news

Wednesday, September 2

World

Germany Blames Russia for Explosive Drones Sent to Leipzig AirportWSJ · 8m
FirstFT: US-Iran hostilities reignite surge in energy pricesFT · 14m
Treasury Yields Hit New Highs as World Leaders Squabble at Fractured G-20WSJ · 18m
Energy price surge hits bond markets as European gas reaches three-year highFT · 20m
Ukraine tells airlines to stop using Russian airspaceFT · 1h
How worried should Labour be about holding Keir Starmer’s seat?FT · 1h
China’s Xi visits Egypt in rare foreign travel flurry ahead of Trump summitFT · 1h
US launches further strikes on Iran as conflict flares upFT · 2h

The United States carried out additional airstrikes against targets in Iran as hostilities between the two nations intensified. The escalation has lifted crude‑oil prices and driven U.S. Treasury yields to their highest levels of the day, prompting market participants to voice concerns about a potential new wave of inflation. Analysts note that the renewed fighting raises the risk of a broader regional conflict, while investors watch the impact on energy markets and interest‑rate expectations.

France’s debt crisis-in-waitingFT · 4h
Germany loses its shine in the EU’s quest for green investmentFT · 5h
Ukraine considers relaxing curfew rules despite Russian attacksFT · 6h
ECB must be prepared to lift interest rates further, says top policymakerFT · 6h
The wheels are coming off the US world orderFT · 6h
Protecting Tower of London views would make skyscrapers unviable, City warnsFT · 6h
EU accelerates plans to break up diplomatic serviceFT · 6h
‘Plan 2’ graduates earning less than £45,000 are unlikely to clear debtsFT · 6h
How UK-Israel relations reached their worst point in decadesFT · 6h
Want to eat like a real Chicagoan? Go to these three neighbourhoodsFT · 6h
German industry pushes to increase working week to 40 hoursFT · 6h
Poet Arch Hades: ‘I don’t have to share a space with another human being’FT · 6h
The modern face of the debutante ballFT · 6h
Russia’s ‘Trojan horse’ in Italy tests Giorgia MeloniFT · 6h
Advisory firm Interpath looking for its own US dealFT · 6h
National data centre projects are consolidating America’s AI leadFT · 6h
Russia secretly helping Iran develop supersonic missilesFT · 6h
Nepal’s rapper-turned-PM faces Himalaya flood testFT · 8h
Massachusetts’ 80-year-old senator sees off primary challenge over his ageFT · 9h

Incumbent Massachusetts Senator Ed Markey, 80, secured the Democratic nomination in the state’s primary, defeating a moderate challenger who is more than three decades younger. The contest highlighted concerns about the senator’s age, but voters reaffirmed support for Markey, a longtime progressive lawmaker. The primary, part of the regular election cycle, drew attention statewide as observers noted the generational contrast between the candidates. With the victory, Markey will appear on the ballot for the upcoming general election, while the younger opponent will not advance.

The Island Paradise That Is a Secret Hub for Russian Sanctions EvasionWSJ · 9h

The Maldives has emerged as a conduit for Western goods destined for Moscow, facilitating the movement of hundreds of millions of dollars in merchandise despite international sanctions on Russia. The island nation’s role as a secret hub highlights challenges in enforcing sanctions and monitoring trade routes used to bypass restrictions.

G-20 Squabbling Overshadows Summit as Global Bond Markets StrainWSJ · 9h
U.S. and Iran Trade Strikes in Latest Fight for Control of HormuzWSJ · 9h
Apple Updates Maps to Show Lake America to U.S. UsersWSJ · 12h

Apple has revised its Maps application for iPhone users in the United States to label the body of water previously known as Lake Ontario as “Lake America.” The change mirrors a similar update made by Google to its own mapping service. Both adjustments follow an order issued by President Trump directing the renaming of Lake Ontario. Apple’s update reflects the company’s compliance with the presidential directive and aligns its map data with the new nomenclature for U.S. users. The rename appears in the app’s search results and map labels for locations surrounding the lake.

Opinion | Germany Calls Out Putin’s ‘Hybrid’ WarWSJ · 12h

Germany’s interior minister said the recent drone attack on an airport was carried out by Russia, describing it as part of President Vladimir Putin’s “hybrid” warfare strategy. The minister’s remarks linked the incident to broader Russian tactics that blend conventional and unconventional means. The comment reflects Germany’s stance on attributing hostile actions to Moscow. No further details were provided about the attack or any response. German officials said they will continue to monitor the situation and consider appropriate measures.

Opinion | The ‘Segal Issue’ and U.S.-Canada TradeWSJ · 13h
The Thai Town Hosting the USS Abraham Lincoln After a Grueling DeploymentWSJ · 15h
Opinion | Putin Is Testing NATO in a Roundabout WayWSJ · 18h
Opinion | Don’t Rename Lake OntarioWSJ · 18h
The Wartime ‘Coffin Money’ Transforming Russia’s Poorest RegionsWSJ · 18h
Best Car Insurance Companies of 2026WSJ · 19h
Two Tankers Attacked on Midnight Run Through HormuzWSJ · 19h
Oil Prices Rise as Renewed U.S.-Iran Fighting Deepens Hormuz Supply RisksWSJ · 21h
Bank of Canada Expected to Remain On Hold as Trade Conflict With U.S. EscalatesWSJ · 22h
A Food Crawl in Taiwan Finds Chinese Tradition Without the SpectacleWSJ · 23h

Business

Employer Health Costs Are Expected to Spike in 2027NYT · 14m
FirstFT: US-Iran hostilities reignite surge in energy pricesFT · 14m
Treasury Yields Hit New Highs as World Leaders Squabble at Fractured G-20WSJ · 18m
Soccer Metaphors, Sunday Calls—How Voya’s CEO Guides Her TeamWSJ · 24m
Ryanair Cuts Traffic Target to Reduce Exposure to Unhedged Winter OilWSJ · 37m
Your Nonalcoholic Beer May Actually Have Some Alcohol in ItWSJ · 44m
Elon Musk Wants to Make Power-Turbine Components. It Won’t Be Easy.WSJ · 44m
Global Bond Rates Are Rising. What Should You Do Now?NYT · 1h
FiveThirtyEight’s Podcast Hosts Reunite for a New ShowNYT · 1h
Saturday Evening Post Will Stop Printing After 205 YearsNYT · 1h
Get to Know Your Phone’s Built-In Emergency KitNYT · 1h
Inside the Fight Against a Flesh-Eating Fly in MexicoNYT · 1h
The Conservative Radio Hosts Dominating the AirwavesWSJ · 1h
Ukraine tells airlines to stop using Russian airspaceFT · 1h
Ryanair warns of higher fares as it cuts winter flightsFT · 1h
BP Names Replacement for Chairman Ousted Over Bullying ConcernsWSJ · 2h
EV batteries last longer than drivers fearedFT · 2h
Volvo Car Sales Slip on China, U.S. WeaknessWSJ · 2h
European Gas at Highest Level Since End of 2022 on U.S.-Iran HostilitiesWSJ · 2h
Bvlgari’s Laura Burdese: ‘We don’t have this anxiety to keep on launching things’FT · 3h
Italian Gaming Group Lottomatica to Merge With Spain’s CirsaWSJ · 3h
BP names new chair as it tries to move on from Albert ManifoldFT · 3h
TPG Files Confidential IPO Application for Malaysia Hospital Assets Valued at Around $8 BillionWSJ · 4h
Germany loses its shine in the EU’s quest for green investmentFT · 5h
Back to school: meet PE’s new headmastersFT · 6h
AI sounds the death knell for audit fee inflationFT · 6h
Maersk to install first wind sail on container shipFT · 6h
Mbappé-backed health start-up expands to west AfricaFT · 6h
German industry pushes to increase working week to 40 hoursFT · 6h
The race to stop AI from designing bioweaponsFT · 6h
Advisory firm Interpath looking for its own US dealFT · 6h
National data centre projects are consolidating America’s AI leadFT · 6h
1873: The year America ditched silver as money and all hell broke looseFT · 6h
Shein finally launched its cut-price IPO. Now comes the hard partFT · 6h
At G20 Meeting, Scott Bessent Accuses China of Flooding the World With Cheap ExportsNYT · 6h
Missouri Voters Appear to Recall City Councilman Over Data Center SupportNYT · 7h
Apple to Give New CEO $3 Million SalaryWSJ · 7h
Apple to Give New CEO $3 Million SalaryWSJ · 7h
Trump Wants Big Oil to Build More Refineries. That’s a Tough Sell.WSJ · 8h
Shein’s Lackluster Debut Shows a Fast-Fashion Model Left BehindNYT · 8h
Volkswagen Fights Chinese Competition—and Its Own Board—in Battle to SurviveWSJ · 9h
The Island Paradise That Is a Secret Hub for Russian Sanctions EvasionWSJ · 9h
Volkswagen Fights Chinese Competition—and Its Own Board—in Battle to SurviveWSJ · 9h
Bill Simmons’s Co-Hosts Are Tired of His A.I. AnticsNYT · 9h
Bond Sell-Off Threatens to Squeeze Borrowers Around the WorldNYT · 9h
Can Evan Spiegel Sell the World on $2,195 Smart Glasses?WSJ · 10h
Alimentation Couche-Tard First-Quarter Profit Gains on Fuel Sales GrowthWSJ · 10h
Tim Cook handed $47mn pay deal as Apple’s executive chairFT · 10h

Apple announced that former chief executive Tim Cook will assume the newly created role of executive chair with a compensation package valued at $47 million. The move is seen as signaling a substantial role for Cook within the company’s leadership. At the same time, Apple’s newly appointed chief executive John Ternus is set to receive a compensation package worth $58 million. Both packages underscore the company’s emphasis on retaining top executives as it navigates its next phase of growth.

China’s real robot revolution is not about humanoidsFT · 11h

China is advancing a “real robot” revolution that emphasizes mass production and robust supply‑chain capabilities rather than the development of humanoid machines. By leveraging its capacity to scale manufacturing and coordinate extensive logistics networks, the country aims to reshape the global robotics industry. This strategy positions China to challenge established players worldwide, focusing on practical, high‑volume robot applications that can be rapidly deployed across various sectors.

Germany blames Russia for Leipzig drone attackFT · 11h
A Half-Price Luxury E.V. Comes With a Big AsteriskNYT · 11h

Current incentives have reduced the effective price of the Polestar 4 by roughly fifty percent, prompting analysts to label the deal as a bargain relative to competing luxury EVs. The price cut stems from federal and state tax credits, dealer rebates and promotional financing, which together halve the sticker price. While the vehicle itself receives praise for its solid build and performance, the manufacturer, a Chinese‑owned brand, is confronting regulatory actions that are compelling it to withdraw from the United States market. Industry observers note that the discount may not offset the broader challenges the brand faces in securing a foothold amid heightened scrutiny of Chinese‑owned automotive firms.

US diesel prices soar as Trump hauls in refinersFT · 12h
Palo Alto Projects Double-Digit Growth as AI Drives Cybersecurity SpendingWSJ · 13h
Energy & Utilities Roundup: Market TalkWSJ · 13h
US defends Venezuela deal as Chevron prepares to expand operationsFT · 13h
Music Artists Sue AI Song Generator Suno Over Alleged CopycatsWSJ · 13h
Two More Oil Tankers Are Attacked in the Strait of HormuzNYT · 13h
Dell Technologies Boosts Fiscal Year Outlook by $25 Billion as Server Revenue SurgesWSJ · 13h
Russia secretly helping Iran develop supersonic cruise missilesFT · 14h
Warsh and peaceFT · 14h
The Airline CEO Filling a Spirit-Sized Hole in the MarketWSJ · 15h
David Ellison Is Promising at Least 30 Movies a Year. Hollywood Is Skeptical.WSJ · 16h
What to Know About Venezuelan Energy Following Trump’s Oil DealNYT · 16h
Nestle Inks $1 Billion Deal to Sell Health-Supplements Brands to Private Equity FirmWSJ · 16h
GoPro: a totally normal, unremarkable piece of merger activityFT · 16h
Ozempic Maker Novo Nordisk’s Investors Are Nervously Looking Into the FutureNYT · 17h
How the Pentagon Is Getting Into the Venezuelan Oil Business Under TrumpNYT · 18h
James Dyson Sold Us on a $400 Hair Dryer. Now He’s Trying a $499 Toothbrush.WSJ · 18h
Satsuki Katayama, the Woman at the Center of Japan’s Currency FightNYT · 20h
Finding the Gap in Crowded CategoriesWSJ · 20h
Oil Prices Rise as Renewed U.S.-Iran Fighting Deepens Hormuz Supply RisksWSJ · 21h
Gap Pushes Into the Lucrative Accessory Business With New HandbagsWSJ · 21h
Gap Pushes Into the Lucrative Accessory Business With New HandbagsWSJ · 21h
China’s NIO Narrows Loss on EV Sales Growth, Expects Volume PickupWSJ · 21h
Frasers Targets Majority Ownership in Hugo Boss, Weighs Support for ChairWSJ · 21h
SB Energy Files for IPO With Nvidia BackingWSJ · 22h
Medtronic Lifts Outlook, Invests Over $700 Million in Heart Tech & RoboticsWSJ · 22h
Companies Slash Consumer Choice to Save on Import CostsWSJ · 23h
EY Has New Incentive Plan. ‘Human’ Skills Wanted; SEC Scrutinizing SPVsWSJ · 23h
The Morning Risk Report: FTC Files Lawsuit Alleging Amazon Deceived AdvertisersWSJ · 23h
IKEA Cuts Prices Across Europe as Cost of Living Pressures PersistWSJ · 23h

Markets & Economy

Wall Street’s Direction Is Being Dictated by OilBBG · 2m
Brazil’s Global Beef Dominance Collides With Tougher EU RulesBBG · 14m
Treasury Yields Hit New Highs as World Leaders Squabble at Fractured G-20WSJ · 18m
Energy price surge hits bond markets as European gas reaches three-year highFT · 20m
JPMorgan’s Former Macro Credit Trading Co-Head Joins RedhedgeBBG · 35m
Elon Musk Wants to Make Power-Turbine Components. It Won’t Be Easy.WSJ · 44m
Euro Dips as Options Show Longest Rush for Protection Since 2017BBG · 57m
Greek Stocks Crown Comeback With Promotion to Europe’s Top IndexBBG · 1h
Oil Hovers Close to $95 as Middle East Conflict Further Pressures BondsWSJ · 1h
US Diesel Hits Highest Since April as Wars Strain Global SupplyBBG · 1h
TPG’s Asia OneHealthcare Is Said to Confidentially File for $2.5 Billion IPOBBG · 1h
ECB Says Bank Risk Transfers Boost Dividends More Than LendingBBG · 1h
Gold at Lowest in Three Weeks as Mideast Tensions Boost Rate-Hike BetsWSJ · 1h
India’s BSE Courts HFT Firms to Boost Closing Auction LiquidityBBG · 1h
Oil Rises as U.S.-Iran Strikes Dim Hopes for Hormuz ReopeningWSJ · 1h
Euro Falls, Deemed Vulnerable Due to High Energy PricesWSJ · 1h
Sale of TAP Airline Moves on With Bids by Lufthansa, Air FranceBBG · 1h
Slovenia Strips Ex-Premier of Immunity for Police Purge ProbeBBG · 1h
US-Iran Conflict Intensifies, Rattling MarketsBBG · 1h
Stock Market Today: Global Bond Selloff Deepens, Hitting Europe HardestWSJ · 1h
Europe Joins Global Bond Selloff as Middle East Hostilities Lift Oil PricesWSJ · 1h
Modi’s Developed Nation Goal Remains on Track, Top Official SaysBBG · 2h
India’s ONGC Reviews Assets in Venezuela After US Green LightBBG · 2h
BlackRock: $2.1T in GCC Capex By End of DecadeBBG · 2h
European Gas at Highest Level Since End of 2022 on U.S.-Iran HostilitiesWSJ · 2h
European Equities Mixed in Muted TradeWSJ · 2h
Germany on Track to Grow by as Much as 1%, Nagel Tells Le MondeBBG · 3h
BP names new chair as it tries to move on from Albert ManifoldFT · 3h
Global Debt Is Slumping But It’s Nothing Like the 2022 RoutBBG · 3h
Nagel Signals ECB Will Hike Next Week, Cautious Beyond ThatBBG · 4h
Nordea More Upbeat on Nordic Growth Over Efficiency, Tax BreaksBBG · 4h
Woolworths’ New CEO Bets More on Food in Retailer’s OverhaulBBG · 4h
France’s debt crisis-in-waitingFT · 4h
So how big *was* Bessent’s yentervention?FT · 5h
Biggest Thai Fund Sees More Gains for Banks, Data-Center PlaysBBG · 6h
Back to school: meet PE’s new headmastersFT · 6h
Advisory firm Interpath looking for its own US dealFT · 6h
Russia secretly helping Iran develop supersonic missilesFT · 6h
RBNZ Delivers Back-to-Back Hikes in Challenge for Luxon CampaignBBG · 8h
BOJ Board Hawk Takata Keeps Door Open for Outsized Rate HikeBBG · 8h
Australia’s Faster Economic Growth Bolsters Rate-Hike CaseBBG · 8h
Japan Vows to Keep Eye on Yen as Inflation Fears RiseWSJ · 8h
Crisis Leaves Australia’s Bathla Rushing for Just $2.9 MillionBBG · 8h
BOJ’s Ueda Hints at September Rate Hike as Bets on Move MountBBG · 9h
Gold Extends Decline as Inflation Risks Pull Yields HigherBBG · 10h
Bessent Says China Prevented G20 Communique Over Imbalance SpatBBG · 10h
UK Middle Classes Face Tax Hit to Fund Spending, Analysis FindsBBG · 11h
S. Korea’s Inflation Picks Up on One-Off Phone Bill EffectBBG · 11h
A Guide to Owning Bonds When They Are Selling OffWSJ · 11h
Stocks Fall as US-Iran Turmoil Keeps Oil Elevated: Markets WrapBBG · 12h
Latest Oil Market News and Analysis for Sept. 2BBG · 12h
Opinion | Hurray for the Bond MarketWSJ · 12h
5 of the Top Financial Advisor Companies for Retirees: Well-Known Fiduciary Firms to ConsiderWSJ · 12h
US diesel prices soar as Trump hauls in refinersFT · 12h
Germany Plans Measures to Curb China Trade in Coming WeeksBBG · 13h
U.S. Stocks Fall as Oil, Bond Yields Spike, U.S.-Iran War Heats UpWSJ · 13h
Basic Materials Roundup: Market TalkWSJ · 13h
US defends Venezuela deal as Chevron prepares to expand operationsFT · 13h
Bond Yields Around the World Soar in Challenge to Government BorrowingWSJ · 13h
Canada Can Ride Out Global Bond Rout, Finance Minister SaysBBG · 13h
Middle East Conflict Sends Oil Up, Bonds DownWSJ · 14h
Warsh and peaceFT · 14h
Oil Prices Push Global Bond Market Closer to the EdgeWSJ · 14h
Natural Gas Futures Edge DownWSJ · 14h
WTI Oil Back At $90 as U.S. Launches More Strikes Against IranWSJ · 14h
U.S. Stocks Fall as Oil Surges After New Middle East StrikesWSJ · 15h
Finland Narrows Deficit in 2027 Budget as Economy RecoversBBG · 16h
Governments should heed the bond market’s warningFT · 16h
IMF agrees $2.2bn bailout for SenegalFT · 16h
Bessent Suggests Backing for BOJ Action in Meeting With UedaBBG · 17h
Global bond sell-off deepens amid inflation fearsFT · 17h
Politics keeps European stocks in America’s shadowFT · 17h
Opinion | The FHA Protects Taxpayers and HomeownersWSJ · 18h
Carney Says Trade Talks Can Resume If US Stops ‘Throwing Shade’BBG · 18h
These Banks Are Banding Together to Launch a StablecoinWSJ · 18h
US Job Openings Edge Higher in Sign of Stable Labor DemandBBG · 20h
US Factory Gauge Eases But Holds Close to Four-Year HighBBG · 20h
Israel Cuts Interest Rates for Third Consecutive MeetingBBG · 21h
Dollar Shows Muted Reaction Following Warsh’s Speech on FridayWSJ · 21h

LGT Private Banking Asia said the medium‑term outlook for the Korean won appears constructive. The statement reflects the bank’s assessment of the currency’s prospects over the coming period. No further details were provided.

Oil supertankers hit in Strait of HormuzFT · 22h
London Stock Exchange Plans Tokenized TradingWSJ · 22h
Why Andy Burnham should say: Jackdaw yes, Rosebank noFT · 22h
Shein’s unhappy IPOFT · 23h
How to understand the current puzzle in bonds and equitiesFT · 23h
The Morning Risk Report: FTC Files Lawsuit Alleging Amazon Deceived AdvertisersWSJ · 23h
Bond rout raises spectre of Budget tax risesFT · 23h
The Gas-Station Chain That Is Eating Domino’s LunchWSJ · 23h

Tech

AI sounds the death knell for audit fee inflationFT · 6h
The race to stop AI from designing bioweaponsFT · 6h
National data centre projects are consolidating America’s AI leadFT · 6h
Can Evan Spiegel Sell the World on $2,195 Smart Glasses?WSJ · 10h

Snap Inc. is pressing ahead with a $2,195 smart‑glasses offering even as the company grapples with profitability concerns. CEO Evan Spiegel is doubling down on the hardware initiative, a move that has prompted caution among some investors. The strategy reflects Snap’s broader effort to diversify beyond its core social‑media platform, though the high price tag and uncertain market reception have raised questions about the venture’s financial outlook.

Tim Cook handed $47mn pay deal as Apple’s executive chairFT · 10h

Apple announced that former chief executive Tim Cook will assume the newly created role of executive chair with a compensation package valued at $47 million. The move is seen as signaling a substantial role for Cook within the company’s leadership. At the same time, Apple’s newly appointed chief executive John Ternus is set to receive a compensation package worth $58 million. Both packages underscore the company’s emphasis on retaining top executives as it navigates its next phase of growth.

China’s real robot revolution is not about humanoidsFT · 11h

China is advancing a “real robot” revolution that emphasizes mass production and robust supply‑chain capabilities rather than the development of humanoid machines. By leveraging its capacity to scale manufacturing and coordinate extensive logistics networks, the country aims to reshape the global robotics industry. This strategy positions China to challenge established players worldwide, focusing on practical, high‑volume robot applications that can be rapidly deployed across various sectors.

Opinion | Young Americans and the Flock Camera ControversyWSJ · 12h
Apple Updates Maps to Show Lake America to U.S. UsersWSJ · 12h
Opinion | When AIs Say They’re SentientWSJ · 13h
New Google AI Model Said to Narrow Gap on Coding AbilityWSJ · 13h
New Google AI Model Said to Narrow Gap on Coding AbilityWSJ · 13h
Opinion | Protect the Earth—Build More Data CentersWSJ · 13h
Tech, Media & Telecom Roundup: Market TalkWSJ · 13h
OpenAI to Restrict Astra Model After Rating It ‘Critical’ Cyber RiskWSJ · 13h
Russia secretly helping Iran develop supersonic cruise missilesFT · 14h
The Apple Empire That John Ternus Inherits—by the NumbersWSJ · 14h
The Apple Empire That John Ternus Inherits—by the NumbersWSJ · 14h
AI hits college graduates in the heart of America’s data centre boomFT · 15h
GoPro: a totally normal, unremarkable piece of merger activityFT · 16h
Health Care Roundup: Market TalkWSJ · 17h
America can’t win the AI race if the rollout lacks public supportFT · 18h

The United States risks lagging behind China in the development of artificial intelligence if the technology is viewed by the public as something imposed on them rather than created with their participation. Analysts warn that without broad public support and engagement, the rollout of AI tools could encounter resistance, slowing adoption and innovation. This perception gap may give China an advantage in the global AI race, highlighting the need for more inclusive and transparent development processes.

Outrage Won’t Slow the AI Machine. Cold, Hard Cash Might.WSJ · 18h
Action camera maker GoPro to be acquired after decade-long declineFT · 18h
OpenAI Hits Back at Apple Lawsuit Claiming It Stole Trade SecretsWSJ · 18h
Novartis Pauses Autoimmune Cell Therapy Studies After DeathsWSJ · 19h
How Cloud Pioneer Box Is Evolving With AIWSJ · 21h
The Morning Risk Report: FTC Files Lawsuit Alleging Amazon Deceived AdvertisersWSJ · 23h

Deal Flow

M&A / Strategic

Aon agreed to acquire insurance brokerage USI Insurance Services from KKR for $17B, including debt23h
Oil field services provider SLB agreed to acquire German cooling equipment maker Kelvion from Apollo in a $3.4B cash deal, including debt23h
Eli Lilly plans to buy Merida Biosciences for $2.9B cash to expand in autoimmune and allergic diseases23h

Eli Lilly announced plans to acquire Merida Biosciences in an all‑cash transaction valued at $2.9 billion. The deal, which would be paid in cash at closing, is intended to broaden Lilly’s portfolio in the autoimmune and allergic disease segments. Merida, a privately held biotechnology company, focuses on developing therapies for these indications. The acquisition follows Lilly’s recent strategy of expanding its presence in specialty therapeutic areas through targeted purchases. Details on the timing of the transaction and any regulatory approvals required have not been disclosed.

Copenhagen Infrastructure Partners acquired full ownership of a major Australian wind and battery project from developer Windlab and secured a $1.2B facility from 10 banks23h
Japan's House Foods Group is considering a sale of $1.1B-listed iconic Japanese curry rice chain CoCo Ichibanya23h
ITC Infotech, the IT unit of Indian conglomerate ITC, will buy a 22% stake in digital engineering company Happiest Minds Technologies for $140M cash and list in India after the deal23h
India's GRT Jewellers will take a 74% stake in Indian jewelry retailer Tribhovandas Bhimji Zaveri for up to $110M followed by mandatory full ownership23h
Zambia's state-owned mining investor ZCCM Investments Holdings is considering a share sale to boost liquidity23h
Yorkville America, the asset manager behind Trump's Truth Social ETFs, is close to an acquisition of an institutional asset management firm in the SMA space23h

VC

Polymarket raised $1B at a $21B post-money valuation led by 1789 Capital23h
Scan.com, a medical imaging infrastructure platform, raised a $90M Series C led by Noteus Partners23h
Reframe Systems, a physical AI company for modular home construction, raised $40M in funding led by Energy Impact Partners23h
Clipto, a video search startup, raised $15M at a $250M valuation from HSG, GL Ventures, Palm Drive Capital, and others23h
Apate.AI, an Australian AI anti-scammer startup, raised an $11.4M seed round led by Lobby Capital23h
Diffraqtion, a quantum camera platforms company for defense and space sensing, raised a $10M pre-seed round led by Ground State Ventures23h
Molten Salt Solutions, an isotope-enrichment company, raised a $7M seed round led by Dolby Family Ventures23h
Hearvana, an auditory intelligence startup, raised a $6M pre-seed round co-led by Point72 Ventures and SCB 10X23h

IPOs / Listings / Issuances / Block Trades

Activist Elliott built a stake in $125B-listed French industrial gas group Air Liquide23h
SHEIN raised $1.75B at a $26.5B valuation in a Hong Kong IPO priced below the top end of a marketed range23h
Tencent-backed Chinese chipmaker Enflame is seeking to raise $910M in its China IPO23h
$25B China-listed chipmaker Longsys is seeking to raise $800M in a Hong Kong listing23h
KKR-backed hair ⁠and nail care firm Wella filed for an IPO23h

Debt

Apollo is looking to turn its $9B stake in pipeline operator Oneok into investment grade debt it can sell to investors23h
Saudi Arabia is in early talks to raise $8B from a fresh loan to diversify funding amid the Iran war23h
Nvidia will buy $3.5B of convertibles in $200B-listed Taiwanese chipmaker MediaTek23h
Emergency household repairs provider HomeServe is in early talks for a $1.8B ABS bond sale to fund a dividend recap to owner Brookfield23h

Bankruptcy / Restructuring / Distressed

Brookfield-owned car dealership software provider CDK Global agreed to subordinate $675M of Brookfield's debt in exchange for a maturity extension23h
Saudi's PGA rival LIV Golf is set to file for bankruptcy after SWF PIF pulled funding and is in talks with BC Partners to help support its slimmed-down 2027 season23h

Funds / Secondaries

Ares raised $3.8B for a Japan-focused logistics fund23h
India's state-owned National Investment and Infrastructure Fund raised $2B for a targeted $3.2B infrastructure fund23h
Tech investor Dragoneer raised a $1B CV for specialty insurance distributor Amwins Group and health tech company PointClickCare; the fund includes stakes in OpenAI, SpaceX, Databricks, and Creative Planning23h
Carrick Capital Partners raised a $600M single-asset CV for identity security company Saviynt led by Coller Capital and HSBC Asset Management23h
India's Spark Capital raised $265M across a new late-stage PE and credit fund23h

Reforma

Detectan anomalías por miles de millones en GobiernoPortada · 8h
Bajan homicidios y delitos de alto impactoPortada · 9h
Niega senador Ochoa que Adán Augusto sea su 'Jefe'Portada · 9h
Poder absoluto le ha servido a Morena para imponer.- ColosioPortada · 10h
Acusa ex secretaria de Manzo despido tras declarar ante FGEPortada · 10h
Entregan Segundo Informe de Sheinbaum al CongresoPortada · 10h
Golpea apagón a la PenínsulaPortada · 23h
El reparto... por WhatsPortada · 23h

El senador de Hidalgo, Cuauhtémoc Ochoa, solicitó a Adán Augusto, a través de un intercambio de mensajes por WhatsApp, la autorización para asumir la dirección de la Comisión de Bienestar. La petición se realizó en un diálogo digital entre ambos funcionarios.

Contrata Mara en Q. Roo a factureras de huachicolPortada · 23h
Sube deuda pública 32.6% durante la 4TPortada · 23h