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Siemens Energy wants to separate Transformation of Industry. Mitsubishi Heavy Industries could offer an industrial platform better than that of financial sponsors.

Mortgage rates have climbed even as the Fed has held its benchmark rate steady.

Margin debt has risen to a record $1.5 trillion, with borrowing rising far faster than stock prices. The rally may continue, but history suggests that excessive leverage tends to turn rapidly into a market downfall.

SpaceX has an unmatched launch franchise and a rapidly growing Starlink network, with a reported $1.77 trillion valuation, but investors are being offered little room for this new space

Intertek faces a problem: to accept EQT’s £9.2bn cash offer today or pursue a breakup that could unlock higher valuations tomorrow. The debate reflects a broader question of certainty versus potential in public markets.

SMBC’s growing partnership with Jefferies signals more than another banking deal. It is a strategic push to build a trans-Pacific investment-banking powerhouse capable of competing for the world’s largest mergers, financings and cross-border transactions.

Paramount’s $111bn victory over Netflix for Warner Bros. shows how aggressive financing and persistence can beat scale. David Ellison’s win reshapes Hollywood’s power balance and sets up a direct challenge to Netflix.

Mastercard’s BVNK acquisition reflects a broader shift in finance that payment networks are preparing for a world where money moves directly between digital wallets rather than traditional bank accounts.

Novartis’ $2B Excellergy bet secures its current immunology portfolio while gambling on the future returns of a still-developing drug.

Apple is turning Siri into an AI marketplace; it is positioning iOS as the gateway through which every major AI company must compete for users.