Wall Street stocks ended higher on Tuesday, with Apple rising and Tesla shares rallying as investors assessed consumer sentiment data and bet on a more flexible trade policy stance from the Trump administration next week.
THE LATEST NEWS ON MERGERS & ACQUISITIONS, CAPITAL MARKETS AND TECH TRENDS
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US stocks end higher; Tesla, Apple rise as traders focus on tariffs
Wall Street stocks ended higher on Tuesday, with Apple rising and Tesla shares rallying as investors assessed consumer sentiment data and bet on a more flexible trade policy stance from the Trump administration next week. Read here
AT&T in talks to buy Lumen’s $5.5B fiber unit
The Texas-based telecom major is reportedly in negotiations to acquire the Louisiana company’s consumer fiber operations in a move to offload the business, which provides high-speed internet to residences. Read here
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Ancora to sell Big River to fund US Steel revival
The United Steelworkers has claimed that an activist investor wants to sell the Pennsylvania steel producer’s state-of-the-art mills to fund upgrades of union-run facilities that date back to the days of Carnegie. Read here
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NEWS WORTH NOTING
NEWS WORTH NOTING
Microsoft adds AI deep research tools to Copilot
The Washington-based tech giant is introducing a “deep research” AI-powered tool in Microsoft 365 Copilot, its AI chatbot app, which performs analyses, including developing a go-to-market strategy. Read here
ENN Natural Gas seeks to privatise $12B ENN Energy
The Chinese natural gas company is aiming to buy the rest of the clean energy distributor with the aim of streamlining operations in its natural gas business. Read here
Grab eyes up to $2B loan
to support GoTo acquisition
The Singapore-based ride-hailing and delivery service is seeking a credit facility to back its potential takeover of the Indonesian tech company, according to reports. Read here
Merck to pay up to $2B
for Chinese heart drug
The global pharmaceutical company is set to acquire the rights to Jiangsu Hengrui Pharmaceuticals’ experimental heart drug in its second foray into China. Read here
H&F adds more banks to IPO of $22B firm Verisure
The majority owner of the European provider of monitored security systems has lined up additional lenders as it prepares for a potential initial public offering. Read here
