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Robinhood Slashes IPO Size for New Private Markets Fund
Robinhood Markets has significantly reduced the size of its first private-markets fund IPO, pricing 12.6 million shares at $25 each. The move comes as the trading platform broadens its offerings to target wealthier clients.
Tango Therapeutics Soars on Erasca Partnership and Q4 Update
Tango Therapeutics shares jumped 36% following news of a strategic partnership with Erasca to develop vopimetostat for pancreatic and lung cancers, alongside its fourth-quarter financial update.
Kenvue Grants Executive Stock Awards Amid $40B Kimberly-Clark Acquisition Wait
Kenvue has issued new restricted stock unit awards to top executives, including North America head Carlos De Jesus and General Counsel Matthew Orlando, while awaiting regulatory approval for its $40 billion acquisition by Kimberly-Clark.
Vale Clarifies No Base Metals IPO Plans After Regulator Inquiry
Vale stated it has not conducted studies or made a management decision regarding a share offering for its base metals unit, following regulatory inquiries. The clarification comes after CEO Shaun Usmar's remarks about aiming to be 'IPO-ready' by mid-year.
Nu Holdings Secures Inter Miami Stadium Naming Rights in U.S. Expansion Drive
Nu Holdings Ltd. has acquired naming rights for Inter Miami CF's new 26,700-seat stadium, now called Nu Stadium, as the Brazilian fintech seeks to expand its U.S. presence. The multiyear deal includes jersey branding starting in August.
MARA Stock Slides Amid Bitcoin Retreat, AI Transition Costs Scrutinized
MARA Holdings shares declined 5.4% in premarket trading Friday as Bitcoin retreated toward $70,000, intensifying focus on the company's capital needs for its strategic shift into artificial intelligence and high-performance computing infrastructure.
Tesla's UK Market Share Slips as BYD Gains Ground
Tesla's UK registrations dropped sharply in February, down 37.1% to 2,422 vehicles, even as the broader new-car market grew. BYD's registrations soared 83% to 2,154, nearly matching Tesla's volume.
Wall Street Outperforms Global Markets Amid Iran Conflict, Oil Surge
U.S. equity futures edged lower Friday as geopolitical tensions with Iran fueled oil prices and inflation concerns, though Wall Street is set to outperform global peers this week. The Nasdaq remains on track for a modest weekly advance.
Denison Mines Approves Construction of Phoenix ISR Uranium Mine, Targets 2028 Production
Denison Mines Corp. has received board approval to commence construction of the Phoenix in-situ recovery uranium mine in Saskatchewan, with site preparation scheduled to begin in March 2026. The company targets first production by mid-2028 at an estimated capital cost of C$600 million.
Bradesco Consolidates Health Assets into $52B Bradsaúde Ahead of March Vote
Banco Bradesco will combine its health and dental assets into a new publicly traded entity named Bradsaúde, targeting R$52 billion in 2025 revenue. The proposal requires shareholder approval on March 31.
Trade Desk Soars on OpenAI Partnership Talks, CEO's Major Stock Purchase
The Trade Desk shares jumped 18% early Friday amid reports of early-stage talks with OpenAI about advertising collaboration. CEO Jeff Green purchased $148.1 million in company stock this week.
Ondas Secures $20M Border Drone Contract, Adds McKinsey Veteran to Board
Ondas Holdings announced a $20 million initial order for its Airobotics unit to begin work on a national autonomous border-security program. The company also appointed McKinsey senior partner David Chinn to its Ondas Autonomous Systems board.