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GitLab Broadens Google Cloud Collaboration to Support AI Agents

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GitLab (GTLB) said late Tuesday it expanded its collaboration with Alphabet's (GOOGL, GOOG) Google Cloud, allowing customers to use Google's Vertex AI models to power the GitLab Duo Agent Platform.

The integration lets joint customers call Google's AI models directly inside GitLab, with that usage counting toward their existing Google Cloud spending commitments. GitLab said the move pairs Google's model performance with GitLab's built-in security, compliance and audit controls.

GitLab shares rose 6.5% in after-hours trading, and Alphabet was little changed.

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Revolution Medicines Plans Common Stock, Senior Notes Offerings

Revolution Medicines (RVMD) said late Monday it plans to offer $750 million of common stock and $250 million aggregate principal amount of convertible senior notes due 2033 in separate public offerings, subject to market and other conditions.The company expects to grant the underwriters a 30-day option to buy up to an additional $112.5 million of common stock and up to an additional $37.5 million principal amount of notes to cover over-allotments.Revolution Medicines said it plans to use net proceeds from both offerings for general corporate purposes.

$RVMD
Wire

Top Cryptocurrencies Rise; Bitcoin Tops $73,000

Major digital assets rose Monday, with Bitcoin (BTC-USD) topping $73,000.The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, rose 1.7% in the past 24 hours. The Nasdaq 100 gained 1.2%, the S&P 500 increased 1%, and the Dow Jones Industrial Average climbed 0.6%.Bitcoin rose 3.3% to $73,436, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume surged 54% to $43.5 billion.Ethereum (ETH-USD), the second-largest digital asset by market value, gained 2.8% to $2,262.XRP (XRP-USD) climbed 1.5%, BNB (BNB-USD) rose 2.5%, and Solana (SOL-USD) added 2.2%. Dogecoin (DOGE-USD) increased 2%, while Cardano (ADA-USD) advanced 1.1%.The US 10-year Treasury yield stood at 4.295% at 3 p.m. ET Monday, down from 4.315% Friday, while the five-year yield fell to 3.913% from 3.939%.The total market value of the cryptocurrency industry advanced 1.7% in the past 24 hours to $2.46 trillion, with trading volume gaining 2.8% to $150.1 billion.Price: $73404.59, Change: $+2663.29, Percent Change: +3.76%

$ADA-USD$BNB-USD$BTC-USD$DOGE-USD$ETH-USD$SOL-USD$XRP-USD
Wire

Sector Update: Energy

Energy stocks were lower late Monday afternoon, with the NYSE Energy Sector Index down 0.2% and the State Street Energy Select Sector SPDR ETF (XLE) shedding 0.3%.The Philadelphia Oil Service Sector Index added 0.5%, and the Dow Jones US Utilities Index was falling 1.5%.Front-month West Texas Intermediate crude oil was rising 1.1% to $97.65 a barrel, and the global benchmark Brent crude contract was advancing 3.2% to $97.65 a barrel. Henry Hub natural gas futures shed 0.7% to $2.63 per 1 million BTU.In corporate news, TotalEnergies (TTE) shares added 0.2% after it said Monday that it has signed a memorandum of understanding with Turkey's state energy company TPAO to pursue exploration opportunities.

$TTE