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Eli Lilly plans at least $27 billion in new U.S. manufacturing investments
It comes as companies work to build goodwill with Trump, who has emphasized reshoring manufacturing to the U.S. and reducing reliance on foreign supply chains.CNBC - Feb. 26 -
North Korea’s $1.5 billion crypto hack exposes bitcoin’s weakness
Crypto’s vulnerability to theft will keep bitcoin from widespread useMarketWatch - Feb. 26 -
North Korea was responsible for $1.5 billion ByBit hack, FBI says
The FBI said on Wednesday that North Korea was responsible for the theft of approximately $1.5 billion in virtual assets from cryptocurrency exchange ByBit.NBC News - Feb. 27 -
FBI accuses North Korean-backed hackers of stealing $1.5 billion in crypto
The FBI has accused North Korean-linked hackers of conducting one of the largest known thefts of cryptocurrency — worth some $1.5 billion from a Dubai-based firmABC News - Feb. 27 -
Stripe's valuation climbs to $91.5 billion in secondary stock offer
Stripe announced a tender offer on Thursday that values the company at close to its peak valuation from 2021.CNBC - 6d -
Dell forecasts $15 billion of AI server sales this year
Dell said that it sold about $10 billion of AI-optimized servers in its fiscal 2025, and expects to sell about $15 billion in AI system sales this year.CNBC - 6d -
Microsoft pulling the plug on Skype after buying it for $8.5 billion
Microsoft will soon switch off Skype, a pioneering telecom and video call platform that emerged from the rubble of the dotcom era.CBS News - 5d -
Dead Athletes. Empty Stands. Billions to Keep Horse Racing Alive.
Let the sport of kings stand on its own.The New York Times - 3d -
Rubio Bypasses Congress to Send Israel $4 Billion in Arms
Secretary of State Marco Rubio’s emergency declaration calls for sending 2,000-pound bombs and other weapons to Israel as the war in Gaza continues.The New York Times - 2d -
Struggling With Errors, DOGE Deletes Billions More From List of Savings
For the second time in a week, Elon Musk’s government overhaul effort updated its “wall of receipts” to remove mistakes that inflated its success.The New York Times - 2d -
A.I. Start-Up Anthropic Closes Deal That Values It at $61.5 Billion
The announcement follows new fund-raising efforts from rivals like OpenAI, which is set to close a deal that values the company at $300 billion, and Elon Musk’s xAI.The New York Times - 2d -
Anthropic Raises $3.5 Billion, Boosted by Its Latest Claude AI Model
Anthropic’s fundraising success shows how a well-timed product launch can dazzle investors.Inc. - 2d -
Walgreens’ breakup looms as $10 billion sale to go private is reportedly in the works
Drugstore chain Walgreens Boots Alliance Inc. is closing in on a roughly $10 billion deal to sell itself to Sycamore Partners, a private-equity firm, which would then take Walgreens private and ...MarketWatch - 2d -
EU president aims for €800 billion of defense funding. How it would work.
European Union President Ursula von der Leyen on Tuesday proposed a funding program that she says could mobilize close to €800 billion ($844 billion) of defense spending.MarketWatch - 1d -
EU unveils $840 billion "ReArm Europe" plan to boost defense spending
European Union leader Ursula von der Leyen says the bloc is "in an era of rearmament," as Trump casts rising doubt on old alliances.CBS News - 1d -
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CoreWeave and Anthropic make opposite money-raising moves as AI attracts billions
Nvidia-backed Coreweave files to go public, while Amazon-backed Athropic announces a private-market valuation of $61.5 billion.MarketWatch - 1d -
Honeywell beefs up energy security offerings with $2 billion Sundyne deal
Conglomerate adds pump-maker business to its Energy and Sustainability Solutions (ESS) unit.MarketWatch - 1d -
Norway’s oil fund to allocate billions to long-short equity hedge funds
Norges Bank Investment Management to give $250mn mandates to external managersFinancial Times - 1d -
GameStop CEO Ryan Cohen hikes his personal stake in Alibaba to $1 billion, WSJ says
Cohen's sizable stake in Alibaba is a bullish bet on China's economic growth in the long run, The Wall Street Journal said.CNBC - Feb. 20 -
Netflix Plans to Spend $1 Billion Making Content in Mexico Over the Next 4 Years
Netflix CEO Ted Sarandos says the money will go toward projects like Alfonso Cuarón’s film Roma, which was made in Mexico and went on to international acclaim.Wired - Feb. 20 -
IMAX CEO expects $1.2 billion in box office receipts this year, the best in the company's history
Aiding IMAX's lofty box office goals is the Chinese title "Ne Zha 2," which has already garnered $1.6 billion globally, including IMAX screenings.CNBC - Feb. 21 -
IMAX CEO expects $1.2 billion in box office receipts this year, the best in the company's history
An “embarrassment of riches” at the box office could fuel a $1.2 billion year for IMAX, CEO Rich Gelfond told CNBC on Friday.NBC News - Feb. 21 -
Crypto exchange Bybit suffers $1.4 billion hack. Here’s why it’s troubling for the industry.
The hack of Bybit is the latest incident in which the crypto industry has been targeted.MarketWatch - Feb. 21 -
Hackers steal $1.5 billion from exchange Bybit in biggest-ever crypto heist
Bybit, a major cryptocurrency exchange, has been hacked to the tune of $1.5 billion in digital assets, in what’s estimated to be the largest crypto heist in history.NBC News - Feb. 21 -
Hackers steal $1.5 billion from exchange Bybit in biggest-ever crypto heist
Bybit, a major cryptocurrency exchange, has been hit by the largest crypto heist in history.CNBC - Feb. 22 -
Newsom requests nearly $40 billion in disaster aid following Los Angeles wildfires
California Gov. Gavin Newsom (D) sent a letter to members of Congress requesting nearly $40 billion in funding to rebuild communities after wildfires devastated the Pacific Palisades and Altadena ...The Hill - Feb. 23 -
California Gov. Gavin Newsom asks Congress for nearly $40 billion for Los Angeles wildfire relief
SACRAMENTO, Calif. — California Gov. Gavin Newsom has asked Congress to approve nearly $40 billion in aid to help the Los Angeles area recover from January’s devastating wildfires, which he said ...NBC News - Feb. 23 -
Berkshire operating earnings surge 71% in fourth quarter, cash hoard balloons to record $334 billion
Berkshire Hathaway reported fourth-quarter results on Saturday. The company's Class A shares popped more than 25% in 2024.CNBC - Feb. 24 -
Forget Stargate. Apple now has its own $500 billion investment plan.
Apple is matching the amount of the Stargate AI joint venture — and building goodwill with the new administration in a familiar approach.MarketWatch - Feb. 24 -
Just Eat shares soar 54% after Prosus offers to buy food delivery firm for $4.3 billion
Just Eat Takeaway.com is poised to be acquired by Dutch technology investor Prosus in a deal worth roughly 4.1 billion euros ($4.3 billion).CNBC - Feb. 24 -
Apple to open AI server factory in Texas as part of $500 billion U.S. investment
Apple said it will work with partners to open a 250,000-square-foot AI server manufacturing facility in Houston.CNBC - Feb. 24 -
Apple announces $500 billion investment in US amid tariff threats that could affect the iPhone
Apple announced Monday that it plans to invest more than $500 billion in the United States over the next four years, including plans to hire 20,000 people and build a new server factory in TexasABC News - Feb. 24 -
Microsoft reiterates plan to invest $80 billion in AI, but may 'adjust our infrastructure in some areas'
Microsoft hasn't backed off its plan for the current fiscal year but acknowledged that it may makes some infrastructure adjustments.CNBC - Feb. 24 -
Crypto exchange Bybit says it fully replenished reserves after record $1.5 billion hack
Bybit said it recovered nearly 447,000 ether tokens, replenishing its reserves through a mix of emergency loans and whale deposits.CNBC - Feb. 24 -
GM raises dividend and unveils $6 billion buyback program to cheer weary shareholders
Uncertainty about tariffs and labor-cost headwinds have weighed on stock this yearMarketWatch - Feb. 26 -
Musk’s cost-cutting drive quietly deletes billions in claimed savings from website
‘Wall of receipts’ drops five largest savings claimed by ‘department of government efficiency’ after debunking. US politics live – latest updates When Elon Musk ’s cost-cutting drive, the ...The Guardian - Feb. 26 -
Munich Re announces buybacks even after saying it expects $1.2 billion in claims from California fires
Shares of Munich Re climbed on Wednesday after the German reinsurer stuck to its outlook, despite announcing hefty expected claims from California wildfires.MarketWatch - Feb. 26
