The Marked Chart Wire · Business
Defense Contracts
Lockheed Martin secures $1.08 billion Army defense contract
The U.S. Army chose Lockheed Martin to build a new air and missile defense system. The total project value is estimated at $1.08 billion.
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Deals
Lockheed Martin awarded $694 million for hypersonic weapons
The US Air Force selected Lockheed Martin for a $694 million deal to build new air-launched hypersonic missiles.
Cohere
Cohere raises capital with Nvidia and Canada support
The AI firm secured new investment from Nvidia and the Canadian government, setting its value above $20 billion.
HotAlphabet Earnings
Alphabet shares drop 13 percent on record AI spending
Alphabet shares fell 13 percent, wiping out about $500 billion in value, after quarterly free cash flow turned negative due to high AI costs. Revenue missed expectations, and the company plans an $85 billion equity raise.
HotServiceNow
ServiceNow shares fall 22 percent in biggest drop since 2016
ServiceNow stock experienced its largest intraday decline since 2016, dropping 22 percent on Wednesday.
HotEli Lilly
Eli Lilly stock reaches all-time high after guidance update
Shares of Eli Lilly climbed to a record level at the open following the company's decision to raise its earnings outlook.
HotAnalyst Ratings
Analysts raise Microsoft targets, cut Alphabet and Fortinet views
Wall Street firms updated ratings after earnings, with Microsoft targets rising on Azure growth. Alphabet and Fortinet faced downgrades or target cuts due to search and product growth concerns.
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