North America:

  • Qualcomm acquires Alphawave for $2.4 billion to enhance its AI portfolio, representing a 96% premium.
  • Warner Bros Discovery to split into two entities, focusing separately on streaming/film and television networks.
  • Merck reports successful phase 3 studies for its cholesterol drug, Enlicitide, showing promise in treating hyperlipidemia.
  • Moelis & Co announces Ken Moelis stepping down as CEO, with Navid Mahmoodzadegan as successor.
  • Sunnova Energy International Inc files for Chapter 11 bankruptcy due to substantial debt and declining demand.
  • Nvidia CEO criticizes UK's computing infrastructure for AI limitations, despite UK initiatives to boost AI skills.
  • WPP CEO Mark Read to retire at year-end.
  • IonQ acquires UK-based Oxford Ionics for approximately $1.08 billion to boost quantum computing capabilities.

Europe:

  • L'Oréal acquires a majority stake in Medik8 to expand in the dermatological skincare market.
  • Spectris PLC accepts a $5 billion takeover bid from Advent International.
  • Instalco CEO Robin Boheman steps down; founder Per Sjöstrand to become interim CEO.
  • Totally PLC enters administration, sells divisions to PHL Group, with no expected returns for shareholders.
  • Cap-XX Ltd maintains strong cash position, appoints Anthony Guarna as interim CFO.
  • Subsea 7 secures a contract valued between $50 million and $150 million from Shell for the Aphrodite offshore gas project.

Rest of the world:

  • B. Grimm Power and Digital Edge to invest $1 billion in a Thai data center.
  • Doosan Enerbility Co Ltd secures a 964 billion won order, considers selling its Vietnam unit.
  • SeABank seeks clarification from Aeon Financial after M&A deal declared invalid.