LexisNexis-owner Relx, Thomson Reuters, and other media and financial stocks fell 10%+ after Anthropic launched Claude Cowork tools that automate legal work
Shares in LexisNexis owner Relx fall 15% after new tools for Claude Cowork unveiled — Billions of pounds were wiped off the value …
Filing: Chinese AI chip startup Biren raises ~$717M in its Hong Kong IPO; institutional and retail tranches were oversubscribed ~26x and ~2,348x, respectively
Himanshi Akhand / Reuters :
Adobe reports Q4 revenue up 10% YoY to $6.19B, Digital Media revenue up 11% YoY to $4.62B, $7.13B in net income, and forecasts FY 2026 revenue above estimates
Zaheer Kachwala / Reuters :
Flex, which offers AI-based payment tools, credit, and more to mid-sized companies, raised a $60M Series B led by Portage, a source says at a ~$500M valuation
Aditya Soni / Reuters :
Germany-based Quantum Systems, which sells surveillance drones that are being used by Ukraine, raised €180M, tripling its valuation to €3B since May
the German defense company's valuation rose to €3 billion Cate Lawrence / Tech.eu : Quantum Systems' €180M Series C extension lifts company to €3B+ Vishal Singh / Silicon Canals : Germany's Quantum Sy...
Trump Media reports Q3 net sales down 3.8% YoY to $972.9K and a net loss of $55M, up from $19M in Q3 2024; its stock is down 70% from a January high
And Is On Track To Lose Far More Daniel Kuhn / The Block : Trump Media posts third straight loss as SPAC legal fees mount, CRO holdings rise Sander Lutz / Decrypt : Buying Billions in Bitcoin Couldn't...
London-based “neocloud” startup Nscale raised a $1.1B Series B led by Aker, with Nvidia participating; Aker says it is investing $285M for a 9.3% stake
‘Largest Series B in European History’ Tim Bradshaw / Financial Times : Nvidia-backed Nscale raises $1.1bn in investor frenzy over AI infrastructure Reuters : Nscale raises $1.1 billion from Aker, oth...
StubHub's shares closed down 6.4% in its NYSE debut on September 17, giving StubHub an $8.1B market value, after the ticketing platform raised $800M in its IPO
StubHub Inc.'s initial public offering dipped 6% below its offering price … Todd Spangler / Variety : StubHub IPO Fizzles: Stock Closes Down 6.4% on First Day of Trading Bloomberg : Bloomberg Talks St...
Baidu reports Q2 revenue down 4% YoY to ~$4.6B, slightly below est., and online ad revenue down 15% YoY to ~$2.3B, as Chinese companies rein in ad spending
Deborah Sophia / Reuters :
Latin American e-commerce giant MercadoLibre reports Q2 net revenue up 34% YoY to $6.8B, vs. $6.7B est., and net income down 1.5% YoY to $523M, vs. $596M est.
Andre Romani / Reuters :