Daily Management Review
Business & Finance
AI firm Cerebras delays IPO due to national security scrutiny of investments

AI firm Cerebras delays IPO due to national security scrutiny of investments

Cerebras, an artificial intelligence startup, has delayed its initial public offering in the United States due to national security investigations carried out by the Committee on Foreign Investment in the United States (CFIUS), as reported by Reuters, citing informed sources. CFIUS, overseen by the...
Johnson & Johnson to invest $55 billion in the US over the next four years

Johnson & Johnson to invest $55 billion in the US over the next four years

The American health products manufacturer Johnson & Johnson (J&J) plans to invest over $55 billion in the U.S. economy within the next four years. The amount of intended investments is 25% greater than the investments made in the prior four years. As stated in a press release from J&J,...
Major Corporations Demand Deeper EU Deregulation Amid Minimal Red Tape Relief

Major Corporations Demand Deeper EU Deregulation Amid Minimal Red Tape Relief

Large enterprises are shouldering a heavy burden to meet the EU’s stringent sustainability standards. For example, companies like RHI Magnesita spend around 1 million euros each year solely on compliance measures. These costs are not trivial compared to their overall earnings, and they eat...
Pharma companies Mallinckrodt and Endo agree to merge

Pharma companies Mallinckrodt and Endo agree to merge

Pharmaceutical firms Mallinckrodt Plc and Endo Inc. have reached an agreement to merge, as stated in their combined press release. The agreement will establish a firm valued at $6.7 billion. Shareholders of American Endo will hold 49.9 percent of the merged entity, while Mallinckrodt will possess...
OpenAI signs nearly $12 billion contract with data center operator CoreWeave

OpenAI signs nearly $12 billion contract with data center operator CoreWeave

American OpenAI has entered into a five-year agreement worth $11.9 billion with the data center provider CoreWeave, reports the Financial Times citing sources. Under the agreement, CoreWeave will deliver computing resources for the training and functioning of OpenAI AI models. Once the papers are...
US Stock Market Loses $4 Trillion As Tariff Uncertainty Sends Shockwaves

US Stock Market Loses $4 Trillion As Tariff Uncertainty Sends Shockwaves

In recent weeks, the US stock market has suffered an unprecedented blow as fluctuating and unclear tariff policies under President Donald Trump have spooked investors and led to a staggering $4 trillion loss in market value from peak levels. Uncertainty about the future of US trade policy has set...
Elon Musk becomes $100bn poorer since the beginning of the year

Elon Musk becomes $100bn poorer since the beginning of the year

Elon Musk's wealth has declined by over $100bn since the start of the year. Based on estimates from the media and financial analysts, his wealth is currently assessed at $330bn, reflecting a decrease of $102bn since the start of the year, because of the drop in stock values for Tesla and several...
Reuters: Production of new Honda Civic has been shifted from Mexico to the U.S. due to duties

Reuters: Production of new Honda Civic has been shifted from Mexico to the U.S. due to duties

Japan's Honda has chosen to manufacture its next-generation hybrid Civic in Indiana (US) instead of Mexico to evade potential tariffs on one of its most popular car models, three sources informed Reuters. The new Honda Civic was set to start production in Mexico's Guanajuato in November 2027. The...
Shares of Mixue, the largest bubble tea chain, soared 43% after its IPO in Hong Kong

Shares of Mixue, the largest bubble tea chain, soared 43% after its IPO in Hong Kong

Shares of Mixue Group, the largest bubble tea chain in China, surged 43.2% on their debut trading day following the IPO in Hong Kong, according to trading data. Mixue secured HK$3.45 billion ($444 million) in its IPO, according to Bloomberg. The firm provided investors with 17.06 million shares...
FT: Prada sets to buy Versace for €1.5 billion

FT: Prada sets to buy Versace for €1.5 billion

The Financial Times (FT) reports, citing sources, that Italian fashion brand Prada is the most probable purchaser of Versace from Capri Holdings. The newspaper reports that the deal's worth will be approximately € 1.5 billion. As per FT sources, talks regarding the agreement between Prada and...
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