Individual Stock News
1. Market News: SpaceX (SPCX.O) is in talks to connect 80,000 cellular sites to build a new network.
2. SEC filings show that General Motors (GM.N) has canceled a long-term rare earth magnet supply agreement for its plant, which is about to be acquired by Energy Fuels.
3. Western Digital (WDC.O) reported Q1 fiscal 2027 revenue of $4.38 billion, exceeding market expectations of $4.15 billion; Q2 fiscal 2027 outlook revenue is $5.1 billion.
4. Oracle (ORCL.N) is expanding its marketplace platform to unlock new partner growth opportunities, extending its marketplace procurement business to India and Japan.
5. According to the Korea Economic Daily: SK Hynix (SKHY.O) has decided to withdraw its subsidiary Solidigm's Nasdaq listing plan and is preparing to formally announce the decision soon.
6. TSMC (TSM.N): Has activated standard typhoon emergency plans at all its plants in Taiwan and has arranged personnel deployment according to local government guidelines. Operations remain normal and have not been significantly affected.
7. Rio Tinto (RIO.N) will invest $1.9 billion to expand its bauxite mining operations in northern Australia and develop a large new mine to replace production from its depleted existing mines.
8. The U.S. Federal Communications Commission (FCC) has granted Intel (INTC.O) an exemption from the ban on certain foreign-made advanced robots, allowing it to continue using equipment crucial to its U.S. semiconductor manufacturing operations.
