US Midterm Elections Put AI Stocks and Market Stability in Focus
Investors are closely monitoring the US midterm elections as a potential shift in congressional control could influence financial markets, particularly the artificial intelligence (AI) sector. The elections come at a fragile time for markets,...
Lonza to Acquire Five US Manufacturing Sites from Merck in Major Expansion
Swiss contract drug manufacturer Lonza announced on Tuesday that it would acquire five US manufacturing sites from Germany’s Merck KGaA, significantly expanding its presence in the country and strengthening its capabilities in producing advanced...
Taco Bell Sales Fall Sharply as Food Safety Outbreak Hits Customer Traffic
Yum Brands reported a sharper-than-expected decline in quarterly same-store sales at its Taco Bell business, as a multistate cyclosporiasis outbreak in the United States during the quarter weakened customer confidence and discouraged dining out....
Estee Lauder Raises Forecasts as Prestige Beauty Demand Fuels Turnaround
Estee Lauder is stepping up brand investments and reducing its reliance on discounts and promotional offers as its turnaround strategy gains momentum. Chief Executive Stephane de La Faverie announced the move on Monday after...
China’s US Farm Imports Hit Seven-Year Low Despite $17 Billion Trade Pledge
China’s purchases of US agricultural products, excluding soybeans, are on track to reach a seven-year low in 2026, raising doubts about its commitment to an annual $17 billion import deal with Washington. Although the...
Apollo Launches €10 Billion European Credit Platform to Support Regional Investments
Global asset management firm Apollo has launched a €10 billion European credit platform, aiming to capitalise on rising demand for private financing as Europe increases investments in defence, energy and infrastructure. Named the European...
SpaceX in Talks to Acquire Boost Mobile or Access Its Network
SpaceX is reportedly in discussions with EchoStar to acquire its wireless service, Boost Mobile, or secure access to its existing network, according to a Washington Post report. The talks, which have taken place over...
Marvell Technology to Acquire Lumentum in $115 Billion Deal to Expand AI Chip Business
Marvell Technology has announced a $115 billion all-stock acquisition of optical components maker Lumentum, including debt, in one of the biggest technology deals of 2026. The acquisition marks a major strategic move by the...
AI Search Impact and Weak Outlook Drag Down Reddit and Pinterest
Reddit shares plummeted 23% in premarket trading on Friday following a warning from the company that Google’s expanding use of AI in search is reducing referral traffic and threatening its user growth. The social...
Fluor Corp Joins US-Led Bids to Develop Kenya’s Multibillion-Dollar Critical Minerals Deposit
American engineering firm Fluor Corp is among a group of predominantly U.S. investors vying to develop Kenya’s vast Mrima Hill critical minerals site. Kenyan Mining Minister Hassan Ali Joho disclosed that five international consortia...