wildpixel Hims & Hers Health ( HIMS ) has completed its acquisition of Eucalyptus, providing the telehealth company with access to markets in Australia, Canada, and Japan. Eucalyptus is the parent company of Juniper, Pilot, Kin, and Software. With the closing, the deal calls for Hims & Hers to pay ~$240M in cash. More on Hims & Hers Health Hims & Hers: Wegovy Deal Fuels Growth Hims & Hers Health: ...
wildpixel Hims & Hers Health ( HIMS ) has completed its acquisition of Eucalyptus, providing the telehealth company with access to markets in Australia, Canada, and Japan. Eucalyptus is the parent company of Juniper, Pilot, Kin, and Software. With the closing, the deal calls for Hims & Hers to pay ~$240M in cash. More on Hims & Hers Health Hims & Hers: Wegovy Deal Fuels Growth Hims & Hers Health: GLP-1 Drama Ending Signals Return To Growth Hims & Hers Health: The Stock Is On Sale, Buy It Hims & Hers rises after over $1M insider buy Hims & Hers launches generics for Novo’s semaglutide in Canada
Didi Global Inc. reported its second straight quarterly loss, after ratcheting up investment to expand globally and defend its turf in markets like Brazil from new entrant Meituan . The company recorded a net loss of 1.2 billion yuan ($177 million) for the three months ended March, several times larger than in the December quarter.Revenue grew 10% to 58.7 billion yuan, while transactions within th...
Didi Global Inc. reported its second straight quarterly loss, after ratcheting up investment to expand globally and defend its turf in markets like Brazil from new entrant Meituan . The company recorded a net loss of 1.2 billion yuan ($177 million) for the three months ended March, several times larger than in the December quarter.Revenue grew 10% to 58.7 billion yuan, while transactions within the China mobility business grew 10% to a record high. Didi, known as China’s answer to Uber Technologies Inc. , is expanding into regions such as Latin America and Hong Kong in search of growth. Its subsidiary 99 is Brazil’s leading ride-sharing platform, but Meituan’s entry into Brazil last year spurred a fight between the two Chinese internet firms far away from home. Didi now operates in at least 13 nations or regions, and is already a major player in Mexico and Brazil, where the Chinese company provides ride-sharing as well as food delivery and digital wallet services. Didi is also advancing its robotaxi business with self-driving vehicles deployed in some Chinese cities. CEO Cheng Wei pledged to hike investments in autonomous driving globally in Tuesday’s statement. Read More: Meituan’s Losses Narrow After Chinese Food Fight Cools What Bloomberg Intelligence Says Group profit will likely remain under sustained pressure this year due to heightened competition in the Brazilian food delivery market, following the disruptive market entry of Meituan in October 2025. Didi’s group Ebita can still double between 2025-27, assuming the firm avoids a prolonged food delivery price war, underpinned by a stable regulatory outlook and continued gains from portfolio rationalization. - Robert Lea and Jasmine Lyu , analysts Click here for the research Didi grew to be China’s largest ride-hailing platform after pushing out its American peer a decade ago. The company debuted on the New York Stock Exchange in 2021 but soon drew regulatory scrutiny from China’s Cyberspace Administration, whi...
Welcome to Bloomberg’s AI Today newsletter. Every weekday we’ll break down artificial intelligence’s threats and opportunities for businesses, workers, finance and economies. Sign up now if you’re not already on the list. Up first The all-mighty billable hour is the legal industry’s hallmark. AI is changing all that. As big law firms snap up engineers and software specialists, some are also rollin...
Welcome to Bloomberg’s AI Today newsletter. Every weekday we’ll break down artificial intelligence’s threats and opportunities for businesses, workers, finance and economies. Sign up now if you’re not already on the list. Up first The all-mighty billable hour is the legal industry’s hallmark. AI is changing all that. As big law firms snap up engineers and software specialists, some are also rolling out bespoke AI legal products to license to clients. Various new artificial intelligence tools — which offer “legal information” rather than legal advice — are upending billing, hiring and even the final product . Some clients might say, “I don’t need 100% quality, I need 90% quality, I don’t care about perfect,” says Nick West, a partner and chief strategic officer at Mishcon de Reya. That, in turn, has led to the introduction of multi-tier pricing models, with clients now able to choose between cheaper and more AI-heavy output, or slower and costlier human-led advice. For those on the bottom, the embrace of AI is cause for concern . As fewer low-level employees will be needed to review documents and compare contracts, many in the industry expect hiring to slow. And if junior employees are no longer able to develop experience and expertise, pipeline problems could arise later on. With fewer routine tasks to complete, some experts suspect the job of lawyering will tilt towards advisory and consulting. That’s why Sam Dixon, chief innovation officer at Womble Bond Dickinson, advises aspiring lawyers to start thinking about “future skills now.” The following was produced with the assistance of Bloomberg Automation. Banking & Finance Anthropic has confidentially filed paperwork for an IPO , aiming for a potential public debut as soon as this fall in a race with rival OpenAI . The company recently raised $65 billion at a $965 billion valuation, surpassing OpenAI’s value for the first time. Goldman Sachs, JPMorgan Chase and Morgan Stanley are expected to be under consideration ...
Willis Towers Watson ( WTW ) has acquired Redefind, an end-to-end web-based crypto insurance platform that enables individuals and institutions to purchase cryptocurrency and digital asset insurance across all forms of custody. This investment reflects WTW’s long-term strategy to expand into next-generation protection solutions for clients exposed to digital finance, crypto ecosystems, and tokeniz...
Willis Towers Watson ( WTW ) has acquired Redefind, an end-to-end web-based crypto insurance platform that enables individuals and institutions to purchase cryptocurrency and digital asset insurance across all forms of custody. This investment reflects WTW’s long-term strategy to expand into next-generation protection solutions for clients exposed to digital finance, crypto ecosystems, and tokenized asset environments. The proposition launches as a non-custodial, cost-of-recovery insurance solution, intended to support digital asset owners in the event of theft or loss. Coverage is designed to support expenses associated with forensic investigation, asset tracing, and legal recovery of stolen digital assets. As part of the acquisition, Redefind’s founders, Richard Daws and Connor Edward, joined Willis upon completion of the transaction. The service will initially launch in the UK, with broader market and product expansion planned as capabilities continue to evolve. More on Willis Towers Watson Willis Towers Watson Public Limited Company (WTW) Q1 2026 Earnings Call Transcript Willis Towers Watson Public Limited Company 2026 Q1 - Results - Earnings Call Presentation AI Disruption Fears Create An Opportunity In Willis Towers Watson Four insurance brokers upgraded to Buy at Citi Wtw narrows 2026 R&B outlook to mid-single digits while maintaining at least $1b in share repurchases
The Hong Kong government’s planned offshore yuan-denominated venture capital fund is set to attract investors looking to invest in a wide range of artificial intelligence, biotechnology and new energy firms in the coming years, according to industry players. Financial Secretary Paul Chan Mo-po said on Monday that Hong Kong Investment Corporation (HKIC), the government’s investment arm which manage...
The Hong Kong government’s planned offshore yuan-denominated venture capital fund is set to attract investors looking to invest in a wide range of artificial intelligence, biotechnology and new energy firms in the coming years, according to industry players. Financial Secretary Paul Chan Mo-po said on Monday that Hong Kong Investment Corporation (HKIC), the government’s investment arm which manages a HK$62 billion (US$8 billion) portfolio, will take the lead in setting up an offshore...
Australian beef will soon be subject to an additional 55 per cent import duty in China, with shipments of the meat about to surpass an annual quota set by Beijing, China’s Ministry of Commerce confirmed on Tuesday. Imports of Australian beef have already reached 90 per cent of this year’s quota, meaning that a tariff adjustment will soon be triggered, the ministry announced via an alert. Until rec...
Australian beef will soon be subject to an additional 55 per cent import duty in China, with shipments of the meat about to surpass an annual quota set by Beijing, China’s Ministry of Commerce confirmed on Tuesday. Imports of Australian beef have already reached 90 per cent of this year’s quota, meaning that a tariff adjustment will soon be triggered, the ministry announced via an alert. Until recently, most imports of Australian beef were subject to low or even zero tariffs in China under a...
If you put $10,000 into the Breakwave Tanker Shipping ETF (NYSEARCA:BWET) on the last trading day of 2025 and did nothing, by the close on May 26, 2026 you were sitting on about $83,000. The fund went from $19.26 a share on December 31, 2025 to $160.22 on May 26, 2026, a 731.68% year-to-date move. ... A Shipping ETF No One Has Heard Of Has Quietly Run 700%, Tripling Micron’s Rally V1
If you put $10,000 into the Breakwave Tanker Shipping ETF (NYSEARCA:BWET) on the last trading day of 2025 and did nothing, by the close on May 26, 2026 you were sitting on about $83,000. The fund went from $19.26 a share on December 31, 2025 to $160.22 on May 26, 2026, a 731.68% year-to-date move. ... A Shipping ETF No One Has Heard Of Has Quietly Run 700%, Tripling Micron’s Rally V1