Eli Lilly (LLY.N) announced a $1.2 billion investment to expand its manufacturing site in Carolina, Puerto Rico, as part of a broader $50 billion U.S. manufacturing initiative aimed at boosting domestic production capacity and mitigating potential tariff risks. The upgraded facility will produce Orforglipron, Lilly’s upcoming oral weight-loss treatment expected to be submitted for global...
Morgan Stanley (MS.N) announced plans to acquire EquityZen, a leading platform for trading private company shares, as Wall Street accelerates efforts to meet rising investor demand for access to pre-IPO and high-growth startups. The deal enables Morgan Stanley to strengthen its position in private markets by connecting its 20 million clients to exclusive opportunities and...
Solex Energy (SOEX.NS), one of India’s leading solar module manufacturers, will invest $1.5 billion over the next five years to expand its production capacity and strengthen exports to the United States, Managing Director Chetan Shah told Reuters. Currently operating a 4 GW module facility in Gujarat, Solex plans to scale up to 10 GW of...
Vertis Infrastructure Trust, backed by global investment firm KKR, has appointed Axis Capital and two additional investment banks to manage its planned IPO of up to $568 million, according to investment banking sources. The company aims to seek regulatory approval before December, positioning itself amid India’s record-breaking equity market momentum.So far in 2025, Indian companies...
Amundi (AMUN.PA), Europe’s largest asset manager, recorded stronger-than-expected inflows in Q3 2025, fueled by growing investor appetite for exchange-traded funds (ETFs) and robust performance from its Asian joint ventures. The firm reported €15.1 billion ($17.6 billion) in net new money, surpassing analyst forecasts of €14.4 billion. Combined with rising market valuations, assets under management hit...
BNP Paribas (BNPP.PA) missed third-quarter profit expectations as rising provisions for bad loans and a cautious stance among major corporate clients weighed on its results — despite a modest gain in investment banking revenues. The eurozone’s largest lender by assets reported a net profit of €3.04 billion, up 6.1% year-on-year but slightly below the €3.09...