President Donald Trump has arrived in Saudi Arabia to kick off a four-day swing through the Gulf region, focusing more on trade agreements than security crises ranging from the war in Gaza to the threat of Iran’s nuclear program.
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PHOTO: THE WHITE HOUSE
Trump in Saudi Arabia to open
Mideast visit; seeks big trade deals
President Donald Trump has arrived in Saudi Arabia to kick off a four-day swing through the Gulf region, focusing more on economic agreements than security crises ranging from the war in Gaza to Iran’s nuclear threat. Read here
Hub hits $29B valuation after $1.6B funding round
The Hellman & Friedman-backed insurance broker has secured fresh capital in a funding round led by T Rowe Price, Alpha Wave Global, and Temasek that values the Chicago-based firm at $29 billion. Read here
PHOTO: HUB INTERNATIONAL
NRG Energy shares soar
on $12B power assets deal
The Texas-based utility is set to acquire power generation assets from energy infrastructure investment firm LS Power amid surging electricity demand, sending its stocks up more than 24% to hit an all-time high of $148.30. Read here
PHOTO: NRG
NEWS WORTH NOTING
NEWS WORTH NOTING
Google launches new fund to back AI startups
The California-based tech giant has unveiled its AI Futures Fund, a new initiative that seeks to invest in companies that are building with the latest artificial intelligence tools from Google DeepMind. Read here
Trump faces $2T hurdle to win money from Saudi Prince
President Donald Trump’s hopes of securing as much as $1 trillion in investment commitments from the Saudi Arabia might clash with the kingdom’s own economic ambition. Read here
Samsung mulls buyout of FläktGroup for over $1.5B
The South Korean electronics giant is in the final stages of discussing the acquisition the European heating and cooling products provider at around $1.5 billion to $2 billion. Read here
China removes ban on Boeing deliveries from US
The Chinese government has lifted a restriction on airlines taking delivery of Boeing planes following the recent 90-day tariff trade truce with the United States. Read here
Exxaro agrees to $637.8M deal on manganese assets
The South African coal miner entered into a binding agreement to buy shares and claims in manganese assets held by Ntsimbintle Holdings and OM Holdings. Read here
