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.
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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.