Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. (Source: Bloomberg)
Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. (Source: Bloomberg)
SAN FRANCISCO, May 26, 2026 /PRNewswire/ -- WorkWhile , the AI-native labor platform transforming hourly workforce management, today announced the appointment of James Everingham to its Board of Directors. James Everingham James currently serves as CEO of Guild AI and previously held senior engineering leadership roles at Instagram and Meta, most recently Vice President of Engineering at Meta Devi...
SAN FRANCISCO, May 26, 2026 /PRNewswire/ -- WorkWhile , the AI-native labor platform transforming hourly workforce management, today announced the appointment of James Everingham to its Board of Directors. James Everingham James currently serves as CEO of Guild AI and previously held senior engineering leadership roles at Instagram and Meta, most recently Vice President of Engineering at Meta Devinfra, where he helped scale large-scale infrastructure and AI systems used by billions of people worldwide. He brings deep expertise in AI infrastructure, distributed systems, and enterprise-scale platforms as WorkWhile expands its investments in real-world AI models and operational simulation technology. "AI is moving beyond software assistants into systems that directly influence real-world business operations," said Everingham. "What matters now is building infrastructure that organizations can trust, systems that are observable, reliable, and capable of supporting complex operational decisions at scale. WorkWhile is uniquely positioned at the intersection of AI and the physical workforce, and I'm excited to support the company as it continues to grow." To foster an optimal environment where workers can thrive, WorkWhile is developing AI-native systems designed to streamline operations and HR workflows through automation. Its platform combines operational data, automation, and simulation tools to help businesses improve staffing reliability, scheduling efficiency, and workforce planning across retail, logistics, light industrial, and hospitality operations. As part of this next phase, WorkWhile is continuing to develop capabilities, including: Operational Digital Twins: Simulation environments that allow operations leaders to model workforce conditions, test staffing scenarios, and anticipate disruptions before they occur. Real-World AI Models: AI systems trained on workforce and operational data to help businesses improve scheduling, worker retention, labor forecasting,...
Investors in Boyd Gaming Corporation BYD need to pay close attention to the stock based on moves in the options market lately. That is because the June 18, 2026 $60.00 Call had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatilit...
Investors in Boyd Gaming Corporation BYD need to pay close attention to the stock based on moves in the options market lately. That is because the June 18, 2026 $60.00 Call had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy. What do the Analysts Think? Clearly, options traders are pricing in a big move for Boyd Gaming share, but what is the fundamental picture for the company? Currently, Boyd Gaming is a Zacks Rank #3 (Hold) in the Gaming Industry that ranks in the Bottom 41% of our Zacks Industry Rank. Over the last 60 days, one analyst has increased his estimate for the current quarter, while three have revised their estimates downward. The net effect has taken our Zacks Consensus Estimate for the current quarter to move from $1.96 per share to $1.89 per share in the same time period. Given the way analysts feel about Boyd Gaming right now, this huge implied volatility could mean there’s a trade developing. Often times, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Boyd Gaming Corporation (BYD) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks ...
Tradingkey - On May 26, 2026, Eastern Time (the first trading day after the Memorial Day holiday), the three major U.S. stock indices continued their overall upward trajectory, driven by the dual factors of the intensifying AI investment craze and easing geopolitical risks from expectations of a U.S.-Iran peace agreement. The Nasdaq Composite and S&P 500 both refreshed record highs: the Nasdaq tou...
Tradingkey - On May 26, 2026, Eastern Time (the first trading day after the Memorial Day holiday), the three major U.S. stock indices continued their overall upward trajectory, driven by the dual factors of the intensifying AI investment craze and easing geopolitical risks from expectations of a U.S.-Iran peace agreement. The Nasdaq Composite and S&P 500 both refreshed record highs: the Nasdaq touched an intraday peak of 26,725.29 points, while the S&P 500 reached an intraday high of 7,539.09 points; the Dow Jones Industrial Average, however, opened higher before trending lower, declining 0.16% as of press time. Market analysis suggests the U.S. economy is still expanding, but consumer divergence is evident, with discount retail performing better. The EIA expects crude oil supply and demand to balance only by Q1 2027; high oil prices and secondary inflation will continue to impact corporate operations, which, combined with the waning effects of tax rebates in the second half of the year, means the K-shaped phenomenon will be difficult to mitigate. S&P 500 blue-chips and AI companies led Q1 earnings, with the structural uptrend continuing and expanding to mid- and small-cap indices; the AI supply chain remains the primary trading theme. On the latest geopolitical front, the U.S. Navy has begun resuming the guidance of vessels through the Strait of Hormuz. According to The Wall Street Journal, U.S. military officials revealed that the Navy has resumed assisting ships transiting the strait. Officials said a Greek supertanker carrying 2 million barrels of crude received a naval escort while passing through waters off the coast of Oman. The vessel had been stranded in the Gulf since early March and is now bound for India. The escort marks the restart of 'Operation Freedom'. At the sector level, the AI industrial chain became the clear leader, with the Philadelphia Semiconductor Index driving the day's market movement. The index rose over 5% intraday to a record 12,903.19...
Micron Technology (MU +15.69%) supplies some of the world's best high-bandwidth memory (HBM) for data centers, which is critically important for processing artificial intelligence (AI) workloads. Demand for this hardware far exceeds supply, which is why Micron stock has exploded higher by 700% over the past year. But another company is also benefiting from the blistering demand for memory. Axcelis...
Micron Technology (MU +15.69%) supplies some of the world's best high-bandwidth memory (HBM) for data centers, which is critically important for processing artificial intelligence (AI) workloads. Demand for this hardware far exceeds supply, which is why Micron stock has exploded higher by 700% over the past year. But another company is also benefiting from the blistering demand for memory. Axcelis Technologies (ACLS +2.06%) sells ion implantation machines, which play an essential role in the manufacturing of memory chips and other semiconductor hardware. As companies such as Micron race to expand their production capacity, they will have to buy more of this equipment. Axcelis stock is sitting on a 12-month gain of 170%. But is there more upside ahead? The memory opportunity could transform Axcelis' business Axcelis has three primary business units which account for 90% of its revenue: Power: Axcelis sells ion implantation machines for power semiconductors, which control the flow of electricity between chips and other devices. The company specializes in complex chemistries, including silicon carbide which is popular in the electric vehicle industry because it facilitates rapid battery charging. General Mature: This segment includes ion implantation equipment for mature-node chips, which are the basic processors that power everyday electronics including Wi-Fi modems, vehicle infotainment systems, and camera sensors. Memory: This is where Axcelis accounts for sales of ion implantation machines to manufacturers of memory chips, whether they are making HBM for data centers or direct random-access memory for computers and smartphones. Ion implantation is a highly complex but crucial process that occurs in the very early stages of semiconductor production. Chips start out as basic sheets of silicon crystal, so to turn this raw material into functioning memory cells, ion implantation machines have to fire tiny charged atoms into the wafer to map out how electricity should f...
Both Palantir Technologies Inc. PLTR and UiPath Inc. PATH stand out as leading innovators in AI-driven software. Palantir has built its reputation on large-scale data analytics and decision intelligence platforms, delivering powerful solutions for government agencies, defense organizations and major enterprises that require seamless data integration and real-time situational awareness. UiPath, on ...
Both Palantir Technologies Inc. PLTR and UiPath Inc. PATH stand out as leading innovators in AI-driven software. Palantir has built its reputation on large-scale data analytics and decision intelligence platforms, delivering powerful solutions for government agencies, defense organizations and major enterprises that require seamless data integration and real-time situational awareness. UiPath, on the other hand, specializes in robotic process automation (RPA), applying artificial intelligence to eliminate repetitive tasks and boost operational efficiency across diverse industries. Where Palantir focuses on enabling advanced, data-driven decision-making, UiPath excels in automating workflows, positioning both companies as indispensable contributors to the expanding AI ecosystem. PLTR: AI, Modular Sales Strategy Palantir’s growth story is closely tied to its comprehensive artificial intelligence strategy. The company integrates its proprietary Foundry and Gotham platforms with its advanced Artificial Intelligence Platform to enable organizations to process massive data sets and extract real-time insights. These capabilities are particularly valuable in sectors where rapid decision-making and complex data integration are essential. Defense, intelligence, healthcare and finance organizations rely on Palantir’s technology to streamline operations and improve strategic outcomes. The government sector remains one of Palantir’s strongest footholds. The company continues aligning its AI offerings with evolving U.S. defense priorities. High-profile initiatives, including the Department of Defense’s Open DAGIR project, highlight Palantir’s ability to modernize military operations using AI-driven data interoperability and real-time decision-making tools. Such engagements reinforce Palantir’s reputation as a key technology partner for national security missions. On the commercial side, PLTR is actively accelerating AI adoption through AIP boot camps, which provide hands-on train...
Both Palantir Technologies Inc. PLTR and UiPath Inc. PATH stand out as leading innovators in AI-driven software. Palantir has built its reputation on large-scale data analytics and decision intelligence platforms, delivering powerful solutions for government agencies, defense organizations and major enterprises that require seamless data integration and real-time situational awareness. UiPath, on ...
Both Palantir Technologies Inc. PLTR and UiPath Inc. PATH stand out as leading innovators in AI-driven software. Palantir has built its reputation on large-scale data analytics and decision intelligence platforms, delivering powerful solutions for government agencies, defense organizations and major enterprises that require seamless data integration and real-time situational awareness. UiPath, on the other hand, specializes in robotic process automation (RPA), applying artificial intelligence to eliminate repetitive tasks and boost operational efficiency across diverse industries. Where Palantir focuses on enabling advanced, data-driven decision-making, UiPath excels in automating workflows, positioning both companies as indispensable contributors to the expanding AI ecosystem. PLTR: AI, Modular Sales Strategy Palantir’s growth story is closely tied to its comprehensive artificial intelligence strategy. The company integrates its proprietary Foundry and Gotham platforms with its advanced Artificial Intelligence Platform to enable organizations to process massive data sets and extract real-time insights. These capabilities are particularly valuable in sectors where rapid decision-making and complex data integration are essential. Defense, intelligence, healthcare and finance organizations rely on Palantir’s technology to streamline operations and improve strategic outcomes. The government sector remains one of Palantir’s strongest footholds. The company continues aligning its AI offerings with evolving U.S. defense priorities. High-profile initiatives, including the Department of Defense’s Open DAGIR project, highlight Palantir’s ability to modernize military operations using AI-driven data interoperability and real-time decision-making tools. Such engagements reinforce Palantir’s reputation as a key technology partner for national security missions. On the commercial side, PLTR is actively accelerating AI adoption through AIP boot camps, which provide hands-on train...
Watch Video of the Panel Below, or Click HERE: CorpGov hosted the second Princeton CorpGov Forum on May 21, 2026, at The Nassau Inn in Princeton, New Jersey. Speakers featured industry leaders and alumni spanning five decades at Princeton, and topics comprised university endowments, shareholder activism, private equity, venture capital, private and public capital markets, entertainment and the fin...
Watch Video of the Panel Below, or Click HERE: CorpGov hosted the second Princeton CorpGov Forum on May 21, 2026, at The Nassau Inn in Princeton, New Jersey. Speakers featured industry leaders and alumni spanning five decades at Princeton, and topics comprised university endowments, shareholder activism, private equity, venture capital, private and public capital markets, entertainment and the finance of college sports. The panel highlighted how massive value is being created by private companies in a very short amount of time, accelerating the pace of growth across industries. Speakers said fast-growing companies can no longer stay private for extended periods because they require significant amounts of capital to sustain expansion. Public markets were described as the only realistic exit path for many large-scale companies, given their size and capital needs, such as SpaceX. The discussion emphasized how critical access to funding has become in the current market cycle, with some companies surviving only because they secured major capital raises a year earlier.
Space and satellite-related stocks soared Tuesday as investor enthusiasm around the industry intensified after Elon Musk ’s SpaceX filed for a public offering last week. Shares of space infrastructure company Redwire Corp. jumped as much as 31%, satellite broadband communication company AST SpaceMobile Inc. surged 20%, and rocket and spacecraft maker Firefly Aerospace Inc. rose as much as 21%. Whi...
Space and satellite-related stocks soared Tuesday as investor enthusiasm around the industry intensified after Elon Musk ’s SpaceX filed for a public offering last week. Shares of space infrastructure company Redwire Corp. jumped as much as 31%, satellite broadband communication company AST SpaceMobile Inc. surged 20%, and rocket and spacecraft maker Firefly Aerospace Inc. rose as much as 21%. While Canadian satellite and robotics firm MDA Space Ltd. climbed 10%. Growing excitement around the burgeoning space economy is increasingly favoring companies positioned to benefit not only from SpaceX’s debut, but also from rising enthusiasm for space exploration and increased funding. “The SpaceX IPO is drawing more investors and attention to other well positioned companies in the space industry,” Andres Sheppard , an analyst at Cantor Fitzgerald, wrote in a note to clients. Sheppard also sees space transportation company, Rocket Lab Corp. , Intuitive Machines Inc . and Satellogic Inc. “as direct beneficiaries.” Read More: SpaceX Going Public Is Igniting Wall Street’s Own Race to Orbit A Bank of America Corp. basket of US companies that are key players and potential beneficiaries of the space race has climbed 61% this year, according to data compiled by Bloomberg. The gauge is on track Tuesday for its biggest one day gain since April of last year. Meanwhile, the Procure Space ETF (ticker: UFO), a fund with a market value of about $1 billion, has gained about 72% so far this year. Both are far outpacing a 10% gain in the S&P 500 Index and an 18% advance in the Nasdaq 100 year-to-date. Read More: Space Stocks Set to Extend Rally as SpaceX Kicks Off IPO Process Analysts and investors expect the global space economy to continue to expand. SpaceX is expected to benefit from the US Space Force’s 2027 budget, which is advancing toward $71 billion and jumped 78% from a year ago, according to Bloomberg Intelligence analysts Wayne Sanders and George Ferguson . Other “dual use” space...
Micron Technology (MU-Q) briefly topped US$1 trillion in market value for the first time on Tuesday, crowning a dizzying rally that has cemented the U.S.’s largest memory chipmaker as one of the standout winners of the AI boom. Micron’s shares were last up 17.4 per cent at US$881.6 after rising as much as 19.3 per cent earlier in the session, with Tuesday’s boost coming after brokerage UBS incre...
Micron Technology (MU-Q) briefly topped US$1 trillion in market value for the first time on Tuesday, crowning a dizzying rally that has cemented the U.S.’s largest memory chipmaker as one of the standout winners of the AI boom. Micron’s shares were last up 17.4 per cent at US$881.6 after rising as much as 19.3 per cent earlier in the session, with Tuesday’s boost coming after brokerage UBS increased its price target on the stock to US$1,625 from US$535 - the highest among the 46 brokerages covering the company, according to LSEG data. The milestone, which underscores memory chips’ central role in AI infrastructure, also reflects a broader shift in the AI trade as investors seek out companies that can benefit from Big Tech’s massive spending plans after initially crowding into makers of graphics processors. “The need for pure memory has increased rapidly over very short periods of time, and clearly, Micron sits at the center of it,” said Art Hogan, chief market strategist at B. Riley Wealth. “Today’s crossing of the US$1-trillion mark for Micron is just an exclamation point on the story of the massive amount of demand needed to run data centers in this AI revolution.” While Nvidia makes the powerful processors used to train and run AI models, Micron mainly produces memory chips used to store and move data. The company’s ascent gives the U.S. a strong contender in a memory-chip race that has largely been led by Asia so far. South Korea’s Samsung Electronics, the world’s top memory chipmaker, has already hit the US$1 trillion milestone, while SK Hynix is also closing in. Samsung’s shares surged last week after it clinched an eleventh-hour deal with its South Korean union to avert a strike, though a union representing the conglomerate’s consumer electronics workers said on Tuesday it has asked a South Korean court to block a vote on the agreement. Disruptions at the world’s largest memory chip maker could fuel price hikes at a time when the AI boom has alrea...
00:00 Scott Melker Michael Sailor set the world on fire by tweeting that this week we bought bonds, not Bitcoin. We're going to explain to you why that's a savvy move and exactly what he means. Also, quite a few stories here about stable coins, hyper liquid versus poly market and prediction markets and more. Let's break it all down right now. Let's go. 00:32 Scott Melker What is up everybody? Welc...
00:00 Scott Melker Michael Sailor set the world on fire by tweeting that this week we bought bonds, not Bitcoin. We're going to explain to you why that's a savvy move and exactly what he means. Also, quite a few stories here about stable coins, hyper liquid versus poly market and prediction markets and more. Let's break it all down right now. Let's go. 00:32 Scott Melker What is up everybody? Welcome to the Daily Wolf on Yahoo Finance. I am your host Scott Melker, also known as The Wolf of All Streets. You've got 15 minutes with me where we're going to unpack all of the news, some of it which happened over this very long weekend and some that's happening in real time right now. Now, on this show we're not going to talk about the Iran conflict and what Donald Trump said and how the macro might affect it. We're going to dig into the very crypto native stories, the ones that could potentially move markets even as Bitcoin right now is actually at a nine-month low in volatility. Not much happening with price, but a lot happening in the background and probably the biggest continuous story that we have right now certainly with Bitcoin is one Mr. Michael Sailor himself. We got this story right here, as I alluded to in the intro. 01:21 Scott Melker This week, we bought bonds, not Bitcoin. The bit that is charging. Now, I want you to focus in on that language because diehard viewers of this show may know that I always talk about the bit back. It's Mega Made as Michael Sailor from Spaceballs, right, sucking up all the Bitcoins like the oxygen and air from Druidia. I believe it was called Druidia. I mean, I'm not going to say that he stole it from me, but I may have called him to find out if he stole it for me. Haven't gotten a response yet. Call me Michael. But anyways, yeah, he bought bonds, but it's his own bonds. Strategy has completed the repurchase of 1.5 billion of its own 2029 convertible note at an 8% discount to par generating an incremental 0.7% Bitcoin yield and low...
megaflopp/iStock via Getty Images Transcript Surging long-term bond yields are reinforcing one of our key views: traditional portfolio hedges are less reliable in today’s macro regime. We think investors need a Plan B - built around more unique sources of return. 1) Traditional diversifiers under pressure Long-term government bond yields have surged again, with U.S. 30-year Treasury yields reachin...
megaflopp/iStock via Getty Images Transcript Surging long-term bond yields are reinforcing one of our key views: traditional portfolio hedges are less reliable in today’s macro regime. We think investors need a Plan B - built around more unique sources of return. 1) Traditional diversifiers under pressure Long-term government bond yields have surged again, with U.S. 30-year Treasury yields reaching their highest levels in roughly two decades. That matters because government bonds have historically helped cushion portfolios when risk assets fall. But that role is being tested. Since the onset of the Middle East conflict, U.S. Treasuries have come under further pressure as investors have focused on sticky inflation, energy supply risks and persistent fiscal deficits. Gold, often viewed as an inflation hedge, has also fallen over this period. That reinforces our view that the old playbook for diversification is becoming less reliable. 2) A shifting macro regime Why is this happening? We think markets are adjusting to a new macro regime shaped by mega forces. Geopolitical fragmentation is increasing the risk of supply shocks. Persistent fiscal deficits are putting upward pressure on long-term borrowing costs. And the AI buildout is driving major investment demand. Together, these forces point to higher-for-longer inflation and interest rates than markets were used to before the pandemic. That is why we prefer short- and medium-term U.S. government bonds over long-term bonds. We also continue to like inflation-linked bonds on strategic horizons over five years or more. 3) Building a plan B We still stay pro-risk, supported by solid corporate earnings and the AI theme. Strong earnings growth has helped equities absorb the drag from higher rates so far. But at the total portfolio level, we think investors need broader diversification sources. We favor idiosyncratic return streams, especially hedge funds and private markets, where returns are less dependent on broad stock a...
Most of the biggest public companies in the U.S. have released their 2026 first-quarter earnings reports (or equivalents) by now, and they tell the story of a strong and resilient U.S. economy. According to FactSet's May 21 update, 84% of the companies in the benchmark S&P 500 index have beaten estimates on earnings per share, while 81% outperormed on revenue estimates. The most exciting part of t...
Most of the biggest public companies in the U.S. have released their 2026 first-quarter earnings reports (or equivalents) by now, and they tell the story of a strong and resilient U.S. economy. According to FactSet's May 21 update, 84% of the companies in the benchmark S&P 500 index have beaten estimates on earnings per share, while 81% outperormed on revenue estimates. The most exciting part of the story is artificial intelligence (AI). Companies like Nvidia (NVDA 1.04%) and Palantir Technologies (PLTR +0.28%) are demonstrating accelerating growth and anticipate a long runway. But even companies you might expect to be reeling from the impact of high inflation, like Costco Wholesale (COST 2.70%) and Walmart (WMT 1.36%), are reporting fantastic numbers. But the market typically cares about what's next more than what it just learned, and investors who aren't used to this dynamic can be surprised when a stock drops after a stellar earnings report. All four stocks I just mentioned have recently dropped after earnings due to worries about the future. Is it justified? It's all about AI -- or is it? Let's first take a look at what some of the AI companies are telling the market. Nvidia easily surpassed Wall Street's expectations on the top and bottom line in the first quarter of its fiscal 2027 (ended April 26), like it usually does. Revenue increased 85% year over year, an acceleration from the previous quarter and well above analyst expectations. But it doesn't end there; CEO Jensen Huang remained very positive about the future. "The build-out of AI factories -- the largest infrastructure expansion in human history -- is accelerating at extraordinary speed," he said. Management is guiding for revenue to increase by about 95% in the second quarter, another massive acceleration. Expand NASDAQ : NVDA Nvidia Today's Change ( -1.04 %) $ -2.25 Current Price $ 213.08 Key Data Points Market Cap $5.2T Day's Range $ 212.54 - $ 218.18 52wk Range $ 132.92 - $ 236.54 Volume 3.3M Avg ...
Micron Technology (MU +16.00%) supplies some of the world's best high-bandwidth memory (HBM) for data centers, which is critically important for processing artificial intelligence (AI) workloads. Demand for this hardware far exceeds supply, which is why Micron stock has exploded higher by 700% over the past year. But another company is also benefiting from the blistering demand for memory. Axcelis...
Micron Technology (MU +16.00%) supplies some of the world's best high-bandwidth memory (HBM) for data centers, which is critically important for processing artificial intelligence (AI) workloads. Demand for this hardware far exceeds supply, which is why Micron stock has exploded higher by 700% over the past year. But another company is also benefiting from the blistering demand for memory. Axcelis Technologies (ACLS +2.06%) sells ion implantation machines, which play an essential role in the manufacturing of memory chips and other semiconductor hardware. As companies such as Micron race to expand their production capacity, they will have to buy more of this equipment. Axcelis stock is sitting on a 12-month gain of 170%. But is there more upside ahead? The memory opportunity could transform Axcelis' business Axcelis has three primary business units which account for 90% of its revenue: Power: Axcelis sells ion implantation machines for power semiconductors, which control the flow of electricity between chips and other devices. The company specializes in complex chemistries, including silicon carbide which is popular in the electric vehicle industry because it facilitates rapid battery charging. General Mature: This segment includes ion implantation equipment for mature-node chips, which are the basic processors that power everyday electronics including Wi-Fi modems, vehicle infotainment systems, and camera sensors. Memory: This is where Axcelis accounts for sales of ion implantation machines to manufacturers of memory chips, whether they are making HBM for data centers or direct random-access memory for computers and smartphones. Ion implantation is a highly complex but crucial process that occurs in the very early stages of semiconductor production. Chips start out as basic sheets of silicon crystal, so to turn this raw material into functioning memory cells, ion implantation machines have to fire tiny charged atoms into the wafer to map out how electricity should f...
In Brief The Dutch government has blocked American IT giant Kyndryl from acquiring Solvinity, a Dutch cloud provider that hosts the Netherlands’ online identity platform. The government in The Hague said the deal poses a possible “risk to the public interest.” Dutch minister for the digital economy Willemijn Aerdts said in a machine-translated letter published Monday that the government has impose...
In Brief The Dutch government has blocked American IT giant Kyndryl from acquiring Solvinity, a Dutch cloud provider that hosts the Netherlands’ online identity platform. The government in The Hague said the deal poses a possible “risk to the public interest.” Dutch minister for the digital economy Willemijn Aerdts said in a machine-translated letter published Monday that the government has imposed a “complete prohibition” on the acquisition. The deal would have allowed Kyndryl to buy Solvinity for an undisclosed sum. Solvinity hosts a platform called DigiD, a service managed by the Dutch government that allows the country’s residents to verify their identity when accessing public services. The deal triggered fears that the deal would mean that DigiD data falls under foreign control, and could be demanded by U.S. authorities. While the Dutch government did not provide an explicit reason for blocking the acquisition, the move comes as several European countries are moving to reduce their reliance on U.S. technology giants at a time where the Trump administration has been increasingly unpredictable and retaliatory. U.S. law allows government authorities, including law enforcement and intelligence agencies, to demand that U.S. companies turn over data held in overseas datacenters, regardless of that country’s data protection laws. Politico first reported the news. Kyrdryl told the publication that the company was “extremely disappointed” by the decision.
Welcome to the Bloomberg Deals newsletter! Today, Eli Lilly’s record spending spree continues, H.B. Fuller is urged to drop its AMS pursuit and lots more US IPOs are coming down the line. Today’s top stories Activist Ancora pushes H.B. Fuller to drop AMS bid . Lilly to buy three vaccine developers for up to $3.8 billion. Honeywell-backed Quantinuum seeks to raise $1.05 billion in IPO. Uber said to...
Welcome to the Bloomberg Deals newsletter! Today, Eli Lilly’s record spending spree continues, H.B. Fuller is urged to drop its AMS pursuit and lots more US IPOs are coming down the line. Today’s top stories Activist Ancora pushes H.B. Fuller to drop AMS bid . Lilly to buy three vaccine developers for up to $3.8 billion. Honeywell-backed Quantinuum seeks to raise $1.05 billion in IPO. Uber said to study full takeover of Germany’s Delivery Hero. Lantheus explores potential $7 billion sale following offer from Curium. Health checkbook Eli Lilly has agreed to buy three vaccine developers for as much as around $3.8 billion, marking the drugmaker’s re-entry into the infectious disease space. The takeovers of Curevo, LimmaTech Biologics and Vaccine Company will hand Indianapolis-based Lilly access to immunizations for shingles, common bacterial pathogens and Epstein-Barr Virus. Flush with cash from its blockbuster obesity drugs, Lilly has been expanding into other disease areas as it builds out its pipeline beyond weight loss. The drugmaker has struck acquisitions worth more than $20 billion including milestone payments so far this year. That’s already its biggest annual outlay on record, Bloomberg-compiled data show. The latest deals mean the value of M&A targeting healthcare companies is up by almost 75% year-on-year to more than $140 billion, the data show—that’s the second best performing sector behind utilities. The standout healthcare deal this year remains Boston Scientific’s acquisition of medical device maker Penumbra for more than $14 billion. Tuesday’s M&A flurry is a return of sorts for Lilly, which was one of the first companies to mass produce penicillin in the 1940s and, over a decade later, was the first to make and distribute the Salk Polio Vaccine. Since then, however, Lilly has largely focused its attention on other areas. The three new deals follow Lilly’s appointment last year of former FDA official Peter Marks to lead research into potential new medi...
Home hopeful is youngest man to win in Paris since 1991 Medvedev loses in five sets; Norrie out injured The real surprise here was that it took so long to come. Moïse Kouamé had expertly handled his nerves and high expectations to begin his first French Open main draw match on the front foot, he had demonstrated his enormous promise by playing so well, and he had paired his form with total self-as...
Home hopeful is youngest man to win in Paris since 1991 Medvedev loses in five sets; Norrie out injured The real surprise here was that it took so long to come. Moïse Kouamé had expertly handled his nerves and high expectations to begin his first French Open main draw match on the front foot, he had demonstrated his enormous promise by playing so well, and he had paired his form with total self-assurance. Finally, with the 17-year-old up two sets to love and on his way to a perfect start, his 5,000-strong audience responded with an impromptu rendition of La Marseillaise . Their crooning provided the soundtrack for one of the statement wins of the tournament as Kouamé, the latest young star to command France’s attention, underlined his massive promise by spectacularly closing out his first grand slam match with a 7-6 (4), 6-2, 6-1 win over the former US Open champion Marin Cilic. Kouamé is the youngest player to win a men’s singles grand slam match since 2009 and the youngest at Roland Garros since 1991. Continue reading...
Qualcomm will supply chips to TikTok owner ByteDance for artificial intelligence data centers, according to people familiar with the matter. Ian King helped break the story and he reports on "Bloomberg Tech." (Source: Bloomberg)
Qualcomm will supply chips to TikTok owner ByteDance for artificial intelligence data centers, according to people familiar with the matter. Ian King helped break the story and he reports on "Bloomberg Tech." (Source: Bloomberg)