Companies
EQT sells $10.5M sq ft logistics portfolio to LBA Realty
Swedish fund EQT Real Estate Industrial Value Fund V divests 46 Class A logistics buildings across the Southeast in an undisclosed deal with LBA Realty.
PodcastOne buys sales rights to Star Trek actors’ podcast with 3M downloads
PodcastOne acquires exclusive sales and distribution rights to 'Dropping Names...and Other Things with Brent & Jonny,' hosted by Brent Spiner and Jonathan Frakes. The podcast has amassed nearly 3 million downloads in its first 15 episodes.
JPMorgan to arrange $5 bln debt for Volta AI data centers
Volta Infra secures $300 million venture funding as it scales AI data center capacity with Nvidia chips. JPMorgan leads financing for Norway-based expansion.
Google settles UK app developer lawsuit for £260 million
Settlement resolves claims of anticompetitive practices in Google Play Store commissions; no admission of liability made. Case was set to go to trial next month.
U.S. Navy submarine maintenance delays cost $3.4 billion, GAO says
Delays in attack submarine maintenance due to dry-dock shortages have cost $3.4 billion over the past decade, with projected costs of $3.1 billion through 2030. The GAO urges alternative decommissioning strategies to reduce idle time.
Raytheon completes $50 million Mississippi factory expansion
The expansion adds 17,000 sq ft to a facility that has seen $280 million in investments over the past decade. Raytheon expects 100 new jobs by 2028.
Raytheon completes $50M Mississippi plant expansion to boost radar production
The $50 million investment expands manufacturing capacity for electronic warfare and radar systems, including Next Generation Jammer pods. The facility now spans 445,000 square feet after a decade of expansions.
Kyndryl and Broadcom expand private cloud and AI services alliance
The companies will broaden their collaboration to enhance private cloud and artificial intelligence offerings for enterprise clients.
UBS charts 80 years of banking tech from ATMs to AI
Swiss lender showcases nine key milestones in its technological evolution, from 1947 mainframes to over 1,400 AI applications in production or development.
Marsh to rebrand Mercer’s People and Investments unit under unified brand
Marsh will consolidate Mercer’s People and Investments division under its own brand from September 1, expanding a broader rebranding initiative first announced in 2025.
FingerMotion unveils behind-the-meter data center plan with BlueFlare
FNGR outlines North American strategy to deploy modular data centers powered by on-site natural gas, targeting enterprise customers. No definitive agreements yet in place.
Helvetia launches mid-tier auto insurance covering total loss after collisions
New 'Totalschadenkasko' policy offers partial coverage plus total-loss protection after self-inflicted crashes at roughly one-third the cost of full collision insurance, Helvetia says. Demand strongest among owners of 10-year-old vehicles priced around 44,000 francs when new.
Prime Drink signs non-binding deal with Geloso for BDED expansion
Parties to form a 50-50 venture for the Beach Day Every Day beverage line across Canada, U.S. and Europe, pending due diligence and regulatory approvals.
SoftwareOne appoints Regina Manfredi as President Americas
SoftwareOne announced Regina Manfredi will become President Americas on Sep 1, 2026, after steering North America back to growth and contributing to 11.6% revenue rise in H1 2026.
BKW acquires two engineering firms in Germany and Austria
Swiss utility BKW expands its engineering division with the purchase of Priedemann Fassadenberatung and KS Ingenieure, bolstering its presence in building envelope and structural planning.
Kühne’s $42 bln fortune to pass to Swiss foundation after death
The estate of the late logistics magnate Klaus-Michael Kühne will be managed by a Swiss foundation, with Kühne + Nagel as its core holding. Succession questions arise amid sector consolidation.
Adler Group posts H1 2026 net loss as Berlin portfolio drives rental growth
German real estate firm reports €160 million H1 loss despite 3% like-for-like rental growth and €63 million net rental income. Debt declines to €3.52 billion as disposals accelerate ahead of 2026 Berlin election.
Scandinavian Tobacco posts 53% FCF jump as sales stabilize in H1 2026
Free cash flow surged to DKK 422 million while net sales declined 3% due to currency effects. Divestment of BREAK and Moro brands to Japan Tobacco expected by year-end.
Swiss pharma faces $195bn loss by 2040 due to U.S. drug policy
Study warns of structural shift in U.S. pricing policy driving production shifts and delayed drug launches, with Swiss pharma exports at risk. Losses could reach 194.5 billion francs by 2040.
UBS study: Mid-sized Swiss cities more attractive for families than Zurich, Geneva
Lower living costs and strong infrastructure in smaller urban centers outweigh benefits of major cities, UBS research finds. Study examines 10 Swiss regions with a two-child family model.
Bystronic acquires Swiss automation firm Isochronic
Swiss industrial group Bystronic expands its automation portfolio with the purchase of Isochronic, a specialist in high-speed robotic systems for sheet metal processing.
Kantonalbank expansion must be strategic, not just for growth: expert
Reto Jauch warns Swiss regional banks against expansion for its own sake, citing governance and strategic discipline as critical to success amid rising competition and technological change.
Hanmi Pharm licenses obesity drug candidate to Genentech for up to $2.3 bln
South Korean biotech Hanmi Pharm will receive $190 million upfront and potential milestones under a global licensing pact with Genentech for HM17321, a novel UCN2-based obesity therapy excluding South Korea.
Bank Frick posts 4.7% profit decline in H1 amid crypto outflows
Net income fell to 4.3 million francs as net interest income dropped 15.1% and trading revenue slumped 38.5%. Customer assets declined 9% to 6.9 billion francs.