Novo Nordisk has made a superior bid of up to $10 billion for obesity biotech Metsera, topping Pfizer’s revised $8.1 billion offer. Pfizer is fighting back with multiple lawsuits, calling the Danish drugmaker’s unsolicited bid anticompetitive in a rare industry showdown.
Swedish startup DREV has raised €2.8 million to tackle the dangerous “black dust” problem in battery gigafactories. Their technology captures hazardous particles while recovering valuable metals like nickel and cobalt. The funding comes as Europe ramps up battery manufacturing regulations.
Jared Isaacman, who has flown to orbit twice on SpaceX missions, is getting a second chance at leading NASA. The billionaire has recently donated over $1 million to pro-Trump causes. If confirmed, he’ll take over a downsized space agency facing budget cuts.
Michael Burry’s Scion Asset Management purchased bearish put options on 1 million Nvidia shares and 5 million Palantir shares. The investor sees dangerous parallels between the current AI boom and previous market bubbles.
Sweden’s AI ecosystem is exploding with funding, more than tripling to €454 million across 28 deals so far this year. The surge is driven by multiple massive rounds from companies like Lovable and Legora, showing Europe can compete in the global AI race.
Volkswagen is taking control of its tech destiny in China by developing custom AI chips. The German automaker is investing heavily to compete in a market where Chinese EV makers now dominate. This $200 million chip development signals a major strategic shift.
OpenAI has removed the invite requirement for its Sora video app and expanded availability to Android users. The app uses the new Sora 2 AI engine and features social media-style discovery. For now, anyone can try it without restrictions.
Goldman Sachs CEO David Solomon isn’t buying the AI jobs apocalypse narrative. He says while there will be disruption, the economy is nimble and humans will adapt by creating new businesses and jobs, just like they have for centuries.
Nestlé is upgrading its aging SAP ERP system to set the stage for AI and automation capabilities. The move comes as the company plans to eliminate 16,000 jobs over the next two years, with most cuts hitting corporate roles.
Public CEO feuds were once considered corporate suicide. Now, research suggests they might actually boost leaders’ appeal in competitive environments. But the strategy comes with billion-dollar risks, as Musk’s $138 billion Tesla valuation drop shows.
