The Dow surged 1.32%, S&P 500 climbed 1.52%, while the Nasdaq rose 1.63% after President Donald Trump dialed back his threat of steep tariffs against the European Union, cooling tensions between the United States and the European bloc, as traders returned after the Memorial Day break.
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THE LATEST NEWS ON MERGERS & ACQUISITIONS, CAPITAL MARKETS AND TECH TRENDS

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    PHOTO: EZPS

    US stock futures rally after long weekend on Trump’s tariff reprieve

    The Dow surged 1.32%, S&P 500 climbed 1.52%, while the Nasdaq rose 1.63% after President Donald Trump dialed back his threat of steep tariffs against the European Union, cooling tensions between the United States and the European bloc, as traders returned after the Memorial Day break. Read here

      Salesforce nears $8B deal for cloud firm Informatica

      The California-based software giant is reportedly close to finalizing a deal to acquire the data-management software firm known for its flagship platform, Intelligent Data Management Cloud, at $25 per share. Read here

      PHOTO: MEDULLAOBLONGATA PROJEKT

      Germany_Munich_Salesforce_logo_Medullaoblongata Projekt

      Trump Media to raise $3B to buy cryptocurrencies

      Truth Social parent Trump Media & Technology Group is planning to secure $2 billion in fresh equity and $1 billion more through a convertible bond to spend on cryptocurrencies such as bitcoin. Read here

      PHOTO: TRUTH SOCIAL

      TRUTH SOCIAL 300

      NEWS WORTH NOTING

      NEWS WORTH NOTING

      Nvidia to launch cheaper Blackwell AI chip for China

      The California-headquartered graphics processing units maker is set to unveil a new artificial intelligence chipset at a significantly lower price than its recently restricted H20 model and plans to start mass production by June. Read here

      PHOTO: WILL BUCKNER

      Nvidia_sign_Will Buckner

      DEALS ROUNDUP

      • US may hold some US Steel shares in Nippon Steel deal
      • Strava raises funding at $2.2B valuation including debt
      • Nuclear fission startups get backing by Big Tech for AI
      • Harmony expands in Australia with $1B MAC Copper deal
      • Quadria Capital closes oversubscribed $1B healthcare fund
      • Samsung to invest in $100M round for medical imager Exo
      • Gemspring to acquire Goodyear’s polymer chemicals unit
      • ITM secures up to $262.5M in debt financing with Blue Owl
      • Peak Technology buys additve maker Jinxbot 3D Printing
      • Hedra secures $32M in Series A fund to expland platform

        INTERNATIONAL MARKETS

        Brookfield eyes $100B India assets under management

        The global alternative asset manager is projecting a more than threefold increase in its Indian portfolio over the next five years, up from the current $30 billion AUM. Read here

        TowerBrook, Stonepeak, Warburg mull $6.1B AA exit

        The private equity owners of the British roadside assistance group are preparing to explore options for the firm following a sustained turnaround under their stewardship. Read here

        TSMC will open a European chip design centre in Munich

        Taiwan Semiconductor Manufacturing Co, the world's largest contract chipmaker, will open a chip design centre in Germany slated to open during the third quarter of 2025. Read here 

          IndiGo airline’s co-founder raises $1.4B from stake sale

          Rakesh Gangwal and his family trust saw returns from the upsized sale of a 5.7% stake in the carrier, further cutting the billionaire’s holding in InterGlobe Aviation. Read here

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