Bain Capital makes offer to Insignia Financial
[ad_1] insignia financial (ASX:IFL) has received an indicative, non-binding offer from Bain Capital to acquire all of its shares through a scheme of arrangement. The offer price is $4.00 per share, adjusted to take into account any dividends paid or…
Google and AI’s “Agent Era”
[ad_1] Google announced the release of its new AI model Gemini 2.0. This is a step toward what the company calls the “agent era” of AI. CEO Sundar Pichai described the launch as the next big step in Google’s mission…
Popular stocks: ANZ, South32, Perpetual, Downer EDI, Ventia, HMC Capital
[ad_1] ANZ appoints Nuno Matos as CEO Monday, ANZ (ASX:ANZ) announced the appointment of Nuno Matos, former head of wealth and personal banking at HSBC, as its new CEO, effective July next year. Matos replaces Shane Elliott, who is retiring…
ECB and Swiss National Bank cut interest rates
[ad_1] The European Central Bank (ECB) and Swiss National Bank (SNB) both cut their key interest rates on Thursday, with the ECB cutting rates for the fourth time in 2024, while the SNB opted for the biggest rate cut in…
Warner Bros. Discovery splits streaming and cable businesses
[ad_1] Warner Bros. Discovery (WBD) has announced a major restructuring that will split its business into two distinct divisions: Global Linear Networks and Streaming & Studios. The restructuring is expected to be completed by mid-2025. “Linear” refers to the traditional…
Downer subsidiary Spotless faces ACCC lawsuit
[ad_1] Infrastructure services company Downer EDI (ASX:Dow) announced that its subsidiary Spotless Facility Services will defend a civil action brought by the Australian Competition and Consumer Commission (ACCC). The ACCC’s allegations relate to conduct in 2019 and 2020 regarding property…
US inflation rises to 2.7%, solidifying prospects for Fed rate cut
[ad_1] The U.S. inflation rate rose to an annual rate of 2.7% in November from 2.6% in October, according to Consumer Price Index (CPI) data released Wednesday by the U.S. Bureau of Labor Statistics. The month-on-month increase was 0.3%, marking…
Immutep reports positive data in head and neck cancer clinical trial
[ad_1] Immutep (ASX:IMM) announced promising new data from the Phase IIb TACTI-003 trial presented at ESMO Immuno-Oncology Congress 2024. The trial combines the company’s lead drug candidate, efthyragimod alfa (efti), with Merck & Co.’s drug Keytruda (pembrolizumab). The target indication…
Surgical attack: Orthocel’s Lempria invades Singapore in the early morning
[ad_1] Orthocell (ASX:OCC) has launched its peripheral nerve repair product “Remplir” for the first time in Singapore. This marks an early milestone ahead of the previously planned launch in the first quarter of 2025. Remplir is made from a collagen-based…
Vinyl Group to acquire Concrete Playground in $5 million deal
[ad_1] vinyl group (ASX:VNL) has signed a binding letter of intent to acquire digital city guide company Concrete Playground Pty Ltd for $5 million in a deal consisting of $3.5 million in cash and $1.5 million in transfers. The acquisition…