Airbus beats Boeing, Trump Media's lawsuit, Google's AI chips, Russia's rocket: Business news roundup
Plus, Nvidia's special stock grants, and Elon Musk’s ‘self-inflicted wounds’
The three-stage rocket has taken flight on three previous occasions, but its launch from the Vostochny Cosmodrome in the far eastern Amur region marks an important first, as Russia seeks to modernize its space program and keep pace with the rest of the world.
Demand for Nvidia $NVDA’s chips led the company to become the first chipmaker to hit a $2 trillion market cap, and now it’s reportedly rewarding staff with a stock boost.
French aircraft giant Airbus has delivered 142 planes to customers this years, nearly twice as many as its American rival Boeing $BA, which is struggling with production amid heightened scrutiny after a door plug fell off one of its planes mid-flight in January. And at an investor meeting, Airbus confirmed that it will keep up that dominance for the rest of the year.
Google $GOOGL said one of the few alternatives to Nvidia $NVDA’s popular AI chips is now available to developers — and took a shot at Microsoft $MSFT and Amazon $AMZN, too.
The former CEO of Digital World Acquisition (DWAC), the blank check company that merged with Trump Media & Technology Group last month to take it public, is suing his replacement for allegedly hacking his files and staging an “audacious scheme to seize control” of the publicly traded company.
China is increasingly growing its influence and power in the green energy industry, leaving U.S. and European officials worried about being flooded by the country’s subsidized exports.
Elon Musk has never been one for restraint, whether it be announcing his latest potential Tesla $TSLA and Neuralink plans or posting on X $TWTR, formerly known as Twitter.
Moderna $MRNA stock jumped over 6% after the the company announced positive results for an experimental, personalized cancer vaccine in an early trial for patients living with a type of head and neck carcinoma.
The data left investors uncertain about whether the Federal Reserve will cut interest rates this year as hoped
U.S. officials are concerned about China’s surging clean energy exports, such as solar power and electric vehicles