Amazon.com Inc . is seeking to raise at least C$7 billion ($5 billion) from investment-grade bonds in Canadian dollars as US hyperscalers look beyond their home market to fund artificial intelligence spending. The debut offering could reach as much as C$10 billion, though no final decision has been made on the size of the deal, people familiar with the matter said, asking not to be identified as d...
Amazon.com Inc . is seeking to raise at least C$7 billion ($5 billion) from investment-grade bonds in Canadian dollars as US hyperscalers look beyond their home market to fund artificial intelligence spending. The debut offering could reach as much as C$10 billion, though no final decision has been made on the size of the deal, people familiar with the matter said, asking not to be identified as discussions are private. The cloud-computing giants at the center of the AI boom are scouring global debt markets for funding as they plan to invest hundreds of billions of dollars on data centers, chips and other infrastructure. Amazon, which is expected to spend almost $200 billion this year, has already raised more than $70 billion of debt since last year, including from a euro-denominated bond sale in March. Amazon is offering senior unsecured notes in five parts, with maturities ranging from three to 30 years, the people said. Initial price talk on the longest tenor is about 1.15 percentage points above the benchmark. Amazon and the banks running the deal, JPMorgan Chase & Co. , Royal Bank of Canada , Bank of Nova Scotia and Toronto-Dominion Bank , didn’t immediately respond to a comment request or provide a comment. The move comes about one month after Alphabet Inc. raised C$8.5 billion ($6.1 billion) from a four-part bond sale in Canadian dollars, marking the largest-ever corporate offering in the currency. “Accessing Canada’s market after Alphabet’s recent deal suggests more borrowing in alternative currencies or equity, as data-capacity spending accelerates,” Bloomberg Intelligence analysts Robert Schiffman and Alex Reid said in a note to clients. The firm’s return to the bond market “suggests its AI investment is on a trajectory in 2027 that’s meaningfully higher than the $200 billion anticipated in 2026.” Issuer Profile Debt distribution: AMZN US Equity DDIS Capital structure: AMZN US Equity CAST Related securities: AMZN US Equity RELS Ratings history: AMZN US Equ...
(RTTNews) - Canadian shares are likely to turn in a mixed performance on Monday with investors following Middle East news and reacting to the trend in the commodities markets. Iran-Israel strikes could weigh on sentiment and limit market's upside.
(RTTNews) - Canadian shares are likely to turn in a mixed performance on Monday with investors following Middle East news and reacting to the trend in the commodities markets. Iran-Israel strikes could weigh on sentiment and limit market's upside.
The England captain has finally assumed his place at the pinnacle of the game – it has been a long road to this point The Bayern Munich president, Uli Hoeness, has a propensity for hyperbole, so when he labelled Harry Kane as the best transfer the club has ever made in the wake of the DFB-Pokal cup final, which Bayern won 3-0 thanks to a Kane hat-trick , you wondered whether he was simply dialling...
The England captain has finally assumed his place at the pinnacle of the game – it has been a long road to this point The Bayern Munich president, Uli Hoeness, has a propensity for hyperbole, so when he labelled Harry Kane as the best transfer the club has ever made in the wake of the DFB-Pokal cup final, which Bayern won 3-0 thanks to a Kane hat-trick , you wondered whether he was simply dialling up the rhetoric. A month on, emotion subsided, it appears not. “He absolutely is the best we’ve had,” another Bayern insider confirms. It’s impossible to overstate the unfussy way Kane has won over not just Bayern Munich but, perhaps, global football opinion. Kane’s travails through Euro 2024 , when he still had yet to win a trophy, suggested a player on the downslide. Combined with the scepticism that met his Golden Boot at Russia 2018 among foreign observers – “top goalscorer despite not having scored from the quarter-finals on,” sniffed Le Journal du Dimanche – indicated that his six most productive years as a pro might have been regarded a tireless yet vain effort. Continue reading...
There’s a pre-IPO document making the rounds that reads like a chapter from an Arthur C. Clarke novel. The company behind it wants to launch 100 gigawatts of compute to space each year, roughly one fifth of total annual U.S. power production in 2025. I’ve been reading every AI infrastructure filing I can get my ... SpaceX Has a Plan for AI That Sounds Like Pure Science Fiction. How It Impacts Your...
There’s a pre-IPO document making the rounds that reads like a chapter from an Arthur C. Clarke novel. The company behind it wants to launch 100 gigawatts of compute to space each year, roughly one fifth of total annual U.S. power production in 2025. I’ve been reading every AI infrastructure filing I can get my ... SpaceX Has a Plan for AI That Sounds Like Pure Science Fiction. How It Impacts Your Wealth
J. Michael Jones Corning ( GLW ) shares jumped 9.5% in premarket trading on Monday as Amazon ( AMZN ) entered into a pact with the company to increase U.S.-based fiber optics manufacturing. Amazon shares rose 1% in premarket trading. The multi-year, multi-billion dollar agreement will see Corning produce optical fiber for data centers and strengthen the U.S. supply chain, the companies said in a s...
J. Michael Jones Corning ( GLW ) shares jumped 9.5% in premarket trading on Monday as Amazon ( AMZN ) entered into a pact with the company to increase U.S.-based fiber optics manufacturing. Amazon shares rose 1% in premarket trading. The multi-year, multi-billion dollar agreement will see Corning produce optical fiber for data centers and strengthen the U.S. supply chain, the companies said in a statement . It will create 1,000 jobs at Corning's North Carolina facilities, as well as produce hundreds of construction jobs and a workforce training program, the companies added. “Amazon's investments in North Carolina have created more than 26,000 jobs across the state. This multibillion-dollar agreement with Corning continues that commitment, channeling investment into American manufacturing and creating 1,000 new jobs at their facilities near our data centers,” said Matt Garman, CEO of AWS. “We're also partnering to train North Carolinians for highly skilled roles in fiber optics and fusion splicing. These long-term investments create long-term careers and real opportunity in the communities where we operate.” The agreement with Corning is in addition to Amazon's plans, which were announced in 2025, to invest $10B in North Carolina. The company has invested more than $20B in the state since 2010. Corning shares have gained more than 95% year-to-date. More on Corning and Amazon Amazon: The Stock Is Missing The AI Wave, But The Business Isn't Amazon Gets Paid Every Time Anthropic Grows Beyond AI: Corning's Three Forgotten Powerhouses 'Scary Movie' delivers franchise record opening as U.S. box office jumps 61% Anthropic co-founder says humans might become the bottleneck in AI
JHVEPhoto/iStock Editorial via Getty Images Ciena ( CIEN ) is planning to offer $2B worth of convertible senior notes due 2031 in a private offering. The network technology company also intends to grant the initial purchasers of the notes an option to buy up to an additional $300M principal amount of the notes within a 13-day period. In connection with the pricing of the notes, Ciena expects to en...
JHVEPhoto/iStock Editorial via Getty Images Ciena ( CIEN ) is planning to offer $2B worth of convertible senior notes due 2031 in a private offering. The network technology company also intends to grant the initial purchasers of the notes an option to buy up to an additional $300M principal amount of the notes within a 13-day period. In connection with the pricing of the notes, Ciena expects to enter into convertible note hedge transactions with one or more of the initial purchasers of the notes or other financial institutions. Concurrently with entry into the convertible note hedge transactions, the company also expects to enter into warrant transactions with the option counterparties relating to the same number of common shares. Ciena plans to use a portion of the net proceeds to pay the net cost of the convertible note hedge transactions and buy back up to $140M of its common shares under its existing stock repurchase program. The company also intends to use about $1.14B of the remaining net proceeds to repay amounts outstanding under its term loan under its existing credit facility. Ciena also expects to use funds for general corporate purposes, including investments to enhance supply chain capacity. More on Ciena Ciena: When The Beat Was Not Enough Why Ciena Fell By Nearly 20% After Posting Second Quarter Results Ciena Corporation (CIEN) Q2 2026 Earnings Call Transcript Market momentum: The S&P 500 stocks that crushed it and crashed this week Earnings Scoreboard: 100% of reporting S&P 500 firms beat earnings expectations, 91% deliver Y/Y growth
Johnson & Johnson ( JNJ ) has entered into a definitive agreement to acquire Firefly Bio, a biotechnology company advancing its proprietary Firelink degrader antibody conjugate platform, for $1B in cash. The closing of the transaction is expected to occur later this year, subject to applicable regulatory approvals and other customary closing conditions. The Firelink DAC platform for KRAS-driven tu...
Johnson & Johnson ( JNJ ) has entered into a definitive agreement to acquire Firefly Bio, a biotechnology company advancing its proprietary Firelink degrader antibody conjugate platform, for $1B in cash. The closing of the transaction is expected to occur later this year, subject to applicable regulatory approvals and other customary closing conditions. The Firelink DAC platform for KRAS-driven tumors bolsters Johnson & Johnson’s oncology pipeline and ambition to develop targeted medicines for hard-to-treat solid tumors with high unmet need. “KRAS has notoriously been considered an undruggable target and patients with KRAS-driven cancers continue to face limited treatment options with survival measured in months, not years,” said John Reed, M.D., Ph.D., Executive Vice President, Innovative Medicine, Research & Development, Johnson & Johnson. “We believe the proprietary Firelink™ platform will overcome the limitations of current treatments and diversify our pipeline with preclinical candidates for treating multiple types of solid tumors.” More on Johnson & Johnson Why We Increased The Position In Johnson & Johnson Johnson & Johnson (JNJ) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript Johnson & Johnson: A Dividend King, But Priced Appropriately, Big Conference Slate J&J cleared in talc-related cancer lawsuit in California Alvotech seeks U.S. nod for biosimilars to J&J’s Simponi and Regeneron’s Eylea again
(RTTNews) - Caris Life Sciences (CAI), an AI TechBio company, Monday announced that it has been authorized to repurchase up to $100 million of the company's outstanding common stock.
(RTTNews) - Caris Life Sciences (CAI), an AI TechBio company, Monday announced that it has been authorized to repurchase up to $100 million of the company's outstanding common stock.
According to a Bloomberg report, Huang and Hyundai Motor Executive Chair Chung Euisun detailed plans to deepen their collaboration and bring physical AI and robotics technologies into real-world industrial products.
According to a Bloomberg report, Huang and Hyundai Motor Executive Chair Chung Euisun detailed plans to deepen their collaboration and bring physical AI and robotics technologies into real-world industrial products.