Latest Corporate News News
Trump Raises Global Tariffs to 15% Effective Immediately
President Trump announced a 15% global tariff on imports, up from 10%, following a Supreme Court ruling against prior tariffs, using Section 122 of the Trade Act of 1974. The increase aims to counter the court's decision deemed 'anti-American,' with tariffs applicable for up to 150 days.
This move impacts global trade significantly.
Insurance Industry M&A Activity Surges into 2026
Firms like Alera Group, HighStreet Partners, and King Risk Partners lead aggressive acquisitions, with Inszone completing 50 deals by end-2025 across 21 states. BroadStreet Partners tops with 57 transactions through Q3 2025, reaching $2.21B revenue.
Arthur J. Gallagher continues competitive buying, including Woodruff Sawyer and Assured Partners.
TLGY Acquisition Corp. Registration Effective for StablecoinX Merger
TLGY's S-4 registration became effective February 17, 2026, for business combination with StablecoinX and StablecoinX Assets, focused on Ethena protocol infrastructure. Shareholder meeting set for March 10, with Q1 2026 closing anticipated.
This advances SPAC merger in crypto services.
Luminar Technologies Sells Assets to MicroVision in Bankruptcy
Struggling lidar firm Luminar sold remaining assets to MicroVision for $33M amid partnership losses and debt. The sale concludes Luminar's bankruptcy process after tech sector challenges.
MicroVision acquires key assets to bolster its position.
Highbridge Capital Invests $10.1M in HCM Acquisition Corp
Highbridge Capital Management made a new $10.10M investment in SPAC HCM Acquisition Corp on February 22, 2026. This signals continued interest in blank-check companies targeting mergers.
The stake positions Highbridge for upcoming deals.
CNB Bank Merges with Heartland Bank and Trust March 1
Legal merger of CNB and Heartland Bank set for March 1, 2026, with systems integration March 20-22. Customers transition to Heartland's platforms by March 23, maintaining service continuity.
Business banking shifts to Heartland's Connect software.
Madison Square Garden Sports Explores Knicks-Rangers Spin-Off
MSG Sports considers spinning off New York Knicks and Rangers into separate entities for strategic focus. Multiple reports highlight the potential split to unlock value.
This reflects ongoing corporate restructuring in sports entertainment.
Gabelli Highlights Johnson & Johnson Acquisition of Intra-Cellular Therapies
J&J acquired Intra-Cellular Therapies in January 2025 to strengthen neuroscience portfolio. The deal bolsters mental health offerings amid merger arbitrage trends.
Analysts view it as a key corporate 'lovemaking' example.
Mars-Kellanova $36B Acquisition Cleared by FTC
Mars' $36B all-cash buy of Kellanova cleared U.S. antitrust review in June 2025 without conditions. Combines confectionery and snacks, projecting $36B annual revenue.
Limited overlap ensured smooth approval.
Blackstone Revises TXNM Energy Acquisition to $12B
Blackstone Infrastructure to acquire TXNM Energy for $12B or $61.25/share, fully equity-financed. Expected close in H2 2026 pending approvals.
Deal reset after prior issues, focusing on utility stability.
Clipper Realty Schedules Q4 2025 Earnings Report
Real estate firm Clipper Realty to report Q4 2025 earnings, amid New York business updates. Part of active corporate disclosures in property sector.
Investors await financial performance details.
Berkshire Hathaway Reduces Amazon Stake Significantly
Warren Buffett's Berkshire Hathaway slashed its Amazon holdings, per New York business news. Move reflects portfolio adjustments in tech investments.
Signals shifting strategies among major investors.