May 12 (Reuters) - Leidos Holdings ( LDOS ) said on Tuesday the U.S. Army has awarded a $2.7 billion contract to the defense contractor to move its hypersonic weapons from prototype development into production. Hypersonic weapons, which are at the center of an arms race between the U.S. and China, can travel at more than five times the speed...

01:10 PM EDT, 05/12/2026 (MT Newswires) -- (Updates with PayPal's ( PYPL ) response to a request for comment in the last paragraph.) The Department of Justice said Tuesday it secured a settlement with PayPal ( PYPL ) under which the company must launch a new Small Business Initiative that excludes criteria based on national origin, race or other protected...

Under Armour, Inc. ( UAA ) shares fell Tuesday after the company reported fourth-quarter results that missed Wall Street earnings expectations and warned that Middle East-related supply chain disruptions will continue weighing on margins in fiscal 2027. During the quarterly conference call, the company said the disruptions increased freight and sourcing costs during the quarter. Under Armour ( UAA )...

C3.ai, Inc. ( AI ) shares are trading lower on Tuesday as the company announced preliminary financial results for its fourth quarter and full fiscal year. Also, the company disclosed notable executive leadership changes. The stock’s decline comes amid a broader market context where major indices are also experiencing losses, with S&P 500 futures down 0.4%. The company disclosed that,...