AstraZeneca’s Heart Drug Trial Miss Rattles Investor Confidence, Shares Tumble
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AstraZeneca’s Heart Drug Trial Miss Rattles Investor Confidence, Shares Tumble

AstraZeneca’s experimental heart disease drug, Wainua, has failed to meet its primary objective in a late-stage clinical trial, leading to a significant drop in the…
PepsiCo Faces North American Slump as Inflationary Pressures Curb Consumer Spending
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PepsiCo Faces North American Slump as Inflationary Pressures Curb Consumer Spending

PepsiCo has reported a mixed set of quarterly financial results, highlighting a growing divide between robust international demand and a cooling North American market. While the company managed to surpass revenue expectations with $24.18 billion in net sales—a 6.4% increase year-over-year—the performance of its domestic food and beverage divisions fell short of internal projections. CEO […]
Meta Accelerates AI Ambitions with September Launch of Custom ‘Iris’ Silicon
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Meta Accelerates AI Ambitions with September Launch of Custom ‘Iris’ Silicon

Meta Platforms is set to transition its custom-designed artificial intelligence chip, code-named “Iris,” into active production this September. The move is a cornerstone of the social media giant’s aggressive strategy to scale its computing infrastructure, targeting a massive capacity of 14 gigawatts by 2027. Developed as part of the Meta Training and Inference Accelerator (MTIA) […]
Goldman Sachs Secures Landmark $70 Billion Retirement Asset Mandates from Verizon and Lockheed Martin
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Goldman Sachs Secures Landmark $70 Billion Retirement Asset Mandates from Verizon and Lockheed Martin

Global financial powerhouse Goldman Sachs has significantly expanded its asset management portfolio, securing substantial deals with telecommunications giant Verizon Communications and defense contractor Lockheed Martin. These new mandates collectively amount to $70 billion in retirement assets, marking one of the largest recent announcements in the rapidly growing market for outsourced corporate investing. The comprehensive agreements […]