- July 12, 2023
- Posted by: legaleseblogger
- Category: Related News
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Nvidia in Talks to Become Anchor Investor in Arm IPO – FT
According to the Financial Times, chip designer Arm is in discussions with Nvidia to bring the company on board as an anchor investor ahead of its planned initial public offering (IPO). This potential partnership has generated significant interest in the market.
VMware Rises after Broadcom Wins Conditional EU Antitrust OK
Shares of VMware climbed 2.3% after Broadcom secured conditional approval from the European Union for its $61 billion acquisition of the cloud computing firm. The antitrust approval boosted investor confidence in the deal and contributed to the rise in VMware’s stock price.
US Consumer Prices Rise Modestly in June; Core Inflation Slowing
Data from the US Labor Department revealed that consumer prices rose modestly in June, with core inflation slowing down. The annual increase in core consumer prices, which excludes food and energy, decreased to 4.8% from 5.3% in May, surprising economists who had anticipated a 5% rise. This report indicates that inflation is continuing to subside.
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