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Posts published in “Business”

Nethermind Moves Cross-Chain Operations From LayerZero to Chainlink 

TLDR Nethermind shifts cross-chain operations from LayerZero to Chainlink after review. Nethermind joins Chainlink as a node operator supporting CCIP and Data Feeds. Chainlink gains Nethermind as another major provider of cross-chain infrastructure. Nethermind ends its LayerZero verifier role and focuses cross-chain work on CCIP. Nethermind brings Ethereum engineering expertise to Chainlink’s growing network...

FalconX and Ethena Launch $1B Facility to Expand Institutional Crypto Lending 

TLDR FalconX and Ethena launch a $1B facility for secured institutional crypto loans. Ethena will deploy USDe backing assets into overcollateralized institutional credit. FalconX will originate loans and manage collateral under the new $1B facility. The deal expands Ethena’s USDe backing beyond traditional crypto basis strategies...

Today’s Top Stories: Moderna, Merck, Marvell and SK Hynix Make Big Moves on Wall Street

TLDR Moderna and Merck’s personalized mRNA cancer vaccine met all endpoints in a Phase 3 melanoma trial Marvell Technology struck an expanded AI chip deal with Google worth a potential $120 billion through 2033 Estée Lauder surged around 18% after issuing a stronger-than-expected profit forecast for fiscal 2027 SK Hynix announced a $28.6 billion share

Tempus AI (TEM) Stock Surges 24% on Merck and Moderna Cancer Vaccine Win

TLDR Tempus AI stock jumped nearly 24% after Merck and Moderna reported a Phase 3 win for their cancer vaccine The news boosted the value of Tempus AI’s $1.5 billion deal to acquire Personalis, which provides gene-sequencing tech for Moderna’s cancer program TEM reported its first-ever quarterly GAAP net profit of $5.6 million in Q2