, England. Richard Martin-roberts | Getty Images News | Getty Images Thousands of workers at Britain’s Jaguar Land Rover (JLR) will be offered voluntary redundancies as the luxury car manufacturer responds to intense competition from cheaper Chinese rivals,…
A person on a scooter leaves the entrance to the U.S. Securities and Exchange Commission headquarters building on May 26, 2026, in Washington, DC. J. David Ake | Getty Images The Securities and Exchange Commission sued Institutional Shareholder Services, seeking to force the influential proxy adviser to turn over information as the Trump administration steps…
US Energy Secretary Chris Wright testifies before a Senate Committee on Armed Services Committee hearing to examine the 2027 budget for the Department of Energy and National Nuclear Security Administration on Capitol Hill in Washington, DC, on May 13, 2026. Jim Watson | Afp | Getty Images U.S. Energy Secretary Chris Wright on Sunday said…
Signage is seen outside of the Commodity Futures Trading Commission headquarters in Washington, Aug. 30, 2020. Andrew Kelly | Reuters The White House has vetted candidates for the four open commissioner positions at the Commodity Futures Trading Commission, three people with knowledge of the matter told CNBC. When — or if — the White House…
The GM Defense Infantry Squad Vehicle was engineered to meet U.S. military specifications. It is based on the automaker’s off-road Chevrolet Colorado ZR2 midsize truck architecture. GM Defense DETROIT — General Motors and Ford Motor have rivaled each other for more than a century in racing, vehicle sales and many other automobile-related activities. But their…
