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President Donald Trump ordered the U.S. military to "shoot and kill" Iranian small boats that were harassing U.S. ships in the Strait of Hormuz.
Iranian newswires reported that active air defense systems were engaging hostile targets over Tehran, increasing geopolitical tensions.
Meta Platforms plans to cut 10% of its workforce, which amounts to roughly 8,000 employees, to boost efficiency and offset AI spending.
Tesla announced on its earnings call that it plans to spend between $20 billion and $25 billion on capital expenditures to support its AI projects like RoboTaxi and Optimus.
The U.S. Justice Department and DEA are moving to reclassify certain marijuana products to Schedule III, which is for drugs with accepted medical uses and lower abuse potential.
The reclassification of cannabis to Schedule III will eliminate a punitive tax on gross margin that was approximately 72% for cannabis companies.
Curaleaf is in M&A discussions with numerous regional and larger companies in both Europe and the United States.
CBRE Group's profit from critical infrastructure and data centers is projected to increase from 3% in 2021 to 14% by 2025.
The Food and Drug Administration has changed its policy for osteoporosis drugs, allowing drugmakers to use bone mineral density as an endpoint in clinical trials instead of waiting for fracture data.
West Texas Intermediate (WTI) crude oil futures rose 3.4%, having been as high as 5.8% during the session, amid rising geopolitical tensions.
In addition to layoffs, Meta Platforms will not fill 6,000 open roles it had previously intended to hire for.
Microsoft is offering voluntary retirement packages to thousands of its employees in the United States.