President Donald Trump is expected to announce a bilateral agreement with the United Kingdom, the first for his administration since imposing sweeping “reciprocal” tariffs against all trading partners in early April.
THE LATEST NEWS ON MERGERS & ACQUISITIONS, CAPITAL MARKETS AND TECH TRENDS
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Trump to unveil ‘full’ US-UK trade deal, first since ‘Liberation Day’
President Donald Trump is expected to announce a bilateral agreement with the United Kingdom, the first for his administration since imposing sweeping “reciprocal” tariffs against all trading partners in early April. Read here
A federal appeals court has rejected a legal challenge by the Federal Trade Commission to the Washington-headquartered tech giant’s purchase of the “Call of Duty” developer, upholding a lower court judge’s order. Read here
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Blackstone, Vanguard, Wellington launch fund
The private equity firms have laid out plans for an interval fund that will invest in public equities, bonds and private markets, as part of their effort to expand private-market offerings to retail clients. Read here
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NEWS WORTH NOTING
NEWS WORTH NOTING
US AI companies to give Congress policy wishlist
Top executives at American artificial intelligence giants OpenAI, Microsoft and AMD are set to appear at a US Senate hearing and outline ways they believe Washington can stay ahead of Beijing in the AI race. Read here
BP-Shell megadeal would create rival to Exxon Mobil
A merger of the British energy giants would be among the largest deals in European history, creating for the first time a regional oil major that could challenge industry leaders. Read here
Asian banks see big boost to wealth business amid rally
A sharp upswing in currencies is set to boost demand for wealth and forex products as clients seek alternatives to US dollar-denominated assets and demand for hedging grows. Read here
Nippon Telegraph to take NTT Data private for $16.4B
The Japanese telecoms giant has announced plans to delist its IT services and consulting subsidiary by purchasing the shares it does not yet already own. Read here
Apollo, Car Inc to launch self-driving rental service
Chinese tech giant Baidu’s smart driving unit is teaming up with the local auto rental firm to launch a “first-of-its-kind” autonomous driving rental service. Read here
