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Top US Carriers Join Forces for Satellite Network to End Dead Zones
AT&T, Verizon, and T-Mobile announced an unprecedented partnership to create a satellite-based network connecting standard phones directly to satellites, aiming to eliminate wireless dead zones across the U.S.
UBS Maintains Sell on Ambev Despite Record Brazil Beer Volumes
Ambev shares edged down 0.25% after UBS raised its price target but maintained a Sell rating, as record Brazil beer volumes and strong cash flow were offset by rising costs and competitive pressures.
Pfizer Ramps Up India Expansion, Faces Investor Skepticism
Pfizer is expanding into India with cancer, obesity, and vaccine investments, but investors remain cautious. Q1 revenue rose 5% to $14.5 billion, though generic competition looms.
BigBear.ai Shares Dip 5% as Defense AI Optimism Fades
BigBear.ai shares dropped 5% to $4.16 after flat Q1 revenue and a wider loss, despite a 14% backlog increase driven by a $53 million classified contract.
Palantir Faces Shareholder Vote on Human Rights Amid Ukraine AI Deployments
Palantir Technologies faces shareholder proposals for a human rights review and expanded defense disclosure as its AI tools are used in Ukraine. The vote is set for June 3.
American Airlines Adds Football Seats, Faces Fuel Headwinds
American Airlines is adding over 23,000 seats on more than 80 routes for football travel, but high fuel costs and debt continue to challenge its bottom line.
Archer Aviation's $8M Stock Issuance Revives Cash Burn Worries
Archer Aviation files to issue $8M in stock to vendors and register 3.27M shares for resale, intensifying cash burn scrutiny after a $217.7M Q1 loss.
UiPath Stock Jumps on AI Agent Hackathon Launch Ahead of Earnings
UiPath shares jumped 7.4% to $10.39 after launching a global hackathon for its new coding-agent platform. Trading volume spiked with heavy call option activity ahead of May 28 earnings.
Snap CEO Evan Spiegel Summoned to Senate Over Kids' Online Safety
Snap CEO Evan Spiegel has been invited to testify at a Senate hearing on children's online safety, alongside leaders from Meta, Alphabet, and TikTok.
Aurora Innovation's Autonomous Trucking Ambitions Face Real-World Test with Volvo-DSV Texas Launch
Volvo and DSV launch commercial autonomous freight on the Dallas-Houston route using Aurora's self-driving tech. Aurora reports $1M Q1 revenue and $223M net loss, targeting 200+ driverless trucks by 2026.