Category: business
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Union Pacific and Norfolk Southern Launch $85 Billion Coast-to-Coast Rail Merger Review
December 19, 2025 – New York – Union Pacific (UNP.N) and Norfolk Southern (NSC.N) have filed a nearly 7,000-page merger application with the U.S. Surface Transportation Board (STB), initiating a regulatory review of their $85 billion plan to create the nation’s first coast-to-coast freight railroad. The filing triggers a 30-day period during which regulators, stakeholders,
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Google Cloud and Palo Alto Networks Strike Security Services Deal Approaching $10 Billion
December 19, 2025 – San Francisco – Google Cloud, the cloud computing unit of Alphabet Inc (GOOGL.O), and cybersecurity leader Palo Alto Networks (PANW.O) have announced an expanded partnership, in what sources describe as Google Cloud’s largest security services contract to date. According to a person with direct knowledge, the multi-year agreement involves Palo Alto
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SoftBank Scrambles to Meet $22.5 Billion OpenAI Funding Commitment by Year-End
December 20, 2025 – Tokyo, New York, San Francisco – SoftBank Group Corp (9984.T) is racing to fulfill its $22.5 billion funding commitment to OpenAI before the end of 2025, deploying a mix of asset sales, margin loans, and other financial instruments to raise the necessary capital, sources told Reuters. The ambitious move underscores SoftBank
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Trump Media Enters Fusion Energy Sector with $6 Billion Merger Deal with TAE Technologies
December 18, 2025 – U.S. & Global – Trump Media & Technology Group (DJT.O) is making a bold foray into fusion energy through a $6 billion all-stock merger with Google-backed TAE Technologies, just weeks after industry leaders met with the U.S. Energy Department to discuss federal funding for fusion power initiatives. The deal will establish
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Fortis Healthcare Acquires Bengaluru’s People Tree Hospital for 4.3 Billion Rupees
December 20, 2025 – Bengaluru, India – Fortis Healthcare Ltd, one of India’s leading healthcare providers, announced that it will acquire People Tree Hospital in Yeshwantpur, Bengaluru, for 4.3 billion rupees ($48 million). The acquisition will be executed through Fortis’ wholly-owned subsidiary, International Hospital, via a 100% acquisition of TMI Healthcare, the entity that operates
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Google Warns U.S. Visa Employees to Avoid International Travel Amid Embassy Delays
December 19, 2025 – Mountain View, California – Alphabet Inc. (Google) has advised employees on U.S. visas to avoid international travel due to significant delays at U.S. embassies and consulates, according to a report by Business Insider. The guidance comes via an internal memo from BAL Immigration Law, Google’s outside counsel, warning that visa processing
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Bank of America Set to Boost Investment Banker Bonuses Amid Surge in Deal Activity
December 19, 2025 – New York, U.S. – Bank of America (BofA) is preparing to significantly increase year-end bonus payouts for its top-performing investment bankers, following a strong year of deal activity, according to sources familiar with the matter. The bank’s bonus pool for the investment banking division is expected to expand, rewarding top dealmakers
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7-Eleven CEO Joe DePinto to Retire After 20 Years, Interim Co-CEOs Appointed
December 19, 2025 – Tokyo & North America – 7-Eleven Inc., the North American convenience store arm of Japan-listed Seven & I Holdings Co Ltd, announced that long-serving Chief Executive Officer Joe DePinto will retire after 20 years at the helm. The company confirmed that Stan Reynolds, current President, and Doug Rosencrans, Executive Vice President
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ADNOC Secures $11 Billion Financing for Future Gas Production from Hail and Ghasha Projects
December 18, 2025 – Dubai, UAE – Abu Dhabi National Oil Company (ADNOC) has secured $11 billion in structured financing to support future gas production from its Hail and Ghasha development projects. The deal, involving 20 global and regional banks, is structured as a pre-export finance (PXF) model, enabling ADNOC to monetize future gas output
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Czech Republic Warns EU Climate Targets Could Leave Europe Behind China and the U.S.
December 18, 2025 – Prague, Czech Republic – The European Union risks losing its competitive edge to China and the United States if it continues to pursue ambitious climate targets without reconsideration, Czech Industry and Trade Minister Karel Havlicek warned. The minister called on EU allies to reconsider the bloc’s next-generation emissions trading scheme (ETS2),
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