Ward: Science

321

Elliott Refinanced Altice International's Holding Company Loan

A holding company of Altice International obtained funds from Elliott Investment Management to refinance more than €500 million ($586 million) of debt, as part of a broader effort by Patrick Drahi’s telecommunications conglomerate to sort out its pile of liabilities, people familiar with the matter …

341

Prediction markets barely make money; sportsbooks make money

Kalshi’s ‘truth machine’ is financialising differences of opinion (about sports)

340

UK contactless card limit of £100 to be scrapped from 19 March

Under changes revealed by regulator, banks and card providers encouraged to set their own maximumsThe £100 limit on contactless card payments will be scrapped next year and consumers could get the ability to spend as much as they want without inputting their pin under changes announced by the UK fin…

319

Bridgepoint Is Said to Expand in Secondaries With Newbury Deal

UK buyout firm Bridgepoint Group Plc is expanding into a fast-growing segment of the private equity market by adding a team from mid-market secondaries firm Newbury Partners, according to people familiar with the matter.

220

European Commission renews UK data adequacy agreement, ensuring continued free flow of data

Despite calls from some data protection campaigners, the UK's agreement to allow data movement with European Economic Area countries is extended until 2031

235

Exclusive: Cursor acquires code review startup Graphite as AI coding competition heats up

The deal will gives Cursor, currently valued at $29 billion, more code review and debugging capabilities

220

Pimco, Witkoff Firm Default on $400 Million LA Apartment Complex

Pacific Investment Management Co. and Witkoff Group, the real estate developer founded by US special envoy Steve Witkoff, are in default on a $400 million-plus loan tied to a luxury apartment complex in Santa Monica, California, according to a notice filed with Los Angeles County.

218

Here's how Trump's new fusion company could navigate the road ahead

Let's explore what's next for the year's surprise odd couple: Trump Media's merger with TAE Technologies, a company trying to commercialize fusion.Why it matters: The deal injects new cash into TAE as fusion — long more science fiction than energy reality — moves closer to commercial scale. The merg…

223

‘The rocket ship keeps going off’: inside the Nvidia phenomenon with author Stephen Witt

"The Thinking Machine" was just crowned the FT and Schroders business book of the year because Witt got deep inside the "once-in-a-lifetime opportunity."

231

OpenAI is reportedly trying to raise $100B at an $830B valuation

The ChatGPT maker is aiming to raise the funding by the end of the first quarter in 2026, and the company may ask sovereign wealth funds to invest in the round.

219

Wafra CEO Al-Mubaraki to Depart Kuwait-Owned Private Asset Firm

Fawaz Al-Mubaraki, the chief executive officer of Wafra Inc., is leaving at year-end after almost a decade leading the investment manager owned by Kuwait’s state pension agency.

218

Billionaire backs shake-up at FDA: ex-Enron trader upends drug policy

John Arnold parlayed windfall from natural gas bets into a foundation that is challenging medicine approvals

210

BBDO International CEO: The biggest risks are the ones not taken

Also: All the news and watercooler chat from Fortune.

111

From Roombas to e-bikes, why are hardware startups going bankrupt?

The hardware world had a brutal week, with iRobot, Luminar, and Rad Power Bikes all filing for bankruptcy. Each company faces its own mix of tariff pressures, supply chain issues, and shifting markets, but together they tell a larger story about the challenges of building physical products in an er…

111

Shareholders, Lenders Press for Solution to Raízen’s Debt Woes

Raízen SA, Brazil’s struggling sugar and ethanol company, is stepping up efforts to shore up its balance sheet, with shareholder talks gaining urgency after the company’s dollar bonds tumbled.

111

Investors can’t get enough of OpenAI and Databricks — Oracle, not so much

The artificial intelligence money scramble continues all the way into the end of the year, as OpenAI may raise $10 billion from Amazon, perhaps part of as much as $100 billion from a range of investors, at a valuation of $750 billion. And Databricks is doing a $4 billion Series L round — first time …

109

Will the TikTok deal mean the app changes in the US?

The app's Chinese owner ByteDance has signed a deal with investors to run its business in the US.

108

Sony collars Snoopy in £340m deal to take control of Peanuts franchise

Japanese conglomerate raises to 80% its stake in firm that owns the intellectual property created by Charles SchulzBusiness live – latest updatesSony has taken control of Charles Schulz’s Peanuts franchise including Snoopy and Charlie Brown in a deal worth C$630m (£340m).The Japanese conglomerate ha…

109

AI Drives CapEx Chip Equipment to Record $156B in 2027

Largest investment is for high-bandwidth memory, essential for AI in data centers.
The post AI Drives CapEx Chip Equipment to Record $156B in 2027 appeared first on EE Times.

110

UnitedHealth Flags Compliance Gaps in Outside Consultant Reviews

UnitedHealth Group Inc. released the first outside reviews of its business practices — reports it commissioned that describe its policies as “robust” while pointing to ongoing problems in areas that have faced scrutiny.