Temporal raises $550 million in Series E funding round

Temporal has raised $550 million in a Series E funding round, bringing the company's valuation to $12.55 billion. CEO Samar Abbas reported that the company's annualized run rate has increased by more than 200% year-over-year.

Other notable market activities include the official launch of the RTW Institute, a think tank dedicated to improving the accessibility of life-saving medicines. Additionally, the Rise Fashion Show, held in partnership with e.l.f. Beauty, is scheduled to take place at the New York Stock Exchange in support of survivors of gender-based violence.

In broader financial news, investors are monitoring the Federal Reserve's upcoming decision on interest rates, with growing expectations for a rate hike. Meanwhile, Teva is marking its direct listing and trading on the NYSE, and FirstBank is celebrating its 120th anniversary.