news

Tuesday, September 1

World

Nepal’s rapper-turned-PM faces Himalaya flood testFT · 2h
Massachusetts’ 80-year-old senator sees off primary challenge over his ageFT · 3h

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 Takaichi revolutionFT · 3h
The Island Paradise That Is a Secret Hub for Russian Sanctions EvasionWSJ · 3h

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 · 3h
Pentagon chaos deepens after Driscoll quits in clash with HegsethFT · 3h
U.S. and Iran Trade Strikes in Latest Fight for Control of HormuzWSJ · 3h
China derails consensus on communiqué after US-hosted G20FT · 4h
Tim Cook handed $47mn pay deal as Apple’s executive chairFT · 4h
China’s real robot revolution is not about humanoidsFT · 5h
Germany blames Russia for Leipzig drone attackFT · 5h
FirstFT: Global bond sell-off deepensFT · 6h
Apple Updates Maps to Show Lake America to U.S. UsersWSJ · 6h

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 · 6h
US diesel prices soar as Trump hauls in refinersFT · 6h
Opinion | The ‘Segal Issue’ and U.S.-Canada TradeWSJ · 7h
US defends Venezuela deal as Chevron prepares to expand operationsFT · 7h
Andy Burnham accused of taking Britain back to the 1970sFT · 7h

Conservative party chair Kemi Badenoch criticised the newly appointed prime minister, Andy Burnham, alleging that his policies would take Britain back to the 1970s. Badenoch said Burnham was “living in the past” and warned that his approach would revert the country to an outdated era. Burnham has not responded to the comments. The exchange highlights early tensions between the new government and the opposition.

Russia secretly helping Iran develop supersonic cruise missilesFT · 8h
US launches further strikes on Iran as conflict flares upFT · 8h
AI hits college graduates in the heart of America’s data centre boomFT · 9h
The Thai Town Hosting the USS Abraham Lincoln After a Grueling DeploymentWSJ · 9h
Germany Blames Russia for Explosive Drones Sent to Leipzig AirportWSJ · 10h
Zambian president inaugurated after election violenceFT · 10h
GoPro: a totally normal, unremarkable piece of merger activityFT · 10h
Governments should heed the bond market’s warningFT · 10h
IMF agrees $2.2bn bailout for SenegalFT · 10h
Global bond sell-off deepens amid inflation fearsFT · 11h
Politics keeps European stocks in America’s shadowFT · 11h
Opinion | Putin Is Testing NATO in a Roundabout WayWSJ · 12h
America can’t win the AI race if the rollout lacks public supportFT · 12h

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.

Opinion | Don’t Rename Lake OntarioWSJ · 12h
The Wartime ‘Coffin Money’ Transforming Russia’s Poorest RegionsWSJ · 12h
Action camera maker GoPro to be acquired after decade-long declineFT · 12h
Summer 2026 was the hottest since records began in 1884, Met Office saysFT · 13h
Best Car Insurance Companies of 2026WSJ · 13h
Two Tankers Attacked on Midnight Run Through HormuzWSJ · 13h
Trump touts data centre build-out despite voter backlashFT · 15h
Oil Prices Rise as Renewed U.S.-Iran Fighting Deepens Hormuz Supply RisksWSJ · 15h
Bank of Canada Expected to Remain On Hold as Trade Conflict With U.S. EscalatesWSJ · 16h
A Food Crawl in Taiwan Finds Chinese Tradition Without the SpectacleWSJ · 17h
These Americans Went to Nepal on a Spiritual Journey. Now They Are Missing.WSJ · 18h
Two U.S. Foes Join Forces—and Threaten to Further Destabilize the Middle EastWSJ · 18h
Londoners Are Stewing Over Supercar Tourists Who Park Wherever They WantWSJ · 18h

Business

At G20 Meeting, Scott Bessent Accuses China of Flooding the World With Cheap ExportsNYT · 34m
Missouri Voters Appear to Recall City Councilman Over Data Center SupportNYT · 1h
Apple to Give New CEO $3 Million SalaryWSJ · 1h
Trump Wants Big Oil to Build More Refineries. That’s a Tough Sell.WSJ · 2h
Shein’s Lackluster Debut Shows a Fast-Fashion Model Left BehindNYT · 2h
Volkswagen Fights Chinese Competition—and Its Own Board—in Battle to SurviveWSJ · 3h
The Island Paradise That Is a Secret Hub for Russian Sanctions EvasionWSJ · 3h
Bill Simmons’s Co-Hosts Are Tired of His A.I. AnticsNYT · 3h
Bond Sell-Off Threatens to Squeeze Borrowers Around the WorldNYT · 3h
Can Evan Spiegel Sell the World on $2,195 Smart Glasses?WSJ · 4h
Alimentation Couche-Tard First-Quarter Profit Gains on Fuel Sales GrowthWSJ · 4h
Tim Cook handed $47mn pay deal as Apple’s executive chairFT · 4h
China’s real robot revolution is not about humanoidsFT · 5h
Germany blames Russia for Leipzig drone attackFT · 5h
A Half-Price Luxury E.V. Comes With a Big AsteriskNYT · 5h

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 · 6h
Palo Alto Projects Double-Digit Growth as AI Drives Cybersecurity SpendingWSJ · 7h
Energy & Utilities Roundup: Market TalkWSJ · 7h
US defends Venezuela deal as Chevron prepares to expand operationsFT · 7h
Music Artists Sue AI Song Generator Suno Over Alleged CopycatsWSJ · 7h
Two More Oil Tankers Are Attacked in the Strait of HormuzNYT · 7h
Dell Technologies Boosts Fiscal Year Outlook by $25 Billion as Server Revenue SurgesWSJ · 7h
Russia secretly helping Iran develop supersonic cruise missilesFT · 8h
Warsh and peaceFT · 8h
The Airline CEO Filling a Spirit-Sized Hole in the MarketWSJ · 9h
David Ellison Is Promising at Least 30 Movies a Year. Hollywood Is Skeptical.WSJ · 10h
What to Know About Venezuelan Energy Following Trump’s Oil DealNYT · 10h
Nestle Inks $1 Billion Deal to Sell Health-Supplements Brands to Private Equity FirmWSJ · 10h
GoPro: a totally normal, unremarkable piece of merger activityFT · 10h
Ozempic Maker Novo Nordisk’s Investors Are Nervously Looking Into the FutureNYT · 11h
How the Pentagon Is Getting Into the Venezuelan Oil Business Under TrumpNYT · 11h
America can’t win the AI race if the rollout lacks public supportFT · 12h

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.

Action camera maker GoPro to be acquired after decade-long declineFT · 12h
James Dyson Sold Us on a $400 Hair Dryer. Now He’s Trying a $499 Toothbrush.WSJ · 12h
Satsuki Katayama, the Woman at the Center of Japan’s Currency FightNYT · 13h
Finding the Gap in Crowded CategoriesWSJ · 14h
Swiss finance minister hits out at move to water down UBS capital plansFT · 15h
Oil Prices Rise as Renewed U.S.-Iran Fighting Deepens Hormuz Supply RisksWSJ · 15h
Gap Pushes Into the Lucrative Accessory Business With New HandbagsWSJ · 15h
Gap Pushes Into the Lucrative Accessory Business With New HandbagsWSJ · 15h
China’s NIO Narrows Loss on EV Sales Growth, Expects Volume PickupWSJ · 15h
Frasers Targets Majority Ownership in Hugo Boss, Weighs Support for ChairWSJ · 15h
Saudi and South Korean oil tankers hit in Strait of HormuzFT · 16h
SB Energy Files for IPO With Nvidia BackingWSJ · 16h
Medtronic Lifts Outlook, Invests Over $700 Million in Heart Tech & RoboticsWSJ · 16h
Why Andy Burnham should say: Jackdaw yes, Rosebank noFT · 16h
Thames Water should go into administration, says senior Tory MPFT · 16h
Companies Slash Consumer Choice to Save on Import CostsWSJ · 16h
EY Has New Incentive Plan. ‘Human’ Skills Wanted; SEC Scrutinizing SPVsWSJ · 17h
Elliott builds stake in French industrial gas group Air LiquideFT · 17h
Shein’s unhappy IPOFT · 17h
The Morning Risk Report: FTC Files Lawsuit Alleging Amazon Deceived AdvertisersWSJ · 17h
IKEA Cuts Prices Across Europe as Cost of Living Pressures PersistWSJ · 17h
When is an engineer not an engineer?FT · 18h
Fervo Secures Its Largest-Ever Geothermal Power Deal, With GoogleWSJ · 18h

Fervo announced that it has secured its largest‑ever geothermal power agreement, partnering with Google on the project. The deal marks a significant milestone for the company, which counts Bill Gates among its early investors. Fervo went public in May, drawing attention with a high‑profile initial public offering that highlighted its ambitions in renewable energy. The new partnership with Google is expected to expand the firm’s presence in the geothermal sector, although specific details of the agreement were not disclosed.

Fervo Secures Its Largest-Ever Geothermal Power Deal, With GoogleWSJ · 18h

Fervo announced that it has secured its largest‑ever geothermal power agreement, partnering with Google on the project. The deal marks a significant milestone for the company, which counts Bill Gates among its early investors. Fervo went public in May, drawing attention with a high‑profile initial public offering that highlighted its ambitions in renewable energy. The new partnership with Google is expected to expand the firm’s presence in the geothermal sector, although specific details of the agreement were not disclosed.

Europe Protests as U.S. Invites Russian Minister to G20 Finance MeetingNYT · 18h
‘Off the Sidelines’—Lowe’s CEO Marshals Skilled Workers CoalitionWSJ · 18h
FirstFT: Global bond sell-off deepensFT · 18h
Two U.S. Foes Join Forces—and Threaten to Further Destabilize the Middle EastWSJ · 18h
Shein Makes Ho-Hum Market Debut After Years of Geopolitical DramaWSJ · 18h
Jersey Mike’s Is Winning the Sandwich War. It Still Needs to Win Over Gen Z.WSJ · 18h
Retailers Ditch Variety to Beat Supply-Chain Costs and TariffsWSJ · 18h
Private equity firms snap up more London-listed companiesFT · 18h
Shein shares slide as much as 10% in Hong Kong debutFT · 19h

Shein, the fast‑fashion retailer, completed its long‑delayed initial public offering on the Hong Kong Stock Exchange, but the stock fell about 10 percent on its first day of trading. Analysts noted that the listing came at a valuation many observers described as “bargain‑basement,” reflecting concerns over trade and regulatory risks. The share‑price slide marked a muted start for the company’s long‑awaited market debut.

Partners Group replaces chief as fund redemptions weigh on sharesFT · 19h
Swiss Life to Cut Around 600 Positions by the End of 2028WSJ · 19h

Swiss Life announced that it will reduce its workforce by roughly 600 jobs by the close of 2028. The company says the reductions will be carried out mainly through natural attrition rather than outright layoffs. Approximately half of the cuts are slated to occur within its Swiss operations, while the remaining positions will be eliminated from its asset‑management activities abroad. Swiss Life did not provide further detail on the timing or specific functions affected by the plan.

Jollibee Eyes Hong Kong as Listing Venue for Overseas ArmWSJ · 20h
How Aston Martin’s latest financing sparked a bondholder revoltFT · 20h

Aston Martin’s recent financing arrangement with BlackRock‑owned credit firm HPS has triggered a revolt among the carmaker’s bondholders. Critics of the deal argue it places undue risk on existing debt holders and could undermine the company’s financial stability. The disagreement has escalated into a high‑stakes legal battle, with bondholders seeking to challenge the terms of the financing and protect their interests. The dispute highlights tensions between luxury‑automaker financing strategies and the expectations of investors holding its bonds.

Ikea cuts prices in Europe by €1.2bn to counter cost of living crisisFT · 21h
LSE prepares to launch tokenised stocks in digital markets pushFT · 21h

Markets & Economy

Singapore Dollar Consolidates as U.S.-Iran Conflict WeighsWSJ · 42m
India’s Diaspora Deposit Flows Surpass $100 Billion, FE ReportsBBG · 42m
Minimax Emerges as Mainland China Investors’ New Favorite StockBBG · 1h
Copper’s Rally Stalls as Worries About Global Economy ResurfaceBBG · 1h
Bessent on China's G20 Dissent, Japan, and Canada SpatBBG · 1h
Rupee Rally Gets a Boost From Bullish Charts and RBI’s Reserve AmmoBBG · 1h
Unitree Plunges 50% From Peak in Fast Reversal After Huge Debut PopBBG · 1h
RBNZ Delivers Back-to-Back Rate Hikes to Curb InflationBBG · 2h
BOJ Board Hawk Calls for Nimble Hikes to Prevent Price RisksBBG · 2h
Australia’s Faster Economic Growth Bolsters Rate-Hike CaseBBG · 2h
Japan Vows to Keep Eye on Yen as Inflation Fears RiseWSJ · 2h
Gold Falls, Weighed by Mideast Conflict, Stronger DollarWSJ · 2h
Insolvent Bathla Faces 24-Hour Deadline for Deal With CreditorsBBG · 2h
The Bond Market Issues World Leaders a Failing GradeWSJ · 3h
Bessent Says Hormuz Route Will Be Bypassed In the FutureBBG · 3h
China Bond Sales Set to Accelerate, Putting Focus on PBOCBBG · 3h
Nikkei Falls 2.2%, Dragged by Chip-Related StocksWSJ · 3h
BOJ’s Ueda Hints at September Rate Hike as Bets on Move MountBBG · 3h
Oil Rises Amid Growing U.S.-Iran HostilitiesWSJ · 4h
Gold Extends Decline as Inflation Risks Lift Fed Rate-Hike BetsBBG · 4h
Why High Yields on Government Bonds Are Causing AlarmBBG · 4h
Bessent Says China Prevented G20 Communique Over Imbalance SpatBBG · 4h
Seraphim Launches New ETF to Target Pure-Play Space InvestorsBBG · 5h
S. Korea’s Inflation Picks Up on One-Off Phone Bill EffectBBG · 5h
A Guide to Owning Bonds When They Are Selling OffWSJ · 5h
Stocks, Bonds Extend Losses as Oil Gains on Iran: Markets WrapBBG · 6h
Latest Oil Market News and Analysis for Sept. 2BBG · 6h
Using Smart Devices to Improve SleepBBG · 6h
Opinion | Hurray for the Bond MarketWSJ · 6h
FirstFT: Global bond sell-off deepensFT · 6h
5 of the Top Financial Advisor Companies for Retirees: Well-Known Fiduciary Firms to ConsiderWSJ · 6h
U.S. Launches New Strikes on Iranian TargetsWSJ · 6h
US diesel prices soar as Trump hauls in refinersFT · 6h
Germany Plans Measures to Curb China Trade in Coming WeeksBBG · 7h
U.S. Stocks Fall as Oil, Bond Yields Spike, U.S.-Iran War Heats UpWSJ · 7h
Bessent’s Bond Gains Wiped Out as Treasury Yields Jump AgainBBG · 7h
Vanguard, BlackRock ETF Shuffle Lets Foreign Investors Duck US TaxBBG · 7h
Auto & Transport Roundup: Market TalkWSJ · 7h
Basic Materials Roundup: Market TalkWSJ · 7h
US defends Venezuela deal as Chevron prepares to expand operationsFT · 7h
Bond Yields Around the World Soar in Challenge to Government BorrowingWSJ · 7h
Canada’s TSX Tumbles Most Since June; Tech, Banks DropBBG · 7h
Canada Can Ride Out Global Bond Rout, Finance Minister SaysBBG · 7h
Middle East Conflict Sends Oil Up, Bonds DownWSJ · 8h
Warsh and peaceFT · 8h
US launches further strikes on Iran as conflict flares upFT · 8h
Oil Prices Push Global Bond Market Closer to the EdgeWSJ · 8h
Natural Gas Futures Edge DownWSJ · 8h
WTI Oil Back At $90 as U.S. Launches More Strikes Against IranWSJ · 8h
Republicans Seek More Changes at Hobbled Consumer WatchdogBBG · 8h
Gold Extends Decline on Higher Bond Yields, Oil PricesWSJ · 9h
U.S. Stocks Fall as Oil Surges After New Middle East StrikesWSJ · 9h
Finland Narrows Deficit in 2027 Budget as Economy RecoversBBG · 10h
Governments should heed the bond market’s warningFT · 10h
IMF agrees $2.2bn bailout for SenegalFT · 10h
Bessent Suggests Backing for BOJ Action in Meeting With UedaBBG · 11h
Global bond sell-off deepens amid inflation fearsFT · 11h
Politics keeps European stocks in America’s shadowFT · 11h
Opinion | The FHA Protects Taxpayers and HomeownersWSJ · 12h
Carney Says Trade Talks Can Resume If US Stops ‘Throwing Shade’BBG · 12h
These Banks Are Banding Together to Launch a StablecoinWSJ · 12h
US Job Openings Edge Higher in Sign of Stable Labor DemandBBG · 14h
US Factory Gauge Eases But Holds Close to Four-Year HighBBG · 14h
ECB’s September Hike Won’t Be Enough, Simkus Tells EconostreamBBG · 14h
ECB’s Nagel Says Slowdown in Underlying Inflation Is Good NewsBBG · 14h
Israel Cuts Interest Rates for Third Consecutive MeetingBBG · 14h
Fed’s Barr Says Higher Rates Needed If Inflation Doesn’t CoolBBG · 15h
Chile Economic Activity Posts Biggest Monthly Drop Since 2022BBG · 15h
Dollar Shows Muted Reaction Following Warsh’s Speech on FridayWSJ · 15h

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.

Brazil Economy Loses Steam as High Rates Bite Before VoteBBG · 15h
Saudi and South Korean oil tankers hit in Strait of HormuzFT · 16h
London Stock Exchange Plans Tokenized TradingWSJ · 16h
Why Andy Burnham should say: Jackdaw yes, Rosebank noFT · 16h
Shein’s unhappy IPOFT · 17h
How to understand the current puzzle in bonds and equitiesFT · 17h
The Morning Risk Report: FTC Files Lawsuit Alleging Amazon Deceived AdvertisersWSJ · 17h
Bond rout raises spectre of Budget tax risesFT · 17h
The Gas-Station Chain That Is Eating Domino’s LunchWSJ · 17h
Jersey Mike’s Is Winning the Sandwich War. It Still Needs to Win Over Gen Z.WSJ · 18h
Private equity firms snap up more London-listed companiesFT · 18h
Bond Slide Spreads to Emerging Markets on Fed Rate Hike BetsBBG · 18h
Shein shares slide as much as 10% in Hong Kong debutFT · 19h

Shein, the fast‑fashion retailer, completed its long‑delayed initial public offering on the Hong Kong Stock Exchange, but the stock fell about 10 percent on its first day of trading. Analysts noted that the listing came at a valuation many observers described as “bargain‑basement,” reflecting concerns over trade and regulatory risks. The share‑price slide marked a muted start for the company’s long‑awaited market debut.

Partners Group replaces chief as fund redemptions weigh on sharesFT · 19h
Stock Market News, Sept. 1, 2026: Oil Surges After New Middle East StrikesWSJ · 19h
European Equities Largely Lower Though AI Stocks GainWSJ · 20h

The Nikkei index slipped about 1.0%, with semiconductor‑related shares bearing the brunt of the fall. Traders cited renewed worries over the conflict in Iran and the prospect of higher energy prices as key factors weighing on sentiment. The broader market followed the chip sector’s decline, pulling Japanese equities lower despite otherwise mixed activity.

How Aston Martin’s latest financing sparked a bondholder revoltFT · 20h

Aston Martin’s recent financing arrangement with BlackRock‑owned credit firm HPS has triggered a revolt among the carmaker’s bondholders. Critics of the deal argue it places undue risk on existing debt holders and could undermine the company’s financial stability. The disagreement has escalated into a high‑stakes legal battle, with bondholders seeking to challenge the terms of the financing and protect their interests. The dispute highlights tensions between luxury‑automaker financing strategies and the expectations of investors holding its bonds.

LSE prepares to launch tokenised stocks in digital markets pushFT · 21h
Mozambican President Revokes Appointment of Central Bank ChiefBBG · 22h
More WarshologyFT · 22h
This time it really was differentFT · 23h

Tech

Can Evan Spiegel Sell the World on $2,195 Smart Glasses?WSJ · 4h

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 · 4h
China’s real robot revolution is not about humanoidsFT · 5h
Opinion | Young Americans and the Flock Camera ControversyWSJ · 5h
Apple Updates Maps to Show Lake America to U.S. UsersWSJ · 6h
Opinion | When AIs Say They’re SentientWSJ · 7h
New Google AI Model Said to Narrow Gap on Coding AbilityWSJ · 7h
New Google AI Model Said to Narrow Gap on Coding AbilityWSJ · 7h
Opinion | Protect the Earth—Build More Data CentersWSJ · 7h
Tech, Media & Telecom Roundup: Market TalkWSJ · 7h
OpenAI to Restrict Astra Model After Rating It ‘Critical’ Cyber RiskWSJ · 7h
Russia secretly helping Iran develop supersonic cruise missilesFT · 8h
The Apple Empire That John Ternus Inherits—By the NumbersWSJ · 8h
The Apple Empire That John Ternus Inherits—By the NumbersWSJ · 8h
AI hits college graduates in the heart of America’s data centre boomFT · 9h
GoPro: a totally normal, unremarkable piece of merger activityFT · 10h
Health Care Roundup: Market TalkWSJ · 11h
America can’t win the AI race if the rollout lacks public supportFT · 12h

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 · 12h
Action camera maker GoPro to be acquired after decade-long declineFT · 12h
OpenAI Hits Back at Apple Lawsuit Claiming It Stole Trade SecretsWSJ · 12h
Novartis Pauses Autoimmune Cell Therapy Studies After DeathsWSJ · 13h
How Cloud Pioneer Box Is Evolving With AIWSJ · 14h
The Morning Risk Report: FTC Files Lawsuit Alleging Amazon Deceived AdvertisersWSJ · 17h
When is an engineer not an engineer?FT · 18h
Fervo Secures Its Largest-Ever Geothermal Power Deal, With GoogleWSJ · 18h
‘Off the Sidelines’—Lowe’s CEO Marshals Skilled Workers CoalitionWSJ · 18h
See the New Building Techniques Turbocharging the Data-Center BoomWSJ · 18h
See the New Building Techniques Turbocharging the Data-Center BoomWSJ · 18h
South Korea unveils record budget increase to cash in on AI boomFT · 22h

Deal Flow

M&A / Strategic

Aon agreed to acquire insurance brokerage USI Insurance Services from KKR for $17B, including debt17h
Oil field services provider SLB agreed to acquire German cooling equipment maker Kelvion from Apollo in a $3.4B cash deal, including debt17h
Eli Lilly plans to buy Merida Biosciences for $2.9B cash to expand in autoimmune and allergic diseases17h

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 banks17h
Japan's House Foods Group is considering a sale of $1.1B-listed iconic Japanese curry rice chain CoCo Ichibanya17h
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 deal17h
India's GRT Jewellers will take a 74% stake in Indian jewelry retailer Tribhovandas Bhimji Zaveri for up to $110M followed by mandatory full ownership17h
Zambia's state-owned mining investor ZCCM Investments Holdings is considering a share sale to boost liquidity17h
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 space17h

VC

Polymarket raised $1B at a $21B post-money valuation led by 1789 Capital17h
Scan.com, a medical imaging infrastructure platform, raised a $90M Series C led by Noteus Partners17h
Reframe Systems, a physical AI company for modular home construction, raised $40M in funding led by Energy Impact Partners17h
Clipto, a video search startup, raised $15M at a $250M valuation from HSG, GL Ventures, Palm Drive Capital, and others17h
Apate.AI, an Australian AI anti-scammer startup, raised an $11.4M seed round led by Lobby Capital17h
Diffraqtion, a quantum camera platforms company for defense and space sensing, raised a $10M pre-seed round led by Ground State Ventures17h
Molten Salt Solutions, an isotope-enrichment company, raised a $7M seed round led by Dolby Family Ventures17h
Hearvana, an auditory intelligence startup, raised a $6M pre-seed round co-led by Point72 Ventures and SCB 10X17h

IPOs / Listings / Issuances / Block Trades

Activist Elliott built a stake in $125B-listed French industrial gas group Air Liquide17h
SHEIN raised $1.75B at a $26.5B valuation in a Hong Kong IPO priced below the top end of a marketed range17h
Tencent-backed Chinese chipmaker Enflame is seeking to raise $910M in its China IPO17h
$25B China-listed chipmaker Longsys is seeking to raise $800M in a Hong Kong listing17h
KKR-backed hair ⁠and nail care firm Wella filed for an IPO17h

Debt

Apollo is looking to turn its $9B stake in pipeline operator Oneok into investment grade debt it can sell to investors17h
Saudi Arabia is in early talks to raise $8B from a fresh loan to diversify funding amid the Iran war17h
Nvidia will buy $3.5B of convertibles in $200B-listed Taiwanese chipmaker MediaTek17h
Emergency household repairs provider HomeServe is in early talks for a $1.8B ABS bond sale to fund a dividend recap to owner Brookfield17h

Bankruptcy / Restructuring / Distressed

Brookfield-owned car dealership software provider CDK Global agreed to subordinate $675M of Brookfield's debt in exchange for a maturity extension17h
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 season17h

Funds / Secondaries

Ares raised $3.8B for a Japan-focused logistics fund17h
India's state-owned National Investment and Infrastructure Fund raised $2B for a targeted $3.2B infrastructure fund17h
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 Planning17h
Carrick Capital Partners raised a $600M single-asset CV for identity security company Saviynt led by Coller Capital and HSBC Asset Management17h
India's Spark Capital raised $265M across a new late-stage PE and credit fund17h

Reforma

Detectan anomalías por miles de millones en GobiernoNacional · 2h
Bajan homicidios y delitos de alto impactoPortada · 3h
Niega senador Ochoa que Adán Augusto sea su 'Jefe'Portada · 3h
Poder absoluto le ha servido a Morena para imponer.- ColosioPortada · 4h
Acusa ex secretaria de Manzo despido tras declarar ante FGEPortada · 4h
Entregan Segundo Informe de Sheinbaum al CongresoPortada · 4h
Golpea apagón a la PenínsulaPortada · 17h
El reparto... por WhatsPortada · 17h

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 · 17h
Sube deuda pública 32.6% durante la 4TPortada · 17h