billion – Page 20 – Freedom 96.9

Nvidia-backed Reflection AI eyes $25 billion valuation, WSJ reports

Thursday, March 26 by SRN News

March 25 (Reuters) - Nvidia-backed startup Reflection AI is in talks to raise $2.5 billion at a valuation of $25 billion, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. Here are some details: * JPMorgan Chase... Read More.

KKR to acquire Nothing Bundt Cakes for over $2 billion, source says

Wednesday, March 25 by SRN News

March 25 (Reuters) - U.S. private equity firm KKR has struck a deal to acquire bakery chain Nothing Bundt Cakes from Roark Capital for over $2 billion, including debt, a source familiar with the matter told Reuters on Wednesday. * The... Read More.

Fidelity beats lawsuit over fees in $439 billion money market fund

Wednesday, March 25 by SRN News

By Jonathan Stempel NEW YORK, March 25 (Reuters) - A federal judge dismissed a lawsuit on Wednesday accusing mutual fund giant Fidelity of cheating many investors in its $439.1 billion Fidelity Government Money Market Fund by keeping them in higher-cost share classes than they were... Read More.

Fed reports narrowing $19.6 billion loss for operations in 2025

Wednesday, March 25 by SRN News

NEW YORK, March 25 (Reuters) - The Federal Reserve reported a narrower loss last year in an audited financial statement released on Wednesday. The Fed said that its total comprehensive loss for the full year of 2025 stood at $19.6 billion, versus $77.5 billion in... Read More.

CK Hutchison unit says Panama arbitration claim now tops $2 billion

Wednesday, March 25 by SRN News

By Elida Moreno PANAMA CITY, March 24 (Reuters) - A unit of Hong Kong conglomerate CK Hutchison said on Tuesday it had widened its claims in an international arbitration case against Panama, saying damages had now risen to more than $2 billion. Panama Ports Company, which... Read More.

Merck nears $6 billion acquisition of Terns Pharma to boost cancer portfolio, FT reports

Wednesday, March 25 by SRN News

March 24 (Reuters) - Pharmaceutical company Merck is nearing a roughly $6 billion all-cash deal to acquire biotech firm Terns Pharma, the Financial Times reported on Tuesday, citing people familiar with the matter. The potential acquisition comes as U.S.-based Merck continues to reshape its oncology... Read More.

MercadoLibre to invest $11 billion in Brazil this year

Tuesday, March 24 by SRN News

SAO PAULO, March 24 (Reuters) - E-commerce firm MercadoLibre will invest 57 billion reais ($10.9 billion) in its main market Brazil this year, up 50% from 2025, it said on Tuesday. MercadoLibre said the amount, which includes some operating costs and expenses, will be mainly... Read More.

OpenAI non-profit names leaders, plans to spend $1 billion this year, Bloomberg News reports

Tuesday, March 24 by SRN News

March 24 (Reuters) - OpenAI is making several key hires to lead its non-profit arm and is planning to spend $1 billion in various AI-related investments this year through the non-profit unit, Bloomberg News reported on Tuesday. (Reporting by Deborah Sophia in Bengaluru;... Read More.

SK Hynix may raise up to $10 billion from US listing, Korea Economic Daily says

Tuesday, March 24 by SRN News

SEOUL, March 24 (Reuters) - South Korea's SK Hynix is considering raising 10 trillion to 15 trillion won ($10.03 billion) through a potential U.S. listing, aiming to expand production capacity for advanced memory chips, the Korea Economic Daily reported. A U.S. listing would give... Read More.

Gilead to buy biotech firm Ouro Medicines in over $2 billion deal

Monday, March 23 by SRN News

March 23 (Reuters) - Gilead Sciences said on Monday it would buy privately held biotech firm Ouro Medicines in a deal worth up to $2.18 billion. (Reporting by Mariam Sunny in Bengaluru; Editing by Shilpi Majumdar) Brought to you by www.srnnews.com

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