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News
15Moderna Jumps 17% After Positive Results for Its mRNA Cancer Vaccine in Phase III
Moderna shares jumped 17% after positive Phase III trial results for its mRNA cancer vaccine, boosting sentiment in the biotechnology sector and raising questions about the rally's sustainability.
China Sentences Evergrande Founder Hui Ka Yan to Life Imprisonment
A Chinese court has sentenced Evergrande founder Hui Ka Yan to life imprisonment, concluding China's largest financial fraud case and closing a chapter on one of the country's most severe real estate crises.
Apple Launches Largest Stock Buyback Program Under Tim Cook
Apple announced the largest stock buyback program in its history under the leadership of Tim Cook, in a move that enhances the value of shareholder stakes and signals strong confidence in the company's financial future.
Andreessen Horowitz: Artificial Intelligence Gives Foreign Founders a Competitive Edge
Andreessen Horowitz investors believe that artificial intelligence gives foreign founders a real advantage, narrowing the historical gaps in access to resources that set Silicon Valley apart.
AI Accounting Startup Relate Raises $100 Million and Becomes a Unicorn in 48 Hours
Automated accounting startup Relate raised $100 million and transformed into a unicorn in 48 hours, an extraordinary leap that is reshaping the AI financial software sector.
Michael Polansky Trains AI Model on Live Human Skin
Michael Polansky is working on developing an artificial intelligence model trained on data from live human skin, in a project that combines biology and AI to understand skin and develop treatments for it.
Asian Venture Capital Hits $42.8 Billion in Q2 with DeepSeek at $50 Billion
Venture capital investments in Asia reached $42.8 billion in the second quarter, with DeepSeek raising $7.4 billion at a $50 billion valuation in China's largest funding round.
OpenAI Chief Revenue Officer Departs Ahead of IPO
OpenAI Chief Revenue Officer Denise Dresser has left the company ahead of its initial public offering, succeeded by Dali Rajic, amid a wave of executive departures worrying investors.
Google Brain Engineer Leaves Company After 26 Years to Found AI Startup
Google Brain engineer Jeff Dean announced his departure from the company after 26 years to found AI startup Discovery Loop alongside prominent colleagues, in the largest talent move in the sector in 2026.
Fireworks AI Raises $1.5B and Valued at $17.5B Amid Inference Infrastructure Boom
Fireworks AI raised $1.505 billion at a $17.5 billion valuation, signaling that AI inference infrastructure has become the primary driver of venture capital investments.
Georgia Tech Exceeds 200 Startup Teams in Entrepreneurship Record
Georgia Tech recorded a new record by surpassing 200 startup teams through the CREATE-X and Quadrant-i programs, marking the largest cohort in the history of the Startup Launch program since its founding.
PepsiCo and Frito-Lay Sue Major Sugar Refineries Over Alleged Price-Fixing Collusion
PepsiCo, Frito-Lay, and Quaker filed a federal lawsuit in Minnesota in July 2026, accusing major US sugar refineries of colluding on price-fixing and market allocation.
Leadership Transitions at Gainsight and Agility Robotics Signal Accelerating IPO Paths
Gainsight's founder steps down as CEO in favor of its COO, while Agility Robotics appoints a new CFO — both moves signal preparation for an IPO.
Amazon Reports First $200 Billion Quarter in Its History with 20% Growth and $20 Billion in Ads
In the second quarter of 2026, Amazon generated revenue exceeding $200 billion for the first time, growing by 20%, while advertising revenue jumped 26% to reach $19.8 billion.
Saudi Corporate News Roundup: Tasnee CEO Resigns, Acquisitions, and Strategic Partnerships
The roundup covers: The resignation of Tasnee CEO Fahad Al-Mushal, BinDawood's 51% acquisition of Wonder Bakery, and the Ma'aden-SABIC MoU, while PIF assets exceeded $1.15 trillion.