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Microsoft and OpenAI Unveil Major Restructuring Deal to Formalize AI Partnership
28 October 2025 In a landmark agreement announced on October 28, 2025, Microsoft and OpenAI revealed a new deal that allows OpenAI to reorganize itself into a public-benefit corporation, a move that enables greater flexibility in fundraising, restructures its corporate governance and sets the stage for future public listing. Under the terms of the agreement, Microsoft retains approximately 27 percent of OpenAI’s newly formed for-profit entity valued at around $500 billion, wh
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Procter & Gamble Beats Wall Street Expectations Thanks to Strong Beauty and Hair-Care Demand
25 October 2025 Tide detergent, a brand owned by Procter & Gamble, is seen for sale in a store in Manhattan, New York City, U.S., June 29, 2022. REUTERS/Andrew Kelly/File Photo Procter & Gamble, the Cincinnati-based consumer-goods giant known for brands like Tide, Pampers and Olay, reported its fiscal first-quarter results on October 24, 2025, showing revenue of $22.39 billion and adjusted earnings of $1.99 per share, both of which exceeded analyst expectations. A key driver
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Coca-Cola defies economic headwinds as third-quarter revenue beats expectations
21 October 2025 The Coca‑Cola Company posted stronger-than-anticipated results in its third quarter of 2025, reporting revenue of $12.46 billion surpassing the analyst consensus of $12.39 billion largely driven by resilient demand for its signature sodas and a surging interest in its zero-sugar variants. Excluding one-off items, earnings stood at 82 cents per share, besting expectations of 78 cents. Despite a challenging backdrop of inflation concerns and cooling consumer spe
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Apple confronted with new antitrust challenge in China over App Store dominance
20 October 2025 People walk past the Apple logo at a booth showcasing Apple's suppliers, during the first China International Supply Chain Expo (CISCE) in Beijing, China November 28, 2023. REUTERS/Florence Lo A group of 55 iPhone and iPad users in China has lodged an antitrust complaint with the State Administration for Market Regulation (SAMR), accusing Apple Inc. of abusing its dominant position in the Chinese digital market by mandating the use of its own App Store and In-
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Spyware maker NSO Group barred from targeting WhatsApp and ordered to pay reduced damages
18 October 2025 A U.S. federal court has delivered a decisive blow to Israeli spyware firm NSO Group, issuing a permanent injunction barring it from targeting WhatsApp with its surveillance tools and drastically cutting the damages it must pay to WhatsApp’s parent company. The ruling, issued by U.S. District Judge Phyllis Hamilton, follows years of litigation between WhatsApp, owned by Meta Platforms, and NSO Group, whose flagship spyware product Pegasus has been at the cente
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Xiaomi shares plunge in their worst week in over three years following safety concerns tied to EV crashes
17 October 2025 A staff member cleans a Xiaomi SU7 electric vehicle displayed at the Beijing International Automotive Exhibition, or Auto China 2024, in Beijing, China, April 25, 2024. REUTERS/Tingshu Wang/File Photo Shares in Chinese technology firm Xiaomi tumbled sharply last week, recording their steepest weekly decline in more than three and a half years amid safety concerns sparked by two notable accidents involving its electric vehicle model. The drop was significant: o
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BlackRock and Nvidia lead $40 billion takeover of Aligned Data Centers
15 October 2025 A NVIDIA logo is pictured on its facility at the High-tech park at Yokne'am, in northern Israel July 9, 2025. REUTERS/Shir Torem In a dramatic move underscoring how deeply artificial intelligence is reshaping global investment flows, an investor consortium that includes BlackRock, Nvidia, Microsoft, Abu Dhabi’s MGX, Elon Musk’s xAI, Temasek, and others announced on October 15 their plan to acquire Aligned Data Centers from Macquarie Asset Management for roughl
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OpenAI teams up with Broadcom to build its first custom AI processor
13 October 2025 OpenAI announced on October 13 that it has partnered with semiconductor giant Broadcom in a major move to design and deploy its first in-house artificial intelligence processors, signaling a deeper push into custom hardware as demand for advanced compute continues to explode. Under the agreement, OpenAI will lead the design of the chips while Broadcom will handle development and deployment beginning in the second half of 2026. The plan is ambitious: the partie
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China says Qualcomm admitted it completed its Autotalks acquisition without notifying regulators
12 October 2025 Chinese authorities have revealed that U.S. semiconductor giant Qualcomm acknowledged acquiring Israeli chip designer Autotalks in June without notifying China’s regulator ahead of the deal, a move the country’s antitrust agency says violates its merger notification laws. The announcement came just days after China’s State Administration for Market Regulation (SAMR) formally launched an antitrust probe into Qualcomm. The regulator claims Qualcomm had been told
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Musk’s X quietly settles $128 million lawsuit with ex-Twitter executives over unpaid severance
08 October 2025 A 3D-printed miniature model of Elon Musk and the X logo are seen in this illustration taken January 23, 2025....
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Starbucks Shocks New York With Overnight Closures of Dozens of Stores
30 September 2025 Some 54 New York City Starbucks stores are closing. Niyi Fote/TheNEWS2 via ZUMA / SplashNews.com In a sudden and...
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Morgan Stanley Announces Crypto Trading for E*Trade Starting Mid-2026
23 September 2025 The corporate logo of financial firm Morgan Stanley is pictured on the company's world headquarters in New York, U.S....
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Rolls-Royce’s Nuclear Gamble: IPO Talk Sparks Buzz Over Small Reactor Ambitions
30 August 2025 Rolls Royce logo is seen in this illustration taken July 26, 2025. REUTERS/Dado Ruvic/Illustration On August 30, 2025,...
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Spotify turns up the volume on subscriptions with fresh features and bold pricing plans
24 August 2025 The Spotify logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 3,...
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John Deere pledges almost $20 billion over the next decade to modernize U.S. factories, empower local communities, and drive homegrown innovation
9 August 2025 John Deere is investing nearly $20 billion in the US over the next decade. AP At its second‑quarter 2025 earnings call,...
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finance, telecom, and Web3 pioneers launch Anchorpoint Financial to chase one of Hong Kong’s first stablecoin licences under the new regulatory regime
8 August 2025 On August 8, 2025, Standard Chartered’s Hong Kong arm, Animoca Brands and Hong Kong Telecom revealed their formation of a...
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MiniMax Aims for $4 Billion Valuation as It Eyes Hong Kong Debut Amid AI Boom
16 July 2025 Shanghai‑based AI startup MiniMax has quietly submitted confidential filings for a Hong Kong IPO, targeting a valuation...
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Goldman Sachs Lends $270 Million to Address Brooklyn’s Housing Crisis with Bold East New York Initiative
15 July 2025 The Goldman Sachs company logo is on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 13, 2021....
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Affinity Water Faces Scrutiny as CEO’s £1.6 Million Pay Packet Raises Eyebrows Amid Financial Concerns
14 July 2025 In a year when the British water industry is under intense scrutiny over rising consumer bills, ballooning debts, and...
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Tariff Turmoil and Tesla Politics Cast a Shadow Over Wall Street’s Rally
7 July 2025 Source: Investopedia On Monday, July 7, Wall Street’s long ascent came under pressure as fresh layers of political and...
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