The Reserve Bank of Australia raised its benchmark cash rate by 25 basis points to 4.85 percent, marking an 18-year high in its fifth monetary tightening move this year. Facing stubborn domestic cost pressures, volatile Middle East energy disruptions, and elevated AI infrastructure spending, policymakers pushed back their inflation target timeline to late 2027. The split decision heaps further financial pressure on heavily leveraged Australian households as housing values soften and economic growth slows.
Marvell Technology has struck a definitive agreement to acquire optical components maker Lumentum in an all-stock transaction carrying an implied enterprise value of $115 billion. The combination represents one of the largest technology mergers in corporate history and directly targets the physical bottlenecks of artificial intelligence data centers. Wall Street greeted the transaction with immediate skepticism, sending shares of both companies lower amid dilution worries and regulatory scrutiny ahead of a planned 2028 closing.
Read the leadAnthropic has escalated its ambitions in biopharma by deploying its Claude AI models directly into active drug programs and acquiring early-stage biotech assets. Partnering with major pharmaceutical organizations and operating its own molecular biology laboratory, the company aims to move beyond molecular design into overcoming administrative, chemical, and operational bottlenecks. While early preclinical results show substantial gains in trial preparation and antibody optimization, researchers caution that human safety trials remain a formidable constraint.
1d ago · 5 minA malicious supply chain attack injected an SSH backdoor into the official Claude Code extension across alternative developer marketplaces, impacting up to 5,000 systems running the AI coding editor Cursor. The compromised package harvested sensitive system data and established reverse tunnels, though operational blunders by the attacker averted widespread unauthorized remote logins. Both Anthropic and Cursor have moved to contain the incident, but security analysts warn that simple uninstalls will not remediate already infected machines.
Binance has suffered a catastrophic security breach that siphoned roughly 6.3 billion dollars across multiple blockchains in less than an hour, making it the largest cryptocurrency theft on record. Blockchain investigators have attributed the intrusion with high confidence to North Korea's elite TraderTraitor cyber unit, prompting international law enforcement agencies including the FBI to intervene. Binance executives insist customer funds remain secure and have committed company reserves to absorb the losses, even as industry figures clash over the systemic vulnerabilities exposed by the attack.
Reddit will transition to a logged-in-only platform after artificial intelligence search features triggered a steep decline in traffic from external search engines. The company disclosed that search referrals dropped by more than one million visits per week on average in October, prompting Chief Executive Steve Huffman to prioritize registered user engagement and proprietary data defenses over open-web discoverability. Reddit plans to test mandatory login prompts in international markets before rolling them out globally, sparking an 18 percent post-earnings stock slide.
Boeing shares sank nearly 10 percent after management announced it will not stabilize 737 Max production at 47 aircraft per month until early 2027. The delayed manufacturing ramp-up forces the planemaker to abandon its full-year delivery target and sharply cut free cash flow forecasts for the coming two years. Despite winning certification milestones and sitting on a record order backlog, stubborn supply chain bottlenecks and wing assembly constraints continue to stall the aerospace giant's turnaround.
OpenAI announced that its internal artificial intelligence models produced research breakthroughs across mathematics, computer science, and theoretical physics, including a claimed refutation of the Exponential Time Hypothesis. To release the work without alienating the scientific establishment, the company introduced an experimental academic publishing model using external expert shepherds. The initiative disclaims academic authorship for OpenAI while leaving the intensive labor of verification to independent university researchers.
England's senior hospital doctors will stage a 48-hour walkout starting on November 25 following an escalating dispute over pay and working conditions. The British Medical Association announced the industrial action after negotiations stalled and the government proposed a below-inflation pay uplift. Hospital leaders and ministers have warned that the pre-winter stoppage will disrupt elective care, cancel routine procedures, and strain struggling health services.