Anthropic Signs $35 Billion Cloud Deal Backed by Nvidia
Nvidia will supply the chips to the Texas data center and hold the lease, again using its financial might to boost a customer.
----
UPS Rejiggers Operating Model, Names Chief Global Operations Officer
The company shook up its executive roles as part of the new model, naming the head of its U.S. business to lead its global operations, among other appointments.
----
Trump Announces Drug Pricing Deals with Teva, 8 Other Companies
The nine drug companies committed to collectively invest at least $19.6 billion in U.S. manufacturing in the near term.
----
Shein Had 4.4 Billion Reasons to Speed Its IPO Along
The company's initial public offering in Hong Kong this week allowed it to avoid paying out billions to early investors.
----
Donald Trump Jr.'s Fund Boosts Polymarket Investment by Around $300 Million
An upcoming round led by 1789 Capital would value the prediction market at roughly $21 billion.
----
Fresh Off a U.S. Funding Deal, This Quantum Start-Up Is Moving Into Data Centers
Diraq is deploying a quantum computer directly into a commercial data center, marking a real-world example of hybrid computing.
----
State Farm Sued by Los Angeles County Over Handling of Wildfire Claims
The suit alleges the insurer systematically denied claims and delayed payouts for policyholders whose homes were destroyed or damaged.
----
FTC Sues Amazon, Alleging It Deceived Advertisers and Drove Up Prices
The commission, along with more than 20 states, alleged the e-commerce giant reaped billions by manipulating ad prices on its retail platform.
----
GameStop Sees Higher Profit as eBay Investment Offsets Lower Sales
The videogame retailer said it expects second-quarter profit to climb, boosted by investment gains from its stake in eBay, but said sales likely fell from a year earlier.
----
SLB to Buy Data Center Cooling Firm Kelvion for $4.1 Billion
The oil drilling and production company agreed to acquire thermal management company Kelvion for $4.1 billion in a bid to strengthen its growing data center business.
----
OpenAI's Ad Business Hits $1 Billion Milestone. It's Following the Meta Playbook.
Advertisements within ChatGPT are now generating $1 billion in annualized revenue, OpenAI announces Monday.
----
Ernst & Young Is Giving $100 Million in Bonuses to Staff for 'Human' Skills
The firm is one of a number of companies trying to foster the critical thinking, judgment and other traits needed to better work alongside AI.
----
Aon Strikes Roughly $17 Billion Deal for Insurance Brokerage USI
Private-equity giant KKR has owned USI Insurance since 2017.
----
Eli Lilly to Buy Merida Biosciences for Up to $2.875 Billion
Eli Lilly has agreed to pay up to $2.875 billion in cash for biotechnology company Merida Biosciences in a deal that bolsters the drugmaker's immunology portfolio.
----
PG&E Stock Plummets. It May Not Be Shielded From Wildfire Liabilities.
PG&E stock falls sharply after the California State Assembly amends key wildfire legislation that leaves out liability protection for utilities.