Flex announced a plan to spin off its Power and Cloud portfolio into a new independent company, SpinCo, focused on digital infrastructure for AI data centers, while Flex will continue as a global advanced manufacturing firm. The spin-off aims to sharpen strategic focus, improve financial clarity, and create shareholder value, with SpinCo targeting rapid revenue growth and Flex focusing on manufacturing solutions across diverse industries. Leadership changes include Revathi Advaithi as SpinCo CEO and Michael Hartung as Flex CEO. The transaction is expected to be tax-free and close in the first quarter of 2027.
SL Green, a Manhattan office REIT, has delivered a strong 16% year-to-date stock return and offers a 4.6% yield. Despite its high-quality assets and tenant diversity, the company faces pressure from rising interest expenses and lower distributable ea...
argenx SE announced it will acquire Forte Biosciences for approximately $2.2 billion in cash, paying $77 per share. This acquisition adds Forte's lead drug candidate FB102, a first-in-class anti-CD122 antibody with promising Phase 1b results in vitil...
US-listed spot Bitcoin ETFs experienced their worst half-year since launching in January 2024, with net outflows totaling $5.4 billion in the first six months of 2026. June was particularly severe, seeing $4.5 billion exit in a single month, driven b...
US-listed Bitcoin ETFs experienced a net outflow of about $8.2 billion over the past eight weeks, reflecting ongoing volatility and weak institutional confidence in Bitcoin. Despite a brief inflow in July, the trend suggests the market recovery remai...
Silvaco and NVIDIA have teamed up to enhance semiconductor design and manufacturing by integrating NVIDIA's AI and accelerated computing with Silvaco's physics-based simulation technology. This collaboration aims to create high-fidelity digital twins...
