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- MAC Copper Surges 22%
MAC Copper Surges 22%
Trump Moves to Cut $100M in Federal Contracts With Harvard
Finance Megaphone
May 27, 2025
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At Finance Megaphone, we bring you the latest and most relevant updates from the world of finance. Whether it's market trends, breaking news, or insights from industry experts, we’ve got you covered. Stay informed, stay ahead, and make smarter financial decisions with the news that matters most.
Let’s dive into what’s happening in the market today!
Pratt & Whitney Strike Ends as Workers Approve New Contract
MAC Copper Surges 22% as Harmony Gold Strikes $1.03B Buyout Deal
Trump Moves to Cut $100M in Federal Contracts With Harvard Amid Antisemitism Crackdown
Pratt & Whitney Strike Ends as Workers Approve New Contract
After nearly a month on strike, around 3,000 Pratt & Whitney workers in Connecticut have approved a new contract offer from RTX by 74%, ending the company’s first labor strike in over 20 years. The dispute centered on keeping production of F-35 fighter jet engines in-state, a key demand from the International Association of Machinists and Aerospace Workers. The resolution reaffirms the company’s commitment to sustaining jobs tied to both the F-35 and Airbus A320neo programs, signaling stability for major aerospace projects.
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MAC Copper Surges 22% as Harmony Gold Strikes $1.03B Buyout Deal
MAC Copper (MTAL) stock soared over 22% after Harmony Gold (HMY) announced a $1.03 billion acquisition, offering shareholders $12.25 per share—a 20.7% premium. The deal hands Harmony the CSA Copper Mine in Australia, which produced 41 kilotons of copper in 2024 and is expected to boost cash flow and margins. Shareholders will vote on the offer in Q4, with completion subject to regulatory approval and 75% shareholder approval. The acquisition marks Harmony’s strategic expansion into high-quality copper assets.
Trump Moves to Cut $100M in Federal Contracts With Harvard Amid Antisemitism Crackdown
The Trump administration is moving to cancel all remaining federal contracts with Harvard University, escalating a high-profile conflict over allegations of antisemitism and discrimination. Federal agencies have been instructed to review and potentially terminate contracts worth an estimated $100 million, citing Harvard’s alleged failure to address antisemitism, race-based admissions practices, and its resistance to federal demands. This follows previous moves to freeze over $2.6 billion in research funding, block international student enrollment, and threaten the loss of Harvard’s tax-exempt status. The university is fighting back in court, securing a temporary order to protect foreign students as tensions rise.
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-Pratt & Whitney: Workers end strike after approving new contract.
-MAC Copper: Bought by Harmony Gold for $1.03B; shares surge.
-Harvard: Trump moves to cancel $100M in federal contracts over antisemitism claims.— Finance Megaphone (@Financemeg_news)
6:15 PM • May 27, 2025
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That’s a wrap for this edition of Finance Megaphone.
We hope the insights and updates we’ve shared help you stay informed and ready to take on the market. Remember, knowledge is power, and we’re here to keep you in the know every step of the way. Be sure to check back next edition for more timely news, expert analysis, and the latest trends in the financial world.
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