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Pershing Square Sohn Cancer Research Alliance Doubles Funding Commitment, Awarding 13 Innovators In Cancer Research

By Amit Chowdhry ● May 6, 2026

The Pershing Square Sohn Cancer Research Alliance, a program of The Pershing Square Foundation, has announced 13 winners of the 2026 Pershing Square Sohn Cancer Prize, marking a transformative expansion of the program from a regional initiative into a national platform supporting the next generation of cancer researchers.

Bogart Wealth Adds Bryce Black As Director Of Corporate Development To Support Expanding M&A Strategy

By Amit Chowdhry ● May 6, 2026

Bogart Wealth, an independent, fee-only Registered Investment Adviser, has appointed Bryce Black as Director of Corporate Development. The role is new and is designed to institutionalize the firm's mergers and acquisitions strategy as it pursues selective partnerships with RIAs serving Fortune 500 executives, professionals, and employee communities.

OnePoint BFG Surpasses $16 Billion In AUM And Appoints Sam Cari As Chief Strategy Officer

By Amit Chowdhry ● May 6, 2026

OnePoint BFG Wealth Partners has appointed Sam Cari as Chief Strategy Officer as the firm surpasses $16 billion in assets under management and continues to expand its national footprint through a disciplined combination of organic growth and strategic partnerships.

Lido Advisors Appoints Brian Haloossim As President To Drive Next Chapter Of Growth

By Amit Chowdhry ● May 6, 2026

Lido Advisors, a nationally recognized wealth advisory firm with over $42.5 billion in regulatory assets under management, has announced the appointment of Brian Haloossim as President and the elevation of founding partner Ken Stern to Co-Chief Executive Officer, strengthening the leadership team of one of the nation's fastest-growing independent wealth management firms.

Raymond James Unveils New AI Capabilities And Technology Enhancements To Elevate Advisor And Client Experience

By Amit Chowdhry ● May 6, 2026

Raymond James is showcasing new artificial intelligence capabilities and technology enhancements at Elevate, its national conference for independent financial advisors, reflecting the firm's commitment to delivering advisor-first technology designed to support service and enhance the client experience across all affiliations.

UBS Appoints Jeremy Autry As Market Director In The Manhattan Market

By Amit Chowdhry ● May 6, 2026

UBS has announced that Jeremy Autry has joined the firm as a Market Director in the Manhattan Market, based at UBS's 1285 Avenue of the Americas location and reporting to Manhattan Market Executive Kellie Brady.

Wealthspire To Acquire Fi3 Advisors, Deepening Indianapolis Presence And Family Office Capabilities

By Amit Chowdhry ● May 6, 2026

Wealthspire, an independent wealth management, institutional advisory, and business management firm, has announced an agreement to acquire Fi3 Advisors, an Indianapolis-based boutique advisory firm with approximately $1.2 billion in assets under management.

Citizens Expands Leadership Across Wealth And Private Bank To Enhance Client Experience

By Amit Chowdhry ● May 6, 2026

Citizens has announced the addition of two strategic hires — Joe Roberts as Head of Family Office Solutions within Citizens Wealth, and Adam Devlin as Head of Platform Transformation across Citizens Private Bank and Citizens Wealth — underscoring the firm's continued investment in serving high- and ultra-high-net-worth clients.

Spring Labs: $5 Million Raised For AI-Native Compliance Platform For Financial Institutions

By Amit Chowdhry ● May 6, 2026

Spring Labs announced it raised $5 million in funding led by BankTech Ventures and Haymaker Ventures to expand its AI-native compliance and operations platform for financial institutions. The company said the funding will support growth beyond AI complaint and dispute agents into a broader compliance workflow and agent orchestration platform for banks, sponsor banks, and fintechs.

Celadyne Technologies: $250,000 UT Seed Fund Investment To Scale Hydrogen Fuel Cell Technology

By Amit Chowdhry ● May 6, 2026

Celadyne Technologies, a startup launched out of The University of Texas at Austin’s Cockrell School of Engineering, received a $250,000 investment from the UT Seed Fund to advance hydrogen fuel cell and electrolyzer technologies for defense, industrial, and transportation applications.

Elastics: $2 Million Raised For AI Agents For Prediction Markets

By Amit Chowdhry ● May 6, 2026

Elastics, an AI-native operating system for prediction markets, announced it has raised $2 million in an oversubscribed pre-seed funding round led by Frst. The round also included angel investors from across the AI and crypto sectors, including the co-founders of ElevenLabs, partners from XBTO, an Andreessen Horowitz scout, and a RedStone co-founder.

Donaldson Company: Acquisition Of Facet Filtration Expands Aerospace And Defense Exposure

By Amit Chowdhry ● May 6, 2026

Donaldson Company announced it has completed its previously announced acquisition of Facet Filtration, a company specializing in mission-critical fuel and fluid filtration solutions for aviation and industrial applications.

ElevenLabs: $500 Million ARR Reached As AI Voice Platform Adds BlackRock, NVIDIA, And Jamie Foxx As Investors

By Amit Chowdhry ● May 6, 2026

ElevenLabs announced that it has added a new group of investors to its third close of its Series D fundraising round, including institutional firms such as BlackRock, Wellington Management, NVIDIA through NVentures, Santander, D. E. Shaw & Co., and Schroders. The company also welcomed investments from entertainment figures including Jamie Foxx, Eva Longoria, Hwang Dong-hyuk, and existing investor Matthew McConaughey.

Merck Completes $5.8 Billion Acquisition Of Terns Pharmaceuticals To Bolster CML Pipeline

By Amit Chowdhry ● May 6, 2026

Merck has completed its acquisition of Terns Pharmaceuticals, adding TERN-701, a novel investigational oral treatment for chronic myeloid leukemia, to its oncology pipeline in a deal that will result in a charge to research and development expense of approximately $5.8 billion, or approximately $2.35 per share, reflected in both second quarter and full-year 2026 results.

Snap-on Acquires Hi-Force Hydraulic Tools To Expand Torque Offerings Across Critical Industries

By Amit Chowdhry ● May 6, 2026

Snap-on Incorporated has acquired Hi-Force Group Holdings Ltd., a Daventry, United Kingdom-based designer and manufacturer of high-pressure hydraulic tools, heavy lifting systems, and torque and tensioning equipment, for approximately $58 million in cash, with the deal closing on April 30, 2026.

AlphaDrive Launches $100 Million Cyber And AI Venture Fund With Leumi Partners As Anchor Investor

By Amit Chowdhry ● May 6, 2026

Veteran investors Yaron Elad and Elik Etzion have launched AlphaDrive, a $100 million venture fund targeting the intersection of cybersecurity and artificial intelligence, bringing aboard Leumi Partners as an anchor investor alongside family offices, cybersecurity entrepreneurs, and institutional backers from the United States and Europe.

RTI International Invests In Navidence To Standardize Disease And Treatment Definitions In Clinical Research

By Amit Chowdhry ● May 6, 2026

Independent scientific research institute RTI International has announced a partnership and strategic equity investment in Navidence, an AI-native technology company working to standardize how diseases, treatments, and outcomes are defined across clinical research and real-world evidence generation.

Wealth Enhancement Acquires $318 Million Firm Lake Tahoe Wealth Management

By Amit Chowdhry ● May 6, 2026

Wealth Enhancement announced the acquisition of Lake Tahoe Wealth Management, an independent registered investment advisor managing more than $318 million in client assets. The transaction increases Wealth Enhancement’s total client advisory, trust, and brokerage assets to more than $148.1 billion.

Steward Partners Buys $450 Million Firm Jazz Wealth

By Amit Chowdhry ● May 6, 2026

Steward Partners announced the acquisition of Jazz Wealth, a Tampa Bay-area wealth management firm overseeing approximately $450 million in client assets, further strengthening Steward Partners’ footprint across Florida’s Gulf Coast and the broader Southeast region.

OpenVC And NYSE Launch Crossover Index Tracking Top 500 Public And Private U.S. Companies

By Amit Chowdhry ● May 6, 2026

OpenVC and Intercontinental Exchange have launched the NYSE OpenVC 500 Index, a first-of-its-kind benchmark tracking the 500 largest U.S. companies by value regardless of whether they are publicly listed or venture capital-backed. The index combines constituents from the NYSE U.S. 500 Index and the NYSE OPEN Venture Capital Unicorn Index, which tracks venture-backed private companies valued above $1 billion.

FastSpring Secures Strategic Investment From LLR Partners To Accelerate Global Commerce Growth

By Amit Chowdhry ● May 6, 2026

FastSpring, an all-in-one digital commerce platform serving AI, SaaS, gaming, software, and digital product companies, has secured a strategic investment from LLR Partners. The investment joins existing backer Accel-KKR in supporting FastSpring's continued growth and product development.

Atlantic Packaging Launches New Earth Ventures To Back Next Generation Of Packaging And Supply Chain Technology

By Amit Chowdhry ● May 6, 2026

Atlantic Packaging, the largest privately held industrial packaging company in North America, has launched New Earth Ventures, a dedicated innovation and investment arm focused on building technology-forward packaging and supply chain solutions. The announcement was made by Wes Carter, President of Atlantic Packaging and General Partner of New Earth Ventures.

Bose: Lifestyle Collection Launch Includes Smart Speaker, Soundbar, And Subwoofer

By Amit Chowdhry ● May 6, 2026

Bose unveiled the Lifestyle Collection, a new home audio lineup featuring the Bose Lifestyle Ultra Speaker, Bose Lifestyle Ultra Soundbar, and Bose Lifestyle Ultra Subwoofer. The company said the collection is designed to deliver high-quality audio experiences with flexible multiroom configurations and simplified setup capabilities.

Cambridge Financial Group: $80.9 Million Merger Agreement With First Seacoast Bancorp

By Amit Chowdhry ● May 6, 2026

Cambridge Financial Group, the mutual holding company of Cambridge Savings Bank, and First Seacoast Bancorp, the holding company of First Seacoast Bank, announced they have entered into a definitive merger agreement under which First Seacoast Bancorp will merge with Cambridge Financial, while First Seacoast Bank will merge with Cambridge Savings Bank.

IREN: $625 Million Acquisition Of Mirantis To Expand AI Cloud Capabilities

By Amit Chowdhry ● May 6, 2026

IREN announced it has signed a definitive agreement to acquire Mirantis, a provider of cloud infrastructure, Kubernetes-based orchestration, and enterprise support services, for approximately $625 million. The consideration for the acquisition will be paid in IREN ordinary shares.

Genco Shipping & Trading Reviewing Diana Shipping’s $23.50 Per Share Tender Offer

By Amit Chowdhry ● May 6, 2026

Genco Shipping & Trading announced it is reviewing an unsolicited tender offer from Diana Shipping to acquire all outstanding shares of Genco not already owned by Diana for $23.50 per share in cash.

Assertio: Amended Merger Agreement Raises Garda Therapeutics Offer To $21.80 Per Share

By Amit Chowdhry ● May 6, 2026

Assertio Holdings announced that it entered into an amended and restated merger agreement with Garda Therapeutics under which Garda increased its offer to acquire all outstanding shares of Assertio to $21.80 per share in cash, with no contingent value right included in the revised transaction.

SAP: Acquisition Of Dremio To Expand AI Data Integration And Lakehouse Capabilities

By Amit Chowdhry ● May 6, 2026

SAP announced it has agreed to acquire Dremio, an open high-performance data lakehouse platform designed to accelerate agentic AI and expand SAP Business Data Cloud’s ability to combine SAP and non-SAP data for analytical and AI workloads in real time. Financial terms of the transaction were not disclosed.

Hubbell: $3 Billion Acquisition Of NSI Industries To Expand Electrical Solutions Portfolio

By Amit Chowdhry ● May 6, 2026

Hubbell announced it has entered into a definitive agreement to acquire NSI Industries, a provider of electrical fittings, connectors, components, and wire management products, for $3 billion in cash. The transaction is expected to strengthen Hubbell’s Electrical Solutions portfolio and expand its presence across industrial, infrastructure, and commercial end markets.

J.P. Morgan Expanding Private Capital Advisory & Solutions Team With Will Boyle Hire

By Amit Chowdhry ● May 6, 2026

J.P. Morgan is expanding its Private Capital Advisory & Solutions (PCAS) team with the addition of Will Boyle as Global Head of Secondary Advisory, according to a LinkedIn post from Keith Canton, Managing Director at J.P. Morgan.