Electra Therapeutics Targets Up to $978 Million Valuation in U.S. IPO
Drug developer Electra Therapeutics is targeting a valuation of up to $977.6 million in its U.S. initial public offering, according to a filing on Monday, adding to a broader recovery in biotech listings this...
Bamboo Insurance Targets Up to $3.24 Billion Valuation in U.S. IPO
CVC-backed Bamboo Insurance Services is targeting a valuation of up to $3.24 billion in its U.S. initial public offering, according to a filing on Monday. The Midvale, Utah-based residential property insurer plans to offer...
Kaiko Raises $110 Million in Funding Round Led by S&P Global
New York-based cryptocurrency data provider Kaiko has raised $110 million in a funding round led by S&P Global, highlighting growing interest among traditional financial institutions in digital asset market data. The round also attracted...
Kioxia Considers $10 Billion U.S. ADR Listing
Japanese chipmaker Kioxia Holdings is considering raising at least $10 billion through a listing of American depositary receipts (ADRs) in the United States, Bloomberg News reported on Monday, citing people familiar with the matter....
AI Warnings Trigger Nasdaq Selloff as Tech Stocks Slide
U.S. stock futures fell sharply on Monday, led by the Nasdaq 100, as major technology and semiconductor stocks came under pressure following calls from leading AI executives to slow the development of increasingly powerful...
Brazil Supreme Court Unseals Banco Master Fraud Probe
Brazil’s Chief Justice Edson Fachin on Thursday ordered the unsealing of thousands of pages from an investigation into an alleged multibillion-dollar fraud involving failed lender Banco Master. The probe has reportedly implicated central bank...
Lawyer Fined After ChatGPT-Generated Fake Testimony Appears in Murder Appeal
The New Mexico Supreme Court has fined and held in contempt defense lawyer Stephen Aarons after finding that a court filing in a murder appeal contained fabricated police testimony and entirely fictional witnesses generated...
US Lawmakers Push for New AI Rules Amid Extinction Warnings
Growing concerns over the potential dangers of artificial intelligence are prompting more U.S. lawmakers to call for tighter regulations. The alarm intensified after Anthropic researchers Jacob Coxon and Evan Hubinger warned that rapidly advancing...
Bayer’s Monsanto Seeks Court Approval for $7.25 Billion Roundup Settlement
Bayer’s Monsanto unit is set to appear before a Missouri state court on Monday seeking final approval of a proposed $7.25 billion settlement aimed at resolving tens of thousands of U.S. lawsuits alleging that...
U.S. Inflation Accelerates in August, Raising Fed Rate-Hike Expectations
U.S. consumer prices accelerated in August, with the Consumer Price Index (CPI) rising 0.4% after a 0.1% increase in July, according to the Labor Department’s Bureau of Labor Statistics. Annual inflation held at 3.4%,...