Nvidia has become the first public company in history to reach a $5 trillion market value, according to Bloomberg, which is citing market data. On October 29, the company's shares went up by 5.3% during trading, reaching a high of $211.63. Just four months ago, Nvidia's market value crossed the $4 trillion mark, and its growth has been speeding up since then. Only two other companies have reached...

American Water Works and Essential Utilities, two companies that provide water and wastewater services in the United States, have announced their intention to merge, as stated in a formal release. The merger will be carried out through a stock exchange. Shareholders of Essential Utilities will receive 0.305 shares of American Water for each share they currently own. Following the merger, American...

French energy company TotalEnergies is exploring the possibility of selling half of its energy storage assets in Germany, according to a report by Bloomberg, which is based on information from reliable sources. These assets are part of Kyon Energy, a German company that TotalEnergies acquired in 2024. The report suggests that these assets might draw attention from infrastructure-focused...

Hologic announced that American investment firms Blackstone and TPG are purchasing women's health technology developer Hologic at an enterprise value of as much as $18.3 billion. The purchasers will obtain all remaining Hologic shares at $76 each. The payment for the transaction will be made in cash. Shareholders will earn as much as $3 per share when specific revenue targets are achieved....

Warner Bros. Discovery (WBD) revealed it is exploring the option of selling its complete business or parts of it. During the summer, WBD revealed intentions to detach its worldwide TV network division (Discovery Global) from its streaming and movie production operations (Warner Bros.). On October 21, the company announced that it would keep evaluating this possibility. The division was scheduled...

The UK Competition and Markets Authority (CMA) recognized competition concerns regarding the merger between photo banks Getty Images Holdings and Shutterstock. The regulator has allowed the companies until October 27 to present proposals that tackle its issues. In January 2025, Getty Images and Shutterstock, both based in the US, reached a merger agreement. The merged entity, factoring in debt,...

Salesforce Inc., a provider of cloud-driven enterprise customer engagement solutions located in the U.S., anticipates its revenue will reach $60 billion by the fiscal year 2030. This expects a compound annual growth rate in organic revenue of 10% from fiscal years 2026 through 2030. In fiscal year 2025 (February 2024 - January 2025), Salesforce reported revenue of $37.9 billion. The firm...

Thousands of British citizens have initiated legal action against Johnson & Johnson (J&J), alleging that the American pharmaceutical firm knowingly marketed baby powder with asbestos in the UK, according to The Guardian. Approximately 3,000 individuals assert that they or their relatives developed types of ovarian cancer or mesothelioma following the use of J&J baby powder. The lawyers for...

The European Commission announced in a statement that it has imposed fines exceeding €157 million (around $182 million) on Gucci, Chloé, and Loewe for engaging in anticompetitive pricing behaviors. The investigation by the Commission revealed that these companies limited their retailers' freedom to establish their own prices for products created and marketed by Gucci, Chloé, and Loewe. "Such...