Archives

Gates Corporation To Acquire Timken’s Belts Business

By Amit Chowdhry ● May 1, 2026

Gates Industrial Corporation, a global manufacturer of power transmission and fluid power solutions listed on the NYSE under the ticker GTES, has entered into a definitive agreement to acquire the belts business from The Timken Company, including select manufacturing assets. Financial terms were not disclosed. The transaction is expected to close in the third quarter of 2026.

Prosperity Capital Advisors Unifies Five Firms Under One Brand With $4.7 Billion In Combined AUM

By Amit Chowdhry ● May 1, 2026

Prosperity Capital Advisors, an SEC-registered investment advisor dedicated to holistic wealth management, has announced the unification of five firms under the Prosperity brand: JL Smith Holistic Wealth Management, Alison Wealth Management, OneTeam Financial, Hammer Financial Group, and FSC Wealth Advisors. The combined organization represents 152 front- and back-office professionals, including 98 investment advisor representatives and $4.7 billion in assets under management.

CBL Properties Completes $97.5 Million Refinancing Of Fayette Mall In Lexington, Kentucky

By Amit Chowdhry ● May 1, 2026

CBL Properties, a publicly traded mall REIT listed on the NYSE under the ticker CBL, has completed the refinancing of Fayette Mall, a dominant super-regional enclosed mall in Lexington, Kentucky, securing a new $97.5 million, five-year non-recourse CMBS loan at a fixed interest rate of approximately 7.25%.

Datavault AI And CyberCatch Sign Binding Letter Of Intent For All-Stock Acquisition

By Amit Chowdhry ● May 1, 2026

Datavault AI, a provider of data monetization and digital engagement technologies listed on Nasdaq under the ticker DVLT, and CyberCatch Holdings, a cybersecurity company listed on the TSXV under CYBE, have entered into a binding letter of intent under which Datavault AI will acquire 100% of CyberCatch in an all-stock transaction. The implied aggregate value to CyberCatch's outstanding common shares is CAD $136.8 million. The parties have agreed to negotiate a definitive agreement during a 45-day mutual exclusivity period.

Cliffwater Appoints Sean Murray As Head Of Retirement Solutions

By Amit Chowdhry ● May 1, 2026

Cliffwater, a leading private markets interval fund manager with $44.5 billion in net assets across its platform as of March 31, 2026, has appointed Sean Murray to its distribution team as Head of Retirement Solutions.

Lightedge Acquires 3MW Tier III Data Center In Kansas City

By Amit Chowdhry ● May 1, 2026

Lightedge, a leading provider of secure hybrid cloud and colocation solutions backed by private equity firm GI Partners, has acquired a 3 megawatt, Uptime Institute Tier III certified data center in Kansas City, Missouri, expanding its footprint in one of the Midwest's most active enterprise infrastructure markets.

KKR Appoints Lauren Goodwin As Chief Investment Strategist For Global Wealth Solutions

By Amit Chowdhry ● May 1, 2026

KKR, a leading global investment firm listed on the NYSE under the ticker KKR, has appointed Lauren Goodwin as Managing Director and Chief Investment Strategist for its Global Wealth Solutions business. Goodwin, an experienced economist and portfolio strategist, will lead efforts to develop practical tools for financial advisors and adapt KKR's market insights for wirehouses, RIAs, private banks, and independent broker-dealers.

Carson Group Acquires Harbor Wealth Management To Expand Great Lakes Presence

By Amit Chowdhry ● May 1, 2026

Carson Group, a leading wealth advisory firm with over $57 billion in assets under management, has acquired Harbor Wealth Management, a Green Bay, Wisconsin-based advisory firm serving approximately $396 million in assets under management. The firm is led by Partners and Senior Wealth Advisors Eric Heus and Brent Polzin and will transition as an integrated office, rebranding as the Carson Wealth office in Green Bay.

Canterbury Capital Wealth Management Launches Canterbury Capital Insurance As Independent Insurance Affiliate

By Amit Chowdhry ● May 1, 2026

Canterbury Capital Wealth Management, an independent registered investment advisor based in Tuscaloosa, Alabama, has announced the launch of Canterbury Capital Insurance Co., a new independent insurance affiliate designed to provide clients with dedicated expertise in risk management and wealth protection.

The Entwistle Company Acquires The Hales Group To Expand Defense And Infrastructure

By Amit Chowdhry ● May 1, 2026

The Entwistle Company, a designer and manufacturer of components and machinery systems for the U.S. military, has acquired The Hales Group from its founders, Ray and Trudy Hales. Financial terms were not disclosed. The acquisition marks Entwistle's first since its ownership transition in 2020 and expands its manufacturing capacity for large-scale defense and infrastructure programs.

Fun: $72 Million Raised To Scale Global Payments Infrastructure For Internet-Native Capital Markets

By Amit Chowdhry ● May 1, 2026

Fun, a global payments infrastructure company operating in stealth since its 2022 founding, has raised $72 million in a Series A round co-led by Multicoin Capital and SignalFire. The company has built proprietary technology to become the payments backbone for platforms operating at a global scale, processing over $18 billion in transaction volume per year with a 99.999% success rate, supporting millions of users across more than 100 countries.

U.S. War Department Announces AI Agreements With Eight Leading Technology Companies For Classified Network Deployment

By Amit Chowdhry ● May 1, 2026

The U.S. War Department has entered into agreements with some of the most powerful technology companies in the world — SpaceX, OpenAI, Google, NVIDIA, Reflection, Microsoft, Amazon Web Services, and Oracle — to deploy advanced AI capabilities on the Department's classified networks at Impact Level 6 and Impact Level 7, the two highest tiers of cloud security classification used by the U.S. government. The agreements represent a significant escalation in the military's commitment to integrating frontier AI into its most sensitive operational environments, marking a shift from AI as an experimental tool to AI as a core component of national defense infrastructure.

Amazon Launches ‘Join The Chat,’ Enabling Real-Time Questions During AI-Generated Product Audio Summaries

By Amit Chowdhry ● May 1, 2026

Amazon has launched Join the Chat, a new interactive feature within its Hear the Highlights product audio summary experience, allowing customers to ask AI hosts questions via text or voice while listening to product summaries and receive real-time answers. The AI hosts pause to address each question before resuming the episode, creating a conversational dynamic that mirrors the experience of consulting a knowledgeable friend while shopping. The feature is now available to U.S. customers on both iOS and Android devices through the Amazon Shopping app.

Apple Reports Mac Mini And Mac Studio In Short Supply Due To Surging AI Developer Demand

By Amit Chowdhry ● May 1, 2026

Apple has disclosed that its Mac mini and Mac Studio computers are experiencing supply shortages that will persist for several months, driven by higher-than-expected demand from AI developers. During Apple's Q2 2026 earnings call, CEO Tim Cook explained that the primary constraint is the availability of advanced semiconductor nodes used to produce the machines' system-on-chip processors, not memory.

Zayo Completes Acquisition Of Crown Castle’s Fiber Solutions Business, Expanding Network To 224,000 Route Miles

By Amit Chowdhry ● May 1, 2026

Zayo, a leading digital infrastructure provider, has completed its acquisition of Crown Castle's Fiber Solutions business, adding approximately 90,000 metro-dense route miles and 40,000 on-net enterprise locations to its network. The transaction marks Zayo's 50th and largest acquisition to date, bringing the company's total network to 224,000 route miles across North America.

Anthropic Launches Claude Security In Public Beta For Enterprise Customers

By Amit Chowdhry ● May 1, 2026

Anthropic has launched Claude Security in public beta for Claude Enterprise customers, giving organizations a purpose-built tool to scan codebases for vulnerabilities and generate proposed fixes using Claude Opus 4.7, which the company describes as among the strongest models available for finding and patching software vulnerabilities. The tool was previously known as Claude Code Security and had been tested by hundreds of organizations during a limited research preview before today's broader rollout.

University Of Tulsa Launches Bachelor Of Science In Applied Artificial Intelligence

By Amit Chowdhry ● May 1, 2026

The College of Engineering and Computer Science at The University of Tulsa has launched a Bachelor of Science degree in applied artificial intelligence, structured as a double-major curriculum that students can add to their existing program without extending their time to graduation or accumulating additional credit hours. The move positions The University of Tulsa among a growing number of institutions racing to formalize undergraduate AI education amid surging employer demand for graduates with hands-on AI training.

Recharge Acquires Skio To Build Unified Subscription Commerce Platform Processing Over $20 Billion In GMV

By Amit Chowdhry ● May 1, 2026

Recharge, a leading subscription management platform, has announced that Skio is joining the company to build the future of subscription commerce. Together, Recharge and Skio power more than 20,000 merchants and process over $20 billion in gross merchandise volume annually.

Nebius To Buy Eigen AI For About $643 Million To Strengthen Frontier Inference Platform

By Amit Chowdhry ● May 1, 2026

Nebius, the AI cloud company listed on Nasdaq under the ticker NBIS, has announced an agreement to acquire Eigen AI, a leading inference and model optimization company, for approximately $643 million in a combination of cash and Nebius Class A shares. The transaction is expected to close in the coming weeks, subject to antitrust clearance and customary conditions.

Owens Corning Promotes Todd Fister To Executive Vice President And Chief Financial And Operating Officer

By Amit Chowdhry ● May 1, 2026

Owens Corning, a branded building products leader listed on the NYSE under the ticker OC, has promoted Todd Fister to Executive Vice President and Chief Financial and Operating Officer, effective immediately. The expanded role reflects the company's focus on operational discipline and integrated execution to accelerate organic growth, enhance margins, and strengthen its market-leading positions following its recent portfolio transformation. Owens Corning will conduct an external search for a dedicated Chief Financial Officer.

Broadridge Completes Acquisition Of CQG To Deliver Integrated Multi-Asset Trading Solutions

By Amit Chowdhry ● May 1, 2026

Broadridge Financial Solutions has completed its acquisition of CQG, a leading global provider of futures and options trading, execution management, and market connectivity. Financial terms were not disclosed. The transaction marks a significant expansion of Broadridge's trading and connectivity capabilities, adding complementary execution management, algorithmic trading, and analytics solutions to its existing order management and client connectivity platform.

Leidos Awarded $869 Million Army Contract To Accelerate Military Decision-Making Using AI

By Amit Chowdhry ● May 1, 2026

Leidos, an industry and technology leader serving government and commercial customers, has been awarded a five-year, $869 million MACRO II competitive contract by the U.S. Army. Under the contract, Leidos will design, build, and integrate secure systems using artificial intelligence, advanced networking, and modular open architecture to help warfighters make better, faster decisions across the electromagnetic spectrum and land, sea, air, space, and cyber domains.

PayPal Announces Strategic Reorganization Into Three-Business Operating Model To Accelerate Growth

By Amit Chowdhry ● May 1, 2026

PayPal Holdings, listed on Nasdaq under the ticker PYPL, has announced a strategic reorganization of its business and executive leadership team into a simplified three-business operating model: Checkout Solutions and PayPal, Consumer Financial Services and Venmo, and Payment Services and Crypto.

Wealth Access And Candescent Partner To Deliver Connected Wealth Intelligence Across Financial Institutions

By Amit Chowdhry ● May 1, 2026

Wealth Access, a Connected Intelligence Platform for banks, credit unions, and wealth management firms, has announced a strategic partnership with Candescent, a leading Intelligent Banking platform serving more than 1,300 banks and credit unions. The partnership gives financial institutions a direct path to solve the persistent problem of clients who bank with an institution for decades and still move their wealth elsewhere.

Coco Robotics Appoints Ralf Wenzel To Board Of Directors To Support Global Expansion

By Amit Chowdhry ● May 1, 2026

Coco Robotics, the world's largest urban robot delivery platform, has appointed Ralf Wenzel to its Board of Directors, effective immediately. The appointment reflects Coco's strategy of building an operationally experienced board as the company scales its autonomous fleet and expands into new cities and geographies.

Embark Appoints Russell Weaver As Chief People Officer To Drive Talent Strategy

By Amit Chowdhry ● May 1, 2026

Embark, a leading management and financial consulting firm operating in 26 U.S. markets with more than 500 employees, has appointed Russell Weaver as Chief People Officer. With more than 25 years of experience leading recruitment and talent functions across global markets, Weaver brings deep expertise in talent acquisition transformation, workforce innovation, and scaling the people infrastructure that high-growth organizations require.

Therabody Appoints Dr. Dhaval Bhanusali As First-Ever Chief Dermatologist

By Amit Chowdhry ● May 1, 2026

Therabody, the global wellness technology leader, has appointed Dr. Dhaval Bhanusali, known widely as Dr. B, as its first-ever Chief Dermatologist. A board-certified dermatologist and laser surgeon, Dr. Bhanusali will also join Therabody's Scientific Advisory Board, contributing clinical insights to inform the development of effective consumer-facing wellness and beauty technologies.

Newmark Appoints Jack Fuchs As President Of Global Asset Services And Member Of Executive Committee

By Amit Chowdhry ● May 1, 2026

Newmark Group has named Jack Fuchs as President of Global Asset Services, expanding his responsibilities to lead the firm's Investor Solutions capabilities in asset performance, operational oversight, and strategic advisory across the full real estate lifecycle.

Lumian: $3 Million Raised To Build AI-Native Amazon Agency With Specialized Agents For Brand Operations

By Amit Chowdhry ● May 1, 2026

Lumian, a San Francisco-based AI-native Amazon agency, has raised $3 million in funding backed by Flybridge, Bowery Capital, and Fika Ventures. The company has built a single workspace in which specialized AI agents run advertising, listings, inventory, content, and account health continuously, with human brand managers owning strategy and decisions.

Teva To Acquire Emalex Biosciences For Up To $900 Million To Add First-In-Class Tourette Syndrome Therapy

By Amit Chowdhry ● May 1, 2026

Teva Pharmaceuticals, a U.S. affiliate of Teva Pharmaceutical Industries listed on the NYSE and TASE under the ticker TEVA, has announced a definitive agreement to acquire Emalex Biosciences for $700 million upfront, with the possibility of up to an additional $200 million in commercial milestone payments and royalties on global net sales of ecopipam, subject to regulatory approval.