Hellman & Friedman engineered a strategy that allowed it to cut its stake in Verisure via an IPO. (Bloomberg) — Private equity firms are facing a double dilemma. IPO markets, the usual path for exiting investments, have been gradually reopening, but not enough for them to cash out completely. Option B for getting paid, borrowing…
(Bloomberg) — China on Sunday confirmed that it has taken steps to exempt compliant exports of Nexperia chips intended for civilian use, while urging the European side to make progress in resolving the clash that threatens to disrupt global auto production. “China has taken practical measures to exempt compliant exports for civilian use,” a Ministry…
The Trump administration has made quantum computing development a priority. (Bloomberg) — Rigetti Computing Inc (RGTI). and D-Wave Quantum Inc. (QBTS) make products that so far have few real world applications. They’re burning through cash and aren’t expected to generate significant amounts of revenue for years. Despite all that, investors can’t get enough of them….
(Bloomberg) — Dutch Prime Minister Dick Schoof said China has agreed to resume deliveries of Nexperia chips from plants in the country, signaling a potential breakthrough in a clash that risked disrupting global auto production. “We were informed by China that they will enable the resumption of supplies from Chinese factories from Nexperia,” Schoof said…
At a meeting in Brussels last month, foreign ministers from the European Union’s 27 member states sat down to discuss the bloc’s plans for the Indo-Pacific region. The conversation, according to several people familiar with it, lasted just seven minutes. It is perhaps unsurprising, then, that officials, diplomats and experts are groaning about the lack…
Buildings along Wall Street in New York, US. (Bloomberg) — Wall Street chief executives said investors should brace for an equity market drop of more than 10% in the next 12 to 24 months, and that such a correction may be a positive development. Corporate earnings are strong but “what’s challenging are valuations,” said Mike…
Jensen Huang during the China International Supply Chain Expo in Beijing (Bloomberg) — Nvidia Corp. made history last week when it became the first company ever to have a market value of $5 trillion. But that’s just one way it’s casting a shadow over the global economy. Most Read from Bloomberg The chipmaker at the…
The European Union welcomed China’s suspension of expanded rare earth restrictions imposed last month, even as crisis talks in Brussels on Friday appeared to yield no relief for European firms still constrained by the original export controls. After a full day of talks in the Belgian capital, the European Commission described the pause in controls…
(Bloomberg) — Cloudflare Inc. shares surged to a record after posting better-than-expected sales figures that topped quarterly and annual estimates, following a reorganization and the addition of more large enterprise customers. The cybersecurity firm projected sales of $589 million in the fourth quarter, exceeding analysts’ estimates of $580.9 million on average. Cloudflare’s revenue totaled $562…
(Bloomberg) — In late 2024, OpenAI, still recovering from the aftershock of the brief, messy ousting of Sam Altman, initiated what it hoped would be a relatively straightforward process of converting to a more traditional for-profit business that would be more appealing to investors. Then came the pushback. Most Read from Bloomberg Elon Musk, an…