Pulse 2.0 - Business news, profiles, and deal flow coverage

Kalshi Raises $1 Billion Series G At $40 Billion Valuation For Prediction Market Platform

DoorDash To Acquire Instacart For $17 Billion

Lockheed Martin Secures $118.9 Million Across Army, Navy, And Space Force Awards, Including $4.7 Billion Satellite Contract

Detyens Shipyards Awarded $20.5 Million Contract For USNS Leroy Grumman Overhaul And Drydocking

TPG Raises $10.4 Billion Across Rise Climate II, Global South Initiative, And Affiliated Vehicles

Benaka Awarded $16.8 Million Contract To Build F-16 Mission Training Center In New Jersey

By Amit Chowdhry ● Today at 12:05 AM

Benaka has been awarded a $16.8 million firm-fixed-price contract for construction of an F-16 mission training center facility in Egg Harbor Township, New Jersey.

Willdan Completes $285 Million Acquisition Of Mantis Innovation

By Amit Chowdhry ● Today at 12:05 AM

Willdan Group has completed its previously announced $285 million cash acquisition of Mantis Innovation, expanding its energy and infrastructure capabilities across commercial and industrial markets.

Ohio State Opens Over $20 Million Semiconductor Research And Prototyping Expansion

By Amit Chowdhry ● Today at 12:04 AM

The Ohio State University has opened a more than $20 million expansion of its semiconductor research and development infrastructure aimed at accelerating the transition of emerging technologies from university laboratories into defense and commercial manufacturing.

Opto Investments Appoints Justin Mills And Rachel Hallock To Expand Private Markets Technology Platform

By Amit Chowdhry ● Today at 12:04 AM

Opto Investments has appointed Justin Mills as Principal Product Manager and Rachel Hallock as Head of Design as the private markets technology company continues expanding tools for wealth managers, family offices, and institutional investors.

Raymond James Onboards $700 Million Firm Longwater Haffey Group

By Amit Chowdhry ● Today at 12:04 AM

Raymond James has added financial advisors Lance Longwater and Christopher “Ryan” Haffey to Raymond James & Associates, the firm’s employee advisor channel, bringing a team that previously managed approximately $700 million in client assets at Truist Investment Services.

Advisor360° Appoints Hrishi Dixit And Russ Hughey To Strengthen AI Innovation And Customer Success Leadership

By Amit Chowdhry ● Today at 12:04 AM

Advisor360° has appointed Hrishi Dixit as Chief Technology Officer, Agentic Innovation, and Russ Hughey as Vice President, Customer Success, strengthening its leadership team as the wealth technology company increases its focus on artificial intelligence, enterprise technology, and client relationships.

University Of Denver Launches John And Sandy Miller National Academy For Free Expression And Pluralism

By Amit Chowdhry ● Today at 12:04 AM

The University of Denver has launched the John and Sandy Miller National Academy for Free Expression and Pluralism, a new national institution focused on advancing free expression, constructive engagement, and pluralism in higher education and broader society.

UC San Diego Launches Center For Principled Agentic Intelligence With $1.25 Million In Support And Computing Resources

By Amit Chowdhry ● Today at 12:04 AM

UC San Diego has launched the Center for Principled Agentic Intelligence, a new interdisciplinary research center focused on AI alignment, human oversight, accountability, and independent evaluation of increasingly autonomous artificial intelligence systems.

Dispatch Names Patrick Dunne As Head Of Wealth And Asset Management

By Amit Chowdhry ● Today at 12:04 AM

Dispatch has appointed Patrick Dunne as Head of Wealth and Asset Management, adding more than 25 years of experience across wealth management, financial services, operations, and technology as the company expands its data infrastructure platform.

Penn Medicine: John And Rosanna Troiano Launch $35 Million Brain Tumor Initiative

By Amit Chowdhry ● Today at 12:04 AM

John Gabriele Troiano and Rosanna Troiano have made a foundational gift to establish the Troiano Brain Tumor Center at Penn Medicine, launching a $35 million initiative focused on accelerating brain tumor research, clinical trials, and patient care.

Caltech: $27.5 Million Gift From Foster And Coco Stanback Expands Aerospace Research At Caltech And JPL

By Amit Chowdhry ● Today at 12:04 AM

Caltech and the Jet Propulsion Laboratory will expand aerospace research, training, and technology development through two gifts totaling $27.5 million from philanthropists Foster and Coco Stanback.

Apella Wealth Adds $332 Million Firm Kilner Capital Advisors

By Amit Chowdhry ● Today at 12:04 AM

Apella Wealth has added Kilner Capital Advisors, a Gaithersburg, Maryland-based wealth management firm with approximately $332 million in assets under management, expanding Apella’s presence in the Mid-Atlantic region.

Strategic Value Partners Invests In NewEdge Power And Launches Joint Venture Targeting Up To 1.2 GW Of Capacity

By Amit Chowdhry ● Today at 12:03 AM

Strategic Value Partners has made an initial capital commitment to NewEdge Power and formed a joint venture that will launch with a seed portfolio targeting up to 1.2 GW of utility-scale power capacity in the PJM market.

HappyCo Acquires Banner Technologies To Connect Maintenance, CapEx, And Procurement For Multifamily Housing

By Amit Chowdhry ● Today at 12:03 AM

HappyCo has acquired Banner Technologies, bringing together property maintenance, capital expenditure management, and procurement capabilities as the property operations technology company expands its platform for multifamily and commercial real estate owners and operators.

OPC Energy Subsidiary CPV Secures $825 Million Financing For Shore And Maryland Power Plants

By Amit Chowdhry ● Today at 12:02 AM

OPC Energy's U.S. subsidiary CPV has secured an $825 million financing package for its Shore and Maryland natural gas power plants, consolidating existing project debt while reducing borrowing costs and supporting a $130 million distribution to CPV Group.

CMC Group And Asterion To Acquire Mobico In Deal With Approximately £2.32 Billion Enterprise Value

By Amit Chowdhry ● Today at 12:00 AM

CMC Group and Asterion Industrial Partners have agreed to acquire Mobico Group through Leita Mobility in a recommended cash transaction carrying an implied enterprise value of approximately £2.32 billion.

Vistra Completes Cogentrix Energy Acquisition, Adding 5,496 MW Across 10 Natural Gas Plants

By Amit Chowdhry ● Yesterday at 11:59 PM

Vistra has completed its acquisition of Cogentrix Energy from funds managed by Quantum Capital Group, adding 10 natural gas generation facilities with a combined 5,496 megawatts of capacity.

Lepage Millwork To Acquire Fenêtres MQ From Andersen

By Amit Chowdhry ● Yesterday at 11:58 PM

Lepage Millwork has agreed to acquire Fenêtres MQ from Andersen, bringing the custom luxury window and door business under the ownership of a family-owned Canadian manufacturer focused on high-end architectural products. The companies are targeting a December 2026 closing.

Pelthos Therapeutics To Merge With Castle Creek Biosciences In Deal Featuring Up To $300 Million In Milestone Payments

By Amit Chowdhry ● Yesterday at 11:57 PM

Pelthos Therapeutics has entered into a definitive agreement to combine with Castle Creek Biosciences, creating a biotechnology company focused on serious diseases affecting the skin and bringing together commercial-stage dermatology products with late-stage cell and gene therapy technology.

Mondelēz International Makes Majority Investment In Undercover Snacks

By Amit Chowdhry ● Yesterday at 11:56 PM

Mondelēz International has made a majority investment in Undercover Snacks, the better-for-you snack company known for chocolate-covered and frosted quinoa crisps.

AIG To Acquire Everest Chile And Completes Acquisition Of Everest Colombia

By Amit Chowdhry ● Yesterday at 11:56 PM

American International Group has entered into a definitive agreement to acquire Everest’s insurance operations in Chile while completing its previously announced acquisition of Everest Colombia.

Arch Insurance North America To Acquire Premier Dealer Services

By Amit Chowdhry ● Yesterday at 11:55 PM

Arch Insurance North America has entered into an agreement to acquire Premier Dealer Holding and its subsidiaries, including Premier Dealer Services, expanding Arch’s position in the automotive finance and insurance market.

Latham & Watkins Adds Jason Raeburn As London Partner To Expand AI, Copyright, And Data Disputes Practice

By Amit Chowdhry ● Yesterday at 11:54 PM

Latham & Watkins has added Jason Raeburn as a partner in its London Litigation & Trial Department, expanding the firm’s capabilities across artificial intelligence, copyright, privacy, intellectual property, and technology disputes.

Simpson Thacher Expands Chicago Office With Four Partner Additions And Adds James Beebe In New York

By Amit Chowdhry ● Yesterday at 11:53 PM

Simpson Thacher & Bartlett is expanding its newly opened Chicago office with four partner additions while also adding an executive compensation partner in New York.

Shook Appoints Jeremy Wikler And Chris Wray To Key Practice Leadership Roles

By Amit Chowdhry ● Yesterday at 11:53 PM

Shook, Hardy & Bacon has appointed Jeremy Wikler as co-chair of its Complex Litigation & Strategic Counseling practice and Chris Wray as chair of its Government Investigations & White Collar practice.

University Of Toronto Receives $30 Million Irving Gift, Creating $60 Million Graduate Education Initiative With Matching Funds

By Amit Chowdhry ● Yesterday at 11:51 PM

The University of Toronto has received a $30 million gift from Sandra Irving, Sarah Irving, and the Arthur and Sandra Irving Foundation to establish two graduate education programs, with university matching funds bringing the initiative’s total value to $60 million.

SMU Receives $5 Million Gift From Brian And Kristen Tyler For Economics, Fine Arts, And Athletics

By Amit Chowdhry ● Yesterday at 11:51 PM

SMU has received a $5 million gift from Brian S. Tyler and Kristen M. Tyler to establish three endowed funds supporting economics, fine arts, and student-athletes.

Casap Raises $56 Million Series B To Expand Agentic AI Platform For Financial Services

By Amit Chowdhry ● Yesterday at 11:35 PM

Casap has raised a $56 million Series B funding round led by Base10 Partners to expand its agentic AI platform for financial institutions and automate additional high-stakes workflows across fraud, disputes, collections, claims, and operational exceptions.

Empresas Polar Acquires Ricos Products To Expand U.S. Food And Snack Portfolio

By Amit Chowdhry ● Yesterday at 11:34 PM

Empresas Polar has acquired Ricos Products through its Alimentos Polar International subsidiary, adding the San Antonio-based originator of concession nachos to its growing U.S. food and beverage portfolio.

Smart Chemical Solutions Acquires Polymer Technologies With Support From Gladstone Investment And Xyresic Capital

By Amit Chowdhry ● Yesterday at 11:33 PM

Smart Chemical Solutions has acquired Polymer Technologies with support from Gladstone Investment Corporation and Xyresic Capital, expanding its specialty chemical offering into polymer-gel well intervention and water conformance services for oil and gas operators.