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Manufacturing
In a landmark move that underscores a growing trend of reshoring American manufacturing, GE Appliances announced on Thursday a $490 million investment into its Louisville-based headquarters, Appliance Park. The project is set to create 800 new jobs and shift production of key laundry appliances from China to the U.S.
Tech Insights
Amazon has unveiled a significant investment plan, committing approximately $233 million to bolster its operations in India. Announced on Thursday, the move aims to expand the company's logistics infrastructure, enhance technological capabilities for its delivery network, and further its commitment to employee safety and well-being. The investment forms
Finance
American Express is making its biggest-ever investment in a card program, signaling a bold move to court younger, high-income customers. On June 16, the company revealed it will be significantly enhancing its Platinum card later this summer or early fall—a move that reflects a calculated strategy to lock in
Automotive
General Motors (GM) announced on Tuesday a $4 billion investment across three U.S. manufacturing plants to increase production of both gas-powered and electric vehicles. The move comes as former President Donald Trump’s proposed 25% tariff on imported vehicles threatens to reshape the economics of the American auto market.
Cloud Computing
In a bold move that underscores the escalating arms race for data infrastructure among tech giants, Amazon announced Monday that it will invest $20 billion into two massive data center complexes in Pennsylvania. One of the centers will be built adjacent to the Susquehanna nuclear power plant in the northeastern
Artificial Intelligence (AI)
Amazon is making a significant move in the artificial intelligence arms race, announcing plans to invest $10 billion in new data centers in North Carolina. The investment is aimed at expanding the company's cloud and AI infrastructure, reflecting its deep commitment to staying at the forefront of generative
Energy
Viper Energy is fortifying its position as a major player in the U.S. mineral and royalties market with a $4.1 billion all-stock acquisition of Sitio Royalties, a move that significantly expands its holdings in the Permian Basin and beyond. Announced on June 3, the deal includes the assumption
Cloud Computing
Amazon is deepening its commitment to Latin America by investing more than $4 billion to build a dedicated Amazon Web Services (AWS) region in Chile. The tech giant announced on Wednesday that the new infrastructure, set to be completed by the end of 2026, will include three availability zones — clusters
Pharmaceutical
Merck is making a $1 billion bet on American manufacturing with plans to build a major production facility in Wilmington, Delaware. The 470,000-square-foot site will be dedicated to producing Keytruda, Merck’s blockbuster cancer immunotherapy drug, for U.S. patients. This marks the company’s first domestic site devoted
Manufacturing
IBM announced a sweeping $150 billion investment plan in the United States over the next five years, a bold move aimed at strengthening American leadership in advanced computing, manufacturing, and artificial intelligence. As part of the commitment, IBM will allocate over $30 billion specifically to expand domestic manufacturing of its
Artificial Intelligence (AI)
OpenAI is in advanced discussions to acquire Windsurf, an AI-assisted coding tool formerly known as Codeium, for approximately $3 billion, according to a person familiar with the matter. If completed, the acquisition would mark OpenAI’s largest deal to date and a major strategic move in the competitive landscape of
Pharmaceutical
In a bold move signaling its deepening commitment to the U.S. market, Swiss pharmaceutical giant Novartis announced plans to invest $23 billion over the next five years to dramatically expand its American footprint. The investment includes the construction of six new manufacturing facilities, expansion of three existing ones, and