business news
Kash Patel sues The Atlantic for $250 million over alcohol abuse claims
FBI Director Kash Patel testifies before a Senate Judiciary Committee hearing on oversight of the Federal Bureau of Investigation, on Capitol Hill in Washington, D.C., U.S., September 16, 2025. Jonathan Ernst | Reuters FBI Director Kash Patel on Monday morning filed a lawsuit seeking $250 million in damages from The Atlantic magazine for what he […]
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Sandwich chain Jersey Mike’s confidentially files for IPO
A Jersey Mike’s restaurant in Walnut Creek, California, Nov. 21, 2024. David Paul Morris | Bloomberg | Getty Images Jersey Mike’s has confidentially filed for an initial public offering, the company said on Monday. The announcement comes more than a year after Blackstone bought a majority stake in the sandwich chain in a deal that […]
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Investors are misreading news about the Iran war, analysts say as markets whipsaw
An Iranian flag flutters as a woman walks past damaged buildings amid a 10-day ceasefire between Lebanon and Israel, in the southern suburbs of Beirut, Lebanon, April 20, 2026. Marko Djurica | Reuters “Complacent” investors risk getting wrong-footed as they continue to misread developments in the Iran war, analysts said after markets reacted to the […]
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Eli Lilly agrees to acquire cancer drug maker Kelonia in deal worth up to $7 billion
The Eli Lilly logo appears on the company’s office in San Diego, California, U.S., Nov. 21, 2025. Mike Blake | Reuters Eli Lilly will acquire biotech company Kelonia Therapeutics in a deal worth up to $7 billion, the company said Monday. Lilly will pay $3.25 billion upfront, and the remaining payments are contingent upon clinical, […]
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AST SpaceMobile shares drop after its satellite is placed in wrong orbit by Bezos’ Blue Origin
Key Points Blue Origin acknowledged the satellite was placed into a lower-than-planned orbit, but hasn’t commented since it was deemed lost. Analysts expect limited impact on AST SpaceMobile’s finances, but worry the news could dent investor sentiment on the stock. Source
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U.S. seizes Iranian-flagged ship, Warsh’s big week, Cursor funding and more in Morning Squawk
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Good morning. The Boston Marathon is today, and I’m feeling particularly inspired by this runner who went from being partially paralyzed to running in this year’s race. Stock futures are falling this morning. The three major indexes are coming off a winning […]
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USA Rare Earth to buy Brazil’s Serra Verde for $2.8 billion to build supply outside Asia
USA Rare Earth has announced plans to buy Brazilian rare earths miner Serra Verde in a deal worth $2.8 billion in cash and shares, as it seeks to challenge China’s dominance of the supply chain. The Oklahoma-headquartered company said it will pay $300 million in cash and $126.9 million in its own newly issued stock […]
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Stocks making the biggest moves premarket: American Airlines, Marvell Technology, Strategy & more
Check out the companies making the biggest moves premarket: Airlines — The group was under pressure Monday as investors worry that renewed U.S.-Iran tensions will keep energy prices elevated and push consumers to travel less. American Airlines , Delta Air Lines and United Airlines were all down more than 2% before the bell. JetBlue Airways […]
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Kevin Warsh would be the first tech bro Fed chair. How Silicon Valley shaped him
With his penchant for suits, ties and sweater vests, Federal Reserve chair nominee Kevin Warsh doesn’t share the rumpled look of many of the Silicon Valley entrepreneurs he calls friends. But they still count him as one of their own. “You wouldn’t be hanging out with us if you were as normal as you claim […]
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