
Joseph Nordqvist
Founder and Editor at Market Business News
I don't use this account, @josephnordqvist is my active one
Articles
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2 weeks ago |
marketbusinessnews.com | Joseph Nordqvist
OpenAI is acquiring Jony Ive’s device startup, a young company called io, in an all-stock deal valued at roughly $6.5 billion, marking OpenAI’s largest-ever acquisition. The hardware startup io was co-founded just last year by Jony Ive, Apple’s famed former design chief known for iconic products like the iMac, iPod, iPhone and Apple Watch.
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2 weeks ago |
marketbusinessnews.com | Joseph Nordqvist
Blackstone Infrastructure has agreed to take TXNM Energy private for $61.25 a share in cash, valuing the New Mexico- and Texas-based utility at roughly $11.5 billion including debt. The price represents about a 15% premium to TXNM’s recent closing and ends the company’s decades long run on the New York Stock Exchange. Surging demand: TXNM’s two regulated utilities, Public Service Company of New Mexico (PNM) and Texas-New Mexico Power, supply electricity to about 800,000 homes and businesses.
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3 weeks ago |
marketbusinessnews.com | Joseph Nordqvist
Saudi Arabia is pouring oil revenues into artificial intelligence, striking headline deals with NVIDIA and Amazon Web Services that together exceed $10 billion and aim to vault the Kingdom into the top tier of AI nations. At the center of the push is HUMAIN, a new state-backed company (also detailed by AWS), charged with delivering Crown Prince Mohammed bin Salman’s Vision 2030 promise of a diversified, knowledge-based economy.
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3 weeks ago |
marketbusinessnews.com | Joseph Nordqvist
After a long weekend of marathon talks in Geneva, US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer stood beside China’s vice-premier He Lifeng to unveil the first substantive easing of the 2025 US-China trade war. 90-day pause. All new tariff moves are frozen until mid-August. Scope. The deal applies across virtually the entire $600 billion flow of two-way trade that has been stalled since January’s tariff escalation. Progress.
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1 month ago |
marketbusinessnews.com | Joseph Nordqvist
President Trump’s latest round of tariff announcements have shaken markets again. First, he paused duties on certain consumer electronics. Now he’s shifting his focus to pharmaceuticals and semiconductors – even if they’re embedded in imported goods like toys, cars, and electronics. Trump confirmed on Monday that fresh tariffs are being drawn up for semiconductors and drug imports. “We don’t make our own drugs anymore,” Trump told reporters.
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