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Wolfspeed Tumbles as EV Slowdown and Survival Fears Mount

Editor May 9, 2025

Claim Your Starlink Pre-IPO Prospectus

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🔥 Zillow’s co-founder wishes people could have invested pre-IPO. So his new company is built different [adv]

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Nippon Steel exec headed to Washington next week in push for US Steel deal, source says
Semaphor, which first reported news of the visit, said Mori would meet with Trump administration officials during the trip,citing sources.U.S. Steel and Nippon Steel did not immediately respond to requests for comment.Former President Joe Biden blocked the proposed tie-up in January citing unspecified nationa … Read More >>

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Wolfspeed shares sink on going-concern fears, slowing EV sales hit annual revenue forecast
The company is squeezed between sluggish demand in the industrial and automotive markets, while rival Chinese manufacturers such as Sicc Co and EpiWorld International are gaining ground with inexpensive wafers, which are thin slices of semiconductor material used to make chips.Wolfspeed’s customers are also g … Read More >>

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White House confirms Trump fired Librarian of Congress
“There were quite concerning things that she had done at the Library of Congress in the pursuit of DEI and putting inappropriate books in the library for children,” Press Secretary Karoline Leavitt told reporters. “She has been removed from her position, and the president is well within his rights to do that. … Read More >>

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Bain Capital to buy PCI Pharma at $10 billion valuation, Bloomberg News reports
The buyout firm is in discussions with PCI’s backers — Kohlberg & Co, Mubadala Investment Co and Partners Group Holding AG — about a deal for a majority stake of the Philadelphia-based drug services provider, the report said.A representative for PCI declined to comment. PCI is a contractor that does … Read More >>

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