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Berkshire Hathaway CEO Abel's Salary Set at $25 Million, Topping Buffett
WSJ· 2026-01-06 22:59
Greg Abel will be paid $25 million annually, a substantial increase from the pay of his predecessor Warren Buffett, who took an annual salary of $100,000 for more than 40 years. ...
Nvidia CEO Says Chinese Demand for Its AI Chips Is ‘Quite High'
WSJ· 2026-01-06 22:06
Core Insights - The company has received White House approval to sell the H200 processors in China, leading to increased sales momentum as indicated by Jensen Huang [1] Group 1 - The approval from the White House is a significant milestone for the company, allowing it to expand its market presence in China [1] - The flow of H200 processors to China is expected to enhance the company's revenue and market share in the region [1]
Caterpillar CEO Elected Executive Chairman, Predecessor to Retire
WSJ· 2026-01-06 21:56
Caterpillar Chief Executive Officer Joe Creed, who joined the company in 1997, succeeds D. James Umpleby III who will retire effective April 1. ...
Mobileye Acquires Startup Mentee Robotics for $900 Million
WSJ· 2026-01-06 21:50
Core Insights - The acquisition by Mobileye is aimed at accelerating Mentee's go-to-market strategy for its AI-powered humanoid robotics [1] - Proof-of-concept deployments are expected to occur in 2026, with commercialization targeted for a subsequent timeframe [1] Company Summary - Mobileye is focusing on enhancing its portfolio through strategic acquisitions to bolster its capabilities in AI and robotics [1] - Mentee is positioned to leverage this acquisition to expedite its market entry and development of humanoid robotics solutions [1] Industry Summary - The AI-powered robotics sector is anticipated to see significant advancements and market entries in the coming years, particularly with proof-of-concept initiatives set for 2026 [1] - The commercialization of humanoid robotics is expected to evolve rapidly following the initial deployments, indicating a growing trend in the industry [1]
Dow Extends Rally, Closing Above 49000 for First Time
WSJ· 2026-01-06 21:48
Core Viewpoint - Broad-based gains in healthcare and smaller technology stocks have led to new record highs for the Dow industrials and S&P 500 [1] Group 1 - The performance of healthcare stocks contributed significantly to the overall market gains [1] - Smaller technology stocks also played a crucial role in driving the indices to record levels [1]
Monroe Capital Starts Year With New $6.1 Billion Private Credit Haul
WSJ· 2026-01-06 21:13
Group 1 - The firm has launched a new private credit fund aimed at supporting loans to lower middle-market companies [1]
Nvidia CEO Says He Doesn't Care About California's Proposed Billionaire Tax
WSJ· 2026-01-06 21:11
Core Viewpoint - The proposal has generated significant backlash from other ultrawealthy residents, who are concerned about a potential exodus from the state [1] Group 1 - The proposal has sparked outrage among ultrawealthy residents [1] - Concerns have been raised regarding the potential impact on the state's population dynamics [1]
Eli Lilly is in advanced talks to acquire Ventyx Biosciences for more than $1 billion, according to people familiar with the matter
WSJ· 2026-01-06 20:40
Group 1 - The deal is valued at more than $1 billion and is expected to be finalized imminently [1]
OneStream to Go Private Through $6.4 Billion Hg Acquisition
WSJ· 2026-01-06 19:18
Group 1 - OneStream shareholders will receive $24 a share, representing a 31% premium over Monday's closing price [1]
Hilton Removes Hotel From Its System After It Refuses Service to ICE Agents
WSJ· 2026-01-06 18:39
Core Viewpoint - The hotel chain has removed its Minneapolis property from booking channels following allegations from the Department of Homeland Security regarding the cancellation of rooms for its agents [1] Group 1 - The hotel chain's action was a direct response to allegations made by the Department of Homeland Security [1] - The cancellation of rooms for agents has raised concerns about the hotel's operational practices [1]