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Senator Elizabeth Warren, a Democrat from Massachusetts, speaks to members of the media in the Senate Subway at the US Capitol in Washington, DC, US, on Tuesday, May 19, 2026. Al Drago | Bloomberg | Getty ImagesSen. Elizabeth Warren, D-Mass., is raising concerns about whether recent rule changes at stock indexes cleared the way for SpaceX — and potentially OpenAI and Anthropic — to be included in indexes without some of the typical safeguards for investors. The letter to the heads of the Nasdaq, S&P Dow Jones Indices, FTSE Russell and Morningstar Indexes sent on Thursday asked the companies whether…
House Democratic Leader Hakeem Jeffries, of New York, at center, speaks as Senate Democratic Leader Chuck Schumer, of New York, listens during an event with congressional Democrats on the U.S. Senate steps, in Washington, May 21, 2026.Win McNamee | Getty ImagesThe U.S. House of Representatives on Thursday rejected a proposal to extend a key foreign surveillance program through July 2, as Democrats continued to withhold support over President Donald Trump’s choice of Bill Pulte as acting director of national intelligence. The program will expire Friday.Trump tapped Pulte for the role earlier this month, setting off bipartisan backlash. Pulte is currently…
Nikolas Kokovlis | Nurphoto | Getty ImagesA version of this article first appeared in CNBC’s Healthy Returns newsletter, which brings the latest health-care news straight to your inbox. Subscribe here to receive future editions.This week was AHIP 2026 in Las Vegas, the annual conference hosted by the nation’s leading trade association for health insurers.The two-day event featured discussions spanning the healthcare landscape, from new industry commitments on prior authorization and the growing role of AI to ongoing debates over how to balance pharmaceutical innovation with affordability.CVS Health spoke to CNBC about how the company is using AI and other technologies…
June 11 (Reuters) – SpaceX raised $75 billion in its U.S. initial public offering on Thursday, as investors rushed to gain exposure to Elon Musk’s space and satellite empire ahead of its highly anticipated Nasdaq debut. Here is a timeline of SpaceX’s journey to the blockbuster IPO March 2002 – Elon Musk starts SpaceX using money he made from the sale of PayPal. March 2006 – SpaceX launches its first rocket, the Falcon 1, which fails. September 2008 – Falcon 1 launched successfully and becomes the first privately developed liquid-fuel rocket to reach Earth’s orbit. December 2008 – SpaceX secures…
“Once that is in place, as we move forward with new mission commitments, we will just be more focused, I think, and more process-oriented in being able to commit to new missions or not,” Heckler said. Key antenna offline One constraint on the DSN is an accident last year that knocked one of the network’s three 70-meter (230-foot) antennas offline at the Goldstone Deep Space Communications Complex near Barstow, California. This antenna, along with similar ones in Spain and Australia, is used to communicate with some of NASA’s most distant missions. The 70-meter dish was tracking NASA’s Juno spacecraft at…
Healey and Carns spell out why they have quit government in letters to Prime Minister Sir Keir Starmer. Source link
SpaceX is allocating a smaller-than-expected portion of its blockbuster initial public offering to retail investors, according to a person familiar with the matter.The Elon Musk-led company plans to direct a percentage in the low 20s of the offering to retail buyers, including international individual investors, online brokerages and private-bank clients, the person said.The allocation is below earlier expectations that roughly 30% of the deal would be reserved for retail investors.The allocation decisions are almost finalized and could still change, the person said.SpaceX is set to begin trading Friday, in what is poised to become one of the largest public offerings…
Pimco is warning fixed-income investors to stay away from lower-quality credit, but sees plenty of opportunities in high-quality assets. The global asset manager, which has $2.27 trillion in assets under management, said in its 2026 outlook that the “credit loss cycle is upon us.” “After years of effortless returns, the default cycle is reasserting itself, and we expect significantly higher losses in lower-quality credit such as leveraged and private direct lending,” said the report, authored by global economic advisor Richard Clarida, chief investment officer of global fixed income Andrew Balls and chief investment officer Dan Ivascyn. “We view this as…
Honeywell sees "a ton of opportunity for M&A," eyes $2B-$4B deals Source link
The SpaceX initial public offering is about to test whether Wall Street needs a new playbook.The company, which starts trading on Friday, has a business that doesn’t cleanly fit into the categories investors usually use. Elon Musk’s space firm isn’t just a rocket company, or satellite internet company, or traditional defense contractor. The better way to understand SpaceX may be as private geopolitical infrastructure: A company with products that are embedded in how governments, militaries, airlines, remote communities and AI workloads operate. That is the core of the “strategic tech” premium. The combination of hyper growth, national importance and light regulation is…