Tesla Inc (NASDAQ:TSLA) shares added about 4.6% to about $480 on Monday after CEO Elon Musk confirmed the company has made progress on testing of its Robotaxis, including moving towards driverless operation in select markets.
A Tesla Robotaxi was spotted driving in Austin, Texas, on Sunday without a safety driver. Musk later confirmed the video, posting on his social media platform X, “Testing is underway with no occupants in the car.”
Zillow (NASDAQ:Z) shares fell 8.5% on Monday after reports that Alphabet Inc (NASDAQ:GOOG)'s Google is testing a new mobile real estate advertising format that could challenge the online property portal’s lead-generation business.
The search giant’s new ad unit, developed in partnership with real estate analytics and brokerage firm ComeHome, allows users to view live MLS listings directly within Google search results and request home tours through a “Request a tour” button.
ServiceNow Inc (NYSE:NOW, XETRA:4S0) is reportedly in advanced discussions to acquire cybersecurity firm Armis in a deal valued at approximately $7 billion, according to a Bloomberg report.
Neither company has confirmed the talks.
iRobot Corporation (NASDAQ:IRBT), known for its Roomba robot vacuums, has filed for Chapter 11 bankruptcy in Delaware and will be bought by its main lender and manufacturer, Shenzhen Picea Robotics.
The company said the pre-packaged Chapter 11 filing is intended to strengthen its financial foundation, reduce debt, and allow continued operation while pursuing long-term growth and product development. The transaction is expected to be completed by February 2026.
Medicus Pharma (NASDAQ:MDCX) announced that it has completed enrollment of 90 patients in its Phase 2 clinical study evaluating a non-invasive treatment for basal cell carcinoma (BCC) of the skin.
The study, known as SKNJCT-003, is assessing the safety and efficacy of the company’s doxorubicin microneedle array (D-MNA) in patients with nodular BCC.
Graphene Manufacturing Group Ltd (TSX-V:GMG, OTCQX:GMGMF) has announced new test results for its graphene aluminium-ion battery, which the company says can recharge in roughly six minutes.
The Brisbane-based company said the technology, known as the Graphene Aluminium-Ion Battery (G+AI), is being developed with the University of Queensland under a joint development agreement with Rio Tinto, with testing support from the Battery Innovation Center of Indiana in the US.
Hikma Pharmaceuticals PLC (LSE:HIK, OTC:HKMPF) shares fell 1.45p to 1,494p, its lowest since late 2022, on news that Riad Mishlawi is stepping down as chief executive officer and from the board with immediate effect.
The decision was made by mutual agreement, the company said, with former CEO Said Darwazah, aged 68, assuming his old responsibilities, while the search for a new permanent boss takes place.