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(Reuters) -Private equity firm Bain Capital will buy Envestnet in a $4.5 billion deal, with backing from a cohort of investors, including BlackRock and Fidelity Investments, the financial software vendor said on Thursday. Berwyn, Pennsylvania-based Envestnet offers software for wealth managers and data for financial institutions and investment research firms. Its clients include 16 of the 20 biggest U.S. banks and 48 of the 50 largest wealth management and brokerage firms. Reuters exclusively reported earlier … Read more…

(Reuters) – The U.S. Federal Trade Commission plans to delay its decision whether to block Chevron’s $53 billion takeover of Hess until after an arbitration case with Exxon Mobil is settled, Bloomberg News reported on Thursday. The signal from the U.S. regulator is another hurdle for Chevron’s proposed acquisition of Hess. The deal, which was initially planned to close in the first half of the year, stalled after Exxon in March filed for arbitration, claiming … Read more…

By Joyce Lee SEOUL (Reuters) – Samsung Electronics unveiled its latest foldable smartphones on Wednesday, making its priciest flagship model lighter and slimmer and bolstering AI functions as it challenges Apple’s dominance in the premium market. Samsung is also offering more sophisticated health monitoring functions to drive new demand for accessories such as its smartwatch, as well as a new ring for easy health monitoring and screen control. The world’s largest smartphone maker pioneered the … Read more…

(Reuters) -Google-parent Alphabet has abandoned its plans to buy online marketing software company HubSpot, Bloomberg News reported on Wednesday, citing people familiar with the matter. HubSpot shares fell nearly 12% in afternoon trading while Alphabet shares were up 1.2%. In April, Reuters had reported, citing sources, that Alphabet was in talks with advisers about making an offer for HubSpot. Alphabet had communicated its interest in a potential deal with HubSpot earlier this year, but the … Read more…

(Reuters) -Neuralink, Elon Musk’s brain-chip company, is working on a new device that it believes will require half the number of electrodes to be implanted in the brain to make it more efficient and powerful, the company’s executives said. The company is also taking risk mitigation measures such as skull sculpting and reduce the carbon dioxide concentration in the blood to normal level in patients, the executives said in a live stream on social media … Read more…

(Reuters) -Billionaire Elon Musk’s artificial intelligence startup xAI and tech giant Oracle have ended talks on a potential $10 billion server deal, The Information reported on Tuesday. The startup and Oracle have ended talks to expand an existing arrangement under which xAI has been renting Nvidia’s AI chips from the cloud provider, the report said, citing several people involved in the talks. The AI startup is building a system using Nvidia’s H100 graphics processing units … Read more…

SANTIAGO (Reuters) – Chilean officials on Tuesday said they will consider 81 proposals for lithium projects across the South American country, putting the country on track to surpass a goal of launching four new projects by the end of 2026. Chile in April called for proposals in more than two dozen salt flats that contain the battery metal, in line with the government’s aims to boost production. It is currently the world’s No. 2 producer. … Read more…