Wall Street futures rose with the Dow hitting 1.1%, the S&P 500 climbing 1.5%, and the Nasdaq soaring by 1.7% after President Donald Trump exempted smartphones and computers from reciprocal tariffs on China.
THE LATEST NEWS ON MERGERS & ACQUISITIONS, CAPITAL MARKETS AND TECH TRENDS
PHOTO: EZPS
Tech shares soar, futures rally on tariff reprieve for electronics
Wall Street futures rose with the Dow hitting 1.1%, the S&P 500 climbing 1.5%, and the Nasdaq soaring by 1.7% after President Donald Trump exempted smartphones and computers from reciprocal tariffs on China. Read here
AE Industrial Partners mulls $2B York Space sale
The Florida-based private equity firm is working with an adviser to run an auction process for the Denver-headquartered satellite company, which has drawn interest from suitors including MDA Space. Read here
PHOTO: YORK SPACE
KSL closes oversubscribed $1.44 B opportunities fund
The Denver-based alternative investment firm has finalized its latest KSL Capital Partners Tactical Opportunities II with total capital commitments of $1.44bn, including contributions from the General Partner. Read here
PHOTO: KSL/LIEBENBERG
NEWS WORTH NOTING
NEWS WORTH NOTING
Alphabet, Nvidia invest
in Safe Superintelligence
The US tech giants have joined prominent venture capital investors to back the firm co-founded by OpenAI's former chief scientist that has quickly risen to become one of the most valuable AI startups. Read here
KKR signs $3.1B deal to buy OSTTRA from S&P Global
The private equity firm will acquire the joint venture of S&P Global and CME Group, in the firm's second acquisition in less than a week despite the tariff whiplash. Read here
Ageas snaps up esure from Bain in $1.7B deal
The Belgian insurer has agreed to acquire the British insurance company from the buyout firm, strengthening its personal lines and distribution capabilities in the region. Read here
UniCredit gets nod on
big Commerzbank stake
Germany's antitrust authorities have waved through the Italian lender's plans for a major stake in its German competitor, removing a further obstacle to the takeover. Read here
European shares rise as China tech tariffs ease
A rally in technology stocks helped lift European shares after President Donald Trump granted exclusions from steep tariffs on smartphones and computers. Read here
