News

President-elect Donald Trump has threatened European Union member states with punitive tariffs if they fail to purchase more American oil and gas, potentially reigniting a transatlantic trade war. This move comes as Trump insists on reducing the EU's trade surplus with the US and is prepared to impose tariffs on European exports unless the EU buys more American goods and services.

OpenAI's "12 Days of OpenAI" event culminated in the unveiling of o3, a next-generation reasoning model that marks a significant leap forward in AI capabilities. o3 boasts enhanced reasoning and coding abilities, achieving a remarkable 87.5% score on the ARC-AGI benchmark, tripling its predecessor's performance.

Rhythm Pharmaceuticals, a developer of treatments for rare obesity disorders, saw its stock rise 1.71% to $56.43 on Friday, as Oppenheimer initiated coverage with an Outperform rating and a $76 price target. The company's focus on rare obesity disorders, where standard treatments often fail, and its progress in treating hypothalamic obesity are key drivers of this positive outlook.

Enovix Corporation has shipped its first samples of the second-generation EX-2M battery to mobile phone customers, demonstrating a 10% improvement in energy density compared to the first-generation EX-1M batteries. The company remains on track to complete site acceptance testing for the high-volume manufacturing line at its Malaysian facility by the end of the month.

Rumble Inc. (RUM) received a significant boost on Friday with the announcement of a $775 million investment from Tether, a leading stablecoin issuer. This strategic partnership sent Rumble's stock price soaring by 50.7% in after-hours trading, reflecting investor confidence in the company's future prospects.