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Pharmaceutical
Eli Lilly is doubling down on U.S.-based drug manufacturing. The pharmaceutical giant announced Tuesday it will invest $6.5 billion in a new manufacturing facility in Houston, Texas, aimed at scaling production of its pipeline of small molecule drugs — most notably orforglipron, its experimental obesity pill. Expanding U.
Energy
Sila, a battery materials startup that has spent more than a decade developing advanced silicon anode technology, has officially started operations at its new facility in Moses Lake, Washington. The milestone marks the launch of the first large-scale silicon anode factory in the West, a development that could significantly accelerate
Wearables
Oura Health Oy, the Finnish company behind the popular Oura health and fitness ring, is in the final stages of raising $875 million in a Series E financing round that would value the company at roughly $10.9 billion, according to Bloomberg. The round is expected to close by the
Artificial Intelligence (AI)
Chipmaking giant Nvidia plans to invest as much as $100 billion in OpenAI and supply the startup with its advanced data center chips, the companies announced Monday. The deal marks one of the largest commitments yet in the accelerating race to dominate global artificial intelligence. Under the agreement, Nvidia will
Pharmaceutical
Pfizer announced Monday that it will acquire biotech firm Metsera in a deal worth up to $7.3 billion, including future milestone payments, as it works to secure a foothold in the booming obesity drug market. Under the agreement, Pfizer will pay $47.50 a share in cash for Metsera,
Real Estate
Compass, the largest U.S. residential real estate brokerage, announced on Monday that it will acquire Anywhere Real Estate in a deal valued at $4.2 billion. The transaction comes at a time when the housing market remains sluggish, with buyers facing affordability challenges amid persistently high interest rates. Under
E-commerce
eBay announced on Monday that it has acquired Tise, an Oslo-based social marketplace for second-hand fashion and interior design items. While the financial details of the deal remain undisclosed, the acquisition marks a significant step in eBay’s strategy to modernize its consumer-to-consumer (C2C) platform and engage younger audiences. The
Cloud Computing
Oracle Corp. is in advanced discussions with Meta Platforms Inc. on a cloud computing agreement valued at about $20 billion, a move that would further cement Oracle’s role as a major infrastructure provider in the artificial intelligence boom. According to people familiar with the talks, the multiyear deal would
Transportation
Nvidia CEO Jensen Huang touched down in the United Kingdom this week with a bold promise: a £2 billion ($2.6 billion) investment to accelerate the nation’s artificial intelligence startup ecosystem. One of the potential beneficiaries is Wayve, the U.K.-based autonomous driving company making waves with its
Cloud Computing
Microsoft has announced plans to bring its new Fairwater AI data center, touted as the “world’s most powerful,” online in early 2026. The $3.3 billion facility will rise on the site once promised to host Foxconn’s now infamous LCD factory project — a deal that fizzled almost as
Food
Uber announced plans to begin testing drone deliveries for Uber Eats in select U.S. markets by the end of this year, marking its latest move to explore futuristic transportation technologies. The initiative is part of a new partnership with Israeli drone startup Flytrex, which will also include a small
Software Development
Productivity software giant Atlassian announced Thursday that it will acquire developer productivity insight platform DX in a $1 billion cash and restricted stock deal, marking its largest acquisition to date. DX helps enterprises analyze engineering team productivity and pinpoint bottlenecks that slow down development. The platform, founded five years ago