Qualcomm Acquires AI Startup Modular for $4 Billion in Challenge to Nvidia Dominance
The chipmaker's acquisition of the Mojo programming language creator aims to break Nvidia's CUDA lock-in and reshape AI software development.
Wall Street Closes Best Quarter in Six Years as Chip Stocks Surge to Record Highs
The S&P 500 and Nasdaq complete remarkable Q2 gains as the Philadelphia Semiconductor Index posts its strongest quarterly performance in history.
Mexico Cruises Past Ecuador 2-0, Advances to World Cup Round of 16
Jesús Quiñones and Raúl Jiménez score as El Tri delivers a dominant shutout performance to punch their ticket to the knockout rounds.
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Business
Merck KGaA Acquires Bio-Techne for $11.3 Billion in Largest Deal Since 2015
Germany's Merck KGaA will pay $11.3 billion for Bio-Techne, expanding its life sciences business with proteins, antibodies, and spatial biology capabilities.
Finance
Q2 Ends With Massive Portfolio Rebalancing as S&P 500 Pulls Back From Record Highs
The second quarter closes with institutional investors rebalancing portfolios after the S&P 500's 20% surge, as AI stocks retreat from early-June peaks.
Sports
Morocco Stuns Netherlands in Penalty Shootout, Advances to World Cup Round of 16
Morocco defeated the Netherlands 3-2 on penalties after a dramatic 1-1 draw in the Round of 32, sending the Dutch home from the 2026 FIFA World Cup.
Business
FedEx Freight Spin-Off Creates America's Largest Standalone LTL Carrier
FedEx completes historic spin-off of its freight division, creating independently traded FDXF and reshaping the American logistics landscape.
Finance
S&P 500 Hovers Near Record Highs as Top 20% Power the Economy
Stock markets reach all-time highs, but economists warn that America's wealthiest consumers are doing all the heavy lifting—creating fragility beneath the surface.