Last month, Trump said his administration was considering reclassifying marijuana, which could also lead to lighter criminal penalties for its use. According to Trump, cannabidiol, derived from hemp, could “revolutionize healthcare for seniors,” helping to slow the progression of diseases…
The deal comes just weeks after the White House orchestrated an unprecedented move by the U.S. government to take a large stake in Intel. The investment would make Nvidia one of Intel’s largest shareholders, with a stake of about 4%…
Ellison’s fortune increased by $89 billion after Oracle reported a quarter that beat analysts’ expectations and announced prospects for further growth. As a result, his total wealth reached $383.2 billion, according to the Bloomberg Billionaires Index. It was the largest…
Private equity firm GTCR has struck a 4.1 billion euro ($4.8 billion) deal to buy Czech generic drug maker Zentiva from Advent International, the Financial Times reported on Wednesday, citing unnamed sources. Reuters could not immediately confirm the report. GTCR,…
AI assistants for software developers have gone from a fashion trend to a real business tool, but instead of loud promises of a CEO revolution, a clear economic model for implementation is needed. Oleksiy Vygodsky, Head of Enterprise Applications and…
The round, one of the largest for AI companies to date, was led by investment firm Iconiq Capital, along with Fidelity Management and Research Co. and Lightspeed Venture Partners. Other participants in the round included Singapore’s GIC and Insight Partners.…
Amazon Web Services will create the AWS Asia Pacific (New Zealand) region to “meet the growing demand for cloud services across the country and help organizations of all sizes accelerate their digital transformation,” Amazon said in a statement Tuesday in…
The round was led by existing investor Tribe Capital and co-led by Pelion Ventures, according to a statement on Tuesday, which was confirmed by Bloomberg News. Other participants include Y Combinator, Marbruck Ventures and True Arrow . Based in Mexico…
This will be one of the largest deals in the history of ChatGPT developer. Founded in 2021, Statsig builds tools that help software developers test and flag potential new features. Its services have been used by employees at OpenAI, Eventbrite…
BT and Transaction Network Services (TNS) today announced that TNS has agreed to acquire BT’s Radianz business. The transaction is expected to close in the first half of 2026, subject to customary closing conditions, including regulatory approvals. Founded over 20…
Elliott said the position makes it one of PepsiCo’s largest shareholders. The company sent a letter to its board of directors on Tuesday. PepsiCo said it would consider Elliott’s proposals in the context of its growth strategy, which it said…
The spin-off, which is scheduled to be completed in the second half of 2026, is the latest in a series of restructurings among major global consumer brands that once embraced the conglomerate model but are now rethinking their business structures…