Core Insights - Blackstone has appointed a former executive from Apollo to lead its European corporate private equity business, following the promotion of the previous head [1] Company Developments - The appointment is part of Blackstone's strategy to strengthen its leadership in the European private equity market [1] - The new head brings experience from a competing firm, which may enhance Blackstone's competitive positioning [1]

Core Insights - Oilfield services companies SLB, Halliburton, and Baker Hughes are shifting focus towards data centers and artificial intelligence infrastructure to fuel their next growth phase as they adapt to a slowing oil market [1] Group 1: Company Strategies - SLB, Halliburton, and Baker Hughes are leveraging advancements in data and AI to enhance operational efficiency and drive innovation in their services [1] - The transition to data-centric operations is seen as a strategic move to diversify revenue streams beyond traditional oilfield services [1] Group 2: Market Context - The oilfield services industry is currently facing challenges due to a slowdown in oil demand, prompting companies to seek new growth avenues [1] - The integration of AI and data centers is expected to provide a competitive edge in a rapidly evolving market landscape [1]

Shares of MapLight Therapeutics opened 11.8% above their offer price in their Nasdaq debut on Monday, giving the drug developer a $787 million valuation. ...

Group 1 - The U.S. has established a $1 billion partnership with Advanced Micro Devices (AMD) to develop two supercomputers [1] - The supercomputers will address significant scientific challenges, including nuclear power and cancer treatment [1] - This initiative highlights the increasing investment in high-performance computing to solve complex problems [1]

Carbon Measures, a new carbon accounting initiative backed by a number of big energy and multinational companies, will create an independent panel to help guide its work, its chief executive told Reut... ...

The Italian government has approved a major reform of its Testo Unico della Finanza (TUF), the body of laws regulating investment services, financial markets and listed companies, first introduced in 1998. ...

UBS has filed an application for a national banking licence in the United States, the Swiss bank said on Monday, a step that underlines its growth ambition for the U.S. market. ...

Core Insights - Qualcomm has introduced two artificial intelligence chips aimed at data centers, with plans for commercial availability starting next year, indicating a strategic move to diversify its business beyond smartphones and tap into the rapidly growing AI market [1] Group 1: Product Launch - The new AI chips are designed specifically for data centers, showcasing Qualcomm's commitment to expanding its product offerings in the technology sector [1] - The launch reflects Qualcomm's strategy to leverage its expertise in semiconductors to capture opportunities in the AI space [1] Group 2: Market Expansion - By entering the AI chip market, Qualcomm aims to diversify its revenue streams and reduce reliance on the smartphone segment, which has faced saturation [1] - The company is positioning itself to benefit from the increasing demand for AI solutions across various industries, highlighting the growth potential in this sector [1]

London-based fund manager Janus Henderson said on Monday it had received a takeover proposal from billionaire Nelson Peltz's Trian Fund Management and General Catalyst, valuing it at $7.18 billion. ...

Elon Musk could leave Tesla as CEO if his proposed $1 trillion pay package was not approved, Chair Robyn Denholm warned in a letter to shareholders on Monday. ...