hapabapa Alphabet's ( GOOG ) ( GOOGL ) unit Google Cloud and McKinsey have launched the McKinsey Google Transformation Group to scale enterprise impact in the AI era. The new group combines McKinsey's strategy and industry expertise and technology delivery capabilities with Google Cloud's AI stack — including compute accelerators, multimodal Gemini models, and Gemini Enterprise — to help clients t...
hapabapa Alphabet's ( GOOG ) ( GOOGL ) unit Google Cloud and McKinsey have launched the McKinsey Google Transformation Group to scale enterprise impact in the AI era. The new group combines McKinsey's strategy and industry expertise and technology delivery capabilities with Google Cloud's AI stack — including compute accelerators, multimodal Gemini models, and Gemini Enterprise — to help clients turn AI ambition into sustained business value. The companies said they will deliver this value through joint teams, co-funded value assessments, and outcome-based models, creating an end-to-end experience while reducing upfront investment and aligning to measurable results. The companies added that Google and McKinsey teams will work together to develop AI-powered client solutions built on Google Cloud, using McKinsey's industry insights to create reusable proprietary assets that speed time to value and support scaled adoption. "By bringing together McKinsey's strategic guidance with Google Cloud's AI platform, we're helping organizations reimagine entire value chains and build the agentic enterprises that will define the next era of global industry," said Thomas Kurian, CEO, Google Cloud. Underpinning this effort, McKinsey is investing to scale its Google Cloud expertise and delivery capabilities across infrastructure and AI, the companies added. More on Alphabet Alphabet: Insane Performance, With Future Strength Alphabet: A Powerful Earnings Beat Likely Coming Again (Earnings Preview) Alphabet: AI-Powered Google Finance Is A Masterstroke Google Cloud gets major win as Mars taps Gemini Enterprise for workforce The earnings tightrope: Will Mag 7 bulls pivot to bottom fishing?
HJBC/iStock Editorial via Getty Images Arcelor Mittal ( MT ) is preparing to take over a steel distribution joint venture with an Italian auto supplier for Stellantis as part of a debt restructuring, Bloomberg reported Wednesday. The JV between two of Italy’s largest steel distributors - ArcelorMittal ( MT ) and Stellantis supplier CLN-Coils Lamiere Nastri – was established in 2015. CLN controls 5...
HJBC/iStock Editorial via Getty Images Arcelor Mittal ( MT ) is preparing to take over a steel distribution joint venture with an Italian auto supplier for Stellantis as part of a debt restructuring, Bloomberg reported Wednesday. The JV between two of Italy’s largest steel distributors - ArcelorMittal ( MT ) and Stellantis supplier CLN-Coils Lamiere Nastri – was established in 2015. CLN controls 51% of the firm's shares, while ArcelorMittal ( MT ) owns 49%, but the steel company also is one of the venture's largest creditors, ahead of banks and other suppliers. ArcelorMittal ( MT ) has launched the process to obtain approval for the takeover from antitrust authorities and could inject new capital after the deal to further strengthen the company's balance sheet, according to the report . The JV posted revenues of €526M in 2023, while debt totaled €186M, according to its 2023 annual report, the latest available. More on ArcelorMittal ArcelorMittal: Missed Out On 'A Bit' Of The Upside, But Not Much ArcelorMittal Q4 2025 Earnings Call Transcript ArcelorMittal Q4 2025 Earnings Call Presentation
Rogers Communication (RCI) delivered earnings and revenue surprises of +1.37% and +1.39%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?
Rogers Communication (RCI) delivered earnings and revenue surprises of +1.37% and +1.39%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?
Stifel (SF) delivered earnings and revenue surprises of +4.32% and +4.78%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?
Stifel (SF) delivered earnings and revenue surprises of +4.32% and +4.78%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?
Old National Bancorp (ONB) delivered earnings and revenue surprises of +1.11% and -0.29%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?
Old National Bancorp (ONB) delivered earnings and revenue surprises of +1.11% and -0.29%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?
Philip Morris (PM) delivered earnings and revenue surprises of +7.70% and +3.26%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?
Philip Morris (PM) delivered earnings and revenue surprises of +7.70% and +3.26%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?
Deutsche Telekom, T-Mobile Weigh Potential Mega-Merger A new Bloomberg report states that Deutsche Telekom AG is exploring a mega merger with its U.S. subsidiary, T-Mobile US, in a move that would create a telecom giant valued at roughly $400 billion. If completed, the deal would rank as the largest public M&A transaction ever. Deutsche Telekom shares fell 4% in Germany on Wednesday morning after ...
Deutsche Telekom, T-Mobile Weigh Potential Mega-Merger A new Bloomberg report states that Deutsche Telekom AG is exploring a mega merger with its U.S. subsidiary, T-Mobile US, in a move that would create a telecom giant valued at roughly $400 billion. If completed, the deal would rank as the largest public M&A transaction ever. Deutsche Telekom shares fell 4% in Germany on Wednesday morning after Bloomberg reported overnight that the company is in the early stages of considering a combination with T-Mobile US, in which it already holds a 53% stake. Here's more color from the outlet: The potential deal would create a single, simplified corporate group that controls the operations of Deutsche Telekom and T-Mobile and would be jointly owned by the two companies’ current investors. The combined entity may then seek a listing in the US and a major European exchange, though the details are still being worked out, some of the people said. . . . Discussions are at a preliminary stage and any transaction would require political support to move ahead, the people said. Details of the possible deal could also change. The companies have considered a closer tie-up on-and-off for years, and there’s no certainty they will decide to proceed this time, the people said. Commenting on the report, NewStreet Research analysts told clients earlier that a transatlantic group would provide the companies with "more optionality" to pursue potentially large acquisitions without diluting Deutsche Telekom. "For that alone, we think this is a highly worthwhile deal for DT to consider, as it would give DT more future options in a consolidating marketplace where convergence could take any form over the next 5 to 10 years," NewStreet Research analysts said, adding that they believe a deal would likely be a "nil-premium merger." Citigroup analysts are more skeptical: They do not see immediate benefits for T-Mobile shareholders unless Deutsche Telekom offers a meaningful premium. "The possibility of a...
Robinhood Ventures Fund I ( RVI ) stock surged 7.5% in Wednesday premarket trading after it disclosed that it purchased ~$75M of OpenAI's ( OPENAI ) common stock. The fund went public through an initial public offering in March, providing a channel for retail investors to take stakes in private companies, an investment class once the domain of institutional investors and ultra-wealthy individuals....
Robinhood Ventures Fund I ( RVI ) stock surged 7.5% in Wednesday premarket trading after it disclosed that it purchased ~$75M of OpenAI's ( OPENAI ) common stock. The fund went public through an initial public offering in March, providing a channel for retail investors to take stakes in private companies, an investment class once the domain of institutional investors and ultra-wealthy individuals. " As one of RVI’s largest investments to date, this underscores our core mission to provide everyday investors with access to what we believe are transformative companies shaping the future," said Sarah Pinto, president of Robinhood Ventures Fund I. The investment in OpenAI ( OPENAI ) reflects an apparent reconciliation between Robinhood ( HOOD ) and the AI giant. In July 2025, Robinhood started offering tokenized shares of OpenAI and SpaceX to its customers in Europe. At the time, OpenAI warned investors that it had no part in the product. "We did not partner with Robinhood, were not involved in this, and do not endorse it," the company said on X. More on Robinhood Ventures Fund I, OpenAI, etc. Robinhood: Multiple Expansion Ahead As New Catalysts Hit Robinhood: 'Buy' The Dip While Assets Keep Growing Robinhood: Best In Class Innovation And Profit Engine (Rating Upgrade) OpenAI faces criminal probe over ChatGPT's possible role in Florida mass shooting OpenAI to commit $1.5B to new 'DeployCo' venture with PE firms: report