MarketsDec 23
Alphabet Pays $4.75B to Solve AI's Power Problem
Google's parent company acquires data center and energy infrastructure firm Intersect to secure electricity for its AI ambitions as U.S. grids struggle to keep pace.
By Michael Brennan
Markets
8 articles
MarketsDec 23
D-Wave Surges 20% as Quantum Computing Heads to CES
The quantum computing pioneer announces plans to showcase commercial applications at CES 2026, sending shares to 52-week highs as investors bet on real-world adoption.
MarketsDec 23
FDA Approves Wegovy in a Pill, Opening New Front in Obesity Drug Race
Novo Nordisk wins approval for the first oral GLP-1 weight loss medication, launching in January at $149 per month as Eli Lilly races to catch up.
MarketsDec 23
Nvidia Eyes Mid-February for First H200 Shipments to China
A major policy shift under Trump opens the door for Nvidia to sell its second-most powerful AI chips to Chinese clients, pending Beijing's approval.
MarketsDec 22
Cintas Takes Third Shot at UniFirst with $5.2B Bid
Cintas renews its hostile takeover attempt for rival UniFirst at $275 per share, offering a 64% premium after years of failed negotiations.
MarketsDec 22
JPMorgan Weighs Crypto Trading for Institutional Clients
The largest U.S. bank is exploring spot and derivatives crypto trading for institutions, marking a significant shift in Wall Street's approach to digital assets.
MarketsDec 22
Ellison Puts $40B on the Line in Paramount's WBD Bid
Larry Ellison personally guarantees $40.4 billion to back Paramount's $108B hostile offer for Warner Bros. Discovery, escalating the fight against Netflix.
MarketsDec 22
TikTok U.S. Deal Set to Close January 22
The years-long TikTok saga ends with Oracle, Silver Lake, and MGX taking 45% of a new $14 billion joint venture, with ByteDance retaining 19.9%.