Companies
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.
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.
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.
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.
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.
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.
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.
Ellington Financial Closes $150 Million Senior Notes Offering
The Connecticut-based mortgage investment company priced its additional $150M in senior unsecured notes due 2030 at 99.010%, raising proceeds for general corporate purposes.
Canada seeks unique alliance with EU, rules out membership
Prime Minister Mark Carney said Canada wants a distinct partnership with the European Union but will not pursue membership, citing shared values and complementary strengths amid worsening trade ties with the United States.
Amazon pauses flights with 21 Air following fatal crash
Amazon has suspended flights with 21 Air following a fatal crash at Miami International Airport, where five people died. The incident is under investigation by the NTSB.
S&P upgrades Bharti Airtel credit rating to BBB+
Standard & Poor's has raised India telecom operator Bharti Airtel’s sovereign-adjacent credit rating to BBB+, reflecting improved fundamentals or outlook.
Trump proposes federal “AI Force” and AI czar, cites potential 25% GDP impact
President Donald Trump announced plans for a federal AI Force and an AI czar, likening the unit to the Space Force and forecasting artificial‑intelligence could contribute up to a quarter of U.S. GDP.
Postfinance Online Banking Shows Zero Balances in Glitch
A display error at Postfinance briefly showed customers their account balances as 0 francs during a two-hour outage on Saturday.
mAbxience and Sandoz Sign Biosimilar Deal for Emicizumab
mAbxience will develop and manufacture an Emicizumab biosimilar at its Spain and Argentina facilities, while Sandoz gains exclusive global marketing rights outside three South American markets.
Swiss Vacancy Rate Drops Below 1% for First Time in 2026
Leerwohnungsziffer fell to 0.93% nationwide, marking a six-year decline and a historic first under 1% threshold.
Rakovina Therapeutics appoints neuro-oncology expert Petra Hamerlik to board
Rakovina Therapeutics has added Prof. Petra Hamerlik, chair of translational neuro-oncology at the University of Manchester, to its board following the company's annual general meeting in Toronto.
KKR Surpasses Partners Group as Europe's Largest Evergreen Fund Manager
US-based KKR took the top spot in Q1 with 13.6 billion euros in European domiciled evergreen private-market funds, edging out Swiss rival Partners Group at 13.4 billion euros.
Jaguar Land Rover to cut 4,000 jobs in two-year cost‑saving plan
JLR will eliminate 4,000 roles, about 10% of its global workforce, aiming for £1.7 billion of savings and a lower break‑even volume, while Tata Motors shares rise modestly.
Partners Group Opens Stockholm Office to Boost Nordic Private-Markets Push
Swiss private-markets manager adds a Stockholm presence, bringing its global managed assets to $186 billion, as it seeks to deepen investments and capital-raising in the region.
TikTok to Take 150 Megawatts at Finnish Data Center as Part of €12B EU Privacy Push
ByteDance-owned social media giant said it will secure 150 megawatts of capacity at a Kouvola site, part of Project Clover, its €12 billion effort to strengthen European user-data protections.