latest news in companies
Slate Automotive Shocks Market with $24,950 Electric Pickup Truck Price Tag
Detroit, Thursday, 18 June 2026.
Slate Automotive has set the stage for a seismic shift in the electric vehicle market with its leaked $24,950 starting price for the Slate Truck. This bold pricing undercuts competitors and positions the no-frills EV as the most affordable new pickup in America. But can Slate deliver on performance and profitability? With cold-weather testing raising concerns and Ford’s $30,000 EV pickup looming, industry analysts are watching closely. The official reveal on June 24 could redefine budget-friendly electric mobility—or expose the limits of ultra-low-cost EV manufacturing.
Intel's Stock Skyrockets as Apple Shifts Chip Production to the U.S.
Washington D.C., Thursday, 18 June 2026.
Intel’s shares surged 9% after Donald Trump announced a groundbreaking partnership with Apple to design and manufacture chips domestically—a move that could reshape the semiconductor industry. This deal marks Apple’s first major shift away from overseas suppliers like TSMC, aligning with U.S. efforts to bolster domestic tech independence. With Intel’s market cap now exceeding $600 billion, the collaboration underscores how national policy is driving corporate strategy in the high-stakes chip race.
Alvotech Secures $165 Million to Fuel Biosimilar Breakthroughs
Reykjavik, Thursday, 18 June 2026.
Alvotech has successfully closed a $165 million capital raise through a public offering and private placement, marking one of the largest funding rounds in biosimilar development this year. The proceeds will accelerate the company’s pipeline of nine biosimilar candidates, targeting high-cost biologics like Humira and Stelara. What makes this raise stand out? It signals strong investor confidence in Alvotech’s ability to disrupt the $300 billion global biologics market with affordable alternatives. With five approved biosimilars already on the market, this funding could position Alvotech as a leader in the next wave of cost-saving therapies.
Amer Sports Shatters Records: How China and Digital Sales Drove a 489% Profit Surge
Portland, Thursday, 18 June 2026.
Amer Sports just reported its most explosive financial year yet—2025 revenue soared 26.7% to $6.57 billion, while net profit skyrocketed an astonishing 489%. The secret? A relentless push into China’s booming market and a digital-first sales strategy. Brands like Arc’teryx and Salomon led the charge, turning the company into a powerhouse in premium sportswear. This isn’t just growth; it’s a financial transformation.
World’s First Industrial CO₂ Carrier: A Game-Changer for Carbon Capture
Winterthur, Thursday, 18 June 2026.
A Swiss engineering firm has secured a historic contract to build compressors for the first industrial-scale ship designed to transport liquefied CO₂. This breakthrough project, part of Europe’s Northern Lights initiative, will store up to 5 million tons of CO₂ annually by 2026—proving large-scale carbon transport is now a reality. The technology could redefine global emissions reduction efforts.
A Decade of Tech Leadership: How Lantronix India is Shaping the Future of AI and IoT
Bengaluru, Thursday, 18 June 2026.
Lantronix India celebrates 10 years as a powerhouse in AI and industrial IoT, driving India’s digital transformation. With over 120 experts, it’s now a key player in smart infrastructure, aligning with national tech self-reliance goals.
Why L'Oréal's Bold Move in India Could Reshape the Global Beauty Market
Mumbai, Thursday, 18 June 2026.
L’Oréal just acquired a majority stake in Innovist, India’s fastest-growing digital-first personal care company. This strategic move taps into India’s booming beauty market, projected to become the world’s third-largest by 2030. Innovist’s science-backed, transparent brands like Bare Anatomy are redefining consumer trust—while L’Oréal gains a direct line to 1.4 billion digitally savvy shoppers. The deal signals a seismic shift: legacy giants are now racing to acquire digital-native disruptors to stay relevant. With India’s e-commerce beauty sales surging 30% annually, this acquisition could be L’Oréal’s masterstroke in dominating the future of beauty.
Nestlé Elevates Sustainability to the Executive Core with New Leadership Appointment
Vevey, Thursday, 18 June 2026.
Nestlé has merged its sustainability and communications roles under Antonia Wanner, signaling a bold shift toward embedding ESG at the highest level. This unprecedented move, effective immediately, positions Wanner as a key architect of the company’s future amid rising stakeholder demands for accountability and transparency.
Summer Travelers Get a 1% Cashback Boost on Global QR Payments—Here’s Why It Matters
London, Thursday, 18 June 2026.
iFAST Global Bank is offering a 1% cashback on worldwide QR payments, just in time for summer travel. This move could reshape how travelers spend abroad, with potential ripple effects on tourism economies. The campaign, capped at £10 per customer, is a strategic play to challenge fintech giants like Revolut and Wise in the digital payments race.
Breakthrough Oral Drug Shows Promise Against Deadly Fungal Infections
London, Thursday, 18 June 2026.
A new oral antifungal, olorofim, achieved a 23.8% mortality rate in a Phase 3 trial—matching the standard treatment but with fewer side effects. If approved, it could be the first novel antifungal in over 20 years, offering hope for patients with life-threatening infections.