Elon Musk’s electric vehicle company beat core profit expectations as the Dow rose 1.72%, the S&P 500 climbed 2.16%, and the Nasdaq jumped 2.5% after President Donald Trump signaled progress on a China trade deal.
THE LATEST NEWS ON MERGERS & ACQUISITIONS, CAPITAL MARKETS AND TECH TRENDS
PHOTO: TESLA
Tesla shares leap by 6.3% as
US stock index futures surge
Elon Musk’s electric vehicle company beat core profit expectations as the Dow rose 1.72%, the S&P 500 climbed 2.16%, and the Nasdaq jumped 2.5% after President Donald Trump signaled progress on a China trade deal. Read here
Boeing sells Jeppesen unit to Thoma Bravo for $10.6B
The Virginia-based aerospace giant is set to sell its navigation unit and portions of its Digital Aviation Solutions business, excluding its core digital capabilities, to the Chicago-headquartered private equity firm. Read here
PHOTO: ANDRE DU-PONT
Apollo, Blackstone lay $4B credit for Jeppesen deal
The New York-headquartered asset managers are leading a private credit facility to support Thoma Bravo’s acquisition of Boeing’s digital aviation unit, in one of the largest direct lending deals of the year.Read here
PHOTO: JEPPESEN
Cantor nears $3B crypto venture with SoftBank
The New York-based firm is partnering with the Japanese lender, Tether, and Bitfinex to create Cantor Equity Partners, a multibillion-dollar bitcoin acquisition vehicle that will use the cash to form a new firm.Read here
PHOTO: CANTOR
NEWS WORTH NOTING
NEWS WORTH NOTING
OpenAI would buy Google's Chrome, exec testifies
The artificial intelligence pioneer would be interested in acquiring the Alphabet unit's web browser if antitrust enforcers are successful in forcing the company to sell the app as part of a bid to restore competition in search. Read here
Tariff turmoil casts pall over European banks' earnings
With international trade ties in tatters, Europe's leading banks are confronting a possibility that their strongest quarter of 2025 may already be behind them. Read here
Veraxa to list on Nasdaq
in $1.64B SPAC deal
Swiss biotech investor Xlife Sciences AG said its portfolio company would list on the US exchange in a merger deal with a special-purpose acquisition vehicle, or SPAC. Read here
Dubai's du plans hyperscale data center with Microsoft
The Emirates Integrated Telecom-munications Company PJSC has announced a $545 million hyperscale data center deal with the American software giant. Read here
PSA weighs selling stake in CK Hutchison's ports unit
The Singaporean company is exploring the sale of its 20% share in the ports business, joining the Hong Kong conglomerate in its controversial plans to sell. Read here
