What’s Happening in the Philippines, Local News and Philippine People
TLDR D.A. Davidson upgraded RIVN from Sell to Hold, setting a price target of $14 The stock had declined 24% year to date prior to Wednesday The launch of the R2 platform has been met with a “mixed at best”
MoreTLDR Bernstein raised its rating on Western Digital to Outperform from Market Perform and doubled its price target to $340. A recent 21% decline in the stock was fueled by concerns about Google’s TurboQuant compression algorithm, which Bernstein asserts does
MoreTLDR TSMC anticipates revenue growth of nearly 30% by 2026, fueled by the demand for AI chip manufacturing. Broadcom forecasts over $100 billion in AI chip sales by 2027, attributed to custom silicon and networking solutions. Micron surpassed Wall Street
MoreTLDR Pi Network has introduced a functional RPC server on its Testnet, designed to facilitate the simulation and testing of smart contracts. The Core Team has updated the protocol to version 20.2 and intends to roll out version 21 in
MoreTLDR Firefly Aerospace (FLY) rose 20.53% to $28.47, ending a three-day downward trend The stock’s upward move was fueled by positive sentiment surrounding SpaceX’s impending IPO, which might value the firm at $1.75 trillion Reportedly, SpaceX has secured 21 banks
More
TLDR Nike surpassed Q3 earnings and revenue projections, yet presented a more subdued Q4 forecast than anticipated. Sales for Q4 are projected to decline by 2%–4%, contrasting with Wall Street’s expectation of a 1.9% increase. Revenue from Greater China decreased
MoreTLDR Anthropic unintentionally exposed the internal source code for its AI programming assistant, Claude Code The incident revealed approximately 1,900 files containing 512,000 lines of code A social media post on X featuring the code accumulated more than 30 million
More
TLDR Samsung and SK Hynix shares surged 10–13% on Wednesday following significant losses in March. The KOSPI index gained more than 8%, rebounding from a drop exceeding 19% the previous month. Investor sentiment was buoyed by optimism for a swift
MoreTLDR Novo Nordisk has introduced a subscription service for Wegovy, offering patients paying out-of-pocket options for 3-, 6-, or 12-month plans. The monthly cost for the Wegovy injection under this program ranges from $329 for a 3-month plan to $249
MoreTLDR SpaceX is collaborating with 21 financial institutions on its initial public offering (IPO), internally referred to as “Project Apex.” The public offering is anticipated to occur in June 2026, with an estimated valuation of $1.75 trillion. Key financial firms
MoreTLDRs; Snap shares jumped 14% following activist firm Irenic revealing a 2.5% stake and advocating for broad strategic and operational overhauls. Irenic has called on Snap to either spin off or discontinue its Specs division, while also pushing for steep
MoreTLDR US indicts 10 in crypto pump-and-dump schemes involving wash trading FBI-led sting operation reveals fabricated volume tactics across cryptocurrency markets Hacker responsible for $54M DeFi exploit at Uranium Finance apprehended Authorities confiscate $31M and recover valuable assets from the
MoreTLDRs; A system failure in Wuhan caused over 100 Baidu Apollo Go robotaxis to become temporarily immobilized, leading to significant traffic disruptions. While no injuries were reported, passengers experienced delays and uncertainty during the widespread system failure. The incident has
More
(AsiaGameHub) – Gibraltar is exploring a new path to secure growth as it navigates headwinds brought on by the UK’s decision to raise gambling taxes. Nigel Feetham, the British Overseas Territory’s Minister for Justice, Trade and Industry, told parliament
MoreTLDRs; Tesla’s stock price increased alongside the wider market, but investors are now concentrating on first-quarter delivery numbers as a gauge of demand. Analysts anticipate slight growth in deliveries, yet predictions are subdued due to heightened EV rivalry and a
More
(AsiaGameHub) – Nepal’s Ministry of Communications and Information Technology has initiated steps to enforce the nation’s ban on online gambling by blocking access to associated applications and websites. According to reports from The Himalayan Times, these government directives were
More
(AsiaGameHub) – The UK Gambling Commission (UKGC) has informed gambling licensees and other interested parties about two approaching deadlines concerning its assessment of regulations. The initial deadline is for the conclusion of the Commission’s consultation regarding revisions to the
More
(AsiaGameHub) – Potential operators have been alerted following Alberta‘s confirmation that its regulated online gambling sector is set to commence operations on July 13. Becoming Canada‘s second regulated jurisdiction alongside Ontario, the province has seen several major industry players
More
(AsiaGameHub) – HM Revenue & Customs (HMRC) will no longer impose a 10% tax on gross profits earned by land-based bingo venues across the UK. This policy change was rolled out as part of the Budget announced by Chancellor
More
(AsiaGameHub) – A recent study by Ygam indicates that social media is playing an increasingly significant role in how students engage with gambling. As unlicensed operators continue to infiltrate social media platforms, 34% of students who participate in gambling
More