Parabilis Sets Record with $670M Cancer-Focused Biotech IPO
Cancer-focused biotech Parabilis completed a record-breaking $670M IPO, becoming the largest VC-backed biotech IPO to date, with shares soaring 67% post-listing.
economy
Business
Rocket Lab reported record Q2 revenue of US$234m and a US$2.4b backlog, while CEO Peter Beck highlighted data centres in space as a growth opportunity following the company's US$8b acquisition of satellite operator Iridium.
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Tick populations surge across Michigan as Lyme disease cases rise
Michigan is experiencing increased tick populations and rising Lyme disease cases, with specific high-risk areas identified across the state. Health officials are urging residents to take preventive measures during summer months.
South Africa's New Vehicle Permit System Targets Scammers Posing as Officials
South Africa's SARS launched a mandatory Temporary Import Permit system for foreign vehicles on June 1, warning travelers of fraudsters posing as registration agents demanding illegal fees.
MIT Startup's Nuclear-Inspired Cooling Could Cut Data Center Energy Use by 35%
MIT startup Ferveret adapts nuclear reactor cooling technology to reduce data center energy use by 35%, addressing AI's massive power demands without water consumption.
AI-Generated Fashion Images Now Indistinguishable From Reality, Says Modelia CEO
Spanish startup Modelia uses AI to generate hyperrealistic fashion campaigns in minutes, threatening traditional roles of photographers, models, and stylists while major brands quietly adopt the technology despite quality concerns.
PSOE leadership pressures party to file lawsuit against Leire Díez
Spanish Socialist Party (PSOE) leaders are demanding that party headquarters file a lawsuit against Leire Díez, citing incompatible conduct and the need to send a political message amid corruption scandals.
Garmin Pay launches in Philippines, enabling smartwatch contactless payments
Garmin officially launched its contactless payment service in the Philippines through partnerships with GoTyme Bank and EastWest Bank, enabling smartwatch users to make tap-to-pay transactions at supported terminals.
Tesla owners pursue legal action over unfulfilled autonomous driving promises
Tesla owners worldwide are filing legal claims against the company for unmet promises on Full Self-Driving capabilities, with New Zealand cases highlighting misleading marketing by Elon Musk regarding timeline and pricing.
NeuroRester Launches Wearable 2.0 Ecosystem With NAP™ Protocol to Move Beyond Data Tracking
NeuroRester Corp. unveiled Wearable 2.0, a dual-device ecosystem featuring proprietary NAP™ technology designed to convert passive health tracking into actionable wellness interventions.
Autel Unveils Grid-Stabilizing EV Charging Tech at Sydney Innovation Summit
Autel Energy introduced grid-aware and fleet-focused EV charging innovations at a Sydney seminar, including Australia's first reactive power compensation technology and space-efficient DC chargers designed for grid stability.
Australian BBQ chain Barbecues Galore closes after 49 years, 500 jobs lost
Barbecues Galore, an iconic Australian BBQ and outdoor furniture retailer founded in 1977, has ceased operations after failed revival attempts, resulting in approximately 500 job losses across 62 stores.
Instagram Rolls Out Long-Awaited Grid Rearrangement Feature
Instagram has rolled out a highly requested feature allowing users to rearrange posts on their profile grid, giving creators greater control over how their content is displayed.
Brokerages Initiate Buy Calls on Meesho, Max Financial, PhysicsWallah Amid Sector Optimism
Major brokerages initiated or maintained bullish positions on Indian companies across e-commerce, insurance, fintech, and pharma sectors, citing strong growth prospects and operational efficiency.
Google Cloud outage hits India after third-party data centre fire
A fire at a third-party data centre in Delhi triggered an emergency shutdown, causing Google Cloud service disruptions across India affecting multiple cities and cascading impacts on businesses.
Nintendo shares tumble 7.5% as Direct presentation lacks major franchise titles
Nintendo shares dropped 7.5% after a Nintendo Direct presentation lacked major franchise titles like Super Mario, raising concerns about Switch 2 momentum heading into the holiday season.
Netflix Won't Work With Directors Demanding Theatrical Releases
Netflix film chief Dan Lin stated the company won't work with filmmakers insisting on theatrical releases, signaling the streaming giant's full pivot away from cinema distribution despite previous claims otherwise.
Ancient DNA treasure found in frozen squirrel droppings in Canadian Arctic
Scientists discovered a vast trove of ancient DNA spanning 700,000 years in frozen squirrel burrows in Canada's Yukon, including genetic material from woolly mammoths, wolves, and extinct species.
Salesforce adquiere m3ter: billing por consumo llega al mainstream empresarial
Salesforce acquires m3ter, a London-based consumption billing platform, integrating it into Agentforce to enable usage-based pricing models for enterprise customers managing AI agents and variable resource consumption.
Bling Energy targets €8M revenue with subscription solar model
Bling Energy, a Portuguese solar company founded in 2022, is disrupting residential solar adoption through a subscription model requiring no upfront investment, targeting €8M revenue in 2026.
Toby Fox Updates Deltarune Chapter 6 Development Progress
Toby Fox provides a development update on Deltarune Chapter 6, with Chapter 5 launching later this month. The long-awaited indie RPG continues to generate significant fan anticipation.
Salesforce Begins New Round of Layoffs Amid AI Revenue Growth
Salesforce is conducting layoffs while simultaneously reporting $1.2B in AI revenue and executing a $50B share buyback, raising questions about workforce strategy amid corporate expansion.
US firm's Kimberley gas fracking plan faces federal scrutiny over environmental data gaps
Texas-based Black Mountain Energy's bid to drill 20 gas wells in Western Australia's pristine Kimberley region faces repeated federal concerns over insufficient environmental data on water resources and endangered species impacts.
CAOA Chery esgota 3 mil unidades de Tiggo híbridos em uma semana
CAOA Chery exhausted its promotional inventory of Tiggo 7 and Tiggo 8 plug-in hybrids within one week, selling over 3,000 units and generating R$600 million in revenue, exceeding initial demand projections.
Chinese Robotics Firm Launches Piloted Giant Robot for Industrial Use
Unitree Robotics unveiled the GD01, a 3-meter tall piloted mecha robot capable of bipedal and quadrupedal locomotion for industrial, construction, and rescue applications, priced at 2.97 million Brazilian reais.