Microsoft shifts AI workloads in-house, reducing OpenAI reliance as Anthropic files for IPO and enterprise ROI doubts grow. Microsoft has locked OpenAI into $250 billion in Azure purchases while developing in-house AI models to reduce dependency on OpenAI. The move include
Nurix Therapeutics secures $700 million upfront and up to $1.6 million in milestones for its BTK-degrading drug partnership. Roche agreed to a $2.3 billion deal with Nurix Therapeutics for its BTK-degrading drug, bex-deg, including $700 million upfront. The agreement also
Them Andelsmejeri, Denmark’s dairy cooperative, shifts ownership to private equity after Arla’s blocked takeover over competition concerns. Danish dairy cooperative Them Andelsmejeri is being sold to local private-equity firm Erhvervsinvest, transferring operations to a ne
SpaceX is set to go public in a few days at a valuation north of $1.7 trillion. The narrative has quite a few big, futuristic bets: Starship, orbital data centers, and ambitions that stretch far beyond Earth But the business doing much of the heavy lifting today is
Chilean drinks company Compañía Cervecerías Unidas (CCU) has bought out Nestlé from the companies' joint venture in the country. A statement from CCU said the group has has paid approximately 165m pesos ($180m) for Nestlé's 49.9% stake in Aguas CCU-Nestlé Chile Foll
Italian app studio Bending Spoons, which has acquired businesses like Eventbrite, Vimeo, and WeTransfer in recent years, has filed to go public in the U.S. The company joins other names like SpaceX and Anthropic that are preparing to IPO this summer The company said
The State Street SPDR S&P Bank ETF (NYSEMKT:KBE) provides lower costs and higher yields, whereas the First Trust Nasdaq Bank ETF (NASDAQ:FTXO) offers a concentrated strategy that has delivered higher recent returns. Both funds offer targeted exposure to the U.S. banking se
The deal involves the Devilla storage facility, set to be one of Europe’s largest, with contracts supporting stable revenues through 2038. Copenhagen Infrastructure Partners has agreed to sell minority stakes in its 500MW Devilla battery storage project to the Scottish Nat
A sustained competitive advantage is the best way to sustain a company's growth and raise its stock price. But it's not always obvious to the market where one company stands relative to its competitors Elon Musk's SpaceX is the global leader in rocket launch service
SoundHound AI's CEO Says the Company Has a "Proven Track Record When it Comes to M&A." But Do the Numbers Really Back That Up? An easy way for a company to get bigger and add market share is to acquire other businesses And many businesses rely on mergers & acquisiti
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