AI Startup Perplexity's Valuation Surges to $14 Billion in New Funding Round 
 

The move is a sign of increased investor excitement about AI's potential to challenge Google's longstanding dominance over search.

 
NRG Energy to Acquire LS Power Portfolio in $12 Billion Deal 
 

NRG Energy has agreed to acquire LS Power's portfolio of natural gas generation facilities and power plant platform in a cash-and-stock deal with an enterprise value of about $12 billion.

 
Fox to Launch Streaming Service by Fall 
 

The media company recorded a big gain in fiscal third-quarter revenue from its broadcast of the Super Bowl while surging costs cut into its earnings.

 
Apple Considers Raising iPhone Prices, Without Blaming Tariffs 
 

The company wants to avoid appearing to attribute price increases to U.S. tariffs on goods from China, where most Apple devices are assembled.

 
UniCredit Lifts Outlook After Earnings Beat Market Expectations 
 

The lender raised its guidance for the year as higher fee income boosted first-quarter earnings.

 
Church & Dwight to Buy Touchland Hand-Sanitizer Brand 
 

Church & Dwight has struck a deal to buy the Touchland hand-sanitizer brand for up to $880 million.

 
Aramco Earnings Narrowly Beat Expectations 
 

Saudi Arabia's national oil company reported a marginal profit beat for the first quarter as weaker oil prices caused by global economic uncertainty dragged on earnings.

 
Eli Lilly Says Trial Patients Lost More Weight on Zepbound Than Rival's Wegovy 
 

The obesity drug helped patients reduce their waist size by an extra two inches compared to those on Novo Nordisk's Wegovy in a head-to-head study of the two drugs.

 
Why Moderna Merged Its Tech and HR Departments 
 

The vaccine maker, which has partnered with OpenAI since 2023, is rethinking how it does workforce planning thanks to the growing capabilities of AI and other tech.

 
Private-Equity Firm TSG Consumer to Buy Budget Gym Chain in Latest Fitness Deal 
 

The deal values EoS Fitness at about $1.5 billion, including debt. The chain offers memberships starting at $9.99 a month.

(END) Dow Jones Newswires

May 12, 2025 13:00 ET (17:00 GMT)

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