Cenovus Energy Inc (TSX:CVE) announced on Tuesday an agreement to sell its 50% interest in WRB Refining LP (WRB) to its joint venture partner Phillips 66.
Cenovus will receive US$1.4 billion in cash, or about C$1.9 billion.
CaliberCos (NASDAQ:CWD) shares rose sharply after the company announced it has completed its initial purchase of Chainlink (LINK) tokens, marking the first step in its newly launched Digital Asset Treasury (DAT) strategy.
The Scottsdale-based real estate and digital asset management platform said the transaction serves as a system test and represents the beginning of a broader plan to accumulate LINK tokens gradually over time.
UnitedHealth Group Inc (NYSE:UNH, ETR:UNH) shares moved up 4% to about $333 in late-morning trading on Tuesday after the health insurer reaffirmed its full-year 2025 financial guidance.
The company confirmed its 2025 forecast of adjusted earnings of at least $16 per share with revenue in the range of $445.5 billion to $448 billion.
Wolfspeed Inc (NYSE:WOLF) shares surged 49% to $1.84 in early trading on Tuesday after the provider of silicon carbide technology said it has received court approval for its reorganization plan that will allow the company to emerge from bankruptcy.
Wolfspeed noted it anticipates emerging from Chapter 11 protection in the next several weeks, at which point it expects to reduce its debt by about 70%.
CoreWeave (Nasdaq: CRWV) shares gained 8% to about $100 in early Tuesday trading after the cloud infrastructure company announced that it has launched a venture fund to invest in artificial intelligence (AI) startups.
CoreWeave’s newly created CoreWeave Ventures fund will offer company founders a wide variety of capital investment models to help companies scale, offer access to the CoreWeave cloud platform, and provide insights on product and go-to-market strategies shaped by CoreWeave’s relationships with hundreds of enterprises and AI-first organizations.
Microsoft Corp (NASDAQ:MSFT) has agreed a contract worth as much as $19 billion with Nebius to lease computing power for its artificial intelligence operations over the next five years.
The deal underscores the intense competition for the high-performance chips required to run AI models.
Eightco Holdings Inc (NASDAQ:OCTO) saw its shares skyrocket after announcing a $250 million private placement to adopt Worldcoin as its primary treasury reserve asset, alongside a $20 million strategic investment from BitMine Immersion Technologies.
Shares of Eightco surged over 8,000% to above $80 at one points on Monday, before closing at $45.08, up 3,009% on the day.
Quantum Base Holdings PLC (LSE:QUBE) shares jumped in Tuesday's trade after it expanded an agreement with its largest customer, a major international security printer, adding £250,000 of new revenue.
The deal, signed under a framework agreement, allows the customer to market and sell Quantum Base’s Q-ID technology. The expanded terms include new features and support for more devices, with the Q-ID now compatible with 170 smartphone models.
Orosur Mining Inc (AIM:OMI, TSX-V:OMI) shares soared in Tuesday's trade after it reported latest drill results from its Pepas prospect, at the Anzá gold project in Colombia.
The company released assays from six new holes, including 47.25 metres at 15.25 g/t gold from PEP055.
Anglo American PLC (LSE:AAL) and Teck Resources Ltd (TSX:TCK) have agreed to merge in an all-share transaction to form a new company, Anglo Teck, that would be the second-largest listed copper producer in the world.
The combination is positioned as a merger of equals, creating a group valued at around £40 billlion ($54 billion), though Anglo American shareholders are set to own 62.4% of the new group and Teck shareholders 37.6%.