The combined entity, which will change its name to Cox Communications within one year of the deal's closing, will assume Cox's approximately $12 billion in outstanding debt.
T-Mobile and Palo Alto Networks launch a joint 5G security solution for enterprises and government, combining Zero Trust architecture with embedded network safeguards to protect data.
Tesla added features to the off-lease cars through software upgrades and sold them to new customers who paid more than lease-end buyers would have, Reuters reported.
The company’s CFO expressed optimism about meeting its full-year guidance, which includes adjusted earnings per share of $2.50 to $2.60 and a YoY net sales increase of 3% to 4% at constant currency.
CEO Lisa Su said the new stock buyback authorization underlined the board's confidence in the company's strategic direction, growth prospects, and ability to consistently generate strong free cash flow.
CEO Chuck Robbins noted momentum with AI, fueled by "the power of our secure networking portfolio, our trusted global partnerships, and the value we bring to our customers."
The company also announced a collaboration and license option agreement with ADARx Pharmaceuticals to develop small interfering RNA (siRNA) therapeutics across multiple disease areas, including neuroscience, immunology, and oncology.
The one-time $60 million equity award in nonqualified stock options will vest after three years, and no additional annual equity awards will be granted during the first three years of Steve Hemsley’s employment.
The company’s enhanced version of Direct Liquid Cooling (DLC-2) technology is expected to slash electricity use by 40% and the cost of ownership by up to 20%.
The company said it is actively investigating the incident with the assistance of external cybersecurity experts and is in the process of restarting the affected operations.
