Levi Strauss & Co (NYSE:LEVI) reported first-quarter earnings that exceeded Wall Street expectations on Tuesday, lifting shares in after-hours trading as the apparel maker signaled confidence in its ongoing turnaround.
The San Francisco-based company posted adjusted earnings per share of $0.42, above analysts’ consensus of $0.37, on revenue of $1.74 billion, beating forecasts of $1.65 billion.
Broadcom Inc (NASDAQ:AVGO, XETRA:1YD) shares has risen 5.6% by Tuesday afternoon following the announcement of key supply agreements with Google and Anthropic as investors cheered the chipmaker’s expanding role in the AI accelerator market.
Under the agreements, Broadcom will serve as a five-year TPU design and networking supply partner for Google, supporting the tech giant’s next-generation AI racks. In parallel, Broadcom will provide Anthropic with 3.5 gigawatts of TPU capacity starting in 2027, a modest increase from prior agreements.
Intel Corp (NASDAQ:INTC, XETRA:INL) has announced that it is joining Elon Musk’s TeraFab initiative, a project aimed at building large-scale semiconductor fabs to supply chips for AI, robotics, and space applications.
The announcement was made on Tuesday via a post on Musk’s social media platform X, without accompanying press releases or filings.
Apple Inc (NASDAQ:AAPL, XETRA:APC) shares fell almost 4% on Tuesday after Nikkei Asia reported that Apple is encountering more engineering challenges than anticipated during the early test production phase of its foldable iPhone, potentially delaying the device’s launch into 2027.
The foldable iPhone is currently undergoing engineering verification testing, a critical stage that evaluates new designs before mass production. Sources cited by Nikkei Asia said the technical issues are more complex than expected, prompting Apple to notify component suppliers that production schedules could be pushed back.
Shares of US health insurers surged on Tuesday morning after the Trump administration announced that Medicare Advantage payments will increase more than initially projected.
The Centers for Medicare & Medicaid Services (CMS), which oversees government-funded health programs including Medicare, said it will raise payments to private Medicare insurers by a net average of 2.48% in 2027.
Paramount Skydance Corp (NASDAQ:PSKY) has reportedly obtained commitments of nearly $24 billion from three Middle Eastern sovereign wealth funds to support its proposed acquisition of Warner Bros. Discovery.
As first reported by the Wall Street Journal, Saudi Arabia’s Public Investment Fund will provide approximately $10 billion, while state-backed funds from Qatar and Abu Dhabi will supply the remainder of the $24 billion in equity commitments. The foreign investors are not expected to take governance roles or seats on the board.
Record Resources Inc (TSX-V:REC) announced that it has received legacy 3D seismic data from the Directorate General of Hydrocarbons under Gabon's Ministry of Petroleum and Gas, covering the full extent of the Ngulu block offshore central Gabon, in which the company has a 20% working interest.
The datasets include the 1993 Mandaros 3D seismic survey over the eastern portion of the block, and the 2001 Moabi 3D seismic survey for the western portion, alongside existing well data and reports.
Haydale Graphene (LSE:HAYD, OTC:HDGHF, FRA:6HG) shares rose 10.54% to 0.31p after the group said its SaveMoneyCutCarbon platform has expanded its partnership with Wave Utilities into an exclusive multi-year framework expected to deliver at least £1.0 million in recurring annual revenue.
The agreement makes SaveMoneyCutCarbon Wave’s exclusive external delivery partner for water-efficiency audits and gives it right of first refusal on funded water-efficiency projects.