Suspected Kamikaze Drone Strikes Oil Plant in Russia’s Rostov Region
(FT) A drone attack, has hit an oil refinery in the Rostov region, southern Russia. Fragments of two drones were found at the refinery, which caused a fire that ranged…
eBay Broadens Digital Asset Portfolio With Acquisition of NFT Platform KnownOrigin
(eBay) E-commerce platform eBay has announced the acquisition of the nonfungible asset marketplace KnownOrigin. eBay says the acquisition is a step toward a tech-led reimagination that enables it to become…
Crypto.com Earns In-Principle License to Operate in Singapore
(ST) Singapore has granted an in-principle crypto payment services license to Crypto.com, paving the way for the digital asset exchange to offer domestic services. The licenses by the Monetary Authority…
Bankrupt Revlon Extends Gains to Almost 300% in 5 Days on Growing Retail Frenzy
(Bloomberg) Shares of Revlon rose 21% in premarket on Wednesday, extending gains after closing up 62% the previous day amid a social media-driven retail frenzy. In just five days, Revlon…
Tether Eyes UK Expansion With a Stablecoin Pegged to the Pound
(Tether) GBPT, a new stablecoin tied to the British pound by Tether, is set to be launched in early July. The new token will be available for trading on the…
Cobalt Prices Slide Faster in China. A Boost to the EV Sector?
(Bloomberg) Europe’s benchmark price for cobalt has fallen by more than 13%, while declines in China have been higher amid deteriorating demand. Shanghai, which was hit by lockdowns, is one…
Valneva Gains 83% As Pfizer Invests $95M for Its Lyme Disease Program
(Valneva) Shares of Valneva SE jumped more than 83% on Tuesday following news Pfizer will invest €90.5 million or $95 million in the company. Valneva said that the deal involved…
Elon Musk Outlines 3 Key Issues That Twitter Needs to Resolve Before Deal
(CNBC) Elon Musk’s Twitter acquisition remains uncertain after the billionaire cited “unresolved matters” before he could finalize the deal. The lingering issue of fake accounts is one that Musk has…
Kellogg Announces Plan to Split Into 3 Entities to Unlock Value, Shares Jump 6%
(Kellogg) Shares of Kellogg 6% in premarket on Tuesday after announcing plans to split into three independent public companies. The split will see Kellogg divide into iconic brands of snacking,…
JetBlue Submits an Improved $33.50 a Share Offer for Spirit Airlines
(JetBlue) JetBlue Airways has increased the offer for Spirit Airlines to $33.50 per share as it rivals Frontier in potential acquisition of the budget carrier. The new offer price is…
Crypto’s Relief Rally Fails to Excite Markets as Macro Factors Weigh
Bitcoin traded above $21.2K on Tuesday, leading a relief rally that saw most cryptocurrencies rise following weeks of bearish pressure. Solana's SOL traded up more than 7%, while the world's…
Revlon Jumps 70% on Reported Deal by Reliance Industries
(ET) Shares of Revlon Inc. rose more than 70% on Friday after reports emerged that Reliance Industries Ltd was considering making a bid. The reported offer by Reliance, which is…
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