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Why is Crinetics Pharmaceuticals stock surging today? Source link

Alibaba will ban employees from using Anthropic’s artificial intelligence tools for work purposes as of July 10, citing concerns that the U.S. company has back-door security risks, CNBC confirmed on Monday. The Chinese e-commerce giant has put Anthropic’s Claude Code on a high-risk software list, according to people familiar with the matter, who asked not to be named in order to discuss internal operations.Alibaba’s move follows Anthropic’s decision in June to send a letter to the U.S. Senate Committee on Banking, Housing, and Urban Affairs, blaming the Chinese tech titan of “brazenly” and “illicitly” attempting to extract its AI capabilities.…

Norris, who confirmed reports Ahmed was released wearing a GPS electronically monitored tag, said having arrived in the UK before 1971 he was exempt under immigration legislation introduced in 1973 to protect citizens in the UK “most notably the Windrush generation”.He added foreign nationals are usually deported for committing the kind of “heinous” crime like Ahmed’s and the fact his has not been possible so far was “unacceptable”.Norris said “I can assure the house we have not given up and will not,” adding the nature of the offending demands we examine all options” and this included looking at possible amendment…

Graham Platner, Democratic US Senate candidate for Maine, during a primary election night event at the Blue Hill YMCA in Blue Hill, Maine, US, on Tuesday, June 9, 2026. Graeme Sloan | Bloomberg | Getty ImagesDemocratic Maine Senate candidate Graham Platner on Monday said he’s taking “time to reflect” on his campaign’s path forward after a woman accused him of sexually assaulting her in 2021. Platner and his campaign denied the accusations made by 41-year-old Maine resident Jenny Racicot in a Politico article published Monday. Politico reported that she accused Platner of sexual assault. Platner is a Marine veteran and…

Strategy Inc. distressed-debt holders discuss swap deal – Bloomberg Source link

Last month, Xbox executives laid out some “hard truths” about Microsoft’s struggling gaming division that they said would require a difficult “Xbox reset.” This morning, Microsoft revealed the brutal shape of that “reset,” announcing plans for 3,200 layoffs and the divestment of five smaller studios that the company has spent years acquiring and shepherding. Half of those 3,200 layoffs are effective today, new Xbox CEO Asha Sharma wrote, while the other half will come by the end of Microsoft’s 2027 fiscal year (which runs through June 30, 2027). CNBC cites “a person familiar with the matter” in reporting that these…

The Treasury has refused to see defence spending as an engine for growth, former defence secretary John Healey has told the BBC.Healey quit his cabinet role after a battle over a long-delayed military spending plan, which proved to be one of the final blows for Sir Keir Starmer’s leadership.A slightly-increased Defence Investment Plan (DIP) of £15bn was unveiled last week – but £4.7bn will need to be found in the next budget.Speaking to Nick Robinson’s Political Thinking podcast, Healey blamed the Treasury for refusing to allow higher defence spending, adding he believed it was in denial about the UK’s commitments…

SpaceX bulls are proving a devout lot, not unlike the Tesla traders that came before them.Daily options flows still lean heavily bullish almost a month into trading and one day ahead of the stock’s accelerated inclusion into the Nasdaq 100, the index behind the roughly $500-billion Invesco QQQ fund, of which Elon Musk’s new giant will garner a roughly 1% weighting.About half-a-million SpaceX options traded by midday Monday, a little below the average since inception, but still enough to be the fifth-most popular stock for options trading. More than 300,000 calls traded, compared to less than 130,000 puts, with almost…

International Business Machines — The tech giant’s shares jumped more than 3% on the back of a price target increase from Bank of America. The firm bumped its price target to $330 from $315, noting “we anticipate IBM raises F26 guidance modestly.” O’Reilly Automotive — Shares of the auto-parts retailer lost more than 7%. Late last week, Bloomberg reported , citing people familiar, that O’Reilly is making a cash bid for Genuine Parts’ auto-parts business. D.A. Davidson said Monday that such a deal would be “accretive” for O’Reilly and reiterated its buy rating and $114 price target. Teradyne , Advanced…

Why is Thyssenkrupp stock surging today? Source link