UBS Profit Jumps 80% to $3 Billion as Trading Boosts First-Quarter Results
UBS reported an 80% surge in first-quarter profit to $3 billion, beating expectations as trading revenue strengthened performance.
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UAE to Exit OPEC and OPEC+
By
Nathan Cole
The UAE will exit OPEC and OPEC+ from May 1, aiming to increase oil production and better align with shifting global energy demand.
Kone to Acquire TK Elevator in $34.4 Billion Deal to Create Industry Leader
By
Emma Clarke
Finland’s Kone will acquire Germany’s TK Elevator in a $34.4 billion deal, forming the world’s largest elevator manufacturer.
Musk Testifies in Lawsuit Against OpenAI, Seeks $134 Billion in Damages
Elon Musk has begun testifying in his case against OpenAI, seeking to remove leadership and claim $134 billion in damages over alleged contract violations.
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Wall Street Braces for Trillion-Dollar IPO Wave Led by SpaceX, OpenAI and Anthropic
A wave of potential trillion-dollar IPOs from SpaceX, OpenAI, and Anthropic is fueling market excitement and raising concerns over investor positioning.
Microsoft Loses OpenAI Exclusivity as Partnership Terms Shift
Microsoft will lose exclusive rights to OpenAI models, allowing broader distribution as the partnership evolves and revenue-sharing terms change.
U.S. Government’s Intel Stake Gains $25.7 Billion in Eight Months After CHIPS Investment
A U.S. government investment in Intel has generated $25.7 billion in unrealized gains in just eight months after shares surged following earnings.
China Blocks Meta’s $2 Billion Acquisition of AI Startup Manus
China has blocked Meta’s $2 billion acquisition of AI startup Manus, citing regulatory concerns over the cross-border deal.
SanDisk Shares Surge 3000% as AI Boom Drives Data Center Demand
SanDisk shares have surged 3000% over the past year as demand for AI data center storage fuels explosive growth.
Sun Pharma Shares Jump 7% on $11.75 Billion Organon Acquisition
By
Emma Clarke
Sun Pharma shares rose 7% after announcing an $11.75 billion deal to acquire U.S.-based Organon, expanding its global footprint.
Microsoft Plans First Voluntary Buyouts Covering Up to 7% of U.S. Workforce
By
Emma Clarke
Microsoft is introducing its first voluntary buyout program, targeting up to 7% of its U.S. workforce as part of broader efficiency efforts.
TSMC Shares Hit Record High as Taiwan Eases Investment Limits
TSMC shares reached a record high after Taiwan eased single-stock investment caps, boosting demand from institutional funds.
OpenAI Launches GPT-5.5 With Focus on Agentic Coding and Efficiency Gains
OpenAI released GPT-5.5 with improved efficiency and a focus on agentic coding, though higher pricing reflects its expanded capabilities.