According to the Financial Times sources, OpenAI is negotiating a new partnership agreement with Microsoft that would facilitate an IPO while safeguarding the software giant's access to cutting-edge artificial intelligence models. Microsoft has poured over $13 billion into OpenAI, making it the...

China's XPeng, a major electric vehicle manufacturer, is reportedly evaluating an initial public offering for a subsidiary focused on the creation of "flying" electric cars, Xpeng Aeroht, according to Bloomberg's sources. They mentioned that the company has asked banks to join in the IPO, which...

Swiss pharmaceutical firm Novartis AG announced it is acquiring US-based Regulus Therapeutics, which focuses on developing microRNA-based therapies. The agreement includes an initial payment of $0.8 billion with a potential extra payment of $0.9 billion contingent on Regulus obtaining regulatory...

The American financial firm Cantor Fitzgerald, overseen by Brandon Lutnick, the son of U.S. Secretary of Commerce Howard Lutnick, intends to establish a $3 billion bitcoin fund in collaboration with cryptocurrency firm Tether, SoftBank, and crypto exchange Bitfinex, as reported by the Financial...

The European Commission (EC) has imposed a fine of €500 million on Apple and €200 million on Meta for breaching the Digital Markets Act (DMA), according to the regulator's website. The relevant decisions were made following an extensive discussion with the companies about the situation, during...

The leader of Meta Mark Zuckerberg, Oracle CEO Safra Catz, and JPMorgan Chase Chairman James Dimon sold shares worth millions prior to U.S. President Donald Trump's announcement of raised import tariffs, Bloomberg reports. The agency cites the insider trading information provider Washington...

In the first quarter of 2025, U.S. Bancorp reported a 30% rise in net income and a 3.6% increase in revenue, with both metrics surpassing analysts' forecasts. The bank announced a net income of $1.709 billion, or $1.03 per share, for the January-March period, rising from $1.319 billion, or $0.78...

According to Reuters, the tariffs implemented by US President Donald Trump might result in over $1 billion in costs for US semiconductor equipment producers. Costs related to the industry were addressed during a meeting in Washington attended by officials and members of Congress, according to two...

Nissan is set to reduce the production of its best-selling U.S. model, the Rogue SUV, at its Kyushu plant in Japan by 13,000 units between May and July 2025. This decision comes in response to the 25% import tariff imposed by the U.S. on foreign-built vehicles. The reduction represents over a fifth...