Business headlines from the Apex backend, organized by sectors and major public companies for faster market scanning.
A reported attempt by Uber to expand its food-delivery footprint through a potential takeover of Delivery Hero is drawing attention to competitive pressure in Saudi Arabia, where a fast-scaling app is squeezing local incumbents.
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The company behind the MobiCard digital business card says its update adds a news-feed experience, enterprise advertising tools, paid accounts, audio introductions, and deeper engagement analytics.
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The chipmaker said it will back new AI infrastructure and partnerships with British universities and research bodies over the next five years, as the UK pursues wider access to advanced computing.
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In its Q1 2026 update, Bell Asset Management said it closed its Nike position during March, citing rising risks that Nike’s recovery could stall as geopolitical turmoil pushed energy and inflation expectations higher.
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The acquisition adds Firefly Bio’s Firelink degrader antibody conjugate platform to Johnson & Johnson’s oncology pipeline, targeting KRAS-driven solid tumors and other cancer drivers.
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Investors are looking for outlines on how AI-related spending and product momentum are translating into results as the Q2 reporting cycle begins.
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A Reuters report says Google has placed an order with Intel to produce more than 3 million tensor processing units in 2028, reflecting how AI-chip demand is straining the industry’s leading foundry supplier.
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Intel shares surged in early trading Monday on a newly announced strategic collaboration with Hitachi and renewed market talk that big AI buyers may diversify chipmaking and advanced packaging beyond incumbent partners.
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A report cited by Yahoo Finance said Alphabet’s Google has signed on as a customer for Intel’s chip foundry. Intel’s results show the foundry ramp is still expensive, making new customer outlines especially consequential.
