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Merck Pays $10 Billion for Verona in Effort to Diversify Beyond Keytruda

Merck & Co. unveiled a $10 billion takeover of U.K.-based Verona Pharma as a strategic move to diversify its respiratory medicine pipeline and counterbalance its heavy dependence on the blockbuster cancer medicine Keytruda. The deal points to the U.S. pharma giant's relentless effort to restructure

Starbucks China Receives Bids Valuing Coffee Chain at as much as $10 Billion, Sources

Starbucks China has received robust interest from international investors, with bids valuing the coffee giant's mainland business at as much as $10 billion, said three sources familiar with the deal process who spoke with CNBC. The interest represents a milestone for the Seattle company's footprint in

Apple Unveils "F1" Artificial Intelligence Platform, Signaling Major Strategic Shift

Apple launches F1, a groundbreaking AI platform for on-device intelligence and privacy.

Ford Sales Surge 14% in Q2 2025, Exceeding Forecasts Amid Robust EV Demand

Ford sales jumped 14% in Q2 2025, surpassing forecasts as electric vehicle and truck demand surged.

Tesla Shares Tumble as Elon Musk’s Political Leanings Spark Investor Concerns

Tesla shares fall nearly 3% as CEO Elon Musk hints at forming “The America Party,” raising investor worries about business focus and leadership stability.

Tripadvisor Faces Activist Pressure as Starboard Value Takes Stake, Urges Strategic Changes

Activist investor Starboard Value acquires a stake in Tripadvisor and urges a strategic review, pushing for major changes at the travel site as competition intensifies.

Elon Musk’s xAI Raises $10 Billion in Landmark Debt and Equity Funding Round

Elon Musk’s xAI raises $10 billion in debt and equity, challenging OpenAI as a major AI player.

Alstom Clinches €2 Billion Contract with New York MTA to Modernize Subway Fleet

Alstom wins €2 billion deal to supply 1,600+ modern subway cars to New York MTA, boosting US rail jobs and updating NYC’s aging transit system.

Amazon to Shut Down Freevee Streaming Service Amid Broader Content Shift

Amazon will shut down its Freevee streaming service, consolidating its ad-supported content into Prime Video and signaling major changes in the streaming landscape.

Nippon Steel Secures $5.6 Billion in Subordinated Loans to Fund U.S. Steel Acquisition

Nippon Steel secures $5.6 billion in subordinated loans from Japanese megabanks to fund its $15 billion acquisition of U.S. Steel, advancing the deal amid regulatory review.

Tesla’s China EV Sales Surge 37% in June: Strong Rebound Amid Competition

Tesla’s China EV sales jumped 37% in June 2025 to 61,000 vehicles, signaling a strong rebound amid fierce market competition.

China Industrial Profits Plunge 9.1% in May as Manufacturing Sector Faces Headwinds

China’s industrial profits fell 9.1% in May 2025, highlighting ongoing challenges for the manufacturing sector amid weak demand and factory deflation.

Blackstone Acquires $2 Billion in Commercial Real Estate Loans from Atlantic Union Bank

Blackstone acquires $2 billion in commercial real estate loans from Atlantic Union Bankshares, reflecting trends in CRE lending and regional bank risk management.

Mediobanca Pledges €4.9 Billion Shareholder Reward Amid Rising Takeover Speculation

Mediobanca pledges €4.9 billion in shareholder rewards through 2027, amid speculation over a potential Monte dei Paschi takeover.