LONDON: WPP plc (LSE/NYSE: WPP) today announces that Cindy Rose has been appointed as Chief Executive Officer (CEO) of the Company, effective 1 September 2025. Cindy succeeds Mark Read who will step down as CEO on the same date. Mark will continue to work with Cindy to support the transition until the end of the…
Jupiter Fund Management to acquire CCLA Investment Management in £100 million deal
LONDON: Jupiter Fund Management plc announced Tuesday it will acquire CCLA Investment Management Limited for £100 million, marking a major expansion into the UK non-profit asset management sector. The deal, subject to regulatory approval, positions Jupiter to broaden its domestic footprint by integrating CCLA’s £151 billion in assets under management and deep relationships with charities,…
Wall Street climbs as Nvidia touches $4 trillion and tariff jitters ease
Dow Jones rises over 200 points as tariff anxiety eases and tech stocks rally U.S. stocks rallied Wednesday, led by strength in technology shares as Nvidia briefly hit a historic $4 trillion market valuation and investors absorbed fresh tariff news from President Donald Trump. The S&P 500 rose 0.61% to close at 6,263.26, while the…
Merck to acquire Verona Pharma for $10 billion
U.S. pharmaceutical giant Merck announced Wednesday it will acquire U.K.-based Verona Pharma in a deal valued at approximately $10 billion, as the company seeks to bolster its respiratory treatment offerings and reduce dependence on its blockbuster cancer drug Keytruda. Under the terms of the agreement, Merck will pay $107 per American Depositary Share for Verona,…
Auddia names new CEO; Forms special committee to explore business combination
BOULDER: Auddia Inc. (NASDAQ: AUUD), a developer of AI-driven audio technologies, announced Tuesday that Jeff Thramann has succeeded Michael Lawless as chief executive officer, mar,king a leadership transition as the company explores a potential restructuring into an AI-native holding company. Lawless, who led Auddia and its predecessor Clip Interactive for 13 years, is retiring. Thramann,…
AirMDR secures $15.5 million seed funding to advance AI-driven cybersecurity platform
SAN FRANCISCO: AirMDR, a cybersecurity startup specializing in AI-native Managed Detection and Response (MDR), announced Wednesday it has raised $15.5 million in seed funding to accelerate product development and expand go-to-market efforts. The round was led by Race Capital, with continued support from Foundation Capital and Storm Ventures. The latest $10.5 million infusion builds on…
Atari SA reports 63% revenue growth, narrows losses in turnaround push
PARIS: Atari SA (Euronext Growth Paris: ALATA), the iconic video game company behind classics like Pong and Asteroids, posted a 63.7% surge in revenue for its fiscal year ending March 31, 2025, as its turnaround strategy gains momentum. The company’s revenue climbed to €33.6 million ($36.4 million), driven by strong game sales and strategic acquisitions, including the Intellivision brand and Transport…
The Blockchain Group nears completion of US OTCID Market listing process
PUTEAUX: The Blockchain Group (ISIN: FR0011053636, ticker: ALTBG), listed on Euronext Growth Paris, announced Wednesday that it is in the final stages of its listing application on the US OTCID market, a segment of OTC Markets Group. The listing, expected to be finalized within two to four weeks pending regulatory procedures and internal OTCID approvals,…
Rent-A-Container acquires Eagle Leasing; Expanding portable storage footprint across Eastern U.S.
ANN ARBOR: Rent-A-Container (RAC), a portfolio company of Kinderhook Industries, LLC, has acquired The Eagle Leasing Company, a leading provider of portable storage containers, ground level offices (GLOs), semi-trailers, and mobile office solutions in the Northeast United States. Founded in 1967, Eagle Leasing has built a strong reputation for high-quality equipment and customer-first service across…
Elton Manufacturing acquires Decatur Plastic Products
NORTH VERNON: Elton Manufacturing, a leading North American supplier of weatherstripping and windows for garage and entry doors, has acquired the assets of Decatur Plastic Products (DPP), a well-established injection molding company based in North Vernon, Indiana. The move marks a significant milestone in Elton’s 44-year history, signaling the company’s strategic expansion into the U.S….
Astronics acquires Envoy Aerospace to enhance aircraft certification capabilities
EAST AURORA: Astronics Corporation (Nasdaq: ATRO), a leading provider of advanced technologies for the aerospace and defense industries, announced the acquisition of Envoy Aerospace, a Federal Aviation Administration (FAA) Organization Designation Authorization (ODA) services provider, in a deal valued at approximately $8 million. The acquisition strengthens Astronics’ ability to secure FAA certifications for aircraft connectivity, in-seat…
Pantera Lithium sells Smackover project to EnergyX in A$40 million deal
SYDNEY: Pantera Lithium Ltd. (ASX: PFE) has entered a binding agreement to sell its Smackover lithium brine project in Arkansas to U.S.-based Energy Exploration Technologies Inc. (EnergyX) in a deal valued at A$40 million. The transaction includes A$6 million in cash and A$34 million in EnergyX common stock, giving Pantera shareholders exposure to the recovering…