TheChek News Flow

TechCrunch : AI chip startup Ricursive hits $4B valuation two months after launc

AI chip startup Ricursive hits $4B valuation two months after launch

Ricursive Intelligence, a startup building an AI system to design and automatically improve AI chips, has raised $300 million at a $4 billion valuation. The company said Monday the round was led by Lightspeed.

Ricursive says the system will be able to create its own silicon substrate layer and speed up AI chip improvements. Rinse and repeat to get to AGI, the founders say.

The Series A comes just two months since the company formally launched with a seed investment led by Sequoia. It has raised $335 million total, reports The New York Times.

Ricursive was founded by former Google researchers CEO Anna Goldie and CTO Azalia Mirhoseini. Their work on a novel reinforcement learning method for designing chip layouts, called AlphaChip, has been used in four generations of Google’s TPU chip, the startup says.

DST Global, Nvidia’s venture capital arm NVentures, Felicis Ventures, 49 Palms Ventures, and Radical AI are also investors.

Ricursive is not to be confused with the similarly named startup Recursive, reportedly founded by well-known natural language processing neural networks researcher Richard Socher. That Recursive is also in talks to raise a giant round at a $4 billion valuation, Bloomberg reported last week. And it is also working on AI systems that improve themselves.

And these two are not the only new startups working on the concept. As TechCrunch previously reported, Naveen Rao’s new AI hardware startup, named Unconventional AI, is also working on an intelligent substrate. In December it raised a $475 million seed round at a $4.5 billion valuation led by Andreessen Horowitz and Lightspeed Ventures, with participation from Lux Capital and DCVC.

TechCrunch : Google pays $68M to settle claims its voice assistant spied on user

Google pays $68M to settle claims its voice assistant spied on users

Google agreed to pay $68 million to settle claims its voice assistant illegally spied on users to, among other things, serve them advertisements, Reuters reports.

Google did not admit wrongdoing in the settlement of the class-action case, which accused the firm of “unlawful and intentional interception and recording of individuals’ confidential communications without their consent and subsequent unauthorized disclosure of those communications to third parties.” The suit further claimed that “information gleaned from these recordings was wrongly transmitted to third parties for targeted advertising and for other purposes.”

The case centered on “false accepts,” wherein Google Assistant is alleged to have activated and recorded the user’s communications even if they had not intentionally prompted it to do so with a wake word. TechCrunch reached out to Google for comment.

Americans have long suspected that their devices inappropriately spy on them. Those suspicions have led, increasingly, to claims of legal wrongdoing. In 2021, Apple agreed to pay $95 million to settle claims its voice assistant, Siri, had recorded their conversations without a prompt from users.

Google, like other tech giants, has faced other privacy-related litigation in recent years. Last year, the company agreed to pay $1.4 billion to the state of Texas to settle two lawsuits that claimed it had violated the state’s data privacy laws.

FT : ‘Humanity needs to wake up’ to dangers of AI, says Anthropic chief

‘Humanity needs to wake up’ to dangers of AI, says Anthropic chief

Dario Amodei posts 20,000-word essay detailing potentially catastrophic risks from powerful technology in years to come

(Link to essay : https://dub.sh/olNWenp )

Humanity “needs to wake up” to the potentially catastrophic risks posed by powerful AI systems in the years to come, according to Anthropic boss Dario Amodei, whose company is among those pushing the frontiers of the technology.

In a nearly 20,000-word essay, posted on Monday, Amodei sketched out the risks that could emerge if the technology develops unchecked — ranging from large-scale job losses to bioterrorism.

“Humanity is about to be handed almost unimaginable power and it is deeply unclear whether our social, political and technological systems possess the maturity to wield it,” Amodei wrote.

The essay marked a stark warning from one of the most powerful entrepreneurs in the AI industry that safeguards around AI are inadequate.

Amodei outlines the risks that could arise with the advent of what he calls “powerful AI” — systems that would be “much more capable than any Nobel Prize winner, statesman or technologist” — which he predicts is likely in the next “few years”.

Among those risks is the potential for individuals to develop biological weapons capable of killing millions or “in the worst case even destroying all life on Earth”.

“A disturbed loner [who] can perpetrate a school shooting, but probably can’t build a nuclear weapon or release a plague . . . will now be elevated to the capability level of the PhD virologist,” wrote Amodei.

He also raises the potential of AI to “go rogue and overpower humanity” or to empower authoritarians and other bad actors, leading to “a global totalitarian dictatorship”.

Amodei, whose company Anthropic is the chief rival to ChatGPT maker OpenAI, has clashed with David Sacks, President Donald Trump’s AI and crypto ‘tsar’, over the direction of US regulation.

He has also likened the administration’s plans to sell advance AI chips to China to selling nuclear weapons to North Korea.

Trump signed an executive order last month to hamper state-level efforts to regulate AI companies, and published an AI action plan last year laying out plans to accelerate US innovation.

In the essay, Amodei warned of sweeping job losses and a “concentration of economic power” and wealth in Silicon Valley as a result of AI.

“This is the trap: AI is so powerful, such a glittering prize, that it is very difficult for human civilisation to impose any restraints on it at all,” he added.

In a veiled reference to the controversy around Elon Musk’s Grok AI, Amodei wrote that “some AI companies have shown a disturbing negligence towards the sexualisation of children in today’s models, which makes me doubt that they’ll show either the inclination or the ability to address autonomy risks in future models”.

AI safety concerns such as bioweapons, autonomous weapons and malicious state actors featured prominently in public discourse in 2023, partly driven by warnings from leaders such as Amodei.

That year, the UK government organised an AI safety summit in Bletchley Park, where countries and labs agreed to work together to counter such risks. A successor meeting is due to be held in India in February.

But political decisions around AI are increasingly being driven by a desire to seize the opportunities presented by the new technology rather than mitigate its risks, according to Amodei.

“This vacillation is unfortunate, as the technology itself doesn’t care about what is fashionable, and we are considerably closer to real danger in 2026 than we were in 2023,” he wrote.

Amodei was an early employee at OpenAI but left to co-found Anthropic in 2020 after clashing with Sam Altman over OpenAI’s direction and AI guardrails.

Anthropic is in talks with groups including Microsoft and Nvidia and investors including Singaporean sovereign wealth fund GIC, Coatue and Sequoia Capital about a funding round of $25bn or more, valuing the company at $350bn.

FT : EU to announce ‘mother of all’ Indian trade deals

EU to announce ‘mother of all’ Indian trade deals

Conclusion of long-discussed pact to open markets was spurred by Donald Trump’s tariff offensive

India and the EU are set to announce on Tuesday what New Delhi has described as the “mother” of all its recent trade deals, a historic agreement intended to reduce the reliance of both parties on the US and China.

The EU said the deal, sealed during a visit to India by European Commission president Ursula von der Leyen and European Council president António Costa, would “open markets, remove barriers and strengthen critical supply chains in clean technologies, pharmaceuticals and semiconductors”.

Tariffs imposed by US President Donald Trump on goods from India and the EU have spurred them to complete negotiations that they began almost two decades ago.

The agreement, which is expected to slash tariffs on most EU exports to India, comes as “the rules-based international order is under unprecedented pressure”, Commission vice-president Kaja Kallas said last week.

“We are aiming at substantially reducing tariffs on both sides,” one European official said ahead of the announcement. Another said it would “help diversify supply chains and reduce unwanted dependencies”.

The deal will still need to be approved by the European parliament and India’s cabinet.

Indian Prime Minister Narendra Modi is trying to modernise the economy of a country notorious for its determination to defend its domestic market.

India, the world’s fastest-growing major economy, has some of the highest tariffs in the world, including levies of more than 100 per cent on important EU exports such as cars, spirits and certain meat products.

Modi’s government has recently signed trade pacts with Australia, the UK, New Zealand and the European Free Trade Association of non-EU members, but has been struggling to conclude negotiations with the US.

India’s trade minister Piyush Goyal said this month that he had completed seven trade deals with developed countries and “this one will be the mother of all”.

However, the EU has had to lower its expectations for access to the vast Indian market and the deal has few provisions on environmental and labour standards. The two sides will continue talks in those areas, according to a senior European official.

Dairy had been excluded from the agreement, Indian and EU officials said, but European officials said wine, spirits and oils were expected to be included.

India and the EU will also unveil a defence pact that Brussels hopes will tilt India away from its close ties to Russia.

For Brussels, the trade deal comes at a sensitive time. EU lawmakers recently voted to postpone ratification of a trade agreement with the Mercosur group of South American economies that has long been opposed by European farmers.

Ajay Srivastava of the Global Trade Research Initiative, a New Delhi-based think-tank, said the “free trade agreement” would be India’s “largest in both economic size and regulatory scope”.

“The FTA is being finalised at a time of rising protectionism, geopolitical fragmentation and growing use of trade as a strategic tool,” Srivastava said, adding that India would gain market access, tariff relief for labour-intensive exports and new opportunities in services.

The EU is India’s largest trading partner in goods, with bilateral trade worth about $136bn in the year to the end of March 2025, according to the Indian government. Indian services exports to the EU were worth €37bn in 2024, up from €19bn in 2019 as Indian software companies and outsourcers expand in Europe.

Madhavi Arora, chief economist at Emkay Global Financial Services in Mumbai, estimated the deal could lift India’s exports to the EU by $50bn by 2031, led by medium-tech manufactured goods.

India and the EU, which together account for nearly 2bn people, almost a quarter of the world’s population, began trade negotiations in 2007, but the talks foundered in 2013 and only restarted in 2022.

Srivastava said the EU’s landmark new carbon border adjustment mechanism could “dilute the benefits of tariff liberalisation” for India.

The CBAM tax, which came into force on January 1 and covers steel, cement and aluminium, has been a bone of contention for India. The FT has reported that the EU has refused to exempt India from it.

FT : Pinault family to offload €1.5bn Puma stake to China’s Anta Sports

Pinault family to offload €1.5bn Puma stake to China’s Anta Sports

Sale of 29% share comes as German sportswear group restructures to keep pace with rivals

France’s billionaire Pinault family has agreed a €1.5bn deal to sell its entire stake in sportswear brand Puma to Chinese group Anta Sports.

Anta will pay €35 a share for the 29.06 per cent stake in Puma held by Artemis, the investment vehicle of the Pinault family whose portfolio includes a controlling stake in luxury group Kering. Puma’s shares closed at €21.63 on Monday.

The sale, announced in a Hong Kong stock exchange filing on Tuesday, will make the Chinese company Puma’s largest shareholder. The size of the stake is below a 30 per cent threshold at which German law requires a mandatory takeover offer to be made to other shareholders.

The deal comes during a turnaround effort by the German sportswear group, which has lost ground to leaders Nike and Adidas and faces competition from fast-growing rivals such as New Balance, On and Hoka.

Puma last year pledged to cut 900 jobs by the end of 2026 as part of a restructuring aimed at returning it to growth by 2027.

Since its 2007 Hong Kong listing, Anta has built up a portfolio of foreign brands, including gaining the mainland Chinese rights to Fila and Japanese ski brand Descente.

In 2019, it led a consortium’s purchase of Amer Sports, which owns the high-end outerwear brand Arc’teryx, tennis racquet maker Wilson and baseball bat manufacturer Louisville Slugger. After relisting Amer in the US in 2024, it now has a 39 per cent stake.

Last year, Anta purchased outdoor brand Jack Wolfskin from Topgolf Callaway Brands for $290mn.

Activewear is seen as a strong growth segment in China’s consumer market where overall demand has been sluggish for years amid weaker economic momentum.

Anta, which had revenues of Rmb70.8bn ($10.1bn) in 2024, said its purchase of the Puma stake represented an important step in the company’s “execution of its ‘single-focus, multi-brand, and globalisation’ strategy”.

It added that it had a “proven and well evidenced track record in supporting multi-brand transformation, value rejuvenation, and high-quality growth across both the China and global markets”.

Anta shares rose 3 per cent on Tuesday after the announcement.

The company has been expanding its own brand in the US, where it produces basketball trainers for sponsored NBA players including Klay Thompson and Kyrie Irving.

Analysts at Jefferies this month said they were “strongly against” a deal with Puma over fears it would dilute minority stakes, given the company’s convention of conducting an equity placement after acquisitions “regardless of its balance sheet conditions”.

“Anta needs to address certain issues, such as the deteriorating health of the Anta brand in China, as well as slowing Descente, in our view. The involvement in Puma’s operations may occupy more management resources,” they wrote.

Anta said in its filing it expected the Puma stake purchase to “enhance its presence and brand recognition in the global sporting goods market, thereby strengthening its overall international competitiveness”.

Puma shares halved in value last year, hammered by multiple profit warnings over concerns around US tariffs on the Asian countries where it makes its products.

The company installed Arthur Hoeld, an Adidas veteran, to lead its turnaround efforts after ousting his predecessor in April. The turmoil fuelled speculation about a potential takeover and what the Pinault family might do with its stake.

>>> US After Hours Summary: SANM -8% following earnings; CR +2% and GGG +2% high

After Hours Summary: SANM -8% following earnings; CR +2% and GGG +2% higher on earnings; health insurance stocks under pressure

After Hours Gainers:

Companies trading higher in after hours in reaction to earnings/guidance: CR +2% (also names new CEO; also increases dividend), GGG +2%, NWBI +1.3%, WRB +1.1%

Companies trading higher in after hours in reaction to news: LUNR +2.8% (NASA selects Intuitive Machines to support tracking for Artemis II), DKL +1.6% (increases dividend), GABC +1.5% (increases dividend), ACHR +1% (filed a motion to dismiss the complaint filed by Joby Aero (JOBY)) AUTL +0.7% (subsidiary entered into a master service agreement with AGC Biologics for the manufacture and supply of lentiviral vector), AVA +0.6% (selects projects for new energy and capacity resources), POET +0.6% (CF and POET launch low-carbon fertilizer pilot), HESM +0.3% (increases distribution), PB +0.3% (authorizes new stock repurchase program of up to 5%, or approximately 4.87 million shares), CF +0.3% (CF and POET launch low-carbon fertilizer pilot), ARQQ +0.1% (entered an ATM offering agreement; may offer up to $125 mln ordinary shares), PDD +0.1% (Texas Gov. Greg Abbott has banned state employees from using products from Alibaba and Temu, according to Reuters), NFLX +0.1% (Senate antitrust chair raises concerns over Netflix--Warner Bros. (WBD) deal, WSJ reports)

After Hours Losers:

Companies trading lower in after hours in reaction to earnings/guidance: AGYS -12.8%, SANM -8%, BRO -5.8%, NUE -3.3%, ARE -0.9%

Companies trading lower in after hours in reaction to news: HUM -12.9% (HUM and other health insurance stocks trading sharply lower as Trump Administration proposes roughly flat rates for Medicare insurers next year, according to Wall Street Journal CVS -9.4% (HUM and other health insurance stocks trading sharply lower as Trump Administration proposes roughly flat rates for Medicare insurers next year, according to Wall Street Journal PUMP -8.7% (stock offering; also guidance), UNH -8.7% (HUM and other health insurance stocks trading sharply lower as Trump Administration proposes roughly flat rates for Medicare insurers next year, according to Wall Street Journal ODV -5.5% (announces $125 mln bought deal public offering of common shares), MOH -3.8% (HUM and other health insurance stocks trading sharply lower as Trump Administration proposes roughly flat rates for Medicare insurers next year, according to Wall Street Journal EFC -1.9% (stock offering), ITRG -0.9% (Q4 gold production from Florida Canyon Mine), EGO -0.6% (exploration results of multiple new high-grade zones in Canada and Greece and increases 2026 exploration investment), BABA -0.1% (Texas Gov. Greg Abbott has banned state employees from using products from Alibaba and Temu, according to Reuters)

>>> Europe : Brokers Upgrades & Downgrades - 26th of January 2026 V2(+)

>>> Up

* Avanza Raised to Buy at Kepler Cheuvreux (+)

* Bachem PT Raised to 110 Swiss francs from 78 Swiss francs at RBC
* Bankinter Raised to Buy at CaixaBank BPI; PT 15.15 euros

* Big Yellow Group Raised to Buy at Jefferies; PT 1,225 pence

* Ericsson Raised to Buy at Handelsbanken; PT 106 kronor (+)

* Hammerson Raised to Hold at Jefferies; PT 300 pence

* Hermes Raised to Buy at Jefferies; PT 2,400 euros

* Intrum Raised to Buy at ABG; PT 60 kronor

* Meta Raised to Buy at Rothschild & Co Redburn; PT $900

* Netflix Raised to Accumulate at Phillip Secs; PT $100

* Nemetschek Raised to Overweight at JPMorgan; PT 110 euros

* Neste Raised to Buy at Goldman; PT 24 euros

* Neste Raised to Overweight at Morgan Stanley; PT 25 euros

* Public Property Invest Raised to Buy at ABG; PT 28 kroner

* Puig Raised to Buy at Bestinver; PT 19 euros (+)

* Rational Raised to Buy at M.M. Warburg; PT 785 euros (+)

* Rockwool Raised to Overweight at JPMorgan; PT 250 kroner

* Schindler Raised to Buy at Citi; PT 327 Swiss francs

* Segro Raised to Buy at Jefferies; PT 850 pence

* SMG Swiss Marketplace Group Raised to Outperform at BNP Paribas

* Supermarket Income REIT Raised to Buy at Jefferies; PT 90 pence

>>> Down

* 3i Cut to Underperform at RBC; PT 3,000 pence

* Amazon Cut to Accumulate at Phillip Secs; PT $290

* Bekaert Cut to Neutral at Van Lanschot Kempen; PT 43 euros (+)

* British Land Cut to Neutral at UBS; PT 440 pence

* Carl Zeiss Meditec Cut to Market Perform at Bernstein (+)

* Computacenter Cut to Hold at Stifel; PT 3,584 pence (+)

* Glencore Cut to Hold at HSBC; PT 515 pence

* HBX Group International Cut to Neutral at CaixaBank BPI

* Heineken Cut to Neutral at Oddo BHF; PT 77 euros

* Hemnet Cut to Underperform at BNP Paribas; PT 135 kronor

* Hugo Boss Cut to Sector Perform at RBC

* Icade Cut to Sell at UBS; PT 19 euros

* Judges Scientific Cut to Underperform at Jefferies

* JM Cut to Hold at ABG; PT 150 kronor

* Kion Cut to Underperform at Jefferies; PT 51 euros

* Kone Cut to Neutral at Citi; PT 66 euros
* Melia Hotels Cut to Neutral at CaixaBank BPI; PT 9.30 euros

* Norsk Hydro Cut to Sell at SB1 Markets; PT 75 kroner

* OMV Cut to Sell at Goldman; PT 44 euros

* Sandvik Cut to Hold at Jefferies; PT 290 kronor

* Shell Cut to Sector Perform at RBC; PT 3,200 pence

* SKF Cut to Underperform at Jefferies; PT 205 kronor

* Vale ADRs Cut to Neutral at Genial Investimentos; PT $17

* Zurich Airport Cut to Neutral at JPMorgan; PT 260 Swiss francs

>>> Initiation

* AEVIS VICTORIA Rated New Buy at Octavian; PT 17.30 Swiss francs

* Bravida Reinstated Buy at Handelsbanken; PT 105 kronor (+)

* Bruton Rated New Buy at Fearnley; PT 59 kroner (+)

* Compass Rated New Overweight at JPMorgan; PT $15

* Exosens SAS Rated New Buy at Marex; PT 63 euros (+)

* Greencore Group Rated New Buy at Berenberg; PT 351 pence

* HDD GR Rated New Buy at Dr. Kalliwoda Equity Research

* Piu' Medical Rated New Buy at TP ICAP Midcap; PT 8.20 euros (+)
* PPHE Hotel Reinstated Buy at Jefferies; PT 2,050 pence

* Wallenius Wilhelmsen Rated New Neutral at SB1 Markets

>>> Call

* Citi Switches Ratings in Elevators, Schindler Raised, Kone Cut (+)

* European Capital Goods Cycle to Disappoint, Jefferies Says (+)

* Greencore Rated New Buy as Berenberg Sets Street-High Target

* Hugo Boss Cut to Sector Perform at RBC on Slower Recovery Risk (+)

* Nemetschek Upgraded to Overweight at JPMorgan on Risk Balance

* Neste Can Continue to Outperform, Morgan Stanley Upgrades

* Rockwool Upgraded at JPMorgan, Howden Placed on Negative Watch

* UBS Price Target Boosted at Jefferies on Limited Capital Impact (+)
* Zurich Airport Cut, Fraport, Getlink on Catalyst Watch: JPMorgan

>>> What to look at today - 26th of January 2026

The dollar dropped against most of its major peers as potential US involvement in foreign-exchange intervention in Japan hurt sentiment toward the world’s reserve currency. Gold rose above $5,000 for the first time on haven demand and US stock futures fell. The Bloomberg Dollar Spot Index slid to the lowest level since September after a rate check Friday by the Federal Reserve Bank of New York spurred speculation the US may assist Japan in efforts to weaken the greenback versus the yen. The Japanese currency surged as much as 1.2% versus the dollar.

Asian currencies benefited from the weak dollar with the Malaysian ringgit rising to the strongest level since 2018, and the South Korean won climbing to its highest level in about three weeks. Singapore’s currency advanced to its strongest level since 2014. The volatility in foreign-exchange markets comes as Japan’s top currency chief Atsushi Mimura said authorities in Tokyo will respond in close coordination with their counterparts in Washington. Earlier, Japan’s Prime Minister Sanae Takaichi warned markets that the government is ready to take action. Traders interpreted the New York Fed’s actions as an indication the central bank was preparing to assist Japanese officials in intervening directly in the currency market to prop up the yen. The dollar fell the most since May last week amid unpredictable US policymaking, tariff tensions between the US and Europe, and attacks on the Federal Reserve’s independence. Over the weekend, concerns also rose about another US government shutdown, while President Donald Trump threatened 100% tariffs on imports from Canada. Attention is turning to the dollar and Japan once again after a surge in the Asian country’s bond yields last week unsettled global fixed-income markets. The coming days are pivotal for investors as the Fed prepares to deliver its policy decision and megacaps including Microsoft Corp. and Tesla Inc. report earnings. For many dollar watchers, signs of US support to boost the yen reopen the debate about potential coordinated foreign-exchange intervention to guide the greenback lower against the currencies of its key trading partners. The thinking goes that such a pact would help American exporters compete with rivals such as China and Japan. Over the weekend, concerns about another US government shutdown increased as Senate Democratic leader Chuck Schumer vowed to block a massive spending package unless Republicans strip funding for the Department of Homeland Security. That raised the risk of a partial US government shutdown. Traders are also paying attention to geopolitical tensions after Trump dispatched naval assets to the Middle East, prompting fresh speculation that he’ll follow through on threats to attack Iran’s senior leadership amid a violent crackdown on nationwide protests. Brent crude edged higher, building on gains from Friday, to trade above $66 a barrel. The main event this week will be the outcome of the Fed’s Jan. 27-28 policy meeting. The central bank is widely expected to keep rates unchanged even as Trump calls for lower borrowing costs. Bond investors will also turn their focus to leadership change at the central bank after Trump said last week he will soon reveal a successor to Chair Jerome Powell. Meanwhile, gold advanced beyond $5,000 an ounce for the first time, extending a breakneck rally fueled by Trump’s reshaping of international relations and investor flight from sovereign bonds and currencies. Silver jumped more than 6% to a record high, having crossed $100 an ounce in the previous session in a rally supported by strong demand from retail buyers from Shanghai to Istanbul.

Nikkei -1.81% Hang Seng -0.05% CSI +0.42% Shanghai +0.14% Shenzen -0.76%

Eur$ 1.1865 CNH 6.9511 CNY 6.9557 JPY 153.94 GBP 1.3667 CHF 0.7769 RUB 75.7769 TRY 43.3923 WTI$ 61.19 +0.18% Gold 5,05 +1.60% BTC 87,636+1.35% ETH 2,863 +1.71%

S&P -0.17% Nasdaq -0.26% EuroStoxx +0.02% FTSE +0.03% Dax -0.04% SMI - 0.05%

Macro :

- Long Before Rheinmetall’s Surge, This Investor Saw the Potential
- Winter Storm Shakes Energy, Transportation Across the US

- Trump’s Latest Canada Threat Previews Rocky USMCA Negotiations

- Nearly 13,000 Flights Canceled by Massive US Winter Storm

- India to Cut Tariffs on Some Cars to 40% in EU Trade Deal: Rtrs

- China’s Top General Accused of Giving Nuclear Secrets to U.S. - WSJ

- Largest US Grid Pushes Power Plants to Secure Gas Through Week

- Post-Storm Chill to Challenge US Electric Grids as Demand Surges

- UBS, Citigroup, Morgan Stanley boost bonus for investment bankers by 20%

Keep an eye on :

- AIR FP : Exclusive-Airbus CEO warns of new risks after 'significant' trade damage - NY Post

- CS FP : AXA’s local unit becomes second insurer to redomicile from Bermuda to Hong Kong

- BFIT NA : Basic-Fit Sees 2026 Rev Including Clever Fit €1.64B - €1.69B

- BEZ LN : Beazley Propelled to Best-Ever Week by Zurich Takeover Bid

- CSG NA : CSG’s IPO Said to Draw Over $60 Billion of Investor Demand

- CSG NA : European IPO market starts 2026 at record pace, sparking hope of revival - FT

- BN FP : Danone Says to Recall Some Infant Formula Amid Guidance Shift

- DIS US : Former Disney Executive Mayer ‘Doesn’t See’ Co-CEO Appointment

- EFGN SW : EFG International to Buy Private Bank Quilvest Switzerland

- EL FP : Meta, EssilorLuxottica Sued in Smart Glasses Patent Case
- XOM US : Exxon’s XTO Energy Seeks Buyers for Some Assets in Texas: Rtrs

- FNAC FP : EP Group Offers €36 Per Fnac Darty Share

- FNAC FP : Fnac Darty Prelim FY Current Operating Income Misses Estimates

- GOOGL US : Waymo probed by National Transportation Safety Board over illegal school bus behavior - TechCrunch

- HSP LN : Hargreaves Lansdown cuts fees as competition escalates

- HBAN SW : Helvetia Baloise Intends to Merge Asset Management Units

- IFCN SW : Inficon Prelim FY Sales About $673.7M, Est. $668.8M

- ISS DC : ISS Wins 3-Year Contract in Switzerland Worth DKK300m a Year

- MC FP : LVMH Calls Touted by Strategists on Luxury Dip: Equity Insight

- MRK US : Merck Ends Talks to Acquire Revolution Medicines, WSJ Reports

- META US : Meta, EssilorLuxottica Sued in Smart Glasses Patent Case

- META US : Lawsuit Claims Meta Can See WhatsApp Chats in Breach of Privacy

- NESN SW : Belgium Reports Baby Illness Linked to Nestlé Milk

- NEXI IM : Nexi Names Piergiorgio Pedron as Group CFO, Effective Apr. 1

- NE US : Noble Corporation Secures $1.3 Billion In New Contracts

- NOVOB DC : Syringe Makers Tumble as Novo’s Wegovy Pill Launch Impresses

- NVDA US : Samsung Nears Nvidia’s Approval for Key HBM4 AI Memory Chips

- PIRC IM : Camfin Won’t Renew Pirelli Shareholder Agreement With Sinochem

- P911 GY : Porsche to Cut Dealership Stores in China to 80 From 114: Yicai

- RVMD US : Merck Ends Talks to Acquire Revolution Medicines, WSJ Reports

- RHM GY : Rheinmetall and OHB in talks over Starlink-style service for German army - FT

- RYA ID : Ryanair FY Customers Forecast Meets Estimates,

- 9984 JP : SoftBank Hits the Brakes on Talks to Buy Data Center Firm Switch

- SPI LN : Spire Healthcare in talks with private equity over £1.5bn sale, Bridgepoint Among Firms Exploring Bid for Spire Healthcare

- STM GY : Stabilus 1Q Adjusted Ebit EU29.3M Vs. EU37.8M Y/y

- TSLA US :China shuts down Elon Musk’s claim that Tesla FSD will be approved next month - Electrek

- UBSG SW : Swiss Finance Minister Says She Objects to UBS AT1 Compromise

- ZEG LN : Zegona in RanCo Talks With Telefonica, Others: CEO to Expansion

>>> Europe : Brokers Upgrades & Downgrades - 26th of January 2026