Pharma Bro Shkreli Bets Against AAOI — ‘Commodity Bottleneck Doesn’t Make A Great Company’

In a post on X, the former hedge-fund manager and well-known short seller wrote that he is “shorting $AAOI on the pop,” adding that “one year of bottleneck on a commodity product does not make a great company.” Shkreli’s thesis frames the company’s recent strength as the product of a short-lived supply crunch in optical … Read more

Netanyahu, Modi Vow to Strengthen India-Israel Bond Together

Israeli PM Benjamin Netanyahu lauded his friendship with PM Narendra Modi, vowing to strengthen bilateral ties. Their conversation focused on enhancing the India-Israel Special Strategic Partnership and addressing the ongoing situation in West Asia. Israeli Prime Minister Benjamin Netanyahu on Friday said that India and Israel will continue to strengthen their bonds. He made the … Read more

RDW Stock Gains More Than 55% In Record-Breaking Week – Here’s Everything That Drove The Super Run

State Street disclosed a passive stake of 7.3% in Redwire, according to a 13G filing on Friday. Redwire reported second-quarter revenue of $117.1 million, ahead of Wall Street expectations of $107.9 million, according to Fiscal.ai. Alliance Global and Cantor Fitzgerald raised RDW’s price target, citing a clear path to profitability. On Thursday, Redwire’s unit, SpaceMD, … Read more

India, African Union in touch to finalise dates for next summit: MEA

India and the African Union are working to finalize mutually convenient dates for the next India-Africa Summit, MEA spokesperson Randhir Jaiswal said. The summit was postponed due to the Ebola outbreak, in consultation with the African Union. India and the African Union are in touch to finalise mutually convenient dates for the next India-Africa Summit, … Read more

India, Russia renew pledge to boost defence industrial cooperation

India and Russia have renewed their pledge to accelerate defence industrial and technological collaboration during the fifth India-Russia Army Land System Sub-Group conference held in New Delhi from August 4 to 7. India and Russia have renewed their pledge to bolster confidence and accelerate defence industrial and technological collaboration during the fifth India-Russia Army Land … Read more

MEA debunks ‘fake news’ of India-Israel defence pact against new bloc

The MEA has debunked ‘fake news’ reports claiming India sought a defence pact with Israel to counter a new Pakistan-Saudi Arabia-Turkey alliance. While India is monitoring the trilateral pact, the MEA labelled the reports as malicious and fake. MEA Dismisses ‘Fake News’ on India-Israel Defence Pact The Ministry of External Affairs (MEA) on Friday dismissed … Read more