Companies & CEOs
Nvidia CEO sells $36 million in company shares, overtakes Buffett in wealth - 07/14/2025
Jensen Huang, the CEO of American Nvidia Corp., sold 225,000 company shares for $36.4 million. This was disclosed in a company announcement on the US Securities and Exchange Commission (SEC) website. The shares were sold under a plan established in March, allowing for the sale of up to 6 million shares by the year's end. In June, he had already sold approximately $15 million in securities as part...
Tesla may start selling cars in India in August - 07/14/2025
Tesla is set to launch its inaugural showroom in India next week and is expected to start delivering electric vehicles to customers as soon as next month, according to Bloomberg, referencing sources. Tesla's inaugural showroom in India will launch in Mumbai on July 15, and a second location in New Delhi is set to open at the end of July. According to the sources, the showrooms will serve as...
Ferrero to buy American WK Kellogg for $3.1 billion - 07/11/2025
Italian chocolatier and confectioner Ferrero has reached an agreement to acquire American WK Kellogg, known for its breakfast cereals, according to a joint announcement from both parties. Kellogg shareholders will receive $23 per share from Ferrero. The agreement values the whole company at $3.1 billion. It is anticipated to be concluded in the latter half of the year. The Wall Street...
BPER Banca buys stake needed for full takeover of Banca Popolare - 07/11/2025
BPER Banca, the fourth-largest lender in Italy, has acquired over 35% of its smaller competitor Banca Popolare di Sondrio (BPSO), according to the Italian Stock Exchange. BPER Banca stated that the stake was sufficient to guarantee complete control over BPSO. The Italian bank enhanced its proposal for BPSO last week. It is providing 1.45 of its newly issued shares along with 1 euro for...
Boeing increases aircraft deliveries by 1.6 times in Q2 - 07/09/2025
The American aerospace company Boeing Co. raised aircraft deliveries to clients by about 1.6 times in the second quarter relative to the same timeframe last year. As stated in the company's press release, it provided 150 commercial aircraft, in contrast to 92 during April to June 2024. 130 airlines were handed over to clients during the initial quarter of this year. Consequently,...
Saudi Arabia's sovereign wealth fund invests $200 million in a skyscraper in midtown Manhattan - 07/08/2025
The Public Investment Fund (PIF) of Saudi Arabia has invested $200 million in a project to construct a 366-meter tall skyscraper in Manhattan and intends to acquire a two-thirds ownership in the project, according to Bloomberg, which references sources. The property located at 625 Madison Avenue was purchased by the developer Related in 2024. It is situated in a prominent location, just a block...
Renault seeking partner in India, talks with JSW - 07/07/2025
French car manufacturer Renault is looking for a partner in India to enhance its foothold in the nation as its partnership with Japan's Nissan Motor deteriorates, Bloomberg reported, referencing sources. Renault has conducted initial discussions with Indian tycoon Sajjan Jindal’s JSW Group regarding a potential joint venture, sources revealed. JSW is involved in the automotive, steel, energy,...
French regulator fines Shein €40 million for fake discounts - 07/04/2025
According to Reuters, French antitrust authorities have imposed a €40 million fine on the Asian e-commerce platform Shein due to unfair business practices. The organization, which also oversees consumer protection, stated that Infinite Style E-Commerce Co Ltd. (ISEL), functioning under the Shein brand, deceived consumers regarding the extent of discounts. After a year-long investigation, the...
AstraZeneca may pay Summit $15 billion for cancer drug rights - 07/04/2025
AstraZeneca Plc is in talks for a $15 billion collaboration with Summit Therapeutics, according to Bloomberg, which references sources. AstraZeneca might progressively compensate the U.S. firm for the rights to ivonescimab drug for patients with lung cancer. As per sources from Bloomberg, Summit has been negotiating with additional significant pharmaceutical firms. The agreement with...
Rothschild analyst downgrades Adobe stock rating on AI competition - 07/03/2025
Omar Sheikh, an analyst at Rothschild & Co. Redburn, has reduced Adobe Inc.’s rating to ‘sell’ from ‘neutral’ because of the risks associated with generative artificial intelligence (AI). The analyst reduced his price target for the company's stock to $280, down from $420. This represents one of the bleakest predictions for Adobe stock: analysts typically value the company's shares at $484...
