The benchmark S&P 500 gained 0.4%, while futures for the tech-heavy Nasdaq Composite ticked up 0.8% as investors eyed potential progress in negotiations between the US and Japan fueled hopes for renewed tariff relief.
THE LATEST NEWS ON MERGERS & ACQUISITIONS, CAPITAL MARKETS AND TECH TRENDS
PHOTO: VWALAKTE
S&P 500, Nasdaq futures rise on hopes for trade talks progress
The benchmark S&P 500 gained 0.4%, while futures for the tech-heavy Nasdaq Composite ticked up 0.8% as investors eyed potential progress in negotiations between the US and Japan fueled hopes for renewed tariff relief. Read here
OpenAI’s $500B Stargate JV mulls UK data center
The massive data center project funded by SoftBank, Oracle, and OpenAI is weighing a future investment in the UK as it explores overseas locations to build out its artificial intelligence infrastructure. Read here
PHOTO: CHRISTOPHER BOWNS
KKR explores $10B sale for Atlantic Aviation
The New York private equity firm is considering a potential sale or public offering of the premier provider of aviation services across the US that the firm acquired for $4.5 billion in 2021, amid M&A rumors. Read here
PHOTO: ATLANTIC AVIATION
NEWS WORTH NOTING
NEWS WORTH NOTING
OpenAI in talks to buy Windsurf for about $3B
The California-based artificial intelligence pioneer is reportedly in discussions to acquire the AI-assisted coding tool formerly known as Codeium in a deal that would be the company's largest to date. Read here
Turkish nickel bull plans $2B spree to rival China
CoreX Holding is on a hunt for nickel mines, betting that the battery metal’s price will rebound and that the West will want those supplies to cut its reliance on China. Read here
Vista Energy buys Petronas’ Argentina oil stake for $1.5B
The Mexico-based energy company has acquired a 50% stake owned by the Malaysian state-owned oil giant in the Vaca Muerta shale basin, which could hold 400 new well locations. Read here
Poland’s InPost acquires British parcel firm Yodel
The parcel locker company has absorbed one of Britain’s biggest parcel delivery firms, a move that will make the Polish group the third-largest logistics player in the UK. Read here
Mubadala to buy $600M stake in UK’s Nord Anglia
The Abu Dhabi sovereign wealth fund is set to acquire a minority share in the private school operator, joining a global consortium led by Swedish private equity giant EQT. Read here
