AMSTERDAM – Eli Lilly and Co (LLY.N) said on Monday it will invest $3 billion to build a new manufacturing plant in the Netherlands, expanding capacity for its experimental weight-loss pill orforglipron and other oral treatments as it races to meet soaring demand. The Indianapolis-based drugmaker is ramping up production of its key metabolic drugs,…
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Kimberly-Clark to buy Kenvue in $48.7 billion deal, creating consumer goods giant
NEW YORK – Kimberly-Clark Corp said on Monday it has agreed to acquire consumer health company Kenvue in a cash-and-stock deal valued at $48.7 billion, a move that combines brands like Kleenex and Huggies with Band-Aid and Tylenol to create a consumer staples giant. The deal, one of the largest on Wall Street this year,…
OPEC+ reaches deal to increase output by 137,000 bpd in December, No changes in 2026
VIENNA – In a move signaling a careful balancing act between supporting prices and stabilizing markets, eight OPEC+ member countries agreed on Sunday to a small increase in oil output next month before implementing a historic pause on production changes for the entirety of 2025 and the first quarter of 2026. According to a statement from…
Berkshire Hathaway operating profit jumps 34% as cash pile hits record $381.6 billion
OMAHA — Berkshire Hathaway reported a sharp rebound in its third-quarter operating profit, driven by a massive surge in its insurance business, the conglomerate said Saturday. However, with CEO Warren Buffett finding few attractive opportunities in the market, the company’s cash reserves swelled to a record $381.6 billion as it refrained from share repurchases for the…
Carrington Holding Co. to acquire Reliance First Capital, expanding mortgage business
ANAHEIM — Carrington Holding Company, a major player in the U.S. residential real estate market, announced that it has entered into an agreement to acquire Reliance First Capital, LLC, from Tiptree Inc. The acquisition is designed to add a direct-to-consumer retail channel to Carrington’s existing mortgage operations, which the company said will create a more…
Palomar Holdings to buy Gray Casualty & Surety in $300 mln deal to expand franchise
NEW YORK – Specialty insurer Palomar Holdings Inc said on Tuesday it has agreed to acquire The Gray Casualty & Surety Company from private equity firm Bernhard Capital Partners in a cash deal valued at $300 million. The acquisition, approved by both companies’ boards, is expected to close in the first half of 2026, pending regulatory…
First Solar Inc.net sales surge 45.4% to $1.6 billion for third quarter of 2025
TEMPRE – First Solar, Inc. (Nasdaq: FSLR) today announced financial results for the third quarter ended September 30, 2025, and updated its 2025 guidance. Net sales for the third quarter were $1.6 billion, an increase of $0.5 billion from the prior quarter. The increase in net sales was primarily due to an increase in the…
Amazon revenues jump 13% to $180.2bn as AI fuels AWS re-acceleration; profit hit by charges
SEATTLE – Amazon.com Inc (AMZN.O) reported a 13% rise in third-quarter revenue on Thursday, handily beating expectations as its cloud-computing division re-accelerated on the back of soaring demand for artificial intelligence services. The robust sales growth, however, was tempered by a pair of special charges that held operating income flat. The company also issued a fourth-quarter…
Bending Spoons raises $710mn at $11bn valuation to fuel AI and product expansion
MILAN – Bending Spoons, one of Europe’s leading technology companies, announced today that it has raised $710 million in equity, based on a pre-money valuation of $11 billion. This funding round was led by accounts advised by T. Rowe Price Investment Management, Inc., with participation from Baillie Gifford, Cox Enterprises, Durable Capital Partners, Fidelity Management…
OrbitsIQ Global has acquired UNIO Enterprise
LUXEMBOURG – OrbitsIQ Global, a global telecommunications company, recently acquired UNIO Enterprise (UNIO), a Munich-based provider of broadband connectivity solutions that merge space-based and terrestrial networks, including 4G and 5G. The terms of the transaction were not disclosed. Founded in 2022 as a joint venture between Isar Aerospace, Reflex Aerospace, Mynaric, and SES, UNIO has…
X-FAB beats Q3 revenue forecast on strong automotive, medical demand
PARIS – Chipmaker X-FAB on Tuesday reported better-than-expected third-quarter revenue, driven by sustained demand in its key automotive and medical markets, and forecast steady sales for the final quarter of 2025. The analog/mixed-signal foundry group posted quarterly revenue of $228.6 million, an 11% increase from a year earlier and a 6% rise from the previous quarter….
AI cloud firm CoreWeave to acquire open-source notebook maker Marimo
LIVINGSTON – Cloud computing provider CoreWeave Inc said on Thursday it has agreed to acquire Marimo Inc, the creator of an open-source, AI-native notebook for Python, as it builds out its suite of tools for artificial intelligence developers. The acquisition aims to integrate Marimo’s reactive development environment into the CoreWeave Cloud, creating a more unified…