Chart-Flowserve merger, Nio R&D, Amazon’s $10B AI investment

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It’s time for your finances market minute. US stocks in higher as Wall Street digests a sharp slowdown in private sector hiring growth. Chart Industries and Flowserve strike a merger deal. The two companies to combine in all stock merger. The combined company expected to have an enterprise value of about $19 billion. Transaction expects to close in the fourth quarter of 2025. Shares of Neo, they’re riding higher as the company aims to reach its fourth quarter break even target by reducing research and development spending. This coming as the Chinese EV maker reports revenue for the first quarter that did miss estimates. Neo also though forecasting better than expected deliveries for the second quarter. Amazon makes plans to invest $10 billion in North Carolina. Company aiming to expand its AI infrastructure. The investment is expected to create at least 500 new high skilled jobs. And that’s your Yahoo Finance market minute. For more what’s trending on Yahoo Finance, scan the QR code below.

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