Jonathan Wong
The Latest
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Boeing's Woes Mount as Whistleblower Deaths, FAA Probes, and Plane Incidents Shake Confidence
The Securities and Exchange Commission (SEC) has opened an investigation into Boeing, probing whether the American aerospace manufacturer misled investors following a series of safety incidents and concerns, Bloomberg reported. 
The Securities and Exchange Commission (SEC) has opened an investigation into Boeing, probing whether the American aerospace manufacturer misled investors following a series of safety incidents and concerns, Bloomberg reported. -
Zeekr's US IPO Raises $441 Million, Valuing Chinese EV Maker at $5.5 Billion
Chinese electric vehicle maker Zeekr Intelligent Technology (ZK.N) has successfully priced its U.S. initial public offering (IPO) at the top of its indicated range, raising $441 million and giving the company a fully diluted valuation of $5.5 billion. 
Chinese electric vehicle maker Zeekr Intelligent Technology (ZK.N) has successfully priced its U.S. initial public offering (IPO) at the top of its indicated range, raising $441 million and giving the company a fully diluted valuation of $5.5 billion. -
Novavax's Stock Soars Over 100% as Sanofi Partnership Breathes New Life into Struggling Vaccine Maker
The deal, announced on Friday, sent Novavax shares soaring over 100% in premarket trading, marking a significant turnaround for the company that had previously issued a "going concern" warning about its ability to continue operating. 
The deal, announced on Friday, sent Novavax shares soaring over 100% in premarket trading, marking a significant turnaround for the company that had previously issued a "going concern" warning about its ability to continue operating. -
Boeing and Spirit AeroSystems Face Scrutiny as Whistleblower Reveals Widespread Quality Issues in 737 Fuselages
Santiago Paredes, a former quality manager at Boeing supplier Spirit AeroSystems, has come forward with alarming allegations about the company's manufacturing practices, claiming he was pressured to downplay defects discovered during inspections of 737 fuselages. 
Santiago Paredes, a former quality manager at Boeing supplier Spirit AeroSystems, has come forward with alarming allegations about the company's manufacturing practices, claiming he was pressured to downplay defects discovered during inspections of 737 fuselages. -
Warner Bros. Discovery's Max Streaming Service Reaches 99.6M Subscribers, $86M Profit Amid Bundling Plans
Warner Bros. Discovery (WBD) reported mixed first-quarter results on Thursday, with its streaming unit showing growth and profitability while its studios and networks segments faced challenges. 
Warner Bros. Discovery (WBD) reported mixed first-quarter results on Thursday, with its streaming unit showing growth and profitability while its studios and networks segments faced challenges. -
Bill Hwang in Court for Racketeering Trial After $36 Billion Fund Collapse
Sung Kook "Bill" Hwang, the founder of Archegos Capital Management, appeared in a Manhattan federal court on Wednesday to face charges related to the spectacular collapse of his $36 billion fund in March 2021. Sung Kook "Bill" Hwang, the founder of Archegos Capital Management, appeared in a Manhattan federal court on Wednesday to face charges related to the spectacular collapse of his $36 billion fund in March 2021. -
Tesla Faces DOJ Probe Over Potential Securities and Wire Fraud in Self-Driving Claims
The U.S. Department of Justice is investigating Tesla Inc. for potential securities and wire fraud in connection with the company's claims about its self-driving vehicle capabilities, according to three people familiar with the matter. 
The U.S. Department of Justice is investigating Tesla Inc. for potential securities and wire fraud in connection with the company's claims about its self-driving vehicle capabilities, according to three people familiar with the matter. -
U.S. Semiconductor Industry Set to Triple Production by 2032 Under CHIPS Act
The U.S. semiconductor industry is poised for a significant expansion, with projections indicating that domestic chipmaking capacity will triple by 2032. This growth is largely fueled by the CHIPS Act, which has incentivized major chipmakers such as Intel, Taiwan Semiconductor Manufacturing Company (TSMC), and Samsung to expand their operations within the United States. 
The U.S. semiconductor industry is poised for a significant expansion, with projections indicating that domestic chipmaking capacity will triple by 2032. This growth is largely fueled by the CHIPS Act, which has incentivized major chipmakers such as Intel, Taiwan Semiconductor Manufacturing Company (TSMC), and Samsung to expand their operations within the United States. -
Intel's Second-Quarter Revenue Faces Hit as Commerce Department Bars Chip Sales to Chinese Customer
The U.S. Department of Commerce has revoked certain export licenses for Intel and Qualcomm, barring the chipmakers from selling consumer-related items to a Chinese customer, a move that is expected to impact Intel's second-quarter revenue. 
The U.S. Department of Commerce has revoked certain export licenses for Intel and Qualcomm, barring the chipmakers from selling consumer-related items to a Chinese customer, a move that is expected to impact Intel's second-quarter revenue. -
FTX Unveils Plan to Fully Repay Most Creditors, Proposes 118% Compensation for 98% of Claims
FTX, the once high-flying cryptocurrency exchange that imploded in November 2022, announced late Tuesday that it has recovered sufficient assets to pay back most of its creditors in full. The proposed reorganization plan, which requires approval from the U.S. Bankruptcy Court for the District of Delaware, aims to resolve disputes with governmental and private stakeholders without the need for costly and protracted litigation. 
FTX, the once high-flying cryptocurrency exchange that imploded in November 2022, announced late Tuesday that it has recovered sufficient assets to pay back most of its creditors in full. The proposed reorganization plan, which requires approval from the U.S. Bankruptcy Court for the District of Delaware, aims to resolve disputes with governmental and private stakeholders without the need for costly and protracted litigation.
