Companies & CEOs
Saudi Aramco is exploring sale of assets worth billions of dollars - 11/25/2025
Saudi Aramco, the state-run oil firm of Saudi Arabia, is contemplating the sale of assets valued in the billions, according to Bloomberg, which cites sources. Specifically, these sources indicate that the company could divest its interest in an oil export terminal and an oil storage facility. Sources indicate that investment banks have been asked to join a bid to carry out an extensive evaluation...
Revolut completes secondary share offering, values the company at $75 billion - 11/25/2025
British fintech company Revolut has finished a secondary share offering, setting its valuation at $75 billion. According to the company's announcement, investment firms Coatue, Greenoaks, Dragoneer, and Fidelity Management & Research Company, along with Andreessen Horowitz, Franklin Templeton, and NVentures, the venture capital division of chipmaker Nvidia Corp., took part in the offering....
Forbes reports Trump's net worth declined by $1.1 billion - 11/24/2025
According to Forbes magazine, the net worth of US President Donald Trump has decreased by $1.1 billion since September, bringing his total wealth to $6.2 billion. This decrease is primarily attributed to a significant drop in the stock price of Trump Media & Technology Group (TMTG). On November 21, the share price of TMTG reached $10.18, which is close to its lowest level ever, as noted by...
BHP abandons bid for Anglo American - 11/24/2025
Australian mining company BHP Group has decided to stop its attempt to acquire British mining company Anglo American. BHP has continued to engage in discussions with Anglo's board of directors, but it is no longer looking at combining the two companies, as stated by the Australian company. The statement reads, "BHP still believes that merging with Anglo American would bring strong strategic...
ByteDance's valuation rises to $480 billion - 11/21/2025
Venture capital firm Capital Today has acquired a share in ByteDance, the parent company of TikTok, at a valuation of $480 billion, according to Bloomberg, which is quoting sources. The seller in this transaction was Bank of China Group Investment, one of ByteDance's early institutional investors. The initial sale of ByteDance's stake was valued at $200 million, based on a company valuation of...
Elon Musk donates $474 million to charity in 2024 - 11/20/2025
American billionaire and Tesla founder Elon Musk contributed $474 million to charitable causes in 2024, according to Bloomberg, which referenced tax records. A large part of this donation was directed to nonprofit organizations that Musk established himself. About $370 million was given to the Foundation, which aims to create a school emphasizing science, technology, engineering, and mathematics...
Air France-KLM submits bid for stake in TAP - 11/20/2025
Air France-KLM has shown interest in buying a share in Portuguese airline TAP SA, according to CEO Ben Smith, who shared this during an interview with Bloomberg. This makes Air France-KLM the first company to officially declare its interest in acquiring a stake in TAP. The Portuguese government plans to sell up to 44.9% of TAP's shares, while the remaining 5% will be given to the airline's...
Toyota to invest $912 million in hybrid vehicle production in the US - 11/19/2025
Toyota Motor Corp., based in Japan, has announced a $912 million investment to increase the production of hybrid vehicles and their components across five US states. This is part of a broader $10 billion, five-year strategy aimed at expanding the company's presence in the American market. According to Toyota, the investment will result in the creation of more than 250 job opportunities at...
British court finds BHP liable for 2015 dam collapse in Brazil - 11/17/2025
The English High Court has ruled that Australia's BHP is responsible under Brazilian law for the collapse of a tailings dam at the Fundão mine in the Brazilian state of Minas Gerais, which occurred in November 2015. The court determined that BHP is considered a "polluter" under Brazilian environmental regulations and has breached the country's civil laws. The full amount of possible damages will...
European Commission launches antitrust investigation against Red Bull - 11/14/2025
The European Commission has initiated an inquiry into Red Bull, an energy drink company. According to the Financial Times, the regulator is looking into whether the Austrian firm has misused its strong position in the market. The EC believes Red Bull may have created a strategy across Europe that affected the sales of other energy drinks that are bigger than 250 ml in stores like supermarkets and...
