The Dow Jones Industrial Average futures rose 2%, while the S&P 500 futures gained 1.5%, and Nasdaq futures jumped 1.3%. Meanwhile, Hong Kong's Hang Seng rose 1.5%, as China said it would fight if the US increases tariffs again.
THE LATEST NEWS ON MERGERS & ACQUISITIONS, CAPITAL MARKETS AND TECH TRENDS
PHOTO: VLAD LAZARENKO
Global stocks rebound as US indexes poised for positive start
The Dow Jones Industrial Average futures rose 2%, while the S&P 500 futures gained 1.5%, and Nasdaq futures jumped 1.3%. Meanwhile, Hong Kong's Hang Seng rose 1.5%, as China said it would fight if the US increases tariffs again. Read here
Broadcom unveils new $10B share buyback plan
The California-based designer and supplier of semiconductor and infrastructure software solutions is launching a new stock repurchase program, sending its shares up nearly 3% in extended trading.Read here
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Infineon to buy Marvell’s ethernet unit for $2.5B
The German chipmaker is set to buy the California-based semiconductor solutions specialist’s automotive ethernet business to expand its microcontroller segment and automotive division. Read here
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NEWS WORTH NOTING
Cloudflare buys developer database firm Outerbase
The California-based connectivity cloud company has acquired the database management and collaboration platform, enabling more teams to build and deploy full-stack, AI-enabled applications on its network.Read here
Arla plans tie-up with DMK to form Europe’s dairy giant
The Danish dairy company is set to merge with its smaller German rival to form the continent's biggest dairy cooperative owned by more than 12,000 farmers. Read here
US wants review of Nippon Steel’s bid for US Steel
President Donald Trump has directed a national security panel to take a fresh look at the Japanese steel giant’s bid for the American company, raising hopes of a green light. Read here
DeepRoute.ai works with Qualcomm on driver assist
The Chinese autonomous driving technology developer will be working with the wireless technology specialist to develop "cost-effective" advanced driver assistance solutions. Read here
Airbus in deal with Amazon for airline connectivity
The leading European aerospace manufacturer has signed a provisional agreement with the tech giant to provide airplane connectivity via its planned Kuiper satellites. Read here
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