The Dow Jones Industrial tumbled 1.1%, as the S&P 500 dropped 1%, while the tech-heavy Nasdaq 100 dove 1.3% as Israel’s attack on Iran shook global markets, leading oil prices to spike after what Iran described as a “declaration of war”.
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THE LATEST NEWS ON MERGERS & ACQUISITIONS, CAPITAL MARKETS AND TECH TRENDS
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    Dow, S&P 500, Nasdaq sink as Israel strike on Iran sends oil soaring 14%

    The Dow Jones Industrial tumbled 1.1%, as the S&P 500 dropped 1%, while the tech-heavy Nasdaq 100 dove 1.3% as Israel’s attack on Iran shook global markets, leading oil prices to spike after what Iran described as a “declaration of war”. Read here

      Meta invests $14.3B in AI firm Scale, recruits CEO

      The California-based tech giant is pouring investments in the artificial intelligence company and is poaching its CEO Alexandr Wang to join a team developing “superintelligence” at the Facebook parent. Read here

      PHOTO: NOKIA621

      Meta 300 Nokia621

      Micron boosts investment by $30B in onshoring push

      The Idaho-based memory chip maker is expanding its US investments following calls by President Donald Trump on companies to boost local expenditure amid looming threats of new tariffs on semiconductors. Read here

      PHOTO: micron

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      NEWS WORTH NOTING

      Google says global service outages now resolved

      The California-based tech and search engine giant said it has rectified a brief global service disruption on its platforms that affected multiple services such as music streamer Spotify and instant messaging provider Discord. Read here

      PHOTO: RAYSONHO

      Google 300 RAYSONHO

      NEWS WORTH NOTING

      NEWS WORTH NOTING

      DEALS ROUNDUP

      • Thermo Fisher to sell parts of diagnostics unit for $4B
      • Carlyle, Citi form partnership to fund fintech lenders
      • Cyera secures $540M in Series E; reaches $6B valuation
      • AMD turns to AI startups to inform chip, software design
      • Air taxi maker Archer gets $850M after Trump exec order
      • Meta teams with XGS to build 150 MW geothermal plant
      • Gecko Robotics raises Series D funding; valued at $1.25B
      • Meter lands $170M new funding led by General Catalyst
      • Muon Space closes $146M in Series B led by Congruent
      • Canary Technologies raises $80M in Series D funding

        INTERNATIONAL MARKETS

        BPCE agrees deal to buy Novo Banco for $7.4B 

        The French banking group is set to acquire the Portuguese lender, including absorbing a 75% stake held by private equity firm Lone Star, according to a report. Read here

        China holding off $35B Synopsys-Ansysd merger

        China's market regulator has postponed its approval of a proposed merger between the software companies after the US tightened chip export controls against China. Read here

        AstraZeneca signs $5.3B AI research deal with CSPC

        The Anglo-Swedish biomedical company has signed an agreement with the Chinese pharmaceutical group in an effort to develop therapies for chronic conditions. Read here

          Dundee Precious to buy  Adriatic in $1.25B deal

          The Canaddian precious metals company is set to acquire its British peer in a cash-and-stock deal marking the latest in a string of foreign takeovers of UK firms. Read here

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