NORTH BETHESDA, Md.--(BUSINESS WIRE)--ESAB Corporation ("ESAB†or the "Company†) (NYSE: ESAB), a focused premier industrial compounder, today announced that it has signed a definitive agreement to acquire Eddyfi Technologies ("Eddyfi†), a global leader in advanced inspection and monitoring technologies, for $1.45 billion. Eddyfi is expected to generate approximately $270 million of revenue and $80 million of adjusted EBITDA in 2026 or $100 million with expected annualized run-rate synergies. The acquisit ...

By Marc Jones, Global Markets Correspondent ...

LONDON, Feb 2 (Reuters) - By Marc Jones, Global Markets Correspondent What matters in U.S. and global markets today The slump in gold, silver and other precious metals is continuing to rattle global markets and making for a nervous start to the month. After Kevin Warsh's nomination as the new Fed Chair on Friday, a potent mix of margin calls, momentum selling and - at ​least for now - a dialing down of U.S.-Iran sabre-rattling appears to be fueling ongoing volatility in the one part of the market most pr ...

Group 1 - Nvidia's proposed investment of up to $100 billion in OpenAI has stalled due to internal concerns, leading to a reconsideration of their partnership structure [1][2] - The discussions now involve a potential equity investment in the tens of billions as part of OpenAI's latest funding round, rather than the initially announced larger sum [1] - Nvidia had initially planned the substantial investment to support OpenAI's acquisition of advanced chips and enhance its capacity for training and operating new AI models [2] Group 2 - Nvidia CEO Jensen Huang described the original $100 billion commitment as non-binding and not finalized, raising concerns about OpenAI's business practices and competition from other tech firms [2][3] - Other major players, including Amazon and SoftBank Group, are also seeking partnerships with OpenAI, with Amazon reportedly negotiating an investment that could reach $50 billion [3] - OpenAI is currently aiming to raise up to $100 billion in funding, which would give it an estimated valuation of around $830 billion [3] Group 3 - The original agreement between Nvidia and OpenAI involved deploying ten gigawatts (GW) of Nvidia systems for AI infrastructure development, with initial operations expected in the second half of 2026 [4] - Nvidia was intended to serve as OpenAI's main provider of computing and networking solutions, collaborating with partners such as Microsoft, Oracle, SoftBank, and Stargate [5]

Merger Overview - SM Energy Company has completed an all-stock merger with Civitas Resources, creating a combined entity named SM Energy Company, headquartered in Denver, Colorado, US [1] - The merger was valued at approximately $12.8 billion, including net debt, and received shareholder approval from both companies [1][4] Share Exchange and Ownership Structure - Each Civitas share is exchanged for 1.45 SM Energy shares, resulting in the issuance of approximately 126.3 million new shares of common stock by SM Energy [2] - Post-merger, SM Energy shareholders will own about 48% of the combined company, while Civitas shareholders will hold around 52% [2] Leadership and Governance - The Board of Directors will consist of 11 members, with six from SM Energy and five from Civitas [3] - The leadership team includes Beth McDonald as president and CEO, and Blake McKenna as executive vice-president and COO [2] Operational Focus and Financial Outlook - The combined entity manages a portfolio of approximately 823,000 net acres, focusing significantly on the Permian Basin [3] - Expected free cash flow is projected to exceed $1.4 billion for the full year 2025, aiming to enhance capital returns and investment appeal [3] Integration and Future Plans - The company aims to integrate effectively to unlock additional free cash flow, targeting annual synergies of $200–300 million and divestitures of at least $1 billion over the next year [5] - Plans to strengthen the balance sheet and accelerate capital returns to stockholders are in place, with an updated operating plan and return of capital framework to be shared in February 2026 [6]

Medicare's upcoming coverage of obesity treatments could dramatically expand access to Eli Lilly's (NYSE:LLY) experimental weight-loss pill, orforglipron, CEO Dave Ricks said Friday. Medicare Coverage To Unlock Millions Of Patients In an interview with CNBC, Ricks said that the new policy will allow Medicare beneficiaries to access obesity drugs "immediately following launch" of the company's highly anticipated experimental weight-loss drug, Orforglipron. With 20 million to 30 million Medicare patients p ...

Teradyne, Inc. (NASDAQ:TER) will release earnings results for its fourth quarter, after the closing bell on Monday, Feb. 2.Analysts expect the North Reading, Massachusetts-based company to report quarterly earnings at $1.36 per share, up from 95 cents per share in the year-ago period. The consensus estimate for Teradyne's quarterly revenue is $970.46 million, versus $752.88 million a year earlier, according to data from Benzinga Pro.On Jan. 29, Teradyne and MultiLane announced formation of joint venture, Mu ...

Group 1 - Nvidia's stock fell by 1.8% in premarket trading due to uncertainty surrounding a $100 billion investment deal with OpenAI [2] - The agreement announced in September included plans to build at least 10 gigawatts of computing power for OpenAI [2] - Jensen Huang indicated that the $100 billion investment was non-binding and not finalized, expressing concerns about OpenAI's business strategy and competition from other firms [3] Group 2 - Reports from insiders suggest that there is uncertainty regarding the deal between Nvidia and OpenAI [2] - Huang's criticism of OpenAI's business strategy reflects broader concerns within the industry about competition from companies like Alphabet's Google and Anthropic [3]

Core Insights - Tenet Healthcare Corporation has completed a strategic transaction with CommonSpirit Health to regain full ownership of Conifer Health Solutions, which is expected to enhance Tenet's financial position and operational flexibility [1] Group 1: Transaction Details - Conifer Health Solutions will continue to support CommonSpirit Health until the end of 2026, with financial terms consistent with the existing contract [1] - The transaction includes a $540 million redemption payment from Conifer to CommonSpirit, effective retroactively from January 1, 2026, to eliminate CommonSpirit's capital account and redeem its 23.8% equity stake in Conifer [1] - Tenet will receive approximately $1.9 billion in payments from CommonSpirit over the next three years [1] Group 2: Financial Impact - The transaction will reduce Tenet's redeemable non-controlling interest and other liabilities by approximately $885 million and increase its additional paid-in capital by about $305 million [1] - Tenet estimates its Adjusted EBITDA for the year ended December 31, 2025, will be at the upper end of its guidance range of $4.47 billion to $4.57 billion, driven by strong same-store revenue growth and disciplined expense management [1] Group 3: Future Outlook - Conifer Health Solutions plans to expand its investments in artificial intelligence, automation, and global operating capabilities, reinforcing its commitment to innovation in revenue cycle management services [1] - Tenet's management will discuss the transaction in a webcast scheduled for February 2, 2026, providing further insights into the company's performance and strategic direction [1]

Key insight: The deal was the largest bank merger announced in 2025, and is the largest to close so far in 2026.What's at stake: Fifth Third must now integrate Comerica, as the combination increased the company's total assets by more than 35%.Forward look: The bank will aim to take advantage of legacy Comerica's commercial footprint in regions such as Texas, where it hopes to boost its retail business and market share.Fifth Third Bancorp officially acquired Comerica , marking the completion of one of the la ...