Heidi Cuthbert

Mineral Resources (ASX:MIN) announced that it will shutter its Lucky Bay garnet mine in Western Australia.

OpenAI has unveiled its first custom-designed AI chip, called Jalapeño, developed in partnership with Broadcom (NASDAQ:AVGO).

Hudbay Minerals (NYSE:HBM) has completed its all-share acquisition of Arizona Sonoran Copper Company, with Arizona Sonoran now operating as a wholly owned subsidiary of Hudbay.

Gaxos (NASDAQ:GXAI) completed the sale of its gaming assets, including mobile games and Gaxos Gaming Labs, to privately held Game Foundry AI in an all-stock transaction valued at approximately $1.76 million.

Merck (NYSE:MRK) announced that the European Commission approved KEYTRUDA (pembrolizumab), in combination with Padcev (enfortumab vedotin-ejfv), as neoadjuvant treatment followed by adjuvant treatment after radical cystectomy for adults with resectable muscle-invasive bladder cancer who are ineligible for cisplatin-containing chemotherapy.

Powerlaw (NASDAQ:PWRL) is highlighting its exposure to the prediction market platform Kalshi following reports that the company has surpassed $2 billion in annualized revenue.

Dogecoin (CRYPTO:DOGE) extended its decline and fell below the US$0.08 support level, dropping to US$0.079 and reaching its lowest price in nearly three weeks.

Matrix Composites & Engineering (ASX:MCE) secured a $34 million contract to manufacture and supply subsea components for an international energy project.

BlackRock said Bitcoin (CRYPTO:BTC) may have a role as a portfolio diversifier, with the asset manager suggesting that allocations of around 1% to 2% could balance potential returns and risk.

Babylon Pump & Power (ASX:BPP) executed a recapitalisation plan to advance its transition into a dedicated water management rental business.