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Starship Reaches Orbit for the First Time on Flight 14, Deploys All 26 Starlink V3 Satellites
SpaceX says Starship reached orbit for the first time on its 14th test flight and deployed all 26 Starlink V3 satellites, but controllers shortened time on orbit after a Raptor vacuum engine shut down early during ascent.
U.S. Bans on Canadian Alcohol, Whey, Motorcycles and Molasses Take Effect Sept. 29
U.S. import bans on Canadian alcohol, whey, molasses and motorcycles over 800cc took effect just after midnight Sept. 29, covering an estimated $19.9 billion of imports, CBC and CNBC report.
Shell and Partners Approve LNG Canada Phase 2, Doubling Kitimat Capacity to 28 Mtpa
Shell and its four LNG Canada partners have taken a final investment decision to double Kitimat's capacity to roughly 28 mtpa from 14 mtpa, with Ottawa estimating C$33-billion in private capital, according to CNBC and The Globe and Mail.
San Diego Jury Orders Apple to Pay More Than $5.7 Billion to Taction Technology Over Taptic Engine Patents
A San Diego federal jury ordered Apple to pay more than $5.7 billion to Taction Technology over Taptic Engine haptics patents, a verdict Apple says it will appeal.
AMD to Acquire Fei-Fei Li's World Labs for About $8.2 Billion in All-Stock Deal, Its Second-Largest Ever
AMD has agreed to buy Fei-Fei Li's World Labs for about $8.2 billion in an all-stock deal, its second-largest acquisition on record, with Li set to become AMD's chief scientist and executive vice president. CNBC reports the transaction is expected to close later this year.
Stock Market Today: Health Care Leads While S&P 500 Slips
Health Care led the session while the S&P 500 slips. See the validated market scorecard, sector performance, and what traders are watching next.
Boeing 737 MAX 10 Certification Delayed Again on Software Issue; Shares Slide 5%
Boeing's 737 MAX 10 faces a new certification delay after U.S. regulators flagged a software issue, and Boeing shares fell 5% on Sept. 28, per Seeking Alpha and CNBC.
Transportation Department Finalizes Fuel Economy Rollback, Setting 34.9 MPG Fleet Target for 2031
The Transportation Department finalized a rule setting a 34.9 mpg fleetwide average by 2031, down from the 50.4 mpg Biden-era standard, drawing automaker praise and Sierra Club opposition.
Evonik Rejects BASF's €10.3 Billion Takeover Approach as Too Low, Sources Say
Evonik has rejected BASF's roughly €10.3 billion (about $11.7 billion) takeover proposal as too low, according to sources cited by the Financial Times and Reuters, with the RAG-Stiftung foundation's 44% stake seen as pivotal to any next steps.
SpaceX Reaches Orbit With Starship for First Time, Deploys 26 Starlink V3 Satellites on Flight 14
SpaceX's Starship reached Earth orbit for the first time on Flight 14, deploying 26 Starlink V3 satellites while one vacuum engine went out and both stages were set to splash down without a catch attempt.
Meta Creates Enterprise Platform Unit, Hires MongoDB CEO CJ Desai; MongoDB Shares Sink 25%
Meta has created a Meta Enterprise Platform unit and hired MongoDB CEO CJ Desai to lead it, CNBC reported, sending MongoDB shares down 25% as the board names Dev Ittycheria interim CEO.
Northern Star Board Unanimously Rejects Gold Fields' A$38.7 Billion Takeover Proposal, Shares Jump
Northern Star's board unanimously rejected Gold Fields' A$38.7 billion cash-and-share takeover proposal as materially undervaluing the miner; CNBC reported shares closed 6.15% higher after jumping more than 9%.
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