SpaceX wins first Pentagon contract for Starshield

An uncaptioned image posted on the company's website appears to show Starshield technology in orbit.SpaceXThe Pentagon has awarded Elon Musk's SpaceX its first confirmed contract for the Starshield network it's developing, a military-specific version of the company's Starlink satellite internet system, the defense agency said Wednesday.A Space Force spokesperson...

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AstraZeneca, Bristol Myers Squibb in Medicare drug price negotiations

In this photo illustration, Farxiga is made available to customers at the New City Halsted Pharmacy on August 29, 2023 in Chicago, Illinois.Scott Olson | Getty ImagesAstraZeneca, Bristol Myers Squibb and Boehringer Ingelheim on Wednesday told CNBC they will agree to participate in the first round of Medicare drug...

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FAA closes investigation into Blue Origin’s New Shepard rocket failure

The moment of the anomaly during the New Shepard cargo mission NS-23, in which the booster's engine failed.Blue OriginThe Federal Aviation Administration closed its investigation into last year's failed flight of a cargo mission by Jeff Bezos' Blue Origin, the regulator announced Wednesday.Blue Origin is required by the FAA...

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House grills Gensler over shut down, CAT and climate rule

SEC Chair Gary Gensler faced rounds of grilling and scolding at a House Financial Services Committee hearing Wednesday, with Republicans focused on the agency’s efforts on climate-related disclosures, crypto regulation, artificial intelligence, the Consolidated Audit Trail and overall pace of rulemaking. The hearing occurred just ahead of a likely government...

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Stocks making the biggest moves after hours: MU, PTON, JEF

The Micron Technology Inc. offices in Shanghai on April 6, 2023.Qilai Shen | Bloomberg | Getty ImagesCheck out the companies making headlines in extended trading.Micron Technology — The chip stock slid 4% in extended trading after Micron offered weaker-than-expected earnings guidance for the current quarter. Micron said to expect...

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As Rates Rise, Consider Fixed Income that Floats.

Volume & Velocity When it comes to loans of this kind, another core component of return is the “upfront economics” of the transaction. This is the structuring fee that the lender receives up front for structuring and completing the transaction. Therefore, higher transaction volume leads to more upfront fees passed...

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Peloton shares soar on partnership with Lululemon

Jen Van Santvoord rides her Peloton exercise bike at her home in San Anselmo, California.Ezra Shaw | Getty ImagesPeloton shares spiked Wednesday after the company announced a five-year partnership to develop digital fitness content for Lululemon. As part of the agreement, Lululemon will become Peloton's primary athletic apparel provider....

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Break Down Data Barriers with SFS Consulting

Over the past year, Scientific Financial Systems has provided Consulting Services to a number of clients. Our experienced team of Quantitative Finance and Technology professionals are helping people like you in three critical areas:Data Integration or Migration Support:Are you planning to upgrade your investment research data infrastructure, add new...

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Account fees, bonuses likely topics at Cetera, Avantax confab

Cetera Financial Holdings senior management is planning a webinar Thursday afternoon with Avantax Inc.’s financial advisors to discuss questions raised by some of the 3,100 advisors in the wake of Cetera’s announcement earlier this month that it’s buying the tax-specialized broker-dealer for $1.2 billion. The advisors have plenty of questions...

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