News

British steelmakers, Tata Steel and British Steel, warn that Trump's tariffs on steel and aluminum exports to the US are causing a decline in business and could lead to a surge of cheap imports, further squeezing profitability. They urge the UK government to take swift action to protect the industry from the potential diversion of steel originally bound for the US.

AstraZeneca abandoned a £450 million vaccine site expansion in northwest England due to missed government funding deadlines, raising concerns about the UK's attractiveness for pharmaceutical investment. The company cited the missed August deadline for a £90 million grant as the reason for the project's collapse, despite a later offer of £75 million.

Tron (TRX) experienced a significant price increase on Tuesday, October 31st, 2023, following an announcement by Justin Sun regarding the coin's integration with the Solana blockchain. This news sparked excitement within the cryptocurrency community, leading to a surge in TRX's value and trading volume.

Solana futures launched on the Chicago Mercantile Exchange this week, but initial trading activity fell short of expectations compared to major cryptocurrencies like Bitcoin and Ethereum. The subdued performance is likely attributed to a combination of factors, including muted risk appetite in the broader market and the absence of a strong bull market or a rally in alternative cryptocurrencies.

NVIDIA's AI infrastructure buildout is still in its early stages, despite investor skepticism, with CEO Jensen Huang emphasizing the need for continued development. The company announced a partnership with General Motors for autonomous vehicles, but skepticism remains about GM's ability to compete in this rapidly evolving market.