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PLDT, Smart, And MPower Join Forces to Power Up More Cell Sites
PLDT Inc. (PLDT) and its wireless arm, Smart Communications, Inc. (Smart), have partnered with MPower, Meralco’s local retail electricity supplier, to activate 144 cell sites and 9 facilities under the Energy Regulatory Commission's (ERC) Retail Aggregation Program (RAP).

By The Financial District
Jul 17, 20253 min read


Nissan Raises $4.5-B In Record-High Junk Bond Offering
Nissan Motor has secured $4.5 billion from a junk bond sale in U.S. dollars and euros, tapping strong investor demand despite concerns over its turnaround plan.

By The Financial District
Jul 17, 20251 min read


Does Trump’s Biggest Crypto Backer Really Exist? — The Nation Asks
Last month, a Dubai-based entity called Aqua 1 Foundation announced a $100 million investment in World Liberty Financial.

By The Financial District
Jul 17, 20252 min read


Ramaco Resources Claims It Can Help End U.S. Dependence On China For Rare Earths
As the Trump administration pushes to boost domestic production of rare earth elements, publicly traded Ramaco Resources has broken ground on a new mine in Wyoming’s coal country that could reshape the critical minerals landscape.

By The Financial District
Jul 17, 20251 min read


Elon Musk’s xAI Lands Multibillion-Dollar Pentagon Deal
Despite his frequent criticism of government spending, Elon Musk’s artificial intelligence startup xAI has secured a major deal with the U.S. Department of Defense (DoD).

By The Financial District
Jul 17, 20251 min read


Nutella Maker Ferrero To Acquire WK Kellogg For $3 Billion
Ferrero, the Italian confectionery giant known for Nutella and Kinder, announced plans to acquire U.S. cereal maker WK Kellogg Co. for $3.1 billion in a bid to expand its footprint in North America.

By The Financial District
Jul 17, 20251 min read


PAGCOR, Ad Standards Council Ink MOU To Regulate Gambling Ads
After nine months of consultations, the Philippine Amusement and Gaming Corporation (PAGCOR) and the Ad Standards Council (ASC) signed a Memorandum of Understanding (MOU) on July 16 to regulate and pre-screen gambling-related advertisements across all media platforms.

By The Financial District
Jul 17, 20252 min read


Merck Buys Verona Pharma For $10 Billion To Expand COPD Portfolio
Merck is acquiring Verona Pharma, a biotech firm specializing in respiratory diseases, in a deal worth approximately $10 billion.

By The Financial District
Jul 16, 20251 min read


AI Startup Founder Becomes Billionaire By Building "ChatGPT For Doctors"
Daniel Nadler, cofounder and CEO of OpenEvidence, has joined the billionaire ranks by developing an AI tool designed to help doctors stay on top of medical research.

By The Financial District
Jul 16, 20251 min read


Ford Recalls 850,000 Cars In The U.S. Over Fuel Pump Failure Risk
Ford is recalling over 850,000 vehicles in the United States due to a defect in the low-pressure fuel pump that could lead to engine stalls while driving—raising the risk of crashes.

By The Financial District
Jul 16, 20251 min read


Apple Invests $500-M In Rare Earths Producer MP Materials
Apple has announced that it will invest $500 million in rare earths mine operator MP Materials as the iPhone maker seeks to localize its mineral supply chain.

By The Financial District
Jul 16, 20251 min read


Wedbush Upgrades AMC, Lifts Stock Of Movie Theater Chain
AMC shares jumped 9.5% in early trading after Wedbush Securities upgraded the stock to Outperform from Neutral.

By The Financial District
Jul 16, 20251 min read


xAI Apologizes For Grok’s Antisemitic Outburst, Cites Faulty Engagement Algorithm
Elon Musk’s xAI has apologized for a 16-hour stream of antisemitic and extremist content posted by its Grok chatbot, blaming newly deployed instructions designed to prioritize user engagement.

By The Financial District
Jul 16, 20251 min read


MP Materials Cuts Rare Earths Deal With U.S. To Break China’s Grip
MP Materials unveiled a multibillion-dollar deal with the U.S. government on to ramp up production of rare earth magnets and help reduce China’s dominance over materials used in weapons, electric vehicles, and many electronics.

By The Financial District
Jul 16, 20251 min read


Bill Ackman Slammed For Sullying Professional Tennis
Billionaire Bill Ackman and the organizers of a tennis tournament have come under heavy criticism from former Grand Slam champions and social media users after the hedge fund manager made his professional tennis debut—a match he ultimately lost.

By The Financial District
Jul 16, 20252 min read


Trump Greenlights Nvidia’s Export Of Advanced Chips To China
Nvidia CEO Jensen Huang said the company has received approval from the Trump administration to export its advanced H20 computer chips—used for developing artificial intelligence—to China.

By The Financial District
Jul 16, 20252 min read


"Superman" Soars In Blockbuster Summer Movie Weekend
James Gunn’s Superman dominated the box office during another blockbuster summer weekend, bringing in $122 million in domestic ticket sales despite criticism from conservative commentators.

By The Financial District
Jul 15, 20251 min read


Australian Rare Earth Stocks Soar On MP Materials’ Multi-Billion U.S. Deal
Shares of Australian rare earths miners—including Lynas and Iluka Resources—soared on Friday following a multibillion-dollar deal between U.S.-based MP Materials and the U.S. government to boost production of rare earth magnets.

By The Financial District
Jul 15, 20251 min read


Les Wexner Makes $2 Billion In 3 Months From CoreWeave
Five years ago, Ohio’s most revered entrepreneur Les Wexner stepped down as chairman of L Brands and soon began selling off his stake in the Victoria’s Secret parent company.

By The Financial District
Jul 15, 20251 min read


Nvidia Shatters Record As Its Valuation Tops $4 Trillion
Artificial intelligence (AI) juggernaut Nvidia has crossed another milestone: a $4 trillion valuation, the largest in history.

By The Financial District
Jul 15, 20251 min read


Volkswagen Halts ID. Buzz Deliveries Amid Technical Recall, Tariff Pressures
German auto giant Volkswagen has announced the suspension of deliveries of its ID. Buzz electric minivan due to a technical issue—amid reports that the decision was also influenced by costly U.S. tariffs on imported vehicles.

By The Financial District
Jul 15, 20251 min read


Apple’s CEO Succession Plan Gets Murkier As Top Exec Is Poached
A once-leading candidate to replace Tim Cook as Apple’s CEO has instead announced his retirement.

By The Financial District
Jul 15, 20251 min read


Meta Invests $3.5 Billion In World’s Largest Eyeglass Maker
Meta Platforms Inc. has acquired a minority stake in EssilorLuxottica SA, the world’s largest eyewear manufacturer.

By The Financial District
Jul 14, 20251 min read


Nvidia Inches Closer To Record $4 Trillion Market Value
Nvidia is approaching a historic $4 trillion market valuation, with its stock closing at a record $160 per share.

By The Financial District
Jul 12, 20251 min read
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