Business 3 March 2026 - 4 March 2026

Ribbon’s stock muted ahead of holiday; eyes on DRC medicine deal instead
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Ribbon’s stock muted ahead of holiday; eyes on DRC medicine deal instead

Ribbon Acquisition Corp.’s Class A shares closed at $10.68 on Friday, down 1 cent, with only 25 shares traded ahead of the Memorial Day market holiday. The SPAC holds $37.7 million in trust and faces uncertainty over shareholder redemptions as it pursues a merger with Japan-based DRC Medicine, a deal valuing the combined company at $422 million if no investors cash out.
May 24, 2026
Meta’s $50M-a-year News Corp AI deal shows how expensive training data is getting
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Meta’s $50M-a-year News Corp AI deal shows how expensive training data is getting

Meta will pay News Corp up to $50 million a year for U.S. and UK news content under a multiyear licensing deal, the Wall Street Journal reported Wednesday. The agreement is expected to last at least three years as Meta seeks material for its AI products. Meta is also reorganizing AI teams to accelerate product launches. Meta shares rose 2.6% after news of the deal.
March 4, 2026
Amazon stock jumps nearly 3% as AWS data-center spending and power costs return to the fore
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Amazon stock jumps nearly 3% as AWS data-center spending and power costs return to the fore

Amazon shares rose 2.9% to $214.72 in morning trading Wednesday after the company announced a $21 billion data center investment in Spain and a $427 million campus purchase in Virginia. Amazon will join other tech firms in signing a White House “Ratepayer Protection Pledge” as data-center energy demand grows. The stock rebounded after falling last month on a $200 billion capital spending forecast for 2026.
March 4, 2026
Micron’s 256GB SOCAMM2 memory sample hits customers — and MU shares rebound
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Micron’s 256GB SOCAMM2 memory sample hits customers — and MU shares rebound

Micron began shipping samples of a 256GB low-power server memory module for AI data centers, using a new SOCAMM2 form factor and LPDDR5X technology. Shares rose about 3% to $390.10 Wednesday after an 8% drop Tuesday. The module is built on a 32Gb monolithic LPDRAM die and targets power and space limits in AI servers. Rivals Samsung and SK hynix are also developing similar modules.
March 4, 2026
Vale speeds up Base Metals IPO prep as CEO targets mid-2026 readiness
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Vale speeds up Base Metals IPO prep as CEO targets mid-2026 readiness

Vale Base Metals aims to be ready for a potential IPO by mid-2026, moving up its target from 2027, CEO Shaun Usmar said Tuesday. The unit has cut costs, accelerated projects, and recently agreed to sell most of its stake in Manitoba’s Thompson Nickel Belt mine. Vale completed a $2.5 billion sale of a 10% stake in the unit to Manara Minerals in 2024. Copper prices have surged 36% in the past year, outpacing nickel.
March 4, 2026
Nio orders hit 2026 high after March promos, Deutsche Bank says — but wait times shrink
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Nio orders hit 2026 high after March promos, Deutsche Bank says — but wait times shrink

Nio’s weekly new orders rose to about 3,500 units in early March, the highest level this year, Deutsche Bank said, citing dealer checks. Wait times for the ES8 SUV dropped from up to 14 weeks in February to as little as 4 weeks, suggesting a shrinking order backlog. Nio shares fell for a fifth straight day Tuesday. The company reports quarterly results next week.
March 4, 2026
Nvidia’s $4 billion photonics bet: why its Lumentum and Coherent deals matter now
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Nvidia’s $4 billion photonics bet: why its Lumentum and Coherent deals matter now

Nvidia will invest $2 billion each in Lumentum and Coherent under multiyear optics deals, securing supply of lasers and optical networking components for AI data centers. Shares of Lumentum rose 5%, Coherent 9% after the news. The agreements include multibillion-dollar purchase commitments and capacity rights. Nvidia plans to detail its strategy at the GTC conference in San Jose starting March 16.
March 4, 2026
BNAI stock jumps as Brand Engagement Network puts its AI Concierge live at Armenia’s Dvin resort
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BNAI stock jumps as Brand Engagement Network puts its AI Concierge live at Armenia’s Dvin resort

Brand Engagement Network shares rose 23% to $52.30 in premarket trading after announcing a live guest trial of its AI concierge at Seven Visions Resort & Places, The Dvin in Yerevan, Armenia. The system routes guest requests for room service, housekeeping, and bookings directly to hotel staff. The rollout covers select rooms and uses QR codes and messaging. The company’s market value is about $249 million.
March 4, 2026
Alibaba’s Qwen AI boss steps down as exits hit key model team
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Alibaba’s Qwen AI boss steps down as exits hit key model team

Lin Junyang, head of Alibaba’s Qwen AI division, said he is stepping down, marking the third senior departure from the team this year. Alibaba shares fell about 4% in Hong Kong trading on Wednesday. The company has released over 400 Qwen models since 2023, downloaded more than 1 billion times, according to Chinese media. The reasons for Lin’s exit were not disclosed.
March 4, 2026
Sea Limited shares slide after Shopee spending jump and cooler 2026 growth target
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Sea Limited shares slide after Shopee spending jump and cooler 2026 growth target

Sea Limited’s U.S.-listed shares fell 16.5% Tuesday after the company warned of higher costs and slower 2026 growth for Shopee’s sales volume. Operating expenses jumped over 28% to $2.43 billion in the December quarter, with marketing costs up at Shopee and Monee. Shopee’s gross merchandise value reached $36.7 billion, up 30.5%. Citi and Maybank called the sell-off an “overreaction” but flagged near-term profit concerns.
March 4, 2026
Lam Research stock slides after CFO stock sale; Bettinger talks $135 billion chip-tool market
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Lam Research stock slides after CFO stock sale; Bettinger talks $135 billion chip-tool market

Lam Research shares fell about 6% in premarket trading Wednesday after filings showed CFO Doug Bettinger sold $9.3 million in stock and Chief Legal Officer Ava Harter sold 4,000 shares. Neither sale was under a preset trading plan. Bettinger told a Morgan Stanley conference he expects wafer-fab equipment spending to reach $135 billion in 2026. Lam goes ex-dividend Wednesday, with a $0.26 per share payout set for April 8.
March 4, 2026
New Zealand puts Kimberly-Clark’s Kenvue takeover under review — the March 17 deadline to watch
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New Zealand puts Kimberly-Clark’s Kenvue takeover under review — the March 17 deadline to watch

New Zealand’s Commerce Commission has launched a competition review of Kimberly-Clark’s planned acquisition of Kenvue, with a decision expected by April 28. Kimberly-Clark has offered to divest Kenvue’s feminine hygiene business in New Zealand and Australia. The Commission set a March 17 deadline for public submissions. Kimberly-Clark shares fell 4.7% in U.S. premarket trading.
March 4, 2026
Moderna’s $2.25 billion patent settlement: the deal that ends a COVID vaccine fight and reshapes its pipeline
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Moderna’s $2.25 billion patent settlement: the deal that ends a COVID vaccine fight and reshapes its pipeline

Moderna will pay up to $2.25 billion to settle a patent dispute with Genevant Sciences and Arbutus Biopharma over lipid nanoparticle technology in its COVID-19 vaccine, avoiding a Delaware trial. The settlement includes a $950 million upfront payment and up to $1.3 billion more tied to an appeal. Moderna shares rose over 10% after the news. The deal grants Moderna a global license for certain infectious-disease vaccines.
March 4, 2026
British American Tobacco share price rebounds — buybacks, UK vape bill and oil shock in focus
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British American Tobacco share price rebounds — buybacks, UK vape bill and oil shock in focus

British American Tobacco shares rose 0.7% in early London trading after Tuesday’s 3.3% drop, as the UK Tobacco and Vapes Bill returned to the House of Lords. The company disclosed a buyback of 92,891 shares on March 2 for cancellation. Lawmakers backed new enforcement funding and penalties in the bill, which faces its next session on March 5. Investors also watch BAT’s late-March ex-dividend date and U.S. vape enforcement.
March 4, 2026
IAG shares slide again as Middle East airspace shutdown hits British Airways
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IAG shares slide again as Middle East airspace shutdown hits British Airways

IAG shares dropped 5.4% Tuesday as Middle East disruptions forced major Gulf hubs to close or restrict traffic for a fourth day, causing widespread flight cancellations and reroutes. Flightradar24 reported about 21,300 cancellations at seven airports including Dubai and Doha since the strikes began. Airlines face rising fuel costs and mounting losses, with $22.6 billion in market value wiped from travel firms on Monday.
March 4, 2026
GOOG stock slips after-hours as Apple-Siri cloud talks and oil fears keep Alphabet in focus
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GOOG stock slips after-hours as Apple-Siri cloud talks and oil fears keep Alphabet in focus

Alphabet Class C shares closed at $303.52, down 0.93%, and slipped further to $303.56 after hours. The drop followed a broader Wall Street decline as investors watched Middle East tensions and rising oil prices. Apple is reportedly in talks to host an upgraded Siri on Google Cloud, citing capacity limits in its own infrastructure. Alphabet’s $0.21 dividend is set for March 16 to holders as of March 9.
March 3, 2026
Lumentum stock drops 11% after Nvidia’s $2 billion optics deal details land
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Lumentum stock drops 11% after Nvidia’s $2 billion optics deal details land

Lumentum Holdings shares dropped 11.3% to $694.43 in after-hours trading Tuesday, reversing gains after Nvidia’s $2 billion investment. Nvidia bought 2.88 million Series A convertible preferred shares at $695.31 each, but conversion to common stock awaits U.S. antitrust clearance. CFO Ali Wajid sold 5,302 shares last week. Lumentum will brief investors March 17 at the OFC 2026 conference.
March 3, 2026
Meta stock edges higher after-hours as report flags new AI shopping tool to rival ChatGPT, Gemini
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Meta stock edges higher after-hours as report flags new AI shopping tool to rival ChatGPT, Gemini

Meta shares rose 0.25% in after-hours trading Tuesday after reports the company is testing a shopping feature inside its AI chatbot. The tool, confirmed by Meta, shows product images, prices, and brief explanations, but does not support in-chat checkout. Some U.S. users have access on the Meta AI web experience. Meta declined to provide further details on rollout or monetization.
March 3, 2026
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Stock Market Today

  • Bell Potter Predicts 80%+ Rise for ASX 300 Pharma Stock Clinuvel Pharmaceuticals
    May 24, 2026, 8:23 PM EDT. Bell Potter has maintained a speculative buy rating on Clinuvel Pharmaceuticals Ltd (ASX: CUV), highlighting potential gains of up to 87%. The pharmaceutical company, known for its Scenesse treatment for erythropoietic protoporphyria (EPP), is advancing clinical trials to expand the drug's approved use to vitiligo, a widely prevalent skin condition. A positive Phase 3 trial readout expected in the second half of 2026 could significantly increase Clinuvel's valuation, currently tagged at an enterprise value of AUD 226 million. Bell Potter notes the stock's upside potential outweighs downside risks amid clinical uncertainties, setting a price target of AUD 17, almost double the current share price of AUD 9.10. This outlook comes with a speculative risk warning tied to trial outcomes rather than financial health.