Meta's Zuckerberg Considers Collaborations with Prediction Markets
Mark Zuckerberg is reportedly exploring potential partnerships with Polymarket and Kalshi, indicating Meta's interest in financial market innovations.
Editorial Staff Jun 26
Companies
Latest Companies stories from Business & Industry.
Securitize Anticipates $400 Million Raise Ahead of NYSE Debut
The tokenization firm Securitize, backed by BlackRock, is set to finalize its SPAC merger next week, pending shareholder approval, and aims to start trading on the NYSE.
Editorial Staff Jun 26
Democratic Senators Challenge CFTC's Funding for Prediction Market Lawsuits
Seventeen Democratic senators have voiced strong opposition to the CFTC's funding for lawsuits concerning prediction markets, deeming it a threat to state oversight.
Editorial Staff Jun 26
Goldman Sachs: Current IPO Surge Lacks Dot-Com Euphoria
While U.S. IPO issuance has seen a significant rebound in 2026, Goldman Sachs notes that this revival does not match the speculative frenzy of the dot-com era.
Editorial Staff Jun 26
Wall Street Veteran Warns of Risks from Earnings Optimism
Excessive optimism surrounding earnings reports could pose risks to stock market stability, according to insights from a Wall Street veteran.
Editorial Staff Jun 26
BitGo Reduces Workforce by 15% to Enhance Focus on AI and Stablecoins
In a strategic move, BitGo has announced a 15% reduction in its workforce, with CEO Mike Belshe indicating this is a one-time action aimed at concentrating on AI and stablecoin initiatives.
Editorial Staff Jun 26
Navigating the Challenges of Public Investment in Science Amid Rising Debt
As public debt surges in many economies, the balance between funding science and managing fiscal responsibility becomes increasingly complex. The IMF warns that global public debt may approach 100% of GDP.
Editorial Staff Jun 26
JPMorgan's Succession Landscape Shifts as Lake Steps Back
Marianne Lake, a key figure at JPMorgan, has reportedly withdrawn from the race to succeed Jamie Dimon, as new leadership dynamics emerge within the company.
Editorial Staff Jun 25
Loss and Damage Fund CEO Promises Disbursements Amid Nigerian Concerns
Ibrahima Cheikh Diong, the CEO of the loss and damage fund, expressed optimism about initiating fund disbursements this year, addressing growing pressure from Nigeria.
Editorial Staff Jun 25
Merck's $11 Billion Acquisition of Bio-Techne Enhances Life Sciences Strategy
Merck's recent acquisition of Bio-Techne for $11 billion is poised to significantly bolster its presence in the life sciences sector, focusing on biotechnology tools.
Editorial Staff Jun 25
Tech Stocks Experience Recovery Following Micron's Strong Earnings Report
The recent surge in profits reported by US chipmaker Micron appears to have alleviated some investor concerns after a week of market declines.
Editorial Staff Jun 25
Kalshi Pursues New Funding Round Valued at $40 Billion
Kalshi is reportedly negotiating to secure additional funding at a valuation of $40 billion, indicating a surge in investor interest in regulated prediction markets.
Editorial Staff Jun 25
Micron Technology Projects Strong Revenue Growth for Next Quarter
Micron Technology has announced a revenue forecast that exceeds analyst expectations, signaling robust demand for its memory chips.
Editorial Staff Jun 24
Kalshi Aims for $40 Billion Valuation, Plans Public Offering by 2027
Kalshi, a prediction market operator, is reportedly targeting a valuation of $40 billion and is considering a public debut in 2027. A new funding round may be finalized in Q3.
Editorial Staff Jun 24
Onyx Odds Raises $20 Million to Compete in Prediction Markets
Onyx Odds has successfully secured $20 million in funding, led by Payward, as it prepares to enter the competitive landscape of sports-based prediction markets.
Editorial Staff Jun 24
OHB Secures Half a Billion Euros for Growth Initiatives
German space firm OHB plans to raise approximately half a billion euros via a stock sale aimed at expanding its facilities and exploring acquisition opportunities.
Editorial Staff Jun 24
Cerebras Experiences Stock Decline Despite Strong Revenue Growth
Cerebras, the AI chipmaker, saw its stock drop by 11% following its first public earnings report, despite reporting a 92% year-over-year revenue increase.
Editorial Staff Jun 23
Meta's New Venture: A Moneyless Prediction Market Led by Zuckerberg
Mark Zuckerberg has instructed Meta employees to create a prediction market that will operate separately from its existing applications, using a points system for wagers instead of cash.
Editorial Staff Jun 23
Concerns Grow Over Trump's HIV Funding Cuts to South Africa
UNAIDS has expressed alarm over the Trump administration's funding reductions for HIV initiatives in South Africa, warning that lives could be at stake amid ongoing policy disputes.
Editorial Staff Jun 23
Meta's New Direction: A Prediction Markets App Under Zuckerberg's Leadership
Meta's CEO Mark Zuckerberg is reportedly spearheading the development of a prediction market app, which will operate without real money transactions, akin to existing platforms.
Editorial Staff Jun 23