The Scoop The US Justice Department is widening its antitrust inquiry into Fox’s $22 billion acquisition of streaming platform Roku, people familiar with the matter said. DOJ staff plans to seek more information from the companies through what is known as a “second request,” which generally involves another round of ...
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CVC to name co-CEOs, poaching TPG execCVC to name co-CEOs, poaching TPG exec
The Scoop European private-equity firm CVC has hired a top TPG executive to be its co-CEO, people familiar with the matter said. Todd Sisitsky, who has been TPG’s president since 2021, will join CVC when his non-compete expires in a year or longer, the people said. At that time, he’ll ...
OpenAI agents find proof to $1 million Millennium Prize ProblemOpenAI agents find proof to $1 million Millennium Prize Problem
OpenAI announced the proof to one of math’s great outstanding questions — although not without drama. The Navier-Stokes equations describe fluid flow, from “your bathtub’s drain to… El Niño,” Scientific American wrote, but two centuries on, scientists don’t know whether they always work. Answering that question would win a $1 ...
Global AI infrastructure spending could top $31T, PwC estimatesGlobal AI infrastructure spending could top $31T, PwC estimates
Global AI infrastructure spending could exceed $31 trillion through 2050, PwC analysts projected, as firms forge ahead with a flurry of data center deals. US chipmaker Qualcomm on Tuesday announced a massive AI chip deal with Amazon, while TikTok is expanding its data center capacity in Finland as part of ...
China widens the scope of its polar ambitionsChina widens the scope of its polar ambitions
The first Chinese cargo ship traveling along the Northern Sea Route is set to dock in England this week, reflecting Beijing’s growing Arctic ambitions, though analysts cast doubt on the venture’s commercial feasibility. China considers itself a near-Arctic power and has moved to deepen its presence there; it conducted its ...
Strange new worldsStrange new worlds
, created by Gene Roddenberry. The first episode of the great, long-running show boldly went where no man had gone before 60 years ago today. The pilot was — unfortunately for the purposes of a daily recommendation slot — not very good. If you’d like to dust an episode off, ...
Republican exploits divided field in Montana Senate raceRepublican exploits divided field in Montana Senate race
The failure of two candidates — one Democratic and one independent — to consolidate anti-Republican support against GOP candidate Kurt Alme is propelling him to victory, according to polling first shared with Semafor. Alme is currently winning 44% of the vote, while independent Seth Bodnar is capturing 22% and Democrat ...
Saudi wealth fund takes its capital pitch to Wall StreetSaudi wealth fund takes its capital pitch to Wall Street
The Scoop Saudi Arabia’s sovereign wealth fund is set to meet some of Wall Street’s biggest firms in New York this week as it seeks foreign backing for its spending plans amid cash constraints at home. Public Investment Fund’s senior management — along with representatives of some of its biggest ...
Robinhood enters IPO underwritingRobinhood enters IPO underwriting
Robinhood landed its first IPO underwriting assignment, a sign that retail investors — long an afterthought for companies going public — are a fan base worth courting. Robinhood, which launched its bookrunning business in June, is among 18 banks working on smart-ring maker Oura’s IPO (dead last, but there). Historically, ...
Warsh has plenty of excuses to delay a rate hikeWarsh has plenty of excuses to delay a rate hike
Liz’s view There are reasons for Kevin Warsh to raise interest rates next week — though President Donald Trump’s new Fed chief was chosen to keep rates low — and there’s no shortage of possible excuses to perpetually wait and see. First, Friday’s job report was stronger than expected, but doesn’t ...