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Estée Lauder Surges 12%, Ending $40 Billion Puig Merger Over Control Disputes
Estée Lauder shares surged 11.9% on Friday. The rally followed the collapse of a proposed $40 billion merger with Spanish beauty group Puig. The companies...
Trafigura pulls 51,000 tons of copper, eyeing US market arbitrage
Commodity giant Trafigura ordered the withdrawal of over 51,000 metric tons of copper from London Metal Exchange (LME) warehouses. The company initiated the...
IMAX Explores Sale to Apple and Netflix, Shares Surge 15%
IMAX Corporation is exploring a potential sale to major technology and entertainment firms. The company reportedly approached Apple, Netflix, and Sony to gauge...
BlackRock’s IBIT leads $1.15 billion outflow, amid rising inflation fears
BlackRock’s iShares Bitcoin Trust (IBIT) recorded five consecutive days of net outflows totaling over $1.15 billion. On May 21, 2026, IBIT recorded a $103.65...
US Freezes $14B Taiwan Arms Deal, Citing Iran War Munitions Shortage
The United States has suspended a pending $14 billion arms package for Taiwan. Acting Navy Secretary Hung Cao confirmed the freeze during a Senate...
AMD Invests $10 Billion in Taiwan, Aiming to Break AI Chip Bottlenecks
AMD is investing over $10 billion in Taiwan to expand its advanced semiconductor packaging capacity. The company will use next-generation Elevated Fan-out...
ExxonMobil Targets Six Venezuela Oil Fields, Reversing Historic 2007 Exit
ExxonMobil is negotiating production rights for up to six oil fields in Venezuela. The New York Times first reported the potential deal. This move marks a...
JX Luxventure Acquires 10% of Dazzly Investment, Expanding into Healthcare
JX Luxventure Group Inc. (NASDAQ: JXG) finalized a share exchange to acquire a 10% stake in Dazzly Investment, Inc. Dazzly Investment operates as a B2B...
Astera Labs Surges 30%, Following Evercore Price Target Hike
Astera Labs (ALAB) shares climbed more than 30% this week. The stock closed at $306.88 on May 22. Evercore ISI raised its price target for the company to $297...
Port of Tauranga faces $475 million claim, stalling critical expansion plans
Port of Tauranga (POT.NZ) faces a major roadblock in its Stella Passage expansion. The Ngāti Kuku hapū lodged legal submissions demanding between NZ$335...
BP shares slide as union rejects revised Whiting refinery labor offer
BP presented a revised labor proposal to United Steelworkers Local 7-1 on May 22, 2026. The offer seeks to resolve a prolonged contract dispute at the Whiting,...
Ford Jumps 9% on $3.8B Loan for Grid-Scale Energy Pivot
Ford Motor Company assumed a $3.8 billion U.S. Department of Energy loan on May 21, 2026. This capital funded the full acquisition of Kentucky battery plants...
Walmart Overhauls Leadership, Following Weak Outlook and 9% Stock Slide
Walmart (WMT) is restructuring its executive leadership under CEO John Furner. Sam’s Club Chief Operating Officer Tom Ward and U.S. store operations head...
Alibaba Unveils M890 AI Chip, Shares Slip On China Regulatory Crackdown
Alibaba’s semiconductor division, T-Head, introduced the Zhenwu M890 AI chip and the Qwen 3.7-Max model at the Alibaba Cloud Summit. The M890 chip delivers...
JD.com Reportedly Explores £2 Billion Bid for UK Retailer The Very Group
Chinese e-commerce giant JD.com is reportedly evaluating a potential £2 billion ($2.69 billion) bid for British online shopping platform The Very Group to...
Carvana Sparks Dealer Backlash with Quiet Push Into New Car Market
Used-car giant Carvana is quietly expanding into the new vehicle market through the acquisition of seven Stellantis dealerships. Amid optimism over this...
Samsung faces backlash, $440,000 chip bonuses spark 100-fold pay gap
Samsung Electronics reached a tentative labor agreement to avert a major semiconductor strike. The deal introduces a special management performance bonus tied...
Zoom nets $1B windfall from Anthropic stake as valuation soars
Zoom Video Communications Inc. holds a stake in AI startup Anthropic now valued at approximately $1.27 billion. This valuation stems from Anthropic’s February...
CVC Bids $12.4B for Recordati, Merck Lung Cancer Trial Cuts Risk 65%
A consortium led by CVC Capital Partners and Groupe Bruxelles Lambert launched a €10.7 billion ($12.4 billion) cash bid for Italian drugmaker Recordati. The...
Standard Chartered CEO apologizes for human capital remarks, cuts 8,000 roles
Standard Chartered Chief Executive Bill Winters apologized for describing support-staff roles as lower-value human capital. He made the comments during a Hong...