Airbus beats Boeing, Trump Media's lawsuit, Google's AI chips, Russia's rocket: Business news roundup
Russia launched a post-Cold War rocket for the first time from a remote launch site
The three-stage rocket has taken flight on three previous occasions, but its launch from the Vostochny Cosmodrome in the far eastern Amur region marks an important first, as Russia seeks to modernize its space program and keep pace with the rest of the world.
Nvidia is giving employees a 25% stock boost and calling it the ‘special Jensen grant’
Demand for Nvidia’s chips led the company to become the first chipmaker to hit a $2 trillion market cap, and now it’s reportedly rewarding staff with a stock boost.
Airbus just confirmed it will leave Boeing in the dust this year
French aircraft giant Airbus has delivered 142 planes to customers this years, nearly twice as many as its American rival Boeing, which is struggling with production amid heightened scrutiny after a door plug fell off one of its planes mid-flight in January. And at an investor meeting, Airbus confirmed that it will keep up that dominance for the rest of the year.
Google’s new chips look to challenge Nvidia, Microsoft and Amazon
Google said one of the few alternatives to Nvidia’s popular AI chips is now available to developers — and took a shot at Microsoft and Amazon, too.
The former CEO of the company that merged with Trump Media is suing over a ‘coup d’état’
The former CEO of Digital World Acquisition (DWAC), the blank check company that merged with Trump Media & Technology Group last month to take it public, is suing his replacement for allegedly hacking his files and staging an “audacious scheme to seize control” of the publicly traded company.
Janet Yellen says tariffs are on the table to stop a ‘China Shock’ as official urges U.S. not to ‘politicize’ trade
China is increasingly growing its influence and power in the green energy industry, leaving U.S. and European officials worried about being flooded by the country’s subsidized exports.
Elon Musk’s ‘self-inflicted wounds’ and other highlights from a newly released deposition
Elon Musk has never been one for restraint, whether it be announcing his latest potential Tesla and Neuralink plans or posting on X, formerly known as Twitter.
New data on Moderna’s cancer vaccine sends stock rising
Moderna stock jumped over 6% after the the company announced positive results for an experimental, personalized cancer vaccine in an early trial for patients living with a type of head and neck carcinoma.
Dow closes 400 points lower on surprising inflation data
The data left investors uncertain about whether the Federal Reserve will cut interest rates this year as hoped
Janet Yellen isn’t taking China tariffs off the table
U.S. officials are concerned about China’s surging clean energy exports, such as solar power and electric vehicles