Luda Technology Group Limited Provides Response to Unusual Market Action

Luda Technology Group (AMEX:LUD) said it will supply pipeline fittings worth about 1.6 billion yuan, or $240 million, to Shandong Yulong Petrochemical for the first phase of the Yulong Island refining and chemical project. The company said the award builds on a prior stainless steel flanges tender and could support financial performance. Shares were up 9.34% to $4.50.

SpaceX (SPCX) is in talks to access 80,000 U.S. cell sites, including negotiations with Crown Castle (CCI), to build a nationwide wireless network. The initiative, backed by FCC approval and spectrum acquisitions, aims to challenge incumbent carriers. CCI stock surged 10% post-earnings on potential leasing deals.

Rio Tinto plans to invest $1.9 billion in the Kangwinan bauxite project in Queensland, Australia, adding 20 million tonnes of annual production capacity by 2032. The project will replace output from the Andoom mine and compensate for the end of Gove mine production. Construction is set to begin in 2027, with an expected internal rate of return of 22%.

AptarGroup Inc. (NYSE: ATR) appointed Virginie Maes as President of Aptar Pharma, effective January 1, 2027. Maes joins from Amcor, where she led global pharma and medical packaging. She has prior experience at McKinsey, Terra Firma, and Morgan Stanley. ATR is a provider of drug delivery and consumer product dispensing technologies.

Rio Tinto plans to invest $1.9B in the Kangwinan bauxite project in Queensland, Australia, adding 20Mt of annual capacity by 2032. First output is expected in 2029, replacing Andoom and increasing Weipa capacity to 44Mt. The project aims to extend Weipa's output as legacy mines wind down.

NeOnc Technologies reported early improvement in a child treated with NEO100 in Abu Dhabi and signed a non-binding MoU with the Department of Health. The MoU focuses on CNS oncology research and potential regional presence. The company will be featured on Health Uncensored.