EU embarks on a €200 billion InvestAI initiative to boost ai development

The European Union on Tuesday announced a sweeping €200 billion ($206 billion) initiative, dubbed InvestAI, aimed at accelerating investment in artificial intelligence (AI) and positioning Europe as a global leader…

NNR February 12, 2025

Wire

IMF and Arab countries strengthen partnership amid global shifts

In an era of significant economic, technological, and geopolitical shifts, the partnership between the International Monetary Fund (IMF) and Arab countries remains essential. This collaboration is more critical than ever,…

NNR February 11, 2025

Wire

Zeta secures $50 million investment, valued at $2 billion

Zeta, a global next-generation banking technology provider, announced today that it has secured a $50 million investment from a strategic investor, valuing the company at $2 billion. Previously, Zeta was…

NNR February 11, 2025

Wire

Novonesis to acquire Feed Enzyme Alliance from dsm-firmenich for EUR 1.5 billion

Novonesis has reached an agreement with dsm-firmenich to dissolve the Feed Enzyme Alliance and take over its sales and distribution activities, in a deal worth EUR 1.5 billion. This move…

NNR February 11, 2025

Wire

Novartis signs agreement to acquire Anthos Therapeutics for $925 million upfront

LONDON: Novartis has entered into an agreement to acquire Anthos Therapeutics, Inc., a Boston-based, clinical-stage biopharmaceutical company. Under the agreement, Novartis will pay USD 925 million upfront, with potential additional…

NNR February 11, 2025

Wire

Fifteenth raises $8.25 million in seed funding to revolutionize tax preparation for tech professionals

SAN FRANCISCO: Fifteenth, a tax solution designed to meet the unique needs of founders, investors, executives, and tech professionals with complex financial situations, announced Tuesday it has raised $8.25 million…

NNR February 10, 2025

Wire

Cotiviti to acquire Edifecs, enhancing healthcare data interoperability

SALT LAKE CITY: Cotiviti, a leader in data-driven healthcare solutions, announced today that it has entered into an agreement to acquire Edifecs, a pioneer in healthcare data interoperability. The combined…

NNR February 10, 2025

Wire

Bain Capital to acquire Mitsubishi Tanabe Pharma in $3.3 billion deal

Bain Capital announced today it has signed a definitive agreement to acquire Mitsubishi Tanabe Pharma Corporation (MTPC) in a carve-out transaction from Mitsubishi Chemical Group Corporation. The acquisition values MTPC at…

NNR February 7, 2025

Wire

Larry Williams forecasts bullish 2025 for U.S. stocks, warns of potential volatility

Veteran trader and market analyst Larry Williams has released his highly anticipated annual forecast for 2025, predicting a bullish year for the U.S. stock market but cautioning investors to brace for potential…

NNR February 6, 2025

Wire

Corient acquires Rootstock Advisors to expand UHNW client services

MIAMI: Corient, one of the nation’s largest and fastest-growing national wealth advisors, announced on Thursday that it has acquired Rootstock Advisors, a Pennsylvania-based registered investment advisory firm with approximately $600…

NNR February 6, 2025

Wire

Bending Spoons completes acquisition of Brightcove Inc for $233 million

BOSTON: Bending Spoons, an Italy-based technology company, has finalized its acquisition of U.S.-based streaming technology firm Brightcove Inc. (NASDAQ: BCOV) in an all-cash transaction valued at approximately $233 million, or $4.45 per…

NNR February 4, 2025

Wire

DeepSeek’s affordable AI models revolutionize industry in $6 million feat

DeepSeek, a Chinese AI company, has recently developed new AI models that have significantly impacted global companies' profits. The company managed to build these models for just $6 million, a fraction of…

NNR February 4, 2025