Oct 19 (Reuters) – Tenstorrent said on Monday it raised $1.5 billion in a late-stage funding round that valued the AI chip startup at $6.2 billion post-money, more than doubling its valuation from December 2024. Here are some more details: • The Santa Clara, California-based…
Oct 19 (Reuters) – US investment firm KKR said on Monday it will sell railcar-leasing company Infinity Transportation to peer Ares Management for about $2.9 billion. Atlanta-based Infinity Transportation is a railcar and intermodal equipment lessor that owns and manages about 50,000 railcars leased to…
Oct 19 (Reuters) – EyePoint on Monday said it would cut about 53% of its workforce and stop studies of its experimental eye drug for an age-related vision disease after it failed a second late-stage trial. Here are more details: • The trial tested EyePoint’s…
Oct 19 (Reuters) – Drug developer Veradermics said on Monday that its oral pill helped increase hair growth in men with pattern hair loss in a late-stage study. Here are more details: • The company was testing its oral minoxidil formulation, called VDPHL01, in over…
President Trump endorsed Israeli Prime Minister Benjamin Netanyahu on Friday ahead of next week’s elections. Trump hailed Netanyahu, whose party is facing a tough race, as the right partner for the US to have against Iran as he called for Israelis to flock to the…
By Gabriel Araujo SAO PAULO, Oct 19 (Reuters) – Brazil’s airline industry fears that the implementation of an impending consumption tax reform could raise fares and curb passenger growth, as the country’s tight presidential election fans uncertainty over a policy due to kick in next…
By Nichola Groom Oct 19 (Reuters) – The US Interior Department’s sale of geothermal leases in Nevada this week will include thousands of acres overlapping major planned solar projects from NextEra Energy and other developers, according to federal documents. On Tuesday, the Interior Department’s Bureau…
TRIPOLI, Oct 19 (Reuters) – At least nine members of a security agency were killed and several others wounded by a mortar blast during a training exercise in a city west of Libya’s capital Tripoli late on Sunday, a local TV channel said. The blast,…
SAO PAULO, Oct 19 (Reuters) – Brazilian Senator Flavio Bolsonaro’s lead over President Luiz Inacio Lula da Silva has narrowed ahead of an October 25 runoff, two polls showed on Monday, pointing to a close race between the right-wing lawmaker and the leftist incumbent. The…
By Olena Harmash KYIV, Oct 19 (Reuters) – Ukraine received no advance warning from its partners of a Russian ballistic missile strike overnight, President Volodymyr Zelenskiy said, after Moscow launched one of its broadest air assaults in months, cutting power to more than half a…
