BlackRock Group Hunts a $20 Billion Deal to Get In on the AI Boom
The investment giant’s new consortium is nearing a deal to buy Aligned Data Centers.
—-
Delays to Trump’s U.A.E. Chips Deal Frustrate Nvidia’s Jensen Huang
The multibillion-dollar deal was announced in May, but Commerce Secretary Howard Lutnick has since pushed the U.A.E. for certain U.S. investments first.
—-
OpenAI’s Sora AI-Video App Is Now No. 1 on Apple’s App Store. Meta Stock Drops.
The app was released on Tuesday and is a near carbon copy of TikTok but exclusively features user-generated AI videos.
ICEBlock, a widely used app, was removed from the App Store after concerns were raised by the Justice Department that it could put law-enforcement officers at risk.
—-
Walmart’s OnePay Is Wading Into Crypto as Retailer Expands in Finance
The fintech app will soon allow users to buy, sell, and hold Bitcoin and Ethereum.
—-
Inside Pfizer’s Drug-Pricing Deal With the Trump Administration
Down-to-the wire team negotiations capped a long dance between President Trump and CEO Albert Bourla.
Google said it will build a $4 billion data center in Arkansas, creating hundreds of operations jobs and thousands of construction jobs in the region.
—-
Applied Materials Expects $710 Million Revenue Hit From New Export Rule
The company said new export restrictions published by the Bureau of Industry and Security would restrict its ability to export certain products to China-based customers without a license.
—-
Beauty Tech Market Debut Gives Boost to London Exchange
Beauty Tech Group shares rose in early trade, with its listing providing a much needed boost to the London bourse.
—-
Corning Is Poised for Dominance in AI Data Centers. It’s All About the Optics.
The 174-year-old Pyrex maker could become one of the biggest winners from the AI boom thanks to decades of investment in glass research and manufacturing, said analysts.
—-
Brazilian Phone Carrier Denied Access to U.S. Chapter 11
Telecom company Oi wanted to terminate its foreign bankruptcy recognition in the U.S. to pursue chapter 11 instead.
—-
Opendoor Hype Won’t Make Its Business Any More Viable
The loss-making house flipper has become a meme stock.
—-
Asahi Cyberattack Stokes Fear Japan Could Run Dry of Its Favorite Beer
Four days after Asahi Group was targeted by a cyberattack, output at many of the brewer’s plants in Japan remains offline.
