Spirit Airlines Gains Key Creditor Support for $500M Bailout Deal 
China’s Ultra-Cheap EV Boom: Why Electric Cars Cost Far Less Than in the U.S. 
DeepSeek V4 Launch Signals China’s Growing AI Independence with Huawei Chips 
Lightelligence IPO Soars Over 400% in Hong Kong Debut Amid Rising AI Investment Demand 
Nippon Express Stock Jumps as Elliott Investment Signals Strong Foreign Interest in Japan Logistics Sector 
Micro Systemation Reports Q1 Loss Amid Strategic Investments and Revenue Growth 
Nomura Shares Drop After Profit Miss Despite Strong Revenue Growth 
Novartis Q1 2026 Earnings Miss Expectations as Generic Competition Pressures Sales 
DeepSeek Slashes AI Model Pricing to Boost Adoption and Challenge Global Rivals 
Air Liquide Q1 Revenue Misses Estimates Amid Currency and Energy Headwinds 
WuXi AppTec Stock Surges on Strong Q1 Earnings and CRDMO Demand Growth 
Google Secures Pentagon AI Deal for Classified Projects 
U.S. Budget Airlines Seek $2.5 Billion Government Aid Amid Rising Jet Fuel Costs 
Judge Dismisses Elon Musk’s Fraud Claims Against OpenAI, Trial to Proceed on Remaining Allegations 
SMC Corp Stock Surges as Palliser Capital Pushes for Major Share Buyback 
Strait of Hormuz Shipping Crisis Deepens as Traffic Plunges Amid Iran-U.S. Tensions 
Chinese Chip Stocks Surge on AI Boom and Domestic Tech Push 
Applied Materials has terminated its $2.2-billion deal to acquire Japanese peer Kokusai Electric Corp. from KKR & Co. after failing to get a confirmation of timely approval from China’s regulator.
The termination comes as trade relations between the US and China become increasingly strained.
The Santa Clara, California-based Applied Materials had entered the deal in 2019, anticipating a rise in demand for memory chips used in 5G phones, AI-powered devices, and data centers.
According to Applied Materials, the deal did not require the approval of the US Justice Department.
Applied Materials will pay a termination fee of $154 million in cash to KKR HKE Investment for the deal, which was annulled on March 19.
