Latest Corporate News
BioMarin Announces $4.8 Billion Acquisition of Amicus Therapeutics
BioMarin is acquiring Amicus Therapeutics in an all-cash $4.8 billion deal financed by cash reserves and $3.7 billion in new debt, with bridge financing from Morgan Stanley. The acquisition is expected to be accretive to Non-GAAP Diluted EPS within the first 12 months and substantially so from 2027, leveraging Amicus's Galafold and Pombiliti products that generated $599 million last year.
Closure is targeted for Q2 2026 pending regulatory approvals and shareholder vote.
Marelli Automotive Supplier Files Chapter 11 Bankruptcy
Marelli, a KKR-owned auto parts giant with $11.5 billion in acquisitions, filed Chapter 11 with $4.9 billion debt due to COVID, tariffs, and EV market volatility. DIP lenders will own 100% of the reorganized company upon 2026 emergence.
The restructuring follows KKR's 2016-2019 roll-up of Calsonic Kansei ($4.5B) and Magneti Marelli ($7.2B).
Chinese AI Firms Zhipu and MiniMax Rush IPOs Amid Cash Burn
Zhipu AI and MiniMax filed dual IPOs after rapid growth but brutal cash burns: Zhipu at ¥300M monthly, MiniMax at ¥2B monthly, with reserves depleting fast. Zhipu revenue grew 130% CAGR to ¥312M in 2024; MiniMax surged 782% to $30.5M, already exceeding in 2025 H1.
Strategies differ: Zhipu scales frontier models with heavy R&D; MiniMax emphasizes capital efficiency vs. OpenAI's $40-55B spend.
Global Corporate Earnings Calendar Empty on January 4
No major S&P 500, Euro Stoxx 50, Nikkei 225, or MOEX companies report results today, a Sunday pause before Q4 2025 season starts mid-January. US banks and tech giants like Microsoft (strong cloud growth) and Walmart (high sales) exceeded Q3 expectations.
Europe eyes Q4 mixed results: bank profits up, industrials hit by energy costs; full-year reports in February.
Google's AI Capex Surges Past Net Profits
Google's annualized AI capex hit $60B more than pre-ChatGPT levels, with $85B cumulative since late 2022, now exceeding net profits vs. prior 25% ratio. Spending ramps for AI development amid competitive pressures.
Leapfrog Acquisition Corporation Lock-Up Expires Today
435,000 units of Leapfrog Acquisition Corp end 31-day lock-up on January 4, 2026, from December 4 start. Founder shares restricted until one year post-business combination or liquidation, with exceptions for price thresholds over $12/share.
Private placement securities also locked until 30 days post-combination.
MountainOne Insurance Acquires Amy R. Morey Agency
MountainOne Insurance, a subsidiary, acquired Amy R. Morey Insurance Agency to expand into Greenfield on January 3, 2026. The deal strengthens regional presence in insurance services.
European Corporates Show Mixed Q4 Dynamics
European banks posted profit growth from high rates, but industrials faced cost hikes from energy in Q4 results. Investors await January PMI and consumer confidence data for Q1 profit outlook.
Chinese Economy Stabilizes with Services PMI Growth
December PMI shows moderate services growth amid weak industry recovery; authorities pledge 2026 stimulus. Nikkei at highs on weak yen and BoJ loose policy supporting exporters despite >2% inflation.
US Q4 Earnings Season Nears with Optimism
Major US banks and tech set to report mid-January; cautious optimism from resilient demand and easing inflation after strong Q3 beats. Previous successes like Microsoft's cloud revenue surge bolster confidence.
Auto Sector Faces Broader Restructuring Wave
Marelli joins Northvolt, Fisker, First Brands ($11.6B debt), with Bosch cutting 22K jobs and ZF planning 14K by 2030 amid tariffs and EV shifts.