FINWIRES · TerminalLIVE
FINWIRES

Synopsys Supports NASA Artemis Program With Simulation Work

By

Synopsys (SNPS) said Tuesday it is working with the US National Aeronautics and Space Administration and partners to support the development of the Artemis program through simulation of spacesuit performance and lunar communications systems.

Financial terms were not provided.

The company and Electro Magnetic Applications were selected to study electrical charging effects on spacesuits exposed to lunar conditions, using simulation software and testing to assess risks to onboard systems, Synopsys said.

The work includes evaluating materials and design configurations under simulated space environments, the company said.

Synopsys said it is also collaborating with Cesium, part of Bentley Systems (BSY), and NASA to model communication networks on the Moon, including analysis of antenna performance and signal coverage using digital simulations.

Shares of Synopsys and Bentley were up 2.4% and 2% respectively in early trading Tuesday.

Price: $427.62, Change: $+9.85, Percent Change: +2.36%

Related Articles

Wire

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