THE LATEST NEWS ON MERGERS & ACQUISITIONS, CAPITAL MARKETS AND TECH TRENDS

PHOTO: AMIR SHTANGER

Nvidia’s market value gets

$2 trillion boost on AI rally

The California-based graphics processing units, artificial intelligence, and computing technology leader emerged as the biggest global gainer in market capitalization for 2024, driven by the robust demand for its AI-centric chips across various industries. Read here

Hawaiian Electric sells 90% interest in ASB unit

The Honolulu-headquartered electricity supplier has closed a deal to sell its stake in American Savings Bank, helping the utility raise funds for the deadly 2023 Maui wildfire settlement. Read here

PHOTO: HAWAIIAN ELECTRIC

Nippon Steel offers US veto power in USS bid

The Japanese steelmaker has proposed giving the government blocking authority over any potential cuts to U.S. Steel's production capacity, as part of its efforts to gain approval for the takeover. Read here

PHOTO: US STEEL

DEALS ROUNDUP

INTERNATIONAL MARKETS

Retail traders seek over $60B for Bloks’ HK listing

Individual investors have applied to borrow to participate in the Chinese toymaker’s Hong Kong initial public offering, showing the market’s demand for new listings. Read here

Alibaba to sell Sun Art stake to DCP for $1.6B

The Chinese e-commerce giant has agreed to offload its majority stake in the hypermarket chain to the Hong Kong- and Beijing-based private equity firm. Read here