news

Wednesday, September 2

World

Morocco in spotlight as Spanish police report sparks Ceuta blame gameFT · 7m

Spain’s interior minister has pressed the police chief for clarification after a police probe allegedly implicated Moroccan security forces in organizing the recent surge of migrants reaching the country. The minister’s request for answers follows reports that the investigation points to Morocco’s role in the influx, a claim that has heightened diplomatic sensitivities. In parallel, other media outlets have noted that Spanish intelligence has also suggested a Moroccan connection, while separate statements have linked the situation to Israel, according to i24NEWS. The developments have intensified calls for transparency from both the police and the government regarding the origins of the migrant flow.

Uber to axe 10% of its workforce in biggest cuts since pandemicFT · 13m

Uber announced plans to reduce its global workforce by roughly 10%, eliminating about 3,300 positions. The company said the cuts are part of a major restructuring aimed at flattening management layers as competition intensifies in the food‑delivery market and the emerging robotaxi sector. Uber’s move follows similar actions by other tech firms seeking to streamline operations amid heightened rivalry and evolving transportation technologies. The layoffs will affect employees worldwide, though specific timelines and departmental impacts were not detailed.

Chevron to double Venezuela oil production with $7bn pledgeFT · 21m
Students and opposition activists targeted with spyware in SerbiaFT · 30m
UK mortgage borrowers urged to lock in deals before rates riseFT · 36m
Tory attempts to repeal the UK Climate Act are tin-earedFT · 51m
Zelenskyy issues reprimand after security agencies in Kyiv shootoutFT · 1h
Burnham seeks to reassure bond markets amid public spending fearsFT · 1h
In Daylight Raid Backed by Drones, Israel Seizes Senior Hamas MilitantWSJ · 1h
Dubai’s international schools reopen in test of confidenceFT · 1h
Opinion | Trump’s Policy on Venezuela Could Entrench an OligarchyWSJ · 1h
Ukraine tells airlines to stop using Russian airspaceFT · 2h
Best High-Yield Savings Accounts for September 2026: Up to 4.50%WSJ · 2h
Energy price surge hits bond markets as European gas reaches three-year highFT · 2h
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.

U.S. Says It’s Fed Up With China’s Overcapacity—and More Countries AgreeWSJ · 3h
OpenAI Lawsuits Mount Over Canadian School ShootingWSJ · 4h

New lawsuits have been filed against OpenAI, bringing the total number of cases that question the safety of its products to at least 30. The latest filings are linked to the Tumbler Ridge school shooting in British Columbia, Canada, and were filed by a law firm on behalf of survivors and other plaintiffs. The suits allege that OpenAI executives prioritized the company’s image over safety concerns related to the incident. The litigation adds to earlier claims that the chatbot maker’s technology may have contributed to the mass‑shooting.

What Japan’s bond sell-off means for global marketsFT · 4h
Germany blames Russia for Leipzig drone attackFT · 4h
UK Prime Minister Says Government Will Be ‘Grounded in Fiscal Responsibility’WSJ · 4h
Burnham and Macron to meet as Bayeux Tapestry unveiledFT · 4h
Growth is a life-and-death matter for EuropeFT · 4h
After 286 Days at Sea, 5,000 Sailors on the USS Abraham Lincoln Dock in ThailandWSJ · 4h
Indonesia’s lessons for the global energy transitionFT · 5h
Germany Blames Russia for Explosive Drones Sent to Leipzig AirportWSJ · 6h
FirstFT: US-Iran hostilities reignite surge in energy pricesFT · 6h
Ford aims for Nato defence deals as it bids to build UK’s new military vehicleFT · 6h
Treasury Yields Hit New Highs as World Leaders Squabble at Fractured G-20WSJ · 6h
How worried should Labour be about holding Keir Starmer’s seat?FT · 7h
Xi’s tour: China’s leader in rare travel flurry ahead of Trump summitFT · 7h
France’s debt crisis-in-waitingFT · 10h
Germany loses its shine in the EU’s quest for green investmentFT · 11h
Ukraine considers relaxing curfew rules despite Russian attacksFT · 12h
ECB must be prepared to lift interest rates further, says top policymakerFT · 12h
The Island Paradise That Is a Secret Hub for Russian Sanctions EvasionWSJ · 15h

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 · 15h
U.S. and Iran Trade Strikes in Latest Fight for Control of HormuzWSJ · 15h
U.S. and Iran Trade Strikes in Latest Fight for Control of HormuzWSJ · 15h
Apple Updates Maps to Show Lake America to U.S. UsersWSJ · 18h

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 · 18h

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 · 19h
The Thai Town Hosting the USS Abraham Lincoln After a Grueling DeploymentWSJ · 21h

Business

Uber to axe 10% of its workforce in biggest cuts since pandemicFT · 13m

Uber announced plans to reduce its global workforce by roughly 10%, eliminating about 3,300 positions. The company said the cuts are part of a major restructuring aimed at flattening management layers as competition intensifies in the food‑delivery market and the emerging robotaxi sector. Uber’s move follows similar actions by other tech firms seeking to streamline operations amid heightened rivalry and evolving transportation technologies. The layoffs will affect employees worldwide, though specific timelines and departmental impacts were not detailed.

Investors Still on Edge Over War, Debt and InflationNYT · 19m
Chevron to double Venezuela oil production with $7bn pledgeFT · 21m
Employer Health Costs Are Expected to Spike in 2027NYT · 30m
U.S. Crude Oil Stockpiles See Larger-Than-Expected DropWSJ · 31m
Global Bond Rates Are Rising. What Should You Do Now?NYT · 34m
UK mortgage borrowers urged to lock in deals before rates riseFT · 36m
ENRC settles with UK prosecutors and former lawyers over abandoned probeFT · 56m
Google Avoids Breakup of Dominant Ad Tech BusinessWSJ · 1h
Aurora Cannabis Rejects Curaleaf Offer as InadequateWSJ · 1h
A vital tenet of US equity markets is under threatFT · 1h
Japan Activation Capital Pushing Companies to Take Risks, From WithinWSJ · 1h
Opinion | Aluminum Tariffs Harm U.S. ManufacturersWSJ · 1h
Opinion | Trump’s Policy on Venezuela Could Entrench an OligarchyWSJ · 1h
Advent International Looking for More Australia, New Zealand Healthcare OpportunitiesWSJ · 2h
Southwest Airlines Jumps Into the Airport Lounge CompetitionWSJ · 2h
Ukraine tells airlines to stop using Russian airspaceFT · 2h
How to Spend Six Years Inventing a $499 Toothbrush With ‘No Idea’ of the MarketWSJ · 2h
Brown-Forman Quarterly Sales Slip on Tequila SlowdownWSJ · 2h
FT Wealth: SeptemberFT · 3h
Saturday Evening Post Will Stop Printing After 205 YearsNYT · 3h
Bill Simmons’s Co-Hosts Are Tired of His A.I. AnticsNYT · 3h
Chevron to Invest $7 Billion in Venezuela, Doubling ProductionWSJ · 4h
AIG’s Zaffino Stepping Down as Chairman, Joining PalantirWSJ · 4h
OpenAI’s Astra Model Can Hack With Minimal Human HelpWSJ · 4h
Energy & Utilities Roundup: Market TalkWSJ · 5h
Chevron Expansion in Venezuela Extends U.S. Influence Over Oil RichesNYT · 5h
Trucking Crackdown Accelerates in U.S.WSJ · 5h
The Morning Risk Report: The Island Paradise That Is a Secret Hub for Russian Sanctions EvasionWSJ · 5h
Indonesia’s lessons for the global energy transitionFT · 5h
How Brunswick Is Using AI and Marine Cruise Control to Raise Prices on BoatsWSJ · 5h
AI Startup Wonderful Hits $5 Billion Valuation, Plans 1,000-Strong TeamWSJ · 5h
Auto & Transport Roundup: Market TalkWSJ · 5h
FirstFT: US-Iran hostilities reignite surge in energy pricesFT · 6h
Ford aims for Nato defence deals as it bids to build UK’s new military vehicleFT · 6h
The best, worst and strangest ways AI is really being used at workFT · 6h
Treasury Yields Hit New Highs as World Leaders Squabble at Fractured G-20WSJ · 6h
Soccer Metaphors, Sunday Calls—How Voya’s CEO Guides Her TeamWSJ · 6h
Ryanair Cuts Traffic Target to Reduce Exposure to Unhedged Winter OilWSJ · 6h
Your Nonalcoholic Beer May Actually Have Some Alcohol in ItWSJ · 6h
Elon Musk Wants to Make Power-Turbine Components. It Won’t Be Easy.WSJ · 6h
Your Nonalcoholic Beer May Actually Have Some Alcohol in ItWSJ · 6h
FiveThirtyEight’s Podcast Hosts Reunite for a New ShowNYT · 7h
Get to Know Your Phone’s Built-In Emergency KitNYT · 7h
Inside the Fight Against a Flesh-Eating Fly in MexicoNYT · 7h
The Conservative Radio Hosts Dominating the AirwavesWSJ · 7h
The Conservative Radio Hosts Dominating the AirwavesWSJ · 7h
Ryanair warns of higher fares as it cuts winter flightsFT · 7h
BP Names Replacement for Chairman Ousted Over Bullying ConcernsWSJ · 8h
EV batteries last longer than drivers fearedFT · 8h
Volvo Car Sales Slip on China, U.S. WeaknessWSJ · 8h
Bvlgari’s Laura Burdese: ‘We don’t have this anxiety to keep on launching things’FT · 9h
Italian Gaming Group Lottomatica to Merge With Spain’s CirsaWSJ · 9h
BP names new chair as it tries to move on from Albert ManifoldFT · 9h
TPG Files Confidential IPO Application for Malaysia Hospital Assets Valued at Around $8 BillionWSJ · 11h
Germany loses its shine in the EU’s quest for green investmentFT · 11h
Back to school: meet PE’s new headmastersFT · 12h
AI sounds the death knell for audit fee inflationFT · 12h
Maersk to install first wind sail on container shipFT · 12h
Mbappé-backed health start-up expands to west AfricaFT · 12h
German industry pushes to restore 40-hour working week without extra payFT · 12h
The race to stop AI from designing bioweaponsFT · 12h
Advisory firm Interpath looking for its own US dealFT · 12h
National data centre projects are consolidating America’s AI leadFT · 12h
1873: The year America ditched silver as money and all hell broke looseFT · 12h
At G20 Meeting, Scott Bessent Accuses China of Flooding the World With Cheap ExportsNYT · 12h
Missouri Voters Appear to Recall City Councilman Over Data Center SupportNYT · 13h
Apple to Give New CEO $3 Million SalaryWSJ · 13h
Apple to Give New CEO $3 Million SalaryWSJ · 13h
Trump Wants Big Oil to Build More Refineries. That’s a Tough Sell.WSJ · 14h
Shein’s Lackluster Debut Shows a Fast-Fashion Model Left BehindNYT · 14h
Volkswagen Fights Chinese Competition—and Its Own Board—in Battle to SurviveWSJ · 15h
The Island Paradise That Is a Secret Hub for Russian Sanctions EvasionWSJ · 15h
Volkswagen Fights Chinese Competition—and Its Own Board—in Battle to SurviveWSJ · 15h
Bond Sell-Off Threatens to Squeeze Borrowers Around the WorldNYT · 15h
Can Evan Spiegel Sell the World on $2,195 Smart Glasses?WSJ · 16h
Alimentation Couche-Tard First-Quarter Profit Gains on Fuel Sales GrowthWSJ · 16h
A Half-Price Luxury E.V. Comes With a Big AsteriskNYT · 17h

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.

Palo Alto Projects Double-Digit Growth as AI Drives Cybersecurity SpendingWSJ · 19h
Music Artists Sue AI Song Generator Suno Over Alleged CopycatsWSJ · 19h
Two More Oil Tankers Are Attacked in the Strait of HormuzNYT · 19h
Dell Technologies Boosts Fiscal Year Outlook by $25 Billion as Server Revenue SurgesWSJ · 20h
The Airline CEO Filling a Spirit-Sized Hole in the MarketWSJ · 21h
David Ellison Is Promising at Least 30 Movies a Year. Hollywood Is Skeptical.WSJ · 22h
What to Know About Venezuelan Energy Following Trump’s Oil DealNYT · 22h
Nestle Inks $1 Billion Deal to Sell Health-Supplements Brands to Private Equity FirmWSJ · 22h
Ozempic Maker Novo Nordisk’s Investors Are Nervously Looking Into the FutureNYT · 23h

Markets & Economy

Circle K Owner Says Inflation, Fuel Costs Curb Consumer SpendingBBG · 9m
Stocks, Bonds Bounce as Oil Halts War-Fueled RallyBBG · 11m
Chevron to double Venezuela oil production with $7bn pledgeFT · 21m
Why Florida Rep. Moskowitz Isn't Running Away From AIPACBBG · 25m
Energy Prices Surge, Reviving Inflation Fears as Winter NearsBBG · 29m
In Surprise Twist, California Lawmakers Fail to Pass Watered-Down Wildfire BillWSJ · 30m
U.S. Crude Oil Stockpiles See Larger-Than-Expected DropWSJ · 31m
Stocks Climb as Treasury Selloff PausesWSJ · 37m
Uber Shutting Down Operations in Nigeria After Global Shake-UpBBG · 41m
Senegal’s Bond Selloff Reveals Investor Angst on Debt ReworkBBG · 44m
Borrowing Isn’t the Bond Market’s Only Concern—Growth Is TooWSJ · 46m
Danish Central Bank Intervenes Again to Defend Currency PegBBG · 1h
The ‘Permission Bottleneck’ Coming for StocksBBG · 1h
Burnham seeks to reassure bond markets amid public spending fearsFT · 1h
¿En qué consiste el “mayor acuerdo petrolero” entre EE.UU. y Venezuela?BBG · 1h
Warsh's Data Dashboard for Reading the US EconomyBBG · 1h
A vital tenet of US equity markets is under threatFT · 1h
Putin Starts Russian Udokan Copper Cathode Plant After 2023 FireBBG · 1h
Japan Activation Capital Pushing Companies to Take Risks, From WithinWSJ · 1h
Italy’s Eni Plans Major Increase in Venezuela Oil ProductionBBG · 1h
Gold, Silver Futures Recover Some GroundWSJ · 1h
Apax Lines Up About €1 Billion Debt to Buy Gerresheimer UnitsBBG · 1h
Bessent Leaves BOJ in No-Win Situation Over Japan Rate HikesBBG · 2h
Uber to Cut 3,300 Jobs in Management OverhaulBBG · 2h
S&P 500 Steadies After Three-Day Skid as Oil Prices Halt AdvanceBBG · 2h
Lingering Heat Supports U.S. Natural Gas FuturesWSJ · 2h
Advent International Looking for More Australia, New Zealand Healthcare OpportunitiesWSJ · 2h
Investor David Booth on Life, Stocks and (Not) Trying to Beat the MarketWSJ · 2h
US’s Wright on Venezuela Oil Production, SPR, Strait of HormuzBBG · 2h
Oil Futures Ease in Early U.S. TradingWSJ · 2h
Yen Surges With Traders on Alert for Further InterventionBBG · 2h
Bank of Canada Holds Rates and Flags Inflation Risks; Bonds DropBBG · 2h
Energy price surge hits bond markets as European gas reaches three-year highFT · 2h
Spain’s Push on Undocumented Migrants Distorts Labor StatisticsBBG · 2h
What Does a Bond Selloff Mean for American Consumers?WSJ · 2h
Fed’s Warsh Lays Out Data Dashboard to Read US EconomyBBG · 2h
Fed’s Williams Says Inflation Continuing to Trend DownBBG · 3h
India Diaspora Flows Hit $127 Billion, 1.5 Times Above EstimateBBG · 3h
ADP Says US Companies Added 38,000 Jobs in AugustBBG · 3h
Dutch Shift Gold to London From US on Geopolitical UnrestBBG · 3h
US Companies Added 38,000 Jobs in August, ADP Data ShowBBG · 4h
What Japan’s bond sell-off means for global marketsFT · 4h
Europe Joins Global Bond Selloff as Middle East Hostilities Lift Oil PricesWSJ · 4h
Apollo’s Slok Says US Yields Set to Rise on Iran War, TariffsBBG · 4h
Basic Materials Roundup: Market TalkWSJ · 5h
G20 Examines Debt Distress in Others, While Ignoring Own ChallengesBBG · 5h
Indonesia’s lessons for the global energy transitionFT · 5h
Logistics Costs and Inflation ConcernsBBG · 5h
SNB Bank Council Leadership Will Change With Ammann AppointedBBG · 5h
Brazil Election: Lula Adviser Shuns Austerity as Investors Seek Spending CutsBBG · 5h
Ghana Inflation Resumes Upswing, Supports Case for Rate HoldBBG · 5h
Broadcom’s AI Success Story Gets ComplicatedWSJ · 6h
South Africa Business Mood Stuck at Level Too Low for InvestmentBBG · 6h
Elon Musk Wants to Make Power-Turbine Components. It Won’t Be Easy.WSJ · 6h
Bundesbank Chief Rejects French Far-Left Plan to Cancel DebtBBG · 6h
Euro Falls, Deemed Vulnerable Due to High Energy PricesWSJ · 7h
Stock Market Today: Treasury Selloff Pauses While Stocks RiseWSJ · 7h
European Equities Mixed in Muted TradeWSJ · 8h
BP names new chair as it tries to move on from Albert ManifoldFT · 9h
France’s debt crisis-in-waitingFT · 10h
So how big *was* Bessent’s yentervention?FT · 11h
Back to school: meet PE’s new headmastersFT · 12h
Advisory firm Interpath looking for its own US dealFT · 12h
Russia secretly helping Iran develop supersonic missilesFT · 12h
Japan Vows to Keep Eye on Yen as Inflation Fears RiseWSJ · 14h
Gold Rises as Dollar Pushes Lower While Traders Weigh Fed PathBBG · 16h
Bessent Says China Prevented G20 Communique Over Imbalance SpatBBG · 16h
A Guide to Owning Bonds When They Are Selling OffWSJ · 17h
Stocks Rise as Buyers Scoop Up Bargains After Rout: Markets WrapBBG · 18h
Latest Oil Market News and Analysis for Sept. 2BBG · 18h
Opinion | Hurray for the Bond MarketWSJ · 18h
5 of the Top Financial Advisor Companies for Retirees: Well-Known Fiduciary Firms to ConsiderWSJ · 18h
US diesel prices soar as Trump hauls in refinersFT · 18h
U.S. Stocks Fall as Oil, Bond Yields Spike, U.S.-Iran War Heats UpWSJ · 19h
Basic Materials Roundup: Market TalkWSJ · 19h
US defends Venezuela deal as Chevron prepares to expand operationsFT · 19h
Bond Yields Around the World Soar in Challenge to Government BorrowingWSJ · 19h
Middle East Conflict Sends Oil Up, Bonds DownWSJ · 20h
Warsh and peaceFT · 20h
New Leaks Draw Brazil Top Court Judge Deeper Into Banco Master ScandalBBG · 20h
Oil Prices Push Global Bond Market Closer to the EdgeWSJ · 20h
U.S. Stocks Fall as Oil Surges After New Middle East StrikesWSJ · 21h
Governments should heed the bond market’s warningFT · 23h
IMF agrees $2.2bn bailout for SenegalFT · 23h
Global bond sell-off deepens amid inflation fearsFT · 23h
Politics keeps European stocks in America’s shadowFT · 23h

Tech

Uber to axe 10% of its workforce in biggest cuts since pandemicFT · 13m

Uber announced plans to reduce its global workforce by roughly 10%, eliminating about 3,300 positions. The company said the cuts are part of a major restructuring aimed at flattening management layers as competition intensifies in the food‑delivery market and the emerging robotaxi sector. Uber’s move follows similar actions by other tech firms seeking to streamline operations amid heightened rivalry and evolving transportation technologies. The layoffs will affect employees worldwide, though specific timelines and departmental impacts were not detailed.

Students and opposition activists targeted with spyware in SerbiaFT · 30m
Google Avoids Breakup of Dominant Ad Tech BusinessWSJ · 1h
Nvidia and CrowdStrike Develop New Cybersecurity AI ModelsWSJ · 3h
Germany blames Russia for Leipzig drone attackFT · 4h
Health Care Roundup: Market TalkWSJ · 5h
AI Startup Wonderful Hits $5 Billion Valuation, Plans 1,000-Strong TeamWSJ · 5h
Broadcom’s AI Success Story Gets ComplicatedWSJ · 6h
The best, worst and strangest ways AI is really being used at workFT · 6h
AI sounds the death knell for audit fee inflationFT · 12h
The race to stop AI from designing bioweaponsFT · 12h
National data centre projects are consolidating America’s AI leadFT · 12h
Can Evan Spiegel Sell the World on $2,195 Smart Glasses?WSJ · 16h

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.

Can Evan Spiegel Sell the World on $2,195 Smart Glasses?WSJ · 16h

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 · 16h

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 · 17h

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 · 18h
Apple Updates Maps to Show Lake America to U.S. UsersWSJ · 18h
Opinion | When AIs Say They’re SentientWSJ · 19h
New Google AI Model Said to Narrow Gap on Coding AbilityWSJ · 19h
New Google AI Model Said to Narrow Gap on Coding AbilityWSJ · 19h
Opinion | Protect the Earth—Build More Data CentersWSJ · 19h
Tech, Media & Telecom Roundup: Market TalkWSJ · 19h
OpenAI to Restrict Astra Model After Rating It ‘Critical’ Cyber RiskWSJ · 19h
OpenAI to Restrict Astra Model After Rating It ‘Critical’ Cyber RiskWSJ · 19h
Russia secretly helping Iran develop supersonic cruise missilesFT · 20h
The Apple Empire That John Ternus Inherits—by the NumbersWSJ · 20h
The Apple Empire That John Ternus Inherits—by the NumbersWSJ · 20h
AI hits college graduates in the heart of America’s data centre boomFT · 21h
GoPro: a totally normal, unremarkable piece of merger activityFT · 22h
Health Care Roundup: Market TalkWSJ · 23h

Deal Flow

M&A / Strategic

US oil company North American Blue Energy Partners will take over some Venezuela oilfields previously controlled by Chinese and Russian firms5h
Kroenke Sports & Entertainment will acquire MLB team Los Angeles Angels from the Moreno family at a $4B valuation5h
UK retailer Frasers Group plans to raise its stake in $3B-listed Hugo Boss from 48% to above 50% after its recent cash bid fell short of control5h
Veritas Capital will acquire UK industrial heat treatment specialist Bodycote for $2.2B after raising its bid above CVC's5h
HSBC joined a race against Brookfield, Warburg Pincus, EQT, CVC, Permira, Chrys Capital, and General Atlantic for a 54% stake in India's Nuvama Wealth and Investment from Asian PE firm PAG, which could fetch a $1.8B valuation5h
Azerbaijan's state-owned oil firm SOCAR will acquire stakes in Comstock Resources' Haynesville shale assets and related midstream business for $1.65B cash5h
PE firm Epiris agreed to buy UK's Gamma Communications for $1.4B following a months-long takeover saga5h
Yellow Wood Partners will acquire food giant Nestle's mainstream vitamins and supplements business for $1B5h
H.I.G. Capital is exploring a $1B sale of drug manufacturer Rising Pharmaceuticals5h
Yogurt maker Chobani will re-acquire a stake from Keurig Dr Pepper along with a manufacturing facility for $925M5h
$600M-listed Mexican telecoms provider Axtel will allow Flō Networks to compete in bidding against a group led by co-chairman Tomás Milmo Santos for 100% of the firm5h
Student housing operator The Scion Group and Ares bought four student housing communities in the South from Schenk+ for $435M5h
Norwegian oil firm DNO agreed to buy UK's Capricorn Energy for $395M after outbidding rival Genel Energy5h
Starman Optical will acquire GoPro for $285M cash at a 30% premium5h
Shell will take full ownership of Tennessee-based convenience store operator Tri Star Energy from majority owners The Parman Corporation and Kimbro Oil Company5h
UAE developer Binghatti is in talks with a major entity on partnerships worth billions of dollars after it suspended IPO plans5h
French lender SocGen will acquire telecom Altice's 50% stake in OXG, a German fiber JV with Vodafone5h
South African grocer Shoprite acquired the Vida e Caffè coffee chain and a majority stake in telecom vending machine firm R&A Cellular5h
Bombardier will acquire a Canadian factory from supplier Mitsubishi Heavy Industries5h

VC

AI coding startup Cognition is set to raise a $1B round at a $47B valuation5h
Cornerstone Robotics, a Hong Kong–based surgical robotics company, raised a $700M strategic investment from Medtronic5h
Israeli HR software firm HiBob raised a $166M round at an over $3.2B valuation led by Salesforce5h
Felix Pago, a stablecoin remittance company, raised a $200M Series B led by a16z5h
Physical Superintelligence, an AI-native physics lab and virtual physicist platform, raised a $58M seed round led by Breakthrough Energy Ventures5h
AIR, an AI security startup, raised $50M across two seed rounds led by Sequoia and Greenoaks respectively5h
Light, the power company enabling embedded electricity products for businesses, raised a $46M Series A led by Matrix5h
SciFin, a revenue-context startup for sales and RevOps, raised a $44M seed round co-led by Altimeter and Madrona5h
Empirik.ai, an autonomous infrastructure engineering startup, raised a $21M seed round from Sequoia, S32, Canapi Ventures, and Alumni Ventures5h
Stack Health, an alternative to group health insurance startup, raised a $21M seed round led by 8VC5h
Norbert Health, a physical AI control system for healthcare, raised a $14M Series A led by William A. Marino with Cardinal Group5h
Aranya, a company converting bare metal into production-ready GPU clusters, raised $11M across a $2M pre-seed led by Asylum Ventures and a $9M seed led by First Round Capital5h
Frontier Computing, a living brain-cell computing startup, raised a $10M pre-seed round led by General Catalyst5h
Visko, an AI research company pioneering Live Models, raised a $10M pre-seed round led by Llama Ventures5h
Entity, a gaming infrastructure startup, raised a $5.8M seed round from Delta Partners, Elkstone Partners, and others5h

IPOs / Listings / Issuances / Block Trades

Indian auto parts maker Victura Technologies is in talks to raise $300M in an India IPO5h
SoftBank-backed data center firm SB Energy filed for an IPO5h
Philippine fast-food giant Jollibee Foods will change its IPO location for its international unit from US to Hong Kong5h

Debt

South Korea plans to sell a near-record $162B of bonds in 2027 to fund fiscal agenda5h
Saudi Arabia sold $3.25B of dollar bonds5h
AI cloud firm Nscale raised a $3B DDTL led by JPMorgan and Goldman Sachs5h

Bankruptcy / Restructuring / Distressed

Senegal's eurobonds fell after it announced a debt restructuring under a G20 framework and agreed to a $2.2B bailout from IMF5h
A judge ruled FDIC isn't required to return $1.7B to creditors of failed Silicon Valley Bank5h
Global steel giant ArcelorMittal dropped its planned takeover of a JV with struggling Italian car part manufacturer CLN-Coils Lamiere Nastri after Italy imposed restrictions, paving way for a domestic rival to take control5h

Reforma

Confirma Presidenta pesquisas sobre amigo de 'Andy'Nacional · 8m
Urge a funcionarios gobernar sin extravaganciasNacional · 12m
AMLO no me manda mensajes; no ha habido una llamada.- CSPNacional · 1h
Cuando el hospital está lejos de casaPortada · 3h
Preocupa a expertos filtro militar a la IEDPortada · 5h
Pide Sheinbaum humildad, y en turismo puro lujoPortada · 5h
Exhibe apagón fragilidad de la CFE en la PenínsulaPortada · 5h
Más impuestos al alcohol, snacks, sopas, enlatados...Portada · 5h
Impiden tormenta en San LázaroPortada · 5h