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Pharmaceutical
Merck is making a $1 billion bet on American manufacturing with plans to build a major production facility in Wilmington, Delaware. The 470,000-square-foot site will be dedicated to producing Keytruda, Merck’s blockbuster cancer immunotherapy drug, for U.S. patients. This marks the company’s first domestic site devoted
Transportation
Alphabet-owned Waymo has taken a major step toward expanding its autonomous vehicle ambitions beyond commercial ride-hailing services. On Tuesday, the self-driving technology company announced a preliminary agreement with Toyota to explore the integration of Waymo’s autonomous driving systems into personally-owned vehicles. The collaboration marks a significant evolution for Waymo,
Artificial Intelligence (AI)
Meta Platforms has officially entered the AI arena with the launch of a standalone app powered by its in-house Llama AI model, intensifying the tech industry’s arms race for generative artificial intelligence dominance. This new offering directly targets OpenAI’s ChatGPT, staking Meta’s claim as a serious contender
Telecommunications
Amazon has officially entered the satellite internet arena with the successful launch of its first 27 Project Kuiper satellites into low-Earth orbit. Deployed on April 28th from Cape Canaveral aboard a United Launch Alliance (ULA) Atlas V rocket, the event marks the beginning of an ambitious campaign to establish a
Business Insights
Marriott International announced Monday that it will acquire citizenM, a Netherlands-based hotel brand, for $355 million. The move marks a significant step in Marriott’s strategy to expand its presence in the select-service and lifestyle lodging segments globally. Pending regulatory approval, the acquisition will add 36 citizenM hotels across the
Robotics
Hugging Face, the AI startup known for its developer platform, is expanding deeper into robotics with the launch of the SO-101 — a programmable, 3D-printable robotic arm designed to perform basic tasks like picking up and placing objects. The SO-101 is the successor to Hugging Face’s earlier model, the SO-100,
Semiconductors
Huawei is setting its sights on Nvidia’s stronghold in the AI hardware market with the development of a new advanced chip, the Ascend 910D. The Chinese tech giant is making significant progress on the chip and has begun reaching out to domestic partners to test it. The Ascend 910D
Artificial Intelligence (AI)
OpenAI is making a major move into online shopping with a new update to ChatGPT's search tool, the company announced Monday. Starting today, users can search for products and receive curated recommendations, complete with images, reviews, and direct links to purchase — all within the ChatGPT interface. The new
E-commerce
Chinese e-commerce giant Temu, once the poster child for bargain shopping, is facing a major pricing crisis in the U.S. after slapping steep import charges on its customers. In response to President Donald Trump’s newly imposed 145% tariffs on Chinese imports, Temu has started adding similar import fees
Manufacturing
IBM announced a sweeping $150 billion investment plan in the United States over the next five years, a bold move aimed at strengthening American leadership in advanced computing, manufacturing, and artificial intelligence. As part of the commitment, IBM will allocate over $30 billion specifically to expand domestic manufacturing of its
E-commerce
Fast-fashion giant Shein Group has sharply increased US prices on a range of products—from dresses to kitchenware—ahead of looming tariffs on small parcels from China and Hong Kong, marking an early sign of potential cost pressures for American consumers. Most of the price hikes took effect on Friday,
Automotive
In a market saturated by high-tech, high-priced electric vehicles, a bold new startup called Slate Auto is flipping the script. With a minimalist, modular truck that starts under $20,000 after federal tax credits, the company is betting big on simplicity, customization, and cost-effectiveness — and making it clear they'