Snowflake Inc. (NYSE:SNOW) is in talks to acquire application monitoring startup Observe Inc. for about $1 billion. The Information reported the potential deal on Wednesday, though the transaction has not yet been finalized. Observe offers a modern observability platform built…
Faraday Future Intelligent Electric Inc. (NASDAQ:FFAI) stock rose Wednesday after the company disclosed that its Middle East subsidiary inked a memorandum of understanding (MOU) with RAK Digital Assets Oasis (also known as RAK Innovation City). The MOU outlines plans for collaboration…
Accenture plc (NYSE:ACN) on Wednesday disclosed a deal to acquire Cabel Industry from the Fibonacci Group for an undisclosed amount. The Italian firm delivers specialized core banking solutions and IT managed services for mid-sized financial institutions. The company said deal…
Copper has surged past $12,000 per ton for the first time on record. The late rally rounds out a breakthrough year for the orange metal, which saw a nearly 40% price increase. The move reflects growing investor confidence in unavoidable…
Sanofi SA (NASDAQ:SNY) on Wednesday agreed to acquire Dynavax Technologies Corporation (NASDAQ:DVAX) for $15.50 per share in cash, reflecting a total equity value of approximately $2.2 billion. The acquisition augments Sanofi’s presence in adult immunization. Key Vaccine Assets Dynavax’s adult…
Broadcom Inc. (NASDAQ:AVGO) is rolling out a new generation of storage networking products as it prepares customers for rising artificial intelligence workloads and emerging security risks tied to quantum computing. The company has launched its Gen 8 Fibre Channel switch…
BP PLC (NYSE:BP) is strategically streamlining its portfolio by selling a controlling stake in its Castrol lubricants business. This move is designed to bolster BP's balance sheet and simplify its operations, while supporting the company's commitment to financial discipline and…
AST SpaceMobile, Inc. (NASDAQ:ASTS) on Wednesday disclosed the deployment of the largest commercial communications array ever installed in low Earth orbit. The BlueBird 6 satellite successfully lifted off at 10:25 p.m. EST on Dec. 23 from the Satish Dhawan Space…
U.S. stock futures slipped on Wednesday after Tuesday’s higher close. Futures of major benchmark indices fell. The equity markets will be closing at 1:00 p.m. and bond markets at 2:00 p.m. ET on the occasion of Christmas Eve, whereas it…
Alibaba Group Holding Limited (NYSE:BABA) is accelerating its artificial intelligence strategy across both software and computing infrastructure, aiming to drive deeper AI adoption in the workplace while strengthening long-term cloud and hardware capabilities. The company's enterprise collaboration platform, DingTalk, is…