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  • Apple Goes American For Rare Earth Magnets, A Huge Hyperliquid Deal Hits Wall Street, And Banking Giants Get In On Quantum Computing

Apple Goes American For Rare Earth Magnets, A Huge Hyperliquid Deal Hits Wall Street, And Banking Giants Get In On Quantum Computing

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Apple Commits Half A Billion Dollars To Buying American Made Rare Earth Magnets

Apple (NASDAQ: AAPL) and MP Materials (NYSE: MP) formed a new partnership focused on the supply of rare earth magnets, in which Apple committed to purchasing $500 million of MP’s magnets to be used in the production of their iPhones and Mac products. The partnership represents the single largest purchase commitment that Apple has ever made for domestically produced rare earth magnets.

A Huge Hyperliquid Deal Hits Wall Street

Sonnet BioTherapeutics (NASDAQ: SONN) announced a merger with Rorschach I LLC to focus on accumulating Hyperliquid tokens. The new merger comes with $583 million of Hyperliquid tokens and $305 million in cash, marking the single largest deal yet in the traditional public markets focused on accumulating Hyperliquid to hold directly as an asset.

Banking Giants Are Getting In On Quantum Computing

Quantum Computing Inc (NASDAQ: QUBT) landed a new purchase order from a leading bank in the United States of America to deploy their quantum cybersecurity technology for the first time ever with a financial institution. The deal will explore and validate new research that leverages quantum computing technology for quantum key distribution, quantum authentication and quantum random number generation.

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