Apple intends to spend $500 billion over four years in job creation and new facilities in Houston and Detroit, following past commitments from firms like SoftBank and Foxconn preceding President Trump’s endorsements.
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Tech giants have pledged over
$1 trillion in US investments
Apple intends to spend $500 billion over four years in job creation and new facilities in Houston and Detroit, following past commitments from firms like SoftBank and Foxconn preceding President Trump’s endorsements. Read here
Wall Street bankers race for slice of $5B CATL deal
A lack of recent multibillion dollar deals made the competition for a role on the Chinese lithium-ion battery maker’s Hong Kong listing even more intense, despite a US blacklisting hanging over the company.Read here
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PE giants bid for Reckitt’s $6B homecare portfolio
Lone Star Funds, Advent International, and Apollo Global Management have emerged as the leading contenders in the acquisition of the British consumer goods company’s brands, including Air Wick and Cillit.Read here
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NEWS WORTH NOTING
Amazon opens two new cross-dock facilities
The Seattle-based e-commerce giant has announced "major hiring initiative" plans with the opening of two buildings designed to receive and prepare goods for the company’s fulfillment centers.Read here
State-owned China International Capital Corp is set to combine with its peer China Galaxy Securities in a deal that would create the country’s third-largest brokerage. Read here
Japan Post planning $4B sale of shares in JP Bank
Japan’s postal giant is planning to sell shares in Japan Post Bank, reducing its stake below 50%, in the latest loosening of ties between the businesses. Read here
Baidu buys JOYY’s China live-stream unit for $2.1B
The Chinese search giant has bought the social media firm's live-streaming business, reviving a failed deal as it doubles down on the fast-growing digital video market. Read here
PAG mulls sale of $1.2B stake in India’s Nuvama
The Asian private equity firm is considering options that may lead to a sale of its majority stake in the Mumbai-listed wealth management firm, according to reports.Read here
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