Companies & CEOs
Pirelli shares plunge 13% on activist investor accusations of ties to Russian military - 06/05/2026
Pirelli's stock fell 13.5% during Milan trading on Thursday, reaching a minimum of 5.31. The stock dropped sharply after activist investors from Grizzly Research claimed Pirelli had close connections to Russia and was indirectly supporting the Russian military. Grizzly Research holds a short position in these stocks, and the activists are gaining from their drop. The activists assert that they...
Aluminum Bahrain to acquire Europe's largest aluminum smelter for $2.2 billion - 06/03/2026
Aluminium Bahrain (Alba) has reached an agreement to purchase Aluminum Dunkerque, the biggest aluminum smelter in the European Union, from American Industrial Partners (AIP) for around $2.2 billion, the buyer revealed. The deal is set to be finalized by the end of 2026 and has already been authorized by the European Commission. After the completion of the transaction, Alba will acquire 100% of...
Toyota and Suzuki to suspend plant operations on Wednesday due to Typhoon Jangmi - 06/03/2026
Toyota Motor, the Japanese automaker, will halt operations at 13 factories in the country on Wednesday morning due to Typhoon Jangmi, according to Nikkei. Suzuki Motor, another automaker, intends to temporarily close five of its facilities in Shizuoka Prefecture because of the weather. The storm interfered with transportation, causing several flights from Okinawa and Amami-Oshima Island in...
Berkshire Hathaway acquires first company since Warren Buffett's departure - 06/02/2026
Berkshire Hathaway has reached an agreement to purchase the American construction firm Taylor Morrison for $8.5 billion, according to the Financial Times, referencing a statement from the investment entity. According to the publication, this is Berkshire's initial significant acquisition following Warren Buffett's exit as CEO. As part of the agreement, Berkshire will disburse $72.50 for every...
Anthropic files confidentially for IPO - 06/02/2026
Anthropic has submitted a confidential IPO application to the U.S. Securities and Exchange Commission, as revealed by the company's press service. The statement indicated that the number and price of shares in the offering have not yet been established. Bloomberg states that Anthropic may have surpassed its rival, OpenAI, regarding its IPO trajectory. OpenAI, which intends to go public but has...
Intel and 3DGS to invest $3.3 billion in India facility - 06/01/2026
Intel Corp. of the US and 3DGS Inc. will commit around $3.3 billion to a wafer fabrication plant in Odisha, as reported by Fortune India, referencing a statement from the Indian government. The building of the facility is anticipated to require five to six years. The initiative will generate more than 1,800 proficient jobs. Intel will serve as a technological collaborator, offering process...
European Commission will conduct in-depth review of €2.2 billion acquisition of MediaMarkt owner - 05/29/2026
The European Commission has initiated a comprehensive examination of the agreement in which Chinese online retailer JD.com is purchasing German firm Ceconomy, the parent company of electronics chain MediaMarkt, for €2.23 billion. The European Commission, the EU's primary antitrust authority, stated that the agreement might diminish competition in the retail sector for electronics and home...
IBM to invest over $10 billion in quantum computing over the next five years - 05/29/2026
IBM declared plans to invest more than $10 billion in quantum technology development in the next five years, with the goal of building the first large-scale quantum computer that can perfectly execute complex calculations by 2029. Based on IBM's submission to the US Securities and Exchange Commission (SEC), the resources will be allocated, among other purposes, for research and development,...
Qualcomm signs agreement to supply AI chips to TikTok owner's data centers - 05/27/2026
American Qualcomm Inc. has reached an agreement with China's ByteDance Ltd. to provide AI chips for TikTok owner's data centers, Bloomberg writes. Bloomberg's sources indicate that ByteDance plans to buy millions of chips from Qualcomm to bolster its AI agents. The Chinese firm will be among the initial significant purchasers of Qualcomm chips made explicitly for AI advancement. Qualcomm is...
JD.com is considering buying British online retailer The Very Group for $2.7 billion - 05/26/2026
Chinese internet giant JD.com is exploring the acquisition of British online retailer The Very Group for £2 billion ($2.69 billion), according to Sky News, which references sources. A representative from JD.com chose not to address the rumors, and The Very Group also opted not to comment. The Very Group, established in 2005, was purchased by investment company Carlyle in November 2025. In...
