Tag: Business
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Exclusive-Eric Trump-backed defense technology company Space-Eyes to go public in $638 million SPAC deal, sources say
NEW YORK, July 31 : Defense technology company Space-Eyes has agreed to go public through a merger with special purpose acquisition company McKinley Acquisition Corp, in a deal valuing the combined business at $638 million, according to four people familiar with the matter.President Donald Trump’s son Eric T
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Stocks making the biggest moves premarket: Replimune, Chevron, Apple, Amazon, Moderna & more
These are the stocks posting the largest moves premarket.
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Novo Nordisk shares dive after heart medicine fails trial
The experimental medicine ziltivekimab didn’t translate into a statistically meaningful reduction in major cardiovascular adverse events, Novo said Friday.
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More consumer companies are staying private for longer, avoiding the IPO road
With the rise of secondary markets and a stronger liquidity environment, more companies are choosing to stay private for longer, according to experts.
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Seven & i agrees strategic partnership to bring in $1.9 billion investment
TOKYO, July 31 : Japan’s Seven & i Holdings has formed a strategic partnership with SoftBank Corp, PayPay and Sumitomo Mitsui Card, which will each invest 100 billion yen ($620 million) into the 7-Eleven operator, a filing showed on Friday. The total 300 billion yen investment comes after the 7-Eleven opera
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EU says necessary to monitor high risk AI systems after OpenAI, Anthropic AI hacking incidents
BRUSSELS, July 31 : Artificial intelligence developers should have in place tools to monitor their systems for security risks, senior European Commission officials said on Friday, following hacking incidents by OpenAI and Anthropic AI models.The comments came two days ahead before Europe’s landmark AI Act wit
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Saudi PIF’s $55 billion EA deal gets EU approval under subsidy rules
BRUSSELS, July 31 : Saudi Arabia’s Public Investment Fund and a group of investors have gained EU approval for their $55 billion acquisition of video game developer Electronic Arts under the bloc’s subsidy rules, a European Commission filing showed on Friday.In a regulatory filing on Thursday, Electronic Arts
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