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Johnson & Johnson announces $2 billion investment to boost U.S. manufacturing as tariffs loom
Johnson & Johnson said on Thursday it would invest $2 billion in North Carolina as it aims to expand its U.S. manufacturing presence amid…
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Business
Nexstar Media Group is buying broadcast rival Tegna in $6.2 billion deal
Nexstar Media Group is buying broadcast rival Tegna for $6.2 billion, bringing together two major players in U.S. television and the…
Business
Singapore, Hong Kong want a slice of the US$250 billion stablecoin pie
Regional financial centres Singapore and Hong Kong are both aiming to capture a piece of the US$250 billion stablecoin market. On Aug 1,…
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Johnson & Johnson to invest US$2 billion to boost US manufacturing as drug tariffs loom
Johnson & Johnson (J&J) said on Thursday (Aug 21) it would invest US$2 billion in North Carolina as it aims to expand its US manufacturing…
Business
India becomes rare hub for green IPOs with US$4 billion of deals
India is seeing a revival in clean-energy initial public offerings (IPOs) as companies capitalise on Prime Minister Narendra Modi’s push…
Business
Guess to go private in US$1.4 billion deal with Authentic Brands, co-founders and CEO
Guess said on Wednesday (Aug 20) it has agreed to be taken private by a group, including its co-founders, CEO and Reebok-owner Authentic…
Business
Nexstar to buy Tegna for US$3.5 billion in bet on FCC reforms
Nexstar Media Group agreed to buy TV station operator Tegna for US$3.5 billion in a deal that stands to dramatically expand Nexstar’s…
Business
Apollo seeks to double India assets to US$4 billion in credit boom
Apollo Global Management plans to double its assets under management in India to US$4 billion over the next three years, as it looks to…
Business
Ex-Goldman trader Qin Xiao starts Singapore hedge fund, gets US$1 billion allocation from Millennium
Qin Xiao, the former co-head of Goldman Sachs’ global commodities trading team, has won an allocation from Millennium Management for his…
Business
Intel’s US$25 billion rally sends valuation to dot-com levels
The company’s premium valuation is largely a reflection of just how much its profitability has collapsed in recent years After months of…
Business
CapitaLand Investment to advise Malaysian developer Astaka on retail strategy for RM1.2 billion Johor development
The project is expected to benefit from the formation of the Johor-Singapore Special Economic Zone CapitaLand Investment (CLI) will…
Business
Wahaha heiress Kelly Zong to appeal over frozen US$1.8 billion HSBC account
China beverage heiress Kelly Zong is seeking to appeal two orders imposed on her over the US$1.8 billion assets held in an HSBC Holdings…
Business
Beauty Sales for the First Half Hit $50.6 Billion in the U.S.
Beauty is showing resilience to broader macroeconomic headwinds, Circana data from the first half of 2025 shows. In the U.S., the prestige…
Business
Xiaomi’s US$120 billion gain faces scrutiny on smartphone slowdown
Investors anxiously await an earnings report from Xiaomi, following a rally that has driven its market value up US$120 billion in the past…
Business
SoftBank to invest US$2 billion in Intel as part of US push
SoftBank Group agreed to buy US$2 billion in Intel stock, a move that extends its US investment effort and offers a vote of confidence in…
Business
SoftBank makes surprise US$2 billion bet on Intel’s AI revival
SoftBank agreed to buy US$2 billion of Intel stock, a surprise deal to shore up a struggling US name while boosting its own chip…
Business
Soho House stock jumps 16% today—but here’s how much investors will get paid as chain goes private in $2.7 billion deal
Soho House, a hotel and private club chain, is a public company “nomo.” It’s going private in an acquisition by MCR Hotels, and is also…
Business
Indonesia’s ‘Gasoline Godfather’ targeted in US$18 billion graft probe
[LONDON/JAKARTA] A reclusive oil merchant dominated Indonesia’s fuel trade for decades. Now he is embroiled in a US$18 billion probe into…
Business
OpenAI staffers to sell US$6 billion in stock to SoftBank, other investors
Current and former OpenAI employees plan to sell approximately US$6 billion worth of shares to an investor group that includes Thrive…
Business
Phil Knight’s Record $2 Billion Gift Will Fund Cancer Care and Research in Nike’s Portland Community
Phil Knight is no stranger to giving back — and the Nike co-founder’s latest move cements his status as one of the most powerful…
Business
Shein’s UK sales surge to £2.1 billion in 2024, boosting profits as IPO looms
Shein’s British business made £2.1 billion (S$3.7 billion) in sales in 2024, a 32.3 per cent increase from the previous year, a filing by…
Business
Buffett buys US$1.6 billion UnitedHealth stake, sells T-Mobile
Warren Buffett’s Berkshire Hathaway bought shares of UnitedHealth Group in the second quarter, sending the health insurer’s stock soaring…
Business
Eli Lilly signs $1.3 billion deal with Superluminal to use AI to make obesity medicines
Eli Lilly has signed a deal worth $1.3 billion with privately held Superluminal Medicines to discover and develop small-molecule drugs…
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Hunter Biden responds to first lady's $1 billion defamation threat: 'F--- that'
Hunter Biden on Thursday scoffed at first lady Melania Trump's threat to sue him for $1 billion over "false" and "defamatory" comments…