(Reuters) -SpaceX has committed $2 billion to xAI as part of a $5 billion equity round, deepening the ties between tech billionaire Elon Musk’s ventures as his artificial intelligence startup races to compete with rival OpenAI, the Wall Street Journal reported on Saturday. The investment follows xAI’s merger with X and values the combined company at $113 billion, with the Grok chatbot now powe ...
Investing.com -- Energy drink sales are surging, and it’s not just a macroeconomic rebound driving the trend, according to Jefferies. “Category growth is accelerating... and it’s not all macro,” the firm’s analysts said in a note this week, highlighting that energy drinks are growing 15% thanks to better execution, product innovation, and rising consumer value perception. Reta ...
Investing.com -- Trump’s threat to slap a 200% tariff on pharmaceutical imports, made offhandedly at a cabinet meeting, has sparked a selloff in some drug stocks, but analysts say the number may be more political posturing than economic policy. He floated the figure while saying companies would have “about a year, a year and a half” to bring production back to the U.S. Bernstein sees th ...
Investing.com -- The long standing theme of US exceptionalism in equities is showing signs of fatigue, according to Nomura, as global investors increasingly redirect capital toward Europe and emerging markets. High-frequency ETF data reflects a meaningful moderation in inflows into US-focused offshore-listed equity funds. Over the past 20 weeks, such funds have seen net outflows in 11 weeks, ...