Tech companies are optimistic about going public this year, thanks to the new presidential administration’s promise to ease regulations on industries like crypto and AI. Several fintech companies have already filed for an IPO in 2024 or earlier. In a chronological list compiled by TechCrunch, these companies plan to go public or have already confidentially … Read more
The 2024 IPO class has seen strong performance, with over 85% of these IPOs pricing within or above their initial marketing price ranges. This comes after a rise of over 20% in the value of IPOs from issuance to year-end, with larger IPOs showing an aftermarket performance of nearly 30%. The growth in investor demand … Read more
Vertex Pharmaceuticals is on the cusp of capturing $10 billion in sales of non-opioid painkillers, thanks to a recent approval by the FDA for its new pain treatment, Journavx. The drug, previously known as suzetrigine, has been approved for moderate-to-severe acute pain caused by surgery, accidents, or injuries. According to analysts, Journavx is expected to … Read more
A 64-year-old man was critically injured when the tug vehicle he was driving collided with an airplane wing at Chicago O’Hare International Airport on Saturday evening. The incident occurred while the tug attempted to cross a busy taxiway, resulting in the driver being pinned underneath it after a flipover. Despite initial critical condition, the driver … Read more
US President Donald Trump has sparked a backlash with his proposal to relocate hundreds of thousands of Gazan refugees to other nations, including Jordan, Egypt, Albania, and Indonesia. Trump made the suggestion in a press conference on Air Force One, citing concerns over the humanitarian crisis in Gaza. He estimated that around 1.5 million people … Read more
Hamas has released a U.S. citizen held hostage in exchange for prisoners. Keith Siegel, an American, was freed as part of the fourth round of hostages-for-prisoners exchanges under the Gaza ceasefire with Israel. The deal also allowed the Rafah crossing to Egypt to reopen for the first time in eight months, facilitating medical evacuations for … Read more
Whistleblower Edward Snowden has criticized Nvidia’s new RTX 50-series graphics cards, calling the $1,000 RTX 5080 a “monopolistic crime against the consumer”. In a Twitter post, Snowden expressed disappointment with the GPU, citing its limited VRAM and high price. He believes that this move is anti-competitive and unfair to consumers. Snowden’s criticism comes as Nvidia … Read more
Protesters in Novi Sad, Serbia’s second city, blocked three bridges on the Danube River on Saturday to express their discontent over a deadly train disaster that killed 15 people last November. The protests are the latest in a series of demonstrations against corruption within President Aleksandar Vucic’s government and mismanagement. The disaster at a railway … Read more
A massive bet by hedge funds on a stock market crash is raising alarms among 401(k) holders, pension fund investors, and everyday Americans. With the US economy expected to crumble under President Donald Trump’s leadership, these wealthy investors are placing enormous bets against Wall Street stocks. According to data from Goldman Sachs, hedge funds have … Read more
US President Donald Trump has threatened to impose tariffs of up to 100% on chips made in Taiwan, which could deal a fresh blow to Nvidia and other tech firms reliant on the island nation’s TSMC for chip production. Nvidia shares plummeted by 17% on Monday after China’s DeepSeek released an AI model that rivals … Read more