Today - latest update 5:16 PM - Tuesday, November 3, 2026
Today's updates
Technology
- Updated 4:45 PM
AMD reported third quarter revenue of $13.38 billion, up 45 percent from a year earlier and above the $13.09 billion analysts expected, as data center sales nearly doubled and the segment reached 64 percent of total revenue.
Infrastructure
- Updated 4:45 PM
Jacobs will provide integrated program delivery services for American Electric Power's transmission portfolio, part of the utility's plan to invest $37 billion in transmission infrastructure over the next five years across seven states.
Politics
- Updated 4:04 PM
Spain's transport minister, Óscar Puente, announced his resignation in Congress on Tuesday, six days after the October 28 high speed train collision near Urda that killed at least 69 people.
Commodities
- Updated 3:42 PM
Houthi fighters have carried out small-scale cross-border ground raids into Saudi Arabia in recent months, targeting border posts in the kingdom's southwest, Middle East Eye reported, citing a Western and an Arab official.
Rates
- Updated 3:16 PM
The Banco Central do Brasil has put a draft joint resolution on the distribution of financial funding products out to public consultation, requiring distributors to act in the client's best interest and banning sales quotas for specific products.
Rates
- Updated 2:58 PM
This morning we published a preview of a Federal Reserve policy decision at 2:00 PM today. No meeting of the Federal Open Market Committee was scheduled for today and no decision was taken; we have withdrawn the preview.
Life Sciences
- Updated 2:49 PM
Servier said sevasemten, the Becker muscular dystrophy drug it acquired from Edgewise Therapeutics for $1.55 billion upfront in a deal announced in June, failed its pivotal GRAND CANYON trial, missing the primary endpoint and all secondary endpoints.
Rates
- Updated 2:15 PM
The IMF and Jordan have reached a staff-level agreement on the sixth review of the country's Extended Fund Facility and the third review of its Resilience and Sustainability Facility arrangement, which would make about 294 million dollars available on board approval.
Rates
- Updated 2:15 PM
Meta Platforms is aiming to raise between 20 billion and 25 billion dollars in Tuesday's senior notes sale, according to people familiar with the matter cited by CNBC, after filing a five tranche preliminary prospectus supplement in the morning with amounts left blank pending pricing.
Rates
- Updated 1:42 PM
The US Treasury will run a liquidity support buyback of nominal coupons in the 10 year to 20 year bucket on November 4, with a maximum purchase amount of $6 billion and settlement on November 5.
Infrastructure
- Updated 1:11 PM
California Resources Corporation and Bloom Energy have signed a non-binding memorandum of understanding to evaluate developing 1 gigawatt or more of fuel cell generation in California, with data centres among the targeted buyers.
Technology
- Updated 1:11 PM
CrowdStrike said on Tuesday it will acquire Fiddler AI, which makes observability software for monitoring AI agents, and Dreadnode, which automates security testing of AI models, for a combined total of about $495 million.
Politics
- Updated 12:45 PM
Greenland's parliament voted 16 to 0, with seven abstentions, on Tuesday to approve the trilateral security agreement with Denmark and the United States that was signed in September.
Politics
- Updated 12:45 PM
Senegal's National Assembly rejected the government's revised 2026 budget on Tuesday by 109 votes to 20, a procedural vote that ends examination of the bill and puts a planned $2.2 billion IMF programme at risk.
Politics
- Updated 12:14 PM
The death toll from Monday's Russian bombing of an aid distribution centre in Komyshuvakha, in Ukraine's southern Zaporizhzhia region, rose to at least 33 on Tuesday, with more than 50 people possibly trapped under the rubble, and the BBC put the civilian toll from Russian strikes across Ukraine over 24 hours at at least 38.
Infrastructure
- Updated 12:14 PM
A consortium led by US billionaire Todd Boehly is preparing a cashless securities swap for Lukoil's overseas assets, a portfolio of oilfields, refineries and petrol stations in Europe, the Middle East and Africa initially valued at $22 billion, according to people close to the sale process cited by Reuters.
Commodities
- Updated 12:14 PM
Hapag-Lloyd and Ocean Network Express are warning customers that most cargo aboard the Espirito Santo Express is likely severely damaged or a total loss, more than two weeks after fire broke out on the 11,800-TEU containership in the South Atlantic.
Infrastructure
- Updated 11:44 AM
TerraVolt has acquired 1,077 acres in Cassia County, Idaho, for a master planned data centre campus built around 240 megawatts of on site gas generation, with a firm supply agreement for 55,000 MMBtu of gas a day.
Technology
- Updated 11:44 AM
Binance said on Tuesday that hackers reached the system holding most of its user assets by posing as recruiters to an engineer, using deepfake interviews and a malware laden assignment, as its second withdrawal phase restored more assets and deposits again exceeded outflows.
Technology
- Updated 10:43 AM
Fermi said its data centre lease with TensorWave did not close by its October 31 deadline, and neither company has exercised its termination rights under the agreement.
Rates
- Updated 10:43 AM
US job openings were little changed at 7.5 million in September, a rate of 4.5 percent, the Bureau of Labor Statistics said, while quits rose to 3.4 million and layoffs were little changed at 1.6 million.
Commodities
- Updated 10:11 AM
Global crude oil refinery inputs fell by 4.8 million barrels per day, or 6 percent, in the second quarter of 2026 after the Middle East conflict began, the US Energy Information Administration said, before recovering by 1.8 million barrels per day in the third quarter.
Commodities
- Updated 10:11 AM
Norway has detained the Chinese-owned heavy-lift vessel Ya Qing Hai Yang, sanctioned for delivering equipment to Russia's Arctic LNG 2 project, after inspectors found it had no valid flag registration or required certificates.
Mining
- Updated 9:45 AM
ACG Metals has agreed to acquire Blue Moon Metals' Norwegian business, including a 94.52 percent stake in the Nussir copper project, in an all-share deal valued at $220 million.
Rates
- Updated 9:45 AM
Perpetual futures on individual US stocks can now trade on regulated US exchanges for the first time, after the contracts were deemed approved as security futures products, CFTC Chairman Michael Selig said on November 3.
Politics
- Updated 9:23 AM
President Trump said on Tuesday that US aid to Israel, about $4 billion a year, will be cut off at the end of this year under an agreement he said he reached with Prime Minister Benjamin Netanyahu months ago.
Infrastructure
- Updated 9:22 AM
Eaton reported record third quarter sales of $8.9 billion, up 28 percent, with adjusted earnings per share of $3.68, and raised its full year organic growth guidance to 13 to 15 percent.
Infrastructure
- Updated 9:21 AM
CVR Energy has agreed to acquire Marathon Petroleum's St. Paul Park and Mandan refineries and related marketing business for a $4.2 billion purchase price, and reported the best quarter in its history alongside the deal.
Politics
- Updated 9:21 AM
Russia confirmed on Tuesday that US mediated talks with Ukraine will go ahead in Abu Dhabi on November 10 and 11, with Vladimir Medinsky as Moscow's chief negotiator, and First Lady Melania Trump will host Russian and Ukrainian representatives at the White House on Thursday over a local ceasefire in Kherson.
Rates
- Updated 9:05 AM
Equinix's European financing subsidiary filed a preliminary prospectus supplement on Tuesday for a four tranche euro denominated senior notes offering, guaranteed by Equinix, Inc. and tied to eligible green projects.
Technology
- Updated 8:53 AM
Anthropic expects more than 3.5 gigawatts of computing capacity by the end of 2026 and aims to double that to about seven gigawatts next year, the New York Times reported.
Infrastructure
- Updated 8:53 AM
India signed a $5.7 billion contract on Monday for eight next-generation corvettes, the first warships designed by the Indian Navy and built in domestic state-owned shipyards.
Politics
- Updated 8:53 AM
Qatar said on Tuesday there was still hope for a US-Iran deal, with mediators exchanging proposals in real time, hours after US forces struck Iran's Qeshm Island in the Strait of Hormuz late on Monday.
Commodities
- Updated 8:13 AM
Attacks on merchant ships in the Black Sea have more than quadrupled, with 317 vessels hit between May and October and a Greek container ship sunk by naval drones in Bulgaria's exclusive economic zone last week, according to Reuters reporting on shipping security data.
Life Sciences
- Updated 7:42 AM
Pfizer reported third quarter revenue of 16.58 billion dollars and adjusted earnings of 0.87 dollars a share, both ahead of analyst expectations, and raised its full year 2026 revenue guidance to 62 billion to 64 billion dollars.
Politics
- Updated 7:21 AM
Three passenger flights were inspected after bomb threats in Poland and Spain, two at Warsaw airports and one at Murcia, in the latest in a run of threats against flights from British airports.
Technology
- Updated 7:07 AM
Virgin Media O2 has confirmed a plan to save about 800 million pounds a year by 2029, with about 300 million pounds from job cuts that reduce its wage bill by 30 percent, alongside third quarter results showing service revenue down 3.5 percent.
Rates
- Updated 7:07 AM
TreasuryDirect set the composite rate on Series I savings bonds issued from November 1, 2026 to April 30, 2027 at 5.51 percent, including a fixed rate of 1.40 percent.
Commodities
- Updated 6:41 AM
Shell has agreed to sell its 16.67 percent non-operated interest in Australia's North West Shelf LNG project to the United Arab Emirates' XRG for a base consideration of 1.45 billion dollars, ending a 40 year involvement in the Woodside operated project.
Infrastructure
- Updated 6:15 AM
The European Commission has conditionally approved JD.com's takeover of Ceconomy, the German owner of MediaMarkt and Saturn, under the Foreign Subsidies Regulation, and Ceconomy says all closing conditions for the offer are now satisfied.
Politics
- Updated 6:15 AM
A shallow earthquake struck near Chaparral in Colombia's Tolima department at 4:13 a.m. local time on Tuesday, with the Colombian Geological Survey putting its preliminary magnitude at 5.6, shaking felt in Bogotá, Cali and Medellín, and no major damage reported so far.
Politics
- Updated 6:15 AM
Oil rose more than a dollar a barrel on Tuesday and a senior Iranian official said the two countries were far from a deal to end the war, a day after US defensive strikes on Iran's Qeshm Island and as Tehran said it had sent Washington a strong and rational response.
Infrastructure
- Updated 5:43 AM
Drax has signed an agreement with Brookfield and its AI infrastructure platform Radiant to develop a data centre of more than 1 gigawatt at the Drax Power Station estate in North Yorkshire, with Brookfield estimating total investment could exceed 20 billion pounds.
Politics
- Updated 5:43 AM
A Russian strike hit a city clinical hospital in Kharkiv overnight, injuring at least 73 people, as a large attack on energy facilities across nine Ukrainian regions left more than 180,000 people without power in the Zhytomyr region on Tuesday morning.
Commodities
- Updated 5:12 AM
Saudi Aramco reported third quarter adjusted net income of 31.2 billion dollars, up from 28.6 billion a year earlier and above the 28.7 billion dollar analyst consensus compiled by Bloomberg, as higher oil prices and record refining margins offset attacks on its infrastructure.
Life Sciences
- Updated 5:12 AM
Merck KGaA has signed a definitive agreement to sell its contract development and manufacturing business to Lonza for a mid-triple-digit million-euro amount, in a transaction expected to close in mid-2027.
Rates
- Updated 4:44 AM
Hong Kong's economy grew 5.2 percent year on year in the third quarter of 2026, according to advance estimates from the Census and Statistics Department, well above the 3.6 percent mean forecast in a Reuters poll of economists and faster than the revised 4.2 percent recorded in the second quarter.
Rates
- Updated 4:11 AM
The South African Reserve Bank has moved the final publication of Jibar, the Johannesburg interbank benchmark, from 31 December 2026 to 31 May 2027, a five month extension granted because the legislation needed to move tough legacy contracts may not be in place in time.
Commodities
- Updated 1:42 AM
The IEA's Global Gas Security Review 2026 says EU gas storage is entering the 2026-27 heating season at its lowest level since 2013, and that the refill needed through summer 2027 could extend global market tightness well into next year.
Rates
- Updated 1:11 AM
The People's Bank of China ran a 100 billion yuan swap facility operation on November 3, its first of 2026, a day after regulators made the companion stock buyback relending facility permanent and cut its rate to 1 percent.
What matters today
Mining
Congo's justice minister has ordered judicial investigations into mining fraud, illegal mining and mineral smuggling in Lualaba and Haut-Katanga after a joint task force seized several thousand tonnes of copper and cobalt and more than 500 trucks and pieces of equipment.
Why it matters: Congo is the world's largest cobalt producer and second largest copper producer, and a fraud probe reaching into industrial concessions held by CMOC, Glencore, Ivanhoe and Zijin raises the jurisdiction risk on a large share of global battery metal supply.
Technology
Amazon, Microsoft, Alphabet and Oracle have disclosed more than 131 billion dollars of debt and equity funding plans in the past week, with Oracle's 20 billion dollar stock and notes offering on November 2 the newest piece.
Why it matters: The AI buildout is now financed in the capital markets at a scale that rivals sovereign issuance weeks, and the cost and reception of these deals has become the market's live test of whether the spending wave is durable.
Rates
The US Treasury expects to borrow $618 billion in privately held net marketable debt in the October to December quarter, $10 billion less than its August estimate, and $800 billion in January to March 2027.
Why it matters: The headline cut is a cash balance effect rather than a smaller financing need, and Wednesday's refunding statement will show whether the Treasury spreads this supply across the curve or starts cutting long end auction sizes.
Commodities
United States LNG exports reached their second highest monthly level on record in October, with shipments to Europe rising by 1 million tonnes to 6.89 million tonnes, according to LSEG data cited by Reuters.
Why it matters: Europe is pulling Atlantic cargoes at prices above 100 euros per megawatt hour for the first time in four years, which tightens the flexible supply available to Asia heading into winter.
Life Sciences
Vertex reported third quarter revenue of 3.44 billion dollars, up 12 percent year on year, and raised full year 2026 revenue guidance to 13.15 billion to 13.25 billion dollars.
Why it matters: Growth is broadening beyond cystic fibrosis, with Casgevy, Journavx and the newly acquired Palsonify adding revenue, but acquisition and launch costs held adjusted profit flat, so the diversification is being bought rather than earned yet.
Politics
Americans are voting on Tuesday, November 3 in midterm elections for all 435 House seats, 35 Senate seats and 36 governorships, with Republicans defending a 53 to 47 Senate majority and a House majority at the 218 seat mark.
Why it matters: Democrats need a net gain of three House seats and four Senate seats to control Congress for the final two years of President Trump's second term, and the result will be settled by a handful of Senate races in Texas, Ohio, Michigan, Alaska and Iowa.
Markets today - Tuesday, November 3, 2026 - Updated 2:58 PM
Tanker freight fell 7.59 percent by midday and semiconductors rebounded 3.08 percent, as chips partly reversed the AI selloff while shipping, base metals and miners kept falling ahead of tonight's midterm results.
Tanker freight fell 7.59 percent to 843.31 dollars, the largest move in the midday tables. No story in today’s reporting explains the fall, and it is recorded here without a cause.
Semiconductors rose 3.08 percent and Nvidia rose 3.08 percent to 208.29 dollars, partly reversing the selloff that dominated the morning edition. Today’s reporting explains the earlier leg, not this rebound: the copper and tin story tied the morning weakness to a renewed selloff in Asian technology stocks and doubts about AI spending (see today’s copper and tin story). No story published today explains the midday reversal itself.
Broadcom rose 3.25 percent to 332.70 dollars. The only Broadcom story published today is the EU General Court ruling that CISPE can keep confidential the names behind its VMware merger challenge, which does not explain the share move (see today’s Broadcom and VMware story).
Meta rose 2.72 percent to 623.22 dollars. Today’s Meta reporting is its five tranche senior notes offering, filed Tuesday with amounts and coupons still blank pending pricing, part of the wider hyperscaler financing wave for the AI buildout (see today’s Meta notes offering story and today’s hyperscalers financing story). Neither story explains the share rise itself.
Copper fell 2.28 percent to 6.39 dollars a pound. This move is explained in today’s reporting: copper and tin fell as the AI selloff weakened the demand outlook for data centre and circuit board metals, while the physical market stayed tight, with Chinese import premiums near record levels (see today’s copper and tin story).
Apple fell 2.10 percent to 331.23 dollars. Today’s Apple reporting centred on its balance sheet rather than demand: inventory rose 154.3 percent from a year earlier to 14.54 billion dollars as the company stockpiled memory against rising prices and guided margins down (see today’s Apple inventory story).
BHP fell 2.00 percent to 78.47 dollars, in line with the wider mining tape. Today’s mining reporting put the sector’s losses at 712 billion dollars since the February peak, with fund de-risking through September and October as higher United States rate expectations and the technology rout spread (see today’s mining top 50 story).
The cross-market read is split rather than risk-on. Chips rebounded, but miners, base metals and freight kept falling, and yields rose into the afternoon events: the 10 year Treasury yield rose 6.4 basis points to 4.96 percent and the 5 year rose 6.0 basis points to 4.75 percent in the midday tables, with bond investors already paused ahead of the midterms, Wednesday’s refunding announcement and the November 10 inflation report (see today’s bond investors story). The midterm results tonight will test both halves of that split.
Commodities
Copper fell 1.2 percent to 14,180 dollars a tonne and tin fell 2.2 percent to 48,550 dollars a tonne on Tuesday as a renewed selloff in Asian technology stocks weakened the demand outlook for data centre and circuit board metals.
The world's biggest miners have lost 712 billion dollars in market value since the start of the Iran war, Canada's 2025 field crop production rose 11 percent to 109.3 million tonnes, and Dutch potato and onion harvests came in well below last year's records.
China's soybean oil inventories surged to a record as elevated crushing rates boosted supply while edible oil consumption stayed sluggish, Bloomberg reported on Tuesday.
Central banks bought a net 321 tonnes of gold in the third quarter of 2026, up 42 percent from a year earlier and the largest quarterly total since the end of 2024, the World Gold Council said on Tuesday.
Orders for alternative fuelled vessels are running 57 percent ahead of last year, with 364 ships ordered so far in 2026 and LNG accounting for 230 of them, classification society DNV said.
Mining
The world's 50 most valuable mining companies have lost $712 billion, or 26 percent, from their $2.75 trillion record at the end of February, with $490 billion of that gone in September and October alone.
West Red Lake Gold has signed a binding term sheet with Gunvor USA for a credit facility of up to $95 million to refinance its Nebari debt at a lower margin, a week after cutting Madsen's 2026 production guidance by about a quarter to 27,000 to 32,000 ounces.
Nouveau Monde Graphite has obtained mining lease No. 1057 from Quebec's Ministry of Natural Resources and Forests for its Matawinie graphite mine, the right to mine a deposit planned at up to 106,000 tonnes a year.
MMG and Anglo American have extended the long-stop date for MMG's acquisition of Anglo's Brazilian nickel business to December 31 from October 31, with the European Commission's Phase II merger review, due by December 21, now the only condition left.
St Barbara restarts ore processing at Touquoy in Nova Scotia today under provincial approval, Merafe's ferrochrome output reaches 61,000 tonnes year to date, and Mozambique approves a 20 year extension for Kenmare's operations.
Major Drilling has acquired Western Australia's Bunbury Drilling Company for A$50 million upfront plus up to A$20 million in earn-outs, buying a mine dewatering business that generated about A$43 million of revenue and A$15 million of adjusted EBITDA in the year to June 30.
Infrastructure
TERAWULF INC 2.75% Notes due 2030, CUSIP 88080TAB0, printed at 169.5672 at 15:32:17 ET on 2026-11-03, up from a previous print of 159.0487.
APPLIED BLOCKCHAIN INC 2.75% Notes due 2030, CUSIP 038169AB4, printed at 199.6 at 14:58:01 ET on 2026-11-03, down from a previous print of 202.202 and 198.55 points below its latest fund mark.
TERAWULF INC 1% Notes due 2031, CUSIP 88080TAC8, printed at 123.0614 at 14:08:01 ET on 2026-11-03, up from a previous print of 113.042.
AMETEK reported record third quarter sales of 2.22 billion dollars, up 17 percent, with adjusted earnings of 2.21 dollars per diluted share, and raised its full year earnings guidance.
Scatec has signed $217 million of non recourse loans from the EBRD, the African Development Bank and the European Investment Bank for the first phase of its Dandara solar and storage project in Egypt, and construction has started.
Sunergise has agreed to acquire Infratec from WEL Networks, combining commercial and utility scale solar and storage delivery in New Zealand and the Pacific, in a day of smaller capital moves across solar, fusion and LNG.
Igneo Infrastructure Partners has closed the fourth vintage of its European Diversified Infrastructure Strategy at its 6 billion euro hard cap, six months after first close and 50 percent above its 4 billion euro target.
Group14 Technologies has closed a 150 million euro (about $169 million) Series D extension to fund global manufacturing expansion, including a 10 gigawatt hour silicon battery materials plant at Sagunto in Spain.
The United States Navy has awarded Fluor Marine Propulsion a $2.41 billion cost plus fixed fee contract modification for nuclear propulsion work at the Naval Nuclear Laboratory.
Exelon says its utilities could spend $3 billion to $7 billion building 1.5 to 3.5 gigawatts of regulated energy storage, on top of a $1 billion, 500 megawatt project already proposed in New Jersey.
Coal India is preparing to launch the initial public offering of Mahanadi Coalfields as early as this month, in a sale reported to raise as much as $1 billion and value the subsidiary at as much as $10 billion.
Arevon Energy has secured a $120 million tax equity commitment from Wells Fargo for its 124 megawatt Big Muddy Solar project in Jackson County, Illinois.
Politics
WHO Director-General Tedros Adhanom Ghebreyesus warned on Monday that violence in northern Ethiopia is pushing a fragile health system closer to collapse, after drone strikes on a displacement camp in Amhara killed at least 15 people including children.
UNESCO's biennial report found 189 journalists and media workers were killed in 2024 and 2025, up 20 percent on the previous period, with the share of killings left unpunished rising to 86 percent, the first increase since measurement began in 2012.
Limpopo police arrested two men on Monday for removing election posters and for assault and intimidation after a party supporter's T-shirt was burned, and arrested a 32 year old voter on Tuesday for photographing his marked ballot during special voting.
Smaller political developments for Tuesday, November 3: the Justice Department faces a difficult Alaska election appeal, a judge dismissed charges against former FBI officials, and Libya's parliament backed a new central bank chief.
The final 1News Verian poll put New Zealand's ruling National Party at 30 percent and Labour at 29 percent four days before Saturday's general election, leaving the centrist Opportunity Party, at 6 percent, as the support either bloc would need to govern.
The European Commission presented guidelines on Tuesday to help people meet their essential needs during the first 72 hours of a crisis and proposed an annual EU Preparedness Day every October 23 starting in 2027.
The Ninth Circuit voted 2 to 1 late on Monday to pause a district court order that barred the Trump administration from demanding officials set aside ballots from suspected noncitizens or threatening election workers with prosecution.
Rates
Paraguay's central bank voted unanimously on November 2 to put ueno bank into resolution after its solvency ratio fell below 50 percent of the required minimum, closing the lender's app, cards and services, and central bank president Carlos Carvallo resigned.
The Bank of England has approved a link between HSBC and LSEG's digital securities depositories for DIGIT, the UK's first digitally native government bond, and the six lead banks have been given their specific roles for the pilot issuance expected by the first quarter of 2027.
Swiss consumer prices rose 0.2 percent in October from September, leaving annual inflation at 1.5 percent, the Federal Statistical Office said on Tuesday.
Overnight stays in Spain's non-hotel tourist accommodation fell 1.5 percent year on year in September, UK regulators opened a consultation on credit union reform, and Ghanaian analyst Theo Acheampong projected Ghana's inflation staying below 10 percent for the next three to four years.
Bank of Canada Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers appear before the House of Commons Standing Committee on Finance from 11:00 AM to 1:00 PM Eastern today to discuss the bank's recent policy announcement and Monetary Policy Report.
Libya's eastern based House of Representatives voted on Monday to appoint Fawzi Abu Khazam governor of the Central Bank of Libya and to accept the resignation of Naji Issa, with 78 of the 90 lawmakers present voting in favour.
Large US bond investors are stepping back from fresh trades ahead of Tuesday's midterm elections, Wednesday's Treasury refunding announcement and the November 10 inflation report, the Financial Times reported, with PGIM's Greg Peters calling it a pause moment after a big rally in Treasuries.
The Bank of England is expected to raise Bank Rate to 4.0 percent from 3.75 percent on Thursday, its first increase since August 2023, as energy driven inflation pressures the Monetary Policy Committee.
Technology
Ferrari reported third quarter net revenues of 1,896 million euros, up 7 percent, and raised its full year 2026 guidance for revenue, profit and free cash flow.
Gartner says open weight models can handle 90 percent of agentic workflow steps at a fraction of frontier model cost, Raspberry Pi raised prices again on memory costs, and Qualcomm detailed its AI inference data centre push.
The New York Times sued browser maker Brave in federal court in Manhattan on Monday, alleging it scraped copyrighted content and distributed it to AI customers including Anthropic, Perplexity, Mistral, xAI and Cohere, with a parallel suit from the Daily News, Chicago Tribune and Orlando Sentinel.
South Korean AI chipmaker FuriosaAI has completed a 620 million dollar Series D round at a post-money valuation of approximately 2.9 billion dollars, led by South Korea's National Growth Fund with 280 million dollars.
Digital Realty reported quarterly revenue of 1.9 billion dollars, up 21 percent year over year, with total leasing of 855 million dollars and a record backlog of 2.5 billion dollars.
The EU General Court has ruled that cloud association CISPE can keep confidential the identities of members backing its challenge to the European Commission's unconditional approval of Broadcom's VMware acquisition.
Apple's inventory rose to 14.54 billion dollars in its September quarter, up 31.1 percent from the June quarter and 154.3 percent from 5.72 billion dollars a year earlier, as the company stockpiled memory against rising prices.
Anthropic's Australian subsidiary has entered lease documentation with Australian Data Centres for the first stage of a proposed hyperscale campus in Queensland's Western Downs, according to majority owner Dexus's September quarter update to the ASX.
Israeli startup 42AI has emerged from stealth with 62.5 million dollars in seed funding for a behavioural world model it says can estimate the probability of individual decisions, deployed first at financial brokerages.
Life Sciences
AstraZeneca detailed a 1.5 billion dollar annual cost savings programme alongside its third quarter results, while Alnylam shares fell more than 20 percent on Amvuttra reimbursement headwinds despite in line sales.
Fresenius has taken exclusive option rights on up to 37 biosimilar candidates from WuXi Biologics, a deal that could lift its portfolio from 29 molecules to as many as 66 over the next decade.
The FDA has placed a partial clinical hold on Bright Minds Biosciences' planned Phase 2 trial of BMB-101 in developmental and epileptic encephalopathies, citing toxicity in mice and insufficient data to support enrolling children.
CinRx Pharma and Graviton BioScience have formed a jointly governed company, CinRock Pharma, to develop two ROCK2 inhibitor candidates for pulmonary arterial hypertension and heart failure with preserved ejection fraction.
Brise Pharmaceuticals has disclosed the terms of its 2024 licence with AbbVie covering two preclinical migraine programmes, worth up to 757 million dollars in milestones plus royalties.
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