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Phio Pharmaceuticals reported a third-quarter 2026 net loss of $4.2 million, compared with $2.4 million in the prior-year period, as the clinical-stage biotechnology company increased research and development spending to advance PH-762 toward a planned Phase 2b clinical study. The company ended September with approximately $10.6 million in cash and cash equivalents, compared with $21 million at the end of 2025.

Berkshire Hathaway reported third-quarter 2026 revenue of $105.6 billion, an increase of approximately 11.2% from $95 billion in the prior-year period, while net earnings attributable to shareholders declined to $22.1 billion from $30.8 billion. The diversified conglomerate also reported $352.3 billion in cash, cash equivalents, and U.S. Treasury bills, net of related unsettled purchases, across its insurance and other businesses at September 30, 2026.

Neobe Therapeutics, a UK-based biotechnology company developing engineered bacteria designed to improve the effectiveness of cancer treatments, has raised $6.8 million (£5 million) in seed funding. The investment will support development of its lead therapeutic program, NEO22, with the goal of advancing the candidate through preclinical research and toward an investigational new drug filing in 2028. The financing was led by ARC Ventures, with participation from Faber, Macmillan Ventures, Proven Connect, and Empirical Ventures.

Light Frame, a Swiss financial technology company developing core banking and portfolio management software for wealth management institutions, has raised $5.1 million in an oversubscribed seed funding round. The financing will support continued development of its cloud-native platform, expansion of implementation capabilities, and growth across private banking and wealth management markets in Europe, the Middle East, and Africa. The round was led by Fortino Ventures, with participation from Sidekick Partners, Tenity, Chamaeleon, and Altair Capital.

Oyster Therapeutics, formerly known as Kesmalea Therapeutics, has raised $60 million in Series A-2 funding to advance its next-generation targeted protein degradation technology for Alzheimer’s disease and other neurodegenerative conditions. The financing will support the development of the company's lead oral tau degrader toward clinical trials while expanding its proprietary SELFTAC drug discovery platform. The round was led by 4BIO Capital, a London-based venture capital firm specializing in life sciences, with participation from new investors Eli Lilly and Company, CE Ventures, Actium Group, and TOHO Ventures, which is managed by Global Brain.

Axoft is developing ultra-soft, minimally invasive brain implants designed to capture high-resolution neural signals while more closely matching the mechanical properties of brain tissue. Its technology combines implants made with the company's proprietary Fleuron™ material with AI software that decodes neural signals into clinical insights for diagnosis and closed-loop therapies. Axoft is initially focused on disorders of consciousness, including patients who are in comas, vegetative states, or minimally conscious states, with longer-term applications potentially extending into epilepsy, movement disorders, and other neurological conditions. Pulse 2.0 interviewed Axoft Co-Founder and CEO Paul Le Floch to learn more about the company's origins, its bio-inspired implant technology, and its clinical development plans.

Kirkland & Ellis has appointed commercial litigator Russ Falconer as a partner, expanding its litigation capabilities in Texas and strengthening its ability to represent businesses in complex state and federal court disputes.

Tiger Group, a provider of asset valuation, field examination, advisory, and disposition services, has acquired MNT Consulting, a Southern California-based field examination firm specializing in commercial finance and collateral assessments. The acquisition expands Tiger Group's national field examination platform and strengthens its ability to serve asset-based lenders, banks, and other financial institutions.

Bayou Midstream II, a Houston-based energy infrastructure company backed by EIV Capital, has completed the acquisition of Argent Gas Solutions from Silver Hill Energy Partners. The transaction expands Bayou's natural gas gathering, compression, and processing capabilities in North Dakota's Bakken region and provides an established infrastructure platform for future development.

CP Group, The Georgetown Company, and ACRE, together with investment partner StepStone, have acquired Mizner Park, an 838,840-square-foot mixed-use development in downtown Boca Raton, Florida. The partnership plans a comprehensive revitalization of the 30-acre property, including improvements to its retail offerings, office facilities, residential accommodations, and public spaces.

1754 Properties and Vander Capital Partners have acquired 40 Jessie Street, a 49,560-square-foot office building in downtown San Francisco that is fully leased to Google. The transaction represents the first office acquisition for 1754 Properties and the first office investment completed jointly by the two real estate firms.

EOS Investors has acquired Hyatt Centric Faneuil Hall Boston, a 163-room hotel in downtown Boston, establishing the investment firm's first property in the city. The acquisition strengthens EOS's presence in New England and expands its portfolio of hotels in major urban markets.

Convergint, a global provider of electronic security and fire and life safety services, has acquired Wittenbach Business Systems, expanding its capabilities in financial institution security and cash automation. The acquisition adds a business with more than 50 years of banking industry experience and an established customer base across 29 states.

XKIG, a provider of critical infrastructure services for electric and natural gas utilities, has acquired HTC, an Alabama-based company specializing in vegetation management, line clearance, forestry mulching, and land preparation. The acquisition strengthens XKIG's operating presence in the Southeastern United States and expands its capacity to support utilities, municipalities, and commercial customers.

Codan has entered into a binding agreement to acquire Eventide Communications through its wholly owned subsidiary Zetron, expanding its portfolio of mission-critical communications technology. The acquisition will add recording, analytics, and operational intelligence capabilities to Zetron's command-and-control systems serving public safety and other critical infrastructure markets.

Onterris, a global environmental solutions company, has acquired EcOz Environmental Consultants, expanding its consulting capabilities and geographic presence across northern Australia. The acquisition adds an established environmental advisory business with offices in Darwin and Alice Springs in Australia's Northern Territory.

Kirkland & Ellis has appointed Matthew Conway as a partner in its executive compensation practice, expanding the firm's capabilities in advising private equity sponsors, portfolio companies, corporate executives, and public and private businesses on compensation arrangements associated with complex transactions.

Dialpad and Ada have announced an agreement to combine their businesses and develop an integrated platform for customer communications, AI agents, and enterprise workflows. The transaction brings together Dialpad's voice communications technology and Ada's autonomous customer service capabilities, creating an organization serving more than 50,000 companies.

Frazier & Deeter has acquired JamisonMoneyFarmer, a Tuscaloosa, Alabama-based certified public accounting and advisory firm, strengthening its presence across Alabama and the broader Southeastern United States. The transaction represents Frazier & Deeter's third expansion in the state in just over a year.

Paradigm Equity Partners, a Los Angeles-based private equity firm specializing in operationally focused investments, has acquired STI Fabrics, an American manufacturer of upholstery and performance fabrics. The acquisition will support manufacturing improvements, product development, and expansion into additional customer and distribution markets.

Revelyst has acquired Optimum Golf Technologies, a European distributor of golf simulation and performance technology products, expanding its direct presence in the European golf equipment market. The transaction strengthens Revelyst Golf Technology's capabilities in distribution, simulator installation, technical support, and customer service.

Phillips Medisize, a Molex company specializing in medical technology and pharmaceutical drug delivery manufacturing, has acquired the full footprint of its Chippenham facility in England. The investment strengthens its Global Inhalation Center of Excellence and provides additional capacity for developing and manufacturing inhaled drug delivery products.

SupportNinja, a provider of outsourced customer experience and business services, has acquired Aventus, a specialist in ecommerce customer support and technology operations. The acquisition expands SupportNinja's capabilities in AI-powered customer experience management and establishes a new offering under the Aventus by SupportNinja brand.

Ellipsis Health, an AI-powered healthcare company specializing in care management, has acquired Kouper Health, a developer of autonomous agents for patient navigation and clinical workflows. The transaction combines Ellipsis Health's emotionally intelligent AI Care Manager, Sage, with Kouper's electronic health record integrations and longitudinal patient information technology.

Onterris, a global environmental solutions company, has acquired Permian Basin Environmental Lab (PBELab), an environmental testing laboratory based in Midland, Texas. The transaction establishes Onterris' first physical laboratory in the Permian Basin and expands its ability to provide localized environmental analysis services to customers across Texas and New Mexico.

EVI Industries has completed the acquisition of Commercial Laundry Equipment Company, a West Palm Beach, Florida-based distributor of commercial laundry equipment and related services. The transaction strengthens EVI's presence in Florida and represents the 33rd commercial laundry business and 34th business overall to join its expanding operating platform.

Crane Company has completed its previously announced acquisition of the U.S. water pump business of Trillium Flow Technologies, a portfolio company backed by First Reserve. The transaction expands Crane's industrial manufacturing operations and adds complementary capabilities to its Process Flow Technologies business.

Marsh has acquired Triton Insurance Agency, a Newport, Rhode Island-based insurance brokerage specializing in marine and yacht coverage for high-net-worth individuals. The acquisition expands Marsh Agency's private client services business and strengthens its presence in coastal markets where specialized marine insurance expertise is important.

Protective Life Corporation has completed its acquisition of Obsidian Insurance Holdings and its affiliates from funds advised by Genstar Capital, establishing a fifth business line focused on specialty property and casualty insurance. The transaction expands Protective into the excess and surplus insurance market while diversifying its earnings and insurance operations.

Ryder has completed its acquisition of Efficiency Enterprises, a regional provider of truck rental, leasing, fleet maintenance, and material handling equipment services. The transaction adds six locations, approximately 50 technicians, and a fleet of roughly 1,200 units to Ryder's operations while expanding its presence across major East Coast transportation markets.