Business

Aon Nears $17 Billion Deal for KKR-Backed Broker USI Insurance

Aon is nearing a roughly $17 billion agreement to acquire KKR-backed USI Insurance Services, one of the largest brokerage deals in years.

Sony Music, Warner Sue Anthropic Over Alleged Copyright Theft

Sony Music and Warner have sued Anthropic, alleging "blatant theft" of copyrighted lyrics used to train its Claude AI models as the firm eyes an IPO.

CIA Chief Ratcliffe Made Secret Moscow Trip to Warn Russia Off NATO

CIA director John Ratcliffe reportedly traveled to Moscow to warn Russia against attacking NATO states, US media said Thursday. The Kremlin dismissed the r

Qantas Shares Jump 4% on New Business Seats as Profit Hits Four-Year Low

Qantas shares rose 4% after unveiling new business-class seats, even as full-year profit fell to a four-year low on higher fuel costs.

Iran’s IRGC Strikes US Bases in Jordan After Larak Island Bombing

Iran's IRGC attacked US bases in Jordan on Monday after US forces struck two rocket launchers on Larak Island, sending oil prices up over 1%.

Bank of America Signals Potential Fed Rate Hike Amidst Geopolitical Tensions and Inflation Fears

Bank of America economists outline conditions for a potential Fed rate hike, including a stable labor market and rising inflation, and discuss the potential impact on Bitcoin and other markets.

ADNOC and OMV Forge Ahead with Mega Chemicals Merger, Advancing Borouge Group Formation

ADNOC and OMV are making significant strides towards completing their chemicals mega-merger, advancing the formation of the Borouge Group International AG, with an expected close by March 2026.

Nexstar Media Group Secures Over $5 Billion in Debt Financing for TEGNA Acquisition

Nexstar Media Group announces a $5.12 billion debt offering, including senior secured and senior notes, to finance its acquisition of TEGNA Inc. Details on the financing package and Nexstar's market position.

Nexstar Seals $6.2 Billion Tegna Acquisition Amidst Legal Battles and Regulatory Green Light

Nexstar Media Group finalizes its $6.2 billion acquisition of Tegna, creating the largest U.S. local TV station owner despite ongoing legal challenges and regulatory approvals.

Fed Holds Rates Steady Amidst Iran Conflict and Oil Price Volatility

The Federal Reserve holds interest rates steady amid the Iran war and rising oil prices, citing economic uncertainty and inflation concerns.

Prestige Consumer Healthcare Secures Breathe Right Brand Portfolio in $1.045 Billion Deal

Prestige Consumer Healthcare Inc. announces agreement to acquire the Breathe Right brand portfolio for $1.045 billion, enhancing its consumer health offerings and expected to drive significant financial growth.

Tesla and LG Energy Solution Forge $4.3 Billion Battery Partnership in Michigan

Tesla and LG Energy Solution announce a $4.3 billion battery plant in Michigan, focusing on energy storage systems and strengthening the domestic supply chain.

Akur8 Expands into Life and Annuity Market with Strategic Acquisition of Slope Software

Akur8 acquires Slope Software to expand its actuarial AI platform into the Life and Annuity insurance market, creating a unified solution for multi-line carriers.

Independent Bank Acquires HCB Financial in $70.2M Deal, Expanding Michigan Footprint

Independent Bank Corporation to acquire HCB Financial Corp. in a $70.2 million cash and stock deal, expanding its Michigan footprint and enhancing its market position with combined assets of $6.1 billion.

Datavault AI Acquires NYIAX in All-Stock Deal to Bolster Data and Ad Trading

Datavault AI Inc. announces acquisition of NYIAX Inc. in an all-stock merger to expand its data and ad inventory trading capabilities, integrating blockchain technology and specialized marketplaces.

China’s Commerce Minister to Address Global Trade Challenges at WTO Conference in Yaounde

China's Minister of Commerce Wang Wentao will attend the WTO Ministerial Conference in Yaounde, Cameroon, to discuss global trade challenges, WTO reform, and Africa's industrialization.

Embecta Acquires Owen Mumford for $199.4M to Bolster Drug Delivery and Expand Medical Offerings

Embecta announces definitive agreement to acquire Owen Mumford for up to $199.4M, expanding its drug delivery capabilities and strategic transformation into a broad-based medical supplies company.

China Launches $13.4 Billion Push for Foreign Investment in Key Industries

China's NDRC has unveiled a $13.4 billion plan to fuel foreign investment in manufacturing, logistics, and R&D, broadening global participation and targeting industrial innovation.

Global Uncertainties Prompt HKMA and Fed to Hold Rates Steady

The Hong Kong Monetary Authority (HKMA) has mirrored the US Federal Reserve's decision to maintain its base interest rate, citing significant global uncertainties, particularly...

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