Filtronic PLC (LSE:FTC) shares jumped nearly 14% to an intraday high of 270p on Thursday after a record $68.1 million SpaceX order prompted Cavendish to reiterate its 'buy' rating and 290p price target. The contract covers Filtronic's Cerus E-band gallium nitride solid-state power amplifiers and is expected to be materially fulfilled during the 2028 financial year.
Filtronic PLC (LSE:FTC), the UK designer and manufacturer of advanced radio-frequency technology, has secured a $68.1 million follow-on order from SpaceX, its largest contract yet from the satellite company. The order covers Filtronic's Cerus E-band gallium nitride solid-state power amplifiers, which are used in high-frequency communications applications.
Agency aims to use its consumer-protection powers to examine whether AI labs have misled the public about dangers from the technology.
The request comes after billionaire Tilman Fertitta in May reached an agreement to buy Caesars Entertainment for $5.7 billion.
Launched on May 8, 2007, the First Trust Large Cap Growth AlphaDEX ETF (FTC) is a passively managed exchange traded fund designed to provide a broad exposure to the Large Cap Growth segment of the US equity market.
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Amazon shares came under pressure on Tuesday as investors weighed a new antitrust lawsuit from US regulators against the company's growing advertising business, while broader market weakness added to the selling pressure. Amazon stock was down nearly 1.8% in trading, extending Monday's decline after the Federal Trade Commission and 22 US states sued the e-commerce giant over allegations that it manipulated the prices advertisers paid to promote products on its marketplace.
Plus: George Santos gets Kalshi ban and G-20 warned of AI cyber threats.
Amazon is facing a new lawsuit from the Federal Trade Commission (FTC) and 22 states, which accuse the company of secretly charging businesses more for advertising on its platform.
Regulators say the e-commerce giant forced millions of advertisers to pay more than they should have. The company denies the claims.
Over $20 billion. That is how much money the FTC has accused Amazon of illegally gaining from “unwitting advertising customers.
This is a developing story. Check back for updates.