SpaceX IPO Draws at Least $5 Billion Order From BlackRock
Other large asset managers have made similarly eye-popping requests, along with fervent interest from individual investors.
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Amazon Says Its Data Centers Used 2.5 Billion Gallons of Water in 2025
The company said water use at sites it owns and operates directly fell 2% from 2024 levels, even while it expanded its data-center footprint.
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Dana to Combine With Eaton's Mobility Business in $5.1 Billion Deal
Dana said it agreed to combine with Eaton's Mobility business in a $5.1 billion deal, aiming to create a more comprehensive supplier serving commercial- and light-vehicle markets.
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Citigroup Is Rolling Out Tokenized Shares of Private Companies
The bank hopes other financial institutions will become involved.
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Novo Nordisk's Wegovy Weight Loss Pill Approved in the U.K.
The U.K. regulator is the third regulatory authority to license the medicine as the Danish drugmaker seeks to regain its lead in the obesity market.
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Bezos Bats Down AI Job Loss Fears While Launching New Venture
The new startup Prometheus seeks to build an "artificial general engineer" that can design and manufacture complex physical products.
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KKR Launches $10 Billion AI Infrastructure Company With Nvidia, Vistra
Helix Digital Infrastructure will "serve as a single coordination point for hyperscalers' data centers, power, connectivity and related needs," KKR said.
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Lovesac Tempers Outlook as Loss Widens
The new outlook came as the furniture company continued to navigate industry headwinds during its fiscal first quarter, Chief Executive Shawn David Nelson said.
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AHS Properties Buys Dubai's Shangri-La Hotel for $300 Million
The deal will be financed by bank debt against the development as well as AHS Properties' equity, the luxury real estate developer said.
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Samsung, one of the world's hottest stocks in 2026, hit by insider-trading probe
Samsung shares have rallied 150% so far this year with Korea's army of retail investors speculating on further gains as the supply=demand imbalance in memory chips shows no sign of abating.
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Oracle Shares Tumble Amid Pricey Data-Center Build-Out
The software giant reported higher spending associated with its massive infrastructure expansion, despite rising profit and revenue.
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Hugo Boss Targeted for Takeover, Boosting Shares
U.K.'s Frasers Group said it would launch a cash offer of around €1.98 billion to take full control of the premium-apparel company.
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Nvidia Is Developing an AI Healthcare Model With Startup Abridge
The chip giant is joining with the maker of AI note-taking technology to train a model tailored for clinical conversations.
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Wizz Air Withholds Guidance Due to Middle East Conflict
The low-cost carrier posted a slump in net profit for the year through March and said it wasn't providing guidance for fiscal 2027.
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South Korea Fines Coupang $410 Million Over Data-Law Breaches
The fine on the e-commerce company is the largest ever imposed on a single company in South Korea.
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Meta's Subscription Push Exposes Its Weak Hand in AI
Charging users is the latest idea to expand beyond ads-a pickle Meta isn't likely to get out of soon.
(END) Dow Jones Newswires
June 11, 2026 13:00 ET (17:00 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.