Business

PRINCETON, N.J., July 14, 2025 (GLOBE NEWSWIRE) — Sonnet BioTherapeutics, Inc., (NASDAQ: SONN) (“Sonnet” or the “Company”) today announced that it has entered into a definitive agreement (the “Business Combination Agreement”, or the “BCA”) for a business combination (the “Business Combination”) with Rorschach I LLC (“Rorschach”), a newly-formed entity formed by an entity affiliated with Atlas Merchant Capital LLC (“Atlas”), …

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In the summer of 2019, Dan Schweber was grinding through yet another career pivot. Straight out of college, he landed what he thought would be a dream job as a healthcare consultant, only to discover that he couldn’t stand being a nobody in a giant bureaucracy. So he joined a tiny healthtech startup, until it was acquired by a series …

Key takeaways: A veteran trader sees a potential 60% rally toward $4.47 in the coming months. XRP’s strongest weekly gain since November and record whale accumulation signal growing institutional confidence. Onchain sentiment shows XRP transitioning into the “belief–denial” phase. XRP is preparing for a major price breakout, according to veteran chartist Peter Brandt. XRP could rally toward $4.47 next In …

Billionaire Elon Musk shocked his xAI workers by asking them to download a productivity tracking software on their personal computers. Musk made downloading the software, called Hubstaff, mandatory for all employees working to tutor his artificial intelligence chatbot Grok, requiring it even for those without a company-issued computer, Business Insider reported. Employees were given a July 11 deadline to install …

China’s Export Growth Picks Up as Fragile Trade Truce Holds  Bloomberg China’s exports growth tops expectations in June; rare earth shipments surge 60% to record high  CNBC China’s exporters rush to beat Trump’s next big tariff deadline  Reuters China’s exports jump 5.8% in June as tariffs reprieve prompts a rush of orders  ABC News – Breaking News, Latest News and Videos China’s exports jump …

Bank of England (BOE) governor Andrew Bailey recently warned against banks issuing stablecoins, saying that the Bank of England should focus on tokenizing deposits instead. Stablecoins introduce systemic risks to banking institutions that could destabilize the entire financial system, causing sovereign governments to lose control over their currencies, the BOE official told The Sunday Times in an interview.  He also …

Morning Bid: The art of hogging headlines, using tariffs  Reuters Trump’s trade tactics could boost markets despite tariff threats, former WH advisor says  KFOX Steve Moore says Trump has gotten ‘really good’ tariff deals  MSN Source link

Key Takeaways PENGU soared nearly 90% after Justin Sun’s viral post and ETF speculation boosted momentum. TRON’s Sun slashed gas fees by 30% via STRX staking, with more network upgrades underway. Pudgy Penguins [PENGU] is back in the spotlight after a surprise endorsement from Tron [TRX] founder Justin Sun sent the memecoin soaring. The double-digit rally came alongside fresh plans …

Malaysia says trade permit required for AI chips of U.S. origin  Reuters Malaysia to Require Permits on Trade of High-End US AI Chips  Bloomberg.com Malaysia tightens export controls on US-origin AI chips  thestar.com.my US blocks AI chip access to China, warning sign for Thailand, Malaysia  Nation Thailand Malaysia Tightens Rules on Movement of U.S.-Made AI Chips  The Wall Street Journal Source link