IlluMyFi

Nukkleus Inc. (NASDAQ:NUKK) shares are moving higher Wednesday on continued momentum following the company’s announcement that it took a 51% controlling stake in defense acquisition firm Star 26 Capital. Here’s what you need to know.What To Know: Nukkleus on Tuesday said it acquired a controlling stake in Star 26, which holds 95% ownership in RIMON, an Israeli supplier of critical components for the Iron Dome missile defense system and a developer of tactical vehicles for defense and intelligence agencies.The move marks a strategic shift from the company’s fintech roots into the defense sector. The deal, finalized over the weekend, has a total purchase price of $26 million, including cash, a promissory note ...Full story available on Benzinga.com

Sentiment

0.45

Bearish/Bullish

21.12.24 08:15

by benzinga.com

Google Announces Major Layoffs As Pichai Stresses Efficiency

Google (NASDAQ:GOOGL) has reduced its top management roles by 10% as part of a multi-year effort to streamline operations and boost efficiency.What Happened: On Wednesday, CEO Sundar Pichai revealed during an all-hands meeting that the move reflects Google’s broader push to simplify its structure and adapt to a rapidly evolving tech landscape.According to employees who attended the meeting, Pichai explained that the efficiency drive included changes to managerial, director, and vice president roles. Some positions were restructured to nonmanagerial roles, while others were eliminated entirely. The changes align with Pichai's 2022 statement that he ...Full story available on Benzinga.com