EQT to Buy Insurance Broker McGill in $2 Billion Deal
EQT has agreed to buy a majority stake in insurance broker McGill and Partners for $2 billion, the Swedish investment group said.
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Tesla-Challenging EV Truck Startup Windrose Loses Most of Chinese Staff
About 100 Chinese employees at the Chinese-European electric trucking startup have departed after it fell behind on wages.
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The Cancer Vaccine Gold Rush Has Begun. So Has the Race for Picks and Shovels.
Tempus AI could capture a lucrative slice of Moderna and Merck's personalized cancer therapy business, with Personalis at the center of the bet.
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Musk's Boring Co. Pushes Investors for Recruiting, Business Help
Billionaire's tunneling startup makes unusual demands of backers to participate in latest funding round.
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Tesla Cybercabs Hit Austin Streets in Expansion of Robotaxi Service
The driverless rides reflect Elon Musk's push to turn the EV maker into an autonomous-vehicle giant.
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The 'Deeply Nerdy' Founders Behind Nvidia's $13 Billion Bet on Hugging Face
The startup began as an emoji-named app for teens before becoming a crusader for open-source artificial intelligence.
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A Start-Up Called Nothing Has Raised $450 Million. It's Coming for the iPhone.
Venture capital funding for consumer tech has stalled as funds shift to artificial intelligence. That makes the story of Nothing, a start-up maker of phones and audio gear, all the more surprising.
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Volkswagen Board Approves Doubling Job Cuts to 100,000 in Surprise Move
The automaker will slash the number of models in its lineup, while its European plants face an unclear future. Its shares jumped.
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Drugmakers Halt Autoimmune Trials After Deaths, Life-Threatening Side Effects
Trial freezes by Novartis and Bristol Myers have triggered a race to understand why a promising autoimmune treatment turned risky.
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Adobe Names Anil Chakravarthy as Chief Executive Amid AI Transformation
Anil Chakravarthy has led Adobe's customer experience arm for the past six years and has led the development of several of the company's AI products.
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Oura's IPO Reveals High Growth for Smart-Ring Maker
The fitness tracker recently turned profitable and posted 74% revenue growth in the nine months ended in June.
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Lululemon Cuts Outlook Again After Another Tough Quarter for Sales
The activewear retailer said it now expects annual sales to be $10.35 billion to $10.5 billion, down from its previous guidance of $11 billion to $11.15 billion.
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Zscaler Loss Narrows As Revenue Soars, Boosted by AI
The company reported a loss of $3.37 million and said it would restructure and cut 3% of its workforce as it reallocates resources to support its AI and growth initiatives.