Amazon is in advanced talks to acquire satellite telecom group Globalstar, a deal that would bolster the tech major's push to build its own satellite operation, Bloomberg News reported on Monday. Globalstar shares soared 18%.
Bloom Energy said it would supply Oracle with up to 2.8 gigawatts of fuel cell capacity under an expanded deal as rising artificial intelligence use drives up power consumption. Bloom Energy surged 14.6%.
US chip company Credo Technology has announced that it is acquiring Israeli startup DustPhonics in a cash and share deal worth at least $850 million and potentially up to $1.3 billion, including future milestone agreements. The financial details of the definitive agreement include an immediate $750 million cash payment, plus Credo stock. Credo Technology shares jumped 12.8%.
United Airlines CEO Scott Kirby pitched the potential for merging with American Airlines in a meeting with U.S. President Donald Trump in late February, two sources said, raising the prospect of an industry-reshaping deal likely to face significant regulatory hurdles. American Airlines rose 4.5%, while United Airlines rose 1.9%.
Danish drugmaker Novo Nordisk, which has fallen behind Eli Lilly in the immensely lucrative weight-loss drug market, said on Tuesday it is partnering with OpenAI to deploy artificial intelligence across its business, from drug discovery to manufacturing and commercial operations. Novo Nordisk shares rose 1.2%.
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