News
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Bookrunner Says Ayvens SA ABB's Orders Below EUR 8.60 Per Share Risk Missing
May 12 (Reuters) - Bookrunner:BLOCK TRADE: AYVENS SA ABB- ORDERS BELOW EUR 8.60 PER SHARE RISK MISSING, DEAL UPSIZED TO EUR 450M // C. 52.3M SHARES - BOOKRUNNERBLOCK TRADE: AYVENS SA ABB- BOOKS ARE MULTIPLE TIMES OVERSUBSCRIBED; BOOKS CLOSE AT 18.15 UK // 19.15 CET // 13.15 EST- BOOKRUNNERReuters
Mon, May 12
AI firm Perplexity eyes $14 billion in valuation in fresh funding round, WSJ reports
May 12 (Reuters) - Perplexity AI is in advanced talks to raise $500 million in a funding round that would value the startup at $14 billion, the Wall Street Journal reported on Monday, citing people familiar with the matter. Venture capital firm Accel is set to lead the round, the report said. Perple...Reuters
Mon, May 12
'Black Swan' hedge fund Universa reaps 100% return amid tariff chaos, investor says
Universa uses options to profit from severe market dislocations'Black Swan' author Taleb is Universa's scientific adviserUniversa gained 4,000% during March 2020 COVID market crashBy Carolina Mandl NEW YORK, May 12 (Reuters) - "Black Swan" hedge fund Universa Investments poste...Reuters
Mon, May 12
International Red Cross concludes release of Edan Alexander
May 12 (Reuters) - The Red Cross said on Monday it had successfully facilitated the release and transfer of a hostage who had been held in Gaza by Palestinian militant group Hamas to Israeli authorities.Earlier in the day, Hamas said it had freed Israeli-American hostage Edan Alexander as fighting p...Reuters
Mon, May 12
Mexico foreign trade bank issues $500 mln bond in international markets
MEXICO CITY, May 12 (Reuters) - Mexico's National Bank for Foreign Trade (Bancomext) successfully issued a $500 million bond in international markets, marking its return to global markets for the first time since 2021, it said in a statement on Monday. The bond was issued with a five-year maturi...Reuters
Mon, May 12
Turkey's Erdogan says opportunity for Russia-Ukraine peace should be seized
ANKARA, May 12 (Reuters) - Turkish President Tayyip Erdogan said on Monday that there was a new window of opportunity to achieve peace between Ukraine and Russia after recent statements by the two countries, adding he hoped this opportunity would not be squandered.Ukrainian President Volodymyr Zelen...Reuters
Mon, May 12
US agency ask Tesla to answer questions on robotaxi deployment plan
WASHINGTON, May 12 (Reuters) - U.S. auto safety investigators asked Tesla to answer questions on the automaker's plans to launch a paid robotaxi service in Austin, Texas, in June to assess how it will perform in poor weather.The National Highway Traffic Safety Administration in a letter made pub...Reuters
Mon, May 12
Universal Music appoints Matt Ellis as new CFO
May 12 (Reuters) - Universal Music Group UMG.AS, the world's biggest music label, said on Monday it has appointed Matt Ellis as its new chief financial officer.Ellis, a former finance chief at Verizon Communications VZ.N, will succeed Boyd Muir, who was made chief operating officer of UMG in Oct...Reuters
Mon, May 12
Santos, R. Kelly prosecutor rejoins law firm Cleary from Brooklyn US attorney's office
By David Thomas May 12 (Reuters) - Breon Peace, who as Brooklyn's U.S. attorney prosecuted R&B singer R. Kelly and former Republican U.S. Representative George Santos, has rejoined Cleary Gottlieb Steen & Hamilton as a partner, the law firm said Monday.Peace, who served as U.S. attorn...Reuters
Mon, May 12
TIMELINE-How Trump's chaotic trade war has evolved
May 12 (Reuters) - U.S. President Donald Trump's tariff decisions since he took office on January 20, from imposing sweeping duties to abruptly pausing some of them, have shocked financial markets and sent a wave of uncertainty through the global economy.Here is a timeline of the major developme...Reuters
Mon, May 12
Exclusive: Wilmington targets $50 million Stonybrook-led fundraise to support carrier and MGA platform growth
By David BullMay 12 - (The Insurer) - Wilmington Holdings has engaged Stonybrook Capital & Risk Management to run a $50 million fundraise as it seeks to continue its growth trajectory by targeting organic and inorganic opportunities.This could include bolt-on acquisitions and technology investme...Reuters
Mon, May 12
Zelenskiy on Trump's possible participation in Turkey talks: 'good idea'
May 12 (Reuters) - Ukrainian President Volodymyr Zelenskiy welcomed the possibility of U.S. President Donald Trump's participation in talks with Russia in Turkey on Thursday and expressed hope Russian leader Vladimir Putin will not "evade the meeting". "All of us in Ukraine would app...Reuters
Mon, May 12
Blackstone in talks to buy utility TXNM, source says
May 12 (Reuters) - The infrastructure investing arm of asset manager Blackstone BX.N is in talks to buy New Mexico and Texas-focused utility TXNM Energy, a person familiar with the matter said on Monday. Conversations between Blackstone Infrastructure Partners and TXNM about structuring an agreem...Reuters
Mon, May 12
Nobel Prize winners convince court to revive CRISPR patent dispute
By Blake Brittain May 12 (Reuters) - The University of California and the University of Vienna on Monday convinced a U.S. appeals court to revive their bid for patent rights to groundbreaking CRISPR gene-editing technology created by their Nobel Prize-winning scientists Jennifer Doudna and Emmanu...Reuters
Mon, May 12
Novo Nordisk to engage with US over drug prices, Ritzau news agency reports
OSLO, May 12 (Reuters) - Weight-loss and diabetes drug maker Novo Nordisk NOVOb.CO will engage with the U.S. government over U.S. policy proposals to bring down prices, the Danish company said in a statement to news agency Ritzau on Monday."We agree that Americans need access to medicines at bet...Reuters
Mon, May 12
