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TechBullion
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Tech Maturity for the Underserved: A Veteran Technologist On Modernizing U.S. SME Infrastructure
- Small and medium enterprises struggle with outdated billing processes limiting agility.
- Ramk IT Solutions aims to modernize U.S. SME infrastructure with tailored billing platforms.
- By providing cloud-based billing solutions, the company helps SMEs adapt to evolving markets.
- The approach includes automation, predictive pricing, and strategic billing strategies for resilience.
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HinduBusinessLine
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VinFast putting in place backend support in preparation of plant’s launch
- VinFast partnered with EV charging and aftersales solutions provider RoadGrid and myTVS in India ahead of its product launch.
- The company announced the induction of the first cohort of 200 locally hired professionals at its upcoming factory in Thoothukudi, Tamil Nadu.
- The initiative aligns with the Government of Tamil Nadu's skilling programme to support agile recruitment and skill development tailored to industry needs.
- VinFast is gearing up to launch its VF 6 and VF 7 premium electric SUVs in India from a plant with a production capacity of 150,000 vehicles annually.
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TechBullion
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ARKKR LTD — U.S. Registered Quantitative Investment Company Redefining Systematic Finance
- ARKKR LTD is a U.S. registered quantitative investment company specializing in systematic finance.
- The company combines algorithmic speed with market wisdom to offer next-generation investment solutions globally.
- Guided by renowned hedge fund manager Boaz Weinstein, ARKKR aims for alpha generation with strong risk management.
- With a focus on transparency and institutional-grade strategies, ARKKR serves clients globally with a bilingual team and white-label quant tools.
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Baystreet
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Apple COO Jeff Williams Retires From Tech Giant
- Apple's COO Jeff Williams is retiring after a 27-year tenure at the company.
- Sabih Khan will take over the COO role in July 2022.
- Williams will continue to lead Apple's design team, Apple Watch, and health initiatives until his departure at year's end.
- AAPL stock has declined by 14% this year.
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Baystreet
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Pharma Giant Merck Buys Lung Therapy Firm Verona For $10 Billion
- Pharmaceutical giant Merck & Co. is acquiring British lung therapy firm Verona Pharma for $10 billion U.S. to strengthen its respiratory treatment portfolio and diversify revenue sources.
- Merck heavily relies on cancer drug Keytruda, which generated nearly $30 billion U.S. of sales in 2024 but faces patent expiries in 2028, prompting Merck to expand its drug portfolio through acquisitions like Verona Pharma.
- Merck's purchase of Verona Pharma for $10 billion U.S. is the company's largest deal since acquiring Prometheus Biosciences for $10.8 billion U.S. in 2023, marking a strategic move to broaden its chronic lung disease treatment offerings.
- The deal specifies that Merck will pay $107 U.S. per share for Verona, a 23% premium to the stock’s last closing price on the Nasdaq exchange. Verona gained recognition with its lung ailment treatment, Ohtuvayre, for patients with chronic obstructive pulmonary disease (COPD).
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Baystreet
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Amazon Founder Jeff Bezos Sells $666 Million Of Company Stock
- Amazon founder Jeff Bezos has sold nearly three million shares of the e-commerce company's stock, totaling $665.8 million U.S.
- Bezos has been unloading Amazon stock since July as part of a plan to sell up to 25 million shares through May 2026.
- Despite recent stock sales, Bezos still holds over 900 million shares of Amazon valued at close to $200 billion U.S.
- Jeff Bezos remains the largest shareholder of Amazon and serves as the company's board chairman.
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Fourweekmba
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CoreWeave’s $9B Megadeal, Texas Regulates AI, and White-Collar Job Shock
- Breaking: CoreWeave to acquire Core Scientific in $9 billion AI infrastructure megadeal.
- Texas enacts comprehensive AI law with transparency, bias mitigation, and audit provisions.
- AI-driven unemployment hits record highs for college graduates, leading to job displacement.
- Huawei defends AI models amid copycat allegations, highlighting tensions in global competition.
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Baystreet
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Mid-Week Stock Picks Include Moderna, Intel, and Albemarle
- Moderna (MRNA) might benefit from recent developments including the end of emergency response for bird flu outbreak and a lawsuit challenging vaccine recommendations by RFK Jr. which could increase Moderna's market addressability.
- Intel (INTC) saw a 7.23% increase after layoffs but may have limited upside compared to AMD and Nvidia (NVDA).
- Albemarle (ALB) closed above $70 for the first time since March, with a short interest of 15.9%. However, considering expected weakening lithium demand, selling ALB stock when it returns to the $75 - $80 level might be prudent.
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Fourweekmba
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The AI Talent Wars Visual Map
- The artificial intelligence industry is currently experiencing an intense talent war, with companies like Meta and OpenAI poaching talent from competitors like Apple and Tesla.
- Compensation packages in this talent war have reached as high as $300 million over four years, with entire teams switching allegiances and new startups emerging from the talent exodus.
- The talent movements in 2025 reflect a deeper conflict between commercial goals and research ideals, shaping the future of artificial general intelligence and determining the companies that will lead in the AI-powered future.
- OpenAI recently made strategic hires from Tesla and xAI, seen as a response to Meta's aggressive poaching efforts. Meta, on the other hand, successfully recruited a key Apple AI executive in its pursuit of building a 'superintelligence' lab.
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Moneyweb
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Trump’s Brics warning to India adds new twist to trade deal
- President Donald Trump threatened to impose new tariffs on India in response to its participation in the Brics forum, complicating New Delhi's efforts to secure a favorable trade deal with the US.
- Trump suggested India could face an additional 10% tariff along with other Brics members, criticizing the bloc as "Anti-American," just as New Delhi was close to finalizing a trade deal to reduce existing tariffs.
- India, while not publicly responding to Trump's latest threats, aims to maintain its relationship with the US by clarifying it does not support moves towards a single Brics currency and participates in local currency trade arrangements to reduce risks.
- As India prepares to assume the Brics chairmanship in 2026, it seeks to differentiate itself from other members pushing for an alternative reserve currency, banking on its strategic value and neutral currency stance to sway Washington's perception.
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Baystreet
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Daily Tariff Updates on Copper and Pharmaceuticals
- President Trump escalates trade war by targeting the copper market with threats of imposing 50% tariffs on imports, impacting semiconductor and electric vehicle markets.
- Copper futures surged over 10% following the announcement, prompting investors to consider taking profits amidst the uncertainty. Companies like Freeport-McMoran and Teck may be at risk of a downtrend.
- Pharmaceutical stocks showed resilience despite threats of higher tariffs by President Trump, with major companies like Merck, Johnson & Johnson, Novartis, and Novo Nordisk trading higher. Bristol-Myers, Pfizer, and AstraZeneca are recommended as attractive stocks due to their cheap valuations.
- Market sentiment remains relatively calm towards daily tariff threats, with expectations that any significant tariff implementation may not occur for 12-18 months, potentially influenced by future political changes. A panic-induced sell-off is deemed unlikely until detailed tariff rate agreements are signed.
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HinduBusinessLine
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India to contribute 20 % to volumes in the automotive segment over next 10 years : MediaTek
- MediaTek views India as a crucial market for its automotive portfolio and plans to contribute 20% to volumes in the automotive segment over the next 10 years.
- The company has engineers in India to cater to customer requirements and collaborates with OEMs like Volkswagen, Toyota, Honda, and Tata Motors.
- MediaTek's strategy involves providing high-end flagship products tailored to the needs of its OEM customers in India.
- India's automotive market is witnessing a rise in demand for enhanced connected vehicle features, creating growth opportunities for players like MediaTek and positioning India as a global automotive hub.
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HinduBusinessLine
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ICICI Prudential AMC files for ₹10,000 cr IPO
- ICICI Prudential AMC has filed for an IPO with an approximate size of ₹10,000 crore, with no fresh issue of shares.
- The offer includes a reservation for eligible ICICI Bank shareholders, as ICICI Prudential AMC is a joint venture between ICICI Bank and Prudential Plc.
- Post IPO, ICICI Group will have four listed entities, making ICICI Prudential AMC the sixth asset management company to list on the bourses.
- ICICI AMC reported a strong financial performance last fiscal, with a 29% increase in net profit to ₹2,651 crore and a 39% rise in revenue to ₹4,683 crore.
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Bloomberg Quint
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RBI Proposes Overhaul Of Novation Norms For OTC Derivatives
- The Reserve Bank of India has proposed draft norms for novation of OTC derivative contracts to streamline over-the-counter derivative deals.
- The proposed framework includes a clear regulatory mechanism for novation, formalisation of tripartite agreements, and exchange of mark-to-market values.
- The guidelines aim to replace existing norms from 2013, seeking public comments until August 1, to align with evolving global practices.
- This effort by RBI aims to enhance transparency, risk continuity, and operational efficiency for banks and financial institutions active in India’s derivatives market.
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Moneyweb
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More than 161 missing in Texas flood epicenter as search goes on
- More than 161 people are believed to be missing at the epicenter of catastrophic flooding in Texas, with over 100 confirmed dead and about a dozen unaccounted for in surrounding areas.
- Search efforts are ongoing in central Texas with crews facing challenges including unstable rubble piles and high waters along the Guadalupe River.
- Authorities have conducted over 850 rescues, saved 444 people, and recovered 30 bodies in the aftermath of the floods that struck before dawn on Friday.
- Pressure is mounting on local officials to explain the lack of timely alerts for evacuations, with calls for improved disaster alert systems in the region.
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