Business
NASCAR Truck Series to Launch 'FedEx Freight Truck Series' in 2027
FedEx Freight secures its first major brand sponsorship with a $100M-plus annual deal to rename NASCAR’s Truck Series, expanding its U.S., Canada and Mexico footprint.
Roundtable Announces $1 Billion Deal With Paradium.AI
Seattle-based Roundtable signs a decade-long agreement to absorb Paradium.AI's media operations, including a $89 million minority stake in the company.
Sift Teams with BlackBerry’s QNX to Enable Real-Time Data Streaming from Embedded Systems
The partnership allows devices running QNX OS 8.0 to stream telemetry data via existing MQTT streams into Sift’s platform, where it becomes queryable using SQL without firmware changes. QNX is embedded in roughly 275 million vehicles worldwide, supporting sub‑second data latency.
Axon Prices $1 Billion Zero-Coupon Convertible Notes Due 2031
Axon Enterprise priced $1 billion of 0 % convertible senior notes due September 15 2031, with an option for an additional $150 million. Net proceeds will fund capped calls to reduce dilution and support general corporate purposes.
EU panel recommends approving Roche Ocrevus for children with relapsing MS
Roche said the EMA's CHMP recommended EU approval of Ocrevus for patients aged 10 and older with relapsing multiple sclerosis, following a US FDA approval in May.
FirstRand shares rise after UK charge blunts H2 profit beat
FirstRand reported normalized earnings up 16% for FY2026, but a GBP 518 million UK motor finance provision cut headline profit 5%. Shares climbed 3% on stronger core performance.
Rackspace joins Nvidia cloud partner program for AI infrastructure
Rackspace has entered Nvidia's cloud partner program to support AI infrastructure, though further details were not immediately available.
Esprinet Raises H1 2026 Outlook on Strong Sales Growth
Esprinet reports 80% year-over-year sales growth in H1 2026, lifting adjusted EBITDA guidance to 77-82 million euros for full-year 2026.
HIVE Digital names Mark Volk senior VP of revenue for BUZZ HPC unit
HIVE Digital Technologies appointed former CiphexAI CEO Mark Volk as senior vice president, revenue at its BUZZ High Performance Computing subsidiary. Volk will lead global go‑to‑market strategy for AI and GPU cloud services as the firm shifts focus from Bitcoin mining to HPC.
Montoddler Unveils Wave Collection of Montessori Floor Beds for U.S. Market
New Jersey-based Montoddler launches a seven-design floor bed lineup featuring birch plywood construction and a distinctive arched guardrail motif.
Eleco’s Shareholder Support Rises to 49.2% in Accel-KKR Deal
Tikvah Management’s commitment boosts support to 41.5 million shares, or ~49.2% of Eleco’s issued capital, as the AIM-listed firm seeks court-sanctioned acquisition via scheme of arrangement.
Supermarket Income REIT Deploys £676m in Acquisitions, Targets Portfolio Doubles
UK-listed grocery REIT reports £454m capital deployed at 6.5% yield, portfolio up 37% to £2.2bn, with management targeting a doubling to £4bn.
Kestra Medical Taps Daniel Finney as VP of R&D
Medical-device firm appoints former senior director to lead its Cardiac Recovery System platform and AI initiatives after nearly a decade-long tenure by predecessor.
Swarmer to Acquire Ratel Robotics for Up to $224m
Swarmer, Inc. (NASDAQ: SWMR) has agreed to acquire Ratel Robotics, a Ukrainian manufacturer of unmanned ground vehicles, for up to $224 million in cash and stock. The deal includes Ratel's contracts totaling $86 million and accounts for 37% of Ukraine's unmanned ground vehicle procurement spending.
BetterLife Pharma Raises ~$100M to Fund Drug Trials
The company priced 447M common shares at CDN$0.25 each, led by Deep Track Capital, to advance its non-hallucinogenic LSD-derivative candidate BETR-001 through Phase 1 and Phase 2 trials.
Avolta prices EUR 350 million senior notes due 2032 at 5.25%
The company plans to use proceeds to further pay down its EUR 750 million Senior Notes due 2027, building on a EUR 400 million issuance last June.
AI safety push expected to boost compute spending, industry leaders say
Developers at the AI Infra Summit warned that safety and alignment work will require 30‑40% more GPUs and larger data‑center power capacity, driving higher infrastructure outlays.
OUTsurance Profit Surges 18.5% to R5.6 Billion on Strong South Africa Growth
The insurer posted an 18.5% rise in normalised earnings to R5.6 billion for FY2026, driven by a 62.4% profit jump in South Africa. A special dividend was declared alongside a 22.7% ordinary dividend increase.
OUTsurance Posts 18.5% Earnings Growth on SA Profit Surge
South African operations powered by a 62% profit jump drove normalised earnings to ZAR 5.6bn, offsetting weaker results at Australian unit Youi.
China's Moonshot Connects Kimi AI Model to Major Financial Data Providers
AI startup behind Kimi model says investment banks and VC firms are using its tools; launches dedicated financial-services tier with access to S&P Global, Wind, SEC filings and more.
VW Sets Job-Cut Costs at 16 Billion Euros for Four German Plant Closures
Volkswagen is planning to spend 16 billion euros to close four German factories and shed up to 60,000 jobs globally, an insider told Reuters.
Touax Reports H1 2026 Loss as Shares Drop 6.5%
European freight rail and container logistics company Touax swung to a EUR 4.2 million net loss in the first half of 2026, while revenue fell and shares tumbled.
J.P. Morgan Expands Swiss Mid-Market Focus Amid Credit Suisse Gap
US bank targets growth in mid-cap Swiss corporate banking, private banking and asset management, despite slower M&A activity.
Supermarket Income REIT posts H2 EPS beat, lifts portfolio value to £2.2bn
Supermarket Income REIT beat H2 2026 forecasts with EPS of 0.0312, while net rent income rose 6% to £122m and gross asset value climbed 37% year-over-year.
Chubb Names Leaders for Digital Business Unit
Insurance giant Chubb has appointed two executives to head its global digital push, following the creation of a chief scientist role.