The new deal would be a reduction for Nuro from the reported $8.6 billion valuation it was valued at in 2021 after raising $600 million in a Series D round led by Tiger Global Management. After that round, the Mountain…
Elon Musk launched the Cybertruck, a cyberpunk-style electric pickup truck, in 2023 with the ambition of changing the rules of the pickup truck market. But demand turned out to be much lower than expected. Its manufacturer, Tesla, sold 40,000 units…
Prada is looking to expand in the face of a slump in luxury goods demand, while Versace is operating at a loss. The merger strengthens Italy’s position in a luxury industry dominated by French conglomerates. The deal followed the March…
Visitors are likely to see attractions based on the studio’s most famous film franchises, including “Minions,” “Jaws,” and “Jurassic Park.” It is planned that during the construction period, about 20 thousand jobs will be created at the facility, and another…
According to the LEGO Group website, the LEGO Manufacturing Vietnam factory is the first LEGO facility in Vietnam and the second in Asia. The company calls the Vietnamese factory the most environmentally friendly of all LEGO factories to date. The…
A week before the start of a key antitrust trial against Meta (April 14), the company found itself at the center of a political scandal: Mark Zuckerberg’s meeting with Donald Trump at the White House has raised suspicions of possible…
Hidden Road will use Ripple’s RLUSD stablecoin as collateral for all of its core brokerage products and will move its post-trade operations to the XRP Ledger blockchain, according to the company’s statement. Ripple also sees potential for a cost and…
Assura has joined a growing list of UK companies being bought out and taken private by foreign private equity firms attracted by low valuations. The statement said that KKR and Stonepeak understand that Assura’s capital-intensive strategy can be more effectively…
As part of the deal, Sensodyne’s maker, Haleon, agreed to buy back 44 million shares from Pfizer, its current largest shareholder, while 618 million shares will be sold to institutional investors. The total sale amount represents 7.3% of the issued…
The new funding round is led by 8VC, a venture capital firm backed by Joe Lonsdale. The round doubles the previous valuation of the startup, which launched its generative AI coding tool a year ago. Cognition calls the tool, called…
The Chinese manufacturer of new energy vehicles (NEVs) is currently building two NEV production plants in Europe: one in Hungary and the other in Turkey. BYD Executive Vice President Stella Li said in an interview with Automobilwoche earlier this month…
Shield AI’s new valuation nearly doubles the company’s previous valuation of $2.7 billion after it raised $200 million in a Series F round in October 2023. San Diego-based Shield AI builds a range of intelligent autonomous systems for the defense…