Nebius Group (NBIS), a fast-growing AI infrastructure firm, announced on Monday that it had raised $700 million in a private placement from investors, including Nvidia (NVDA), Accel, and Orbis Investments. The funding positions Nebius as a significant player in the race to build the technological backbone for artificial intelligence applications. The announcement comes as Nebius […]
Proposed Tariffs May Add $2,100 to U.S.-Made Cars and Cut Billions from Detroit’s Big Three Former President Donald Trump’s proposed tariffs on imported auto parts could significantly impact U.S. automakers, raising car prices for consumers and reducing profits for industry giants like Ford (F), Stellantis (STLA), and General Motors (GM). Analysts project that these tariffs, […]
In a strategic acquisition set to advance its cell therapy capabilities, Roche Holdings, Inc. announced its acquisition of Poseida Therapeutics (PSTX) for up to $13 per share, amounting to an equity value of approximately $1.5 billion. The transaction includes $9.00 per share in cash at closing, alongside a contingent value right (CVR) of up to […]
