Business

What tastes like a Korean pancake and is purple all over? An Oreo inspired by K-pop group BTS

Tuesday, May 26 by SRN News

Oreo is teaming up with K-pop supergroup BTS for a bit of marketing dynamite that capitalizes on consumers' growing interest in global flavors. Mondelez, Oreo's parent company, said Tuesday that BTS-themed Oreos will go on sale June 1 online and June 8 in stores. The... Read More.

Russia maintains attacks on Ukraine, as Kyiv is warned to brace for a possible major barrage

Tuesday, May 26 by SRN News

KYIV, Ukraine (AP) - Russia fired more than 100 drones and two ballistic missiles at Ukraine overnight, the Ukrainian air force said Tuesday, as the country's foreign ministry noted that Moscow's recent threat to hit Kyiv especially hard from the air brought nothing new. Russia... Read More.

Florida insurer Safepoint eyes $1.16 billion valuation in US IPO

Tuesday, May 26 by SRN News

May 26 (Reuters) - Insurer Safepoint said on Tuesday it was targeting a valuation of up to $1.16 billion in its U.S. initial public offering, riding a wave of post-reform Florida insurance growth. The Tampa, Florida-based company and some of its backers are seeking... Read More.

I Squared bets on AI inference with $225 million data center buy from Cogent

Tuesday, May 26 by SRN News

May 26 (Reuters) - Investment manager I Squared Capital on Tuesday said that it has bought 10 data center facilities from Cogent Fiber for $225 million in cash, marking its latest bet on AI infrastructure. I Squared said it plans to use the... Read More.

Cash-strapped Syrians living in tent settlements struggle to return home after Assad’s fall

Tuesday, May 26 by SRN News

ATMEH, Syria (AP) - Sobhieh al-Saleh thought she would finally leave her tent and return home the moment a rebel offensive in late 2024 ousted then President Bashar Assad, and brought an end to more than a decade of conflict. But she still lives in... Read More.

Sunshine Silver eyes $2.32 billion valuation in US IPO

Tuesday, May 26 by SRN News

May 26 (Reuters) - Sunshine Silver Mining & Refining Company is targeting a valuation of up to $2.32 billion in its U.S. initial public offering, as the company seeks funds to restart a mine in Idaho that produced silver, antimony and other minerals. The Denver,... Read More.

Applied Aerospace & Defense eyes $3.59 billion valuation in US IPO

Tuesday, May 26 by SRN News

May 26 (Reuters) - Private equity-backed government contractor Applied Aerospace & Defense is targeting a valuation of up to $3.59 billion in its U.S. initial public offering, as a wave of defense companies aim to capitalize on investor appetite for the sector... Read More.

Advent, ADIA-backed gas engine maker Innio targets $20.3 billion valuation in US IPO

Tuesday, May 26 by SRN News

May 26 (Reuters) - Gas engine manufacturer Innio said on Tuesday it was targeting a valuation of up to $20.25 billion in a U.S. initial public offering, as it looks to tap investor appetite for companies powering the AI boom. Munich, Germany-based Innio's principal shareholder... Read More.

BP removes Chairman Albert Manifold in surprise move

Tuesday, May 26 by SRN News

May 26 (Reuters) - BP said on Tuesday it had removed Chairman Albert Manifold with immediate effect, citing "unacceptable" governance oversight and conduct issues. Manifold was appointed to the role in October, although he received lower-than-typical support. He has been pushing for a faster... Read More.

China pharma industry not impacted by Beijing scrutiny of sensitive tech deals, JW chief says

Tuesday, May 26 by SRN News

By Andrew Silver SHANGHAI, May 26 (Reuters) - China's booming pharmaceutical industry is not being impacted by Beijing's tightening scrutiny over deals involving sensitive technologies, the CEO of JW Therapeutics said Tuesday. Global drugmakers are stepping up their search for China‑developed experimental medicines as they... Read More.

Current Weather

Russia maintains attacks on Ukraine, as Kyiv is warned to brace for a possible major barrage

Florida insurer Safepoint eyes $1.16 billion valuation in US IPO

I Squared bets on AI inference with $225 million data center buy from Cogent

Cash-strapped Syrians living in tent settlements struggle to return home after Assad’s fall

Sunshine Silver eyes $2.32 billion valuation in US IPO

Applied Aerospace & Defense eyes $3.59 billion valuation in US IPO

Advent, ADIA-backed gas engine maker Innio targets $20.3 billion valuation in US IPO

BP removes Chairman Albert Manifold in surprise move

China pharma industry not impacted by Beijing scrutiny of sensitive tech deals, JW chief says

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