Longer-dated US Treasury yields inched higher, while major stock indexes soften with investors focused on fiscal concerns as the United States Senate voted unanimously to ratify the sweeping No Tax on Tips Act.
THE LATEST NEWS ON MERGERS & ACQUISITIONS, CAPITAL MARKETS AND TECH TRENDS
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Treasury yields gain, stocks ease as Senate enacts ‘no tax on tips’
Longer-dated US Treasury yields inched higher, while major stock indexes soften with investors focused on fiscal concerns as the United States Senate voted unanimously to ratify the sweeping No Tax on Tips Act. Read here
Acrisure valued at $32B in $2.1B Bain-led round
The Michigan-based financial technology company has raised $2.1 billion from the Boston-based firm and other investors, allowing the insurer to fund an expansion into products beyond its core brokerage business. Read here
PHOTO: ACRISURE
Uber raises $1.2B with Aurora-linked bond deal
The California-based ride-hailing company’s exchangeable bond deal, linked to its shares in a self-driving truck firm, shows why the unusual financial maneuver can be more attractive than a typical stake sale. Read here
PHOTO: ILYA PLEKHANOV
NEWS WORTH NOTING
NEWS WORTH NOTING
Google eyes developing AI glasses with Warby Parker
The California-headquarterd tech giant intends to commit up to $150 million to the consumer eyewear company to jointly develop AI-powered smart glasses based on Android XR, the company said during Google I/O 2025. Read here
Dubai Holding gets $15B in orders for $584M REIT listing
The investment firm owned by the emirate’s ruler boosted the size of the offer and had demand for all shares within minutes of opening books on the Dubai Residential REIT’s deal. Read here
Rosneft acquires Russia’s largest rare earth deposit
Moscow's top oil producer has taken control of Tomtor, the country's largest rare earth metal deposit, a registry showed, after mounting calls for development of the field. Read here
Hengrui Pharma prices at top for $1.3B Hong Kong listing
The Chinese mainland drugmaker, which focuses its research on cancer and cardiovascular diseases, sold 224.5 million shares at the top of the marketed value range. Read here
Adriatic in takeover talks with Dundee Precious Metals
The British base metals mining company is negotiating a possible buyout of its Canadian peer in a deal that could value the UK firm at $935.3 million. Read here
