News
SoftBank boosts Open AI investment with $40 billion loan
SoftBank Group announced on Friday that it has secured a $40 billion bridge loan to boost investments in ChatGPT-maker OpenAI...
Anthropic wins AI tool court order
Anthropic has announced it secured a court order blocking a Trump administration ban on the government using its AI technology,...
Henkel to acquire Olaplex in $1.4 billion deal
German giant Henkel, parent company of Persil and Schwarzkopf, has finalized a deal to acquire all shares of OLAPLEX, a...
U.S. inflation set to hit 4.2% this year
The Organization for Economic Cooperation and Development has forecast U.S. all-items inflation at 4.2% for 2026. “The breadth and duration...
Equitable and Corebridge announce merger
Corebridge Financial, Inc. and Equitable Holdings, Inc. have announced that they have entered into a definitive agreement to combine in...
US import prices post largest gain since 2022
U.S. import prices rose the most in nearly four years in February as energy costs jumped in anticipation of conflict...
Merck buys Terns Pharmaceuticals for $6.7 billion
Pharma giant Merck is acquiring U.S. biotech firm Terns Pharmaceuticals for $6.7 billion, the company announced Wednesday. Merck is planning to acquire Terns at...
Meta to pay $375 million in New Mexico case
A New Mexico state court jury has found Meta liable for nearly $400 million in civil damages after a trial in...
Bank of Montreal launches tokenized cash platform with CME and Google
Bank of Montreal announced on Tuesday that it plans to introduce tokenized cash capabilities in partnership with CME Group and Google...
Gap launches AI-Powered fit and conversational checkout on Google Gemini
Gap Inc. the parent company of Old Navy, Gap, Banana Republic and Athleta, has introduced two new AI technologies designed to make online shopping "simpler and...
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