Trump Media Weighs Truth Social Spin-Off Amid $6B Fusion Energy Pivot 
Hyundai Motor Group to Invest $6.26 Billion in AI Data Center, Robotics and Renewable Energy Projects in South Korea 
CFTC Asserts Authority Over Prediction Markets Amid Insider Trading Concerns 
Anthropic Refuses Pentagon Request to Remove AI Safeguards Amid Defense Contract Dispute 
Coupang Faces Fallout from Data Breach and Rising Competition in South Korea’s E-Commerce Market 
Nvidia Earnings Beat Expectations as AI Demand Surges, Stock Rises on Strong Revenue Outlook 
Snowflake Forecasts Strong Fiscal 2027 Revenue Growth as Enterprise AI Demand Surges 
Toyota Plans $19 Billion Share Sale in Major Corporate Governance Reform Move 
Paramount Skydance to Acquire Warner Bros Discovery in $110 Billion Media Mega-Deal 
Panama Investigates CK Hutchison’s Port Unit After Court Voids Canal Contracts 
Star Entertainment Secures Debt Refinancing Deal with WhiteHawk Capital to Boost Liquidity 
Synopsys Q2 Revenue Forecast Misses Expectations Amid China Export Curbs and AI Shift 
Paramount Skydance Forecasts Soft Q1 Revenue as Streaming Growth Counters Linear TV Decline 
Netflix Declines to Raise Bid for Warner Bros. Discovery Amid Competing Paramount Skydance Offer 
BlueScope Steel Shares Drop After Rejecting Revised A$15 Billion Takeover Bid 
Coupang Reports Q4 Loss After Data Breach, Revenue Misses Estimates 
Fiat Chrysler Automobiles NV must be so proud of itself after seeing shares of its iconic brand, Ferrari NV, soar past expectations in its first day of training today.
Bloomberg said that Ferrari climbed as high as 17 percent at USD60.97 per share. Moreover, the car company reportedly made the stock attractive to users as it limited the percentage stake offered in the initial public offering, which is no more than 10 percent.
Detroit News said the Ferrari spinoff was a move by Fiat Chrysler to bolster funds to finance its ambitious five-year growth plan. On the first day of trading, Fiat Chrysler pull all the stops by creating a row of over a half-dozen Ferraris on Wall Street. Aside from the banners and the Italian flags, the company played the sound of cars revving at the exchange.
The total windfall Fiat Chrysler, including IPO proceeds and some EUR2.8 billion to be transferred to them thanks to the spin-off, was calculated at around USD4.2 billion, Reuters said.
