Wall Street stock futures soared, the dollar rallied and gold prices cooled off as the Trump administration and China temporarily slash the harsh duties imposed on each other and work together to limit disruptive trade spats.
THE LATEST NEWS ON MERGERS & ACQUISITIONS, CAPITAL MARKETS AND TECH TRENDS
PHOTO: FREEPIK
Stocks, dollar surge as US and China agree on 90-day tariff relief
Wall Street stock futures soared, the dollar rallied and gold prices cooled off as the Trump administration and China temporarily slash the harsh duties imposed on each other and work together to limit disruptive trade spats. Read here
Bain Capital to acquire
PCI Pharma in $10B deal
The Boston-based firm is in exclusive discussions to buy a majority stake in the Philadelphia contract development and manufacturing organization in what would be one of the largest private equity buyouts of the year. Read here
PHOTO: BAIN CAPITAL
Hellman & Friedman kick off $6B sale of Enverus
The American private equity giant has initiated a sale process for the Texas-based energy software company in a deal that could value the business at approximately $6 billion, according to a report. Read here
PHOTO: ENVERUS
NEWS WORTH NOTING
NEWS WORTH NOTING
Microsoft, OpenAI may be renegotiating partnership
The artificial intelligence pioneer is in “a tough negotiation” with one of its biggest investors and partners as the startup recently announced a major change to its corporate restructuring plans. Read here
Santander rejects NatWest’s $15B bid for UK retail unit
The Spanish banking giant has rejected an offer from the state-backed British lender for its retail bank, saying the bid undervalued the business, according to reports. Read here
CATL to raise at least $4B
in largest Hong Kong listing
The Chinese electric-vehicle battery maker is selling 117.9 million shares at an offer price of $33.75 per share, according to filings lodged with the Hong Kong Stock Exchange. Read here
Pan American Silver to buy MAG Silver in $2.1B deal
The Canadian silver mining companies have entered into an acquisition agreement for all of the issued and outstanding common shares of the tier-one primary miner. Read here
Saudi’s Flynas sells out
all $1.1B shares from IPO
Saudi Arabia ’s low-cost carrier sold within minutes of opening all of the $1.1 billion in shares from its initial public offering on the Riyadh stock exchange. Read here
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