Core Viewpoint - AI startup Vast Data has entered into a $1.17 billion commercial agreement with cloud provider CoreWeave, which signifies an extension of their existing partnership and highlights the growing demand for infrastructure that supports artificial intelligence [1] Company Summary - Vast Data is focusing on expanding its capabilities in the AI infrastructure space through this significant agreement with CoreWeave [1] - The partnership aims to enhance the infrastructure necessary for AI applications, reflecting the increasing reliance on cloud services for AI development [1] Industry Summary - The agreement underscores the rising demand for AI-related infrastructure, indicating a robust growth trajectory in the AI sector [1] - Cloud providers like CoreWeave are becoming essential partners for AI startups, as they provide the necessary resources to support advanced AI technologies [1]

Italy's Banca Mediolanum said on Thursday its 2025 net interest income would be around last year's level, raising the forecast communicated in July, after posting an 8% jump in its net income for the ... ...

Tapestry's efforts to protect margins against tariffs, a leaner Kate Spade product line and strong Gen-Z demand for Coach's Tabby handbags helped the company lift its annual profit and sales targets o... ...

Core Insights - Eli Lilly's experimental obesity drug demonstrated significant efficacy, with patients losing up to 20.1% of their weight in a mid-stage trial [1] Company Summary - The drug's performance in clinical trials indicates a strong potential for market success, addressing a growing demand for effective obesity treatments [1] Industry Summary - The obesity treatment market is expanding, and successful trials like Eli Lilly's could lead to increased competition and innovation within the sector [1]

What matters in U.S. and global markets today ...

EchoStar said it would sell a set of wireless spectrum licenses to SpaceX for about $2.6 billion in exchange for stock in the space startup, expanding on the $17 billion deal the companies struck in S... ...

Shares of obesity drugmakers Eli Lilly and Novo Nordisk rose early on Thursday in anticipation of a White House deal that would reduce prices of their blockbuster weight-loss treatments in return for ... ...

Canadian pipeline operator TC Energy missed estimates for third-quarter profit on Thursday, hurt by weakness in its U.S. operations and in the power and energy solutions business. ...

Canadian business jet maker Bombardier on Thursday reported an 11% rise in third-quarter revenue, helped by increased demand in its aftermarket services business and the delivery of four more planes t... ...

UK's main stock indices were little changed on Thursday as sterling steadied near multi-month lows, with traders pausing for breath ahead of the Bank of England's interest rate call. ...