London: tem, a pioneering renewable energy startup, announced today that it has successfully raised £2.5 million in seed funding in a round led by AlbionVC, a prominent venture capital firm. The funding will be utilized to expand the tem team, further develop their innovative AI-driven platform, and open it up to a wider customer base….
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HSBC launches innovation banking division, expanding into technology and life sciences
HSBC, the FTSE 100 lender, has announced the establishment of a new global division called Innovation Banking, signaling its entry into the technology and life sciences sectors. The initiative includes the integration of the former UK arm of Silicon Valley Bank (SVB), which HSBC rescued earlier this year. The launch of Innovation Banking took place…
Nasdaq to buy financial software firm Adenza for $10.5 billion
Nasdaq (NDAQ.O) has agreed to buy financial software firm Adenza from private-equity firm Thoma Bravo for $10.5 billion in a cash and stock deal, it said on Monday. The deal is expected to help growth at the stock exchange operator, which is trying to diversify and reposition itself as a financial technology company under Chief…
Novartis to acquire Chinook Therapeutics for $3.5 billion
Novartis, the Swiss pharmaceutical giant, has announced its agreement to acquire Chinook Therapeutics, a biotech firm based in Seattle, in a deal valued at up to $3.5 billion. The acquisition aims to bolster Novartis’ late-stage drug development pipeline by adding a promising new treatment for a rare and severe kidney disease. The transaction will take…
Microsoft Unveils New Xbox Series S Console Option with 1 TB Storage
During the Xbox Games Showcase held in June 2023, Microsoft made an exciting announcement for gamers eagerly awaiting new console options. The tech giant revealed the introduction of a new variant of the Xbox Series S console, aimed at buyers looking to enter the Xbox ecosystem or those seeking an additional “S” model to accompany…
Illumina CEO Francis deSouza Resigns Following Activist Investor’s Failed Ouster Attempt
Illumina, a leading biotech company, announced on Sunday that CEO Francis deSouza has resigned from his position. This development comes just weeks after activist investor Carl Icahn’s attempt to oust deSouza from the company was unsuccessful. The board of directors at Illumina has accepted deSouza’s resignation and has initiated a search for a new CEO….
Labor Dispute Escalates as Port of Seattle Shuts Down Amidst Ongoing West Coast Strife
The labor strife plaguing the West Coast has reached a critical point, as the Port of Seattle announced a complete shutdown due to the International Longshore and Warehouse Union (ILWU) refusing to dispatch labor to work at the container terminals. The Pacific Maritime Association (PMA), representing the port terminals, made this announcement, further exacerbating the…
Cargo worth billions stuck as West Coast ports and terminals grind to a halt
West Coast ports are facing severe disruptions as union workers orchestrate a work slowdown in response to failed negotiations with port management. The International Longshore and Warehouse Union (ILWU) workforce’s deliberate reduction in productivity has brought ground port operations to a crawl, leading to a significant backlog of containers waiting outside port limits. Supply chain…
Binance.US Faces Setback as USD Fiat Channels Suspended, Impacting Crypto Trading
Binance.US, the American arm of cryptocurrency exchange Binance, is set to face operational challenges as it announced that customers will no longer be able to utilize U.S. dollars to purchase cryptocurrencies on the platform starting from June 13. The decision comes after Binance’s payment and banking partners expressed their intention to pause USD fiat channels,…
Tesco Media and Insight Platform partners with Pinterest to offer personalised ads to CPG brands
Tesco Media and Insight Platform, powered by dunnhumby, has announced a new offsite media partnership with Pinterest, the world’s largest visual discovery engine. This partnership will allow the UK’s leading CPG brands to connect with Tesco customers who are looking for inspiration on Pinterest, using Tesco Clubcard data and dunnhumby’s analytical expertise to deliver highly…
EvenUp Secures $50.5 Million in Series B Funding to Revolutionize Personal Injury Law with AI-driven Support
EvenUp, a leading AI-driven company specializing in providing support for personal injury lawyers, announced today that it has successfully raised $50.5 million in Series B funding. The funding round was led by Bessemer Venture Partners, a prominent venture capital firm, with participation from other notable investors including Bain Capital Ventures, Scott Belsky, Clio, SignalFire, DCM,…
HyperPlay raises $12M to grow its Web3 gaming platform
HyperPlay, a Delaware-based company that offers a Web3-native game launcher and aggregator of multiple game stores, has raised $12M in Series A funding co-led by Griffin Gaming Partners and BITKRAFT Ventures. The company plans to use the new capital to scale its platform, enhance its flagship game launcher, and increase its international presence. HyperPlay was…