Abacus Global Management (NYSE:ABX) has entered into a strategic alliance agreement with diversified wealth and asset management firm Manning & Napier, alongside closing a minority equity investment in the company, the firms announced. Abacus joins Callodine Group and East
Voltera and Revel Transit have agreed to combine their businesses to build and operate fast-charging networks for autonomous vehicles, electric fleets, and ride-hail operators in dense U.S. cities, the companies said. According to the companies, the deal would put more tha
The combined entity will generate $1bn in annual revenue with Indorama Ventures holding a 51.8% stake post-merger. India’s Competition Commission cleared the merger of Indovida India into EPL, creating a packaging giant with an estimated $2bn valuation. The deal will see E
Immunic appoints Erik Lundgren as CEO to lead commercialization efforts for its late-stage multiple sclerosis therapy candidate. Immunic Inc (NASDAQ:IMUX, FRA:10VA) has appointed Erik Lundgren as chief executive officer, replacing Daniel Vitt, who will remain on the board
HICL Infrastructure reports 10.3% NAV return for the year, beating asset sale goals and raising dividend guidance to 8.65p for 2028. HICL Infrastructure delivered a 13.1% total shareholder return for the year, driven by a 10.3% net asset value (NAV) return and 7.1p per sha
PDD reports RMB 106.2 billion in Q1 revenue but sees net income decline to RMB 12.5 billion amid heavy long-term investments. PDD Holdings posted a 11% year-over-year increase in first-quarter revenue, reaching RMB 106.2 billion. However, net income attributable to ordinar
YieldMax’s AMZN-linked ETF reduces its weekly distribution by 6.64% amid a 40.38% annualized yield. YieldMax’s AMZN Option Income Strategy ETF (AMZY) lowered its weekly distribution to $0.0942, a 6.64% decline from the prior week’s $0.1009 payout. The fund’s annual distrib
Investors choosing between State Street SPDR S&P Bank ETF (NYSEMKT:KBE) and First Trust Nasdaq Bank ETF (NASDAQ:FTXO) could weigh the State Street fund's lower costs and broader diversification against the First Trust fund's recent momentum and concentrated focus on megacap...</p
The deal aims to boost IREN’s annual revenue to $4.4 billion by 2027 with new AI infrastructure deployments. IREN will invest $1.6 billion in Dell Technologies’ air-cooled Blackwell systems to expand its artificial intelligence data centers in Childress, Texas. The new inf
The investment targets whey protein production, packaging, and energy efficiency ahead of a planned merger with Arla. DMK Group will invest €55m to expand its dairy plant in Edewecht, Germany, including €26m for a new whey protein concentrate facility with 7,000-tonne capa
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