Tesla is breaking up the team behind its Dojo supercomputer, ending the automaker’s play at developing in-house chips for driverless technology, according to Bloomberg. Dojo’s lead, Peter Bannon, is leaving the company, and the remaining team members will be reassigned to other data center and compute projects within Tesla, per Bloomberg’s reporting which cited anonymous… Continue reading Tesla shuts down Dojo, the AI training supercomputer that Musk said would be key to full self-driving
Tag: Morgan
MPLX LP prices $4.5 billion senior notes offering
FINDLAY, Ohio, Aug. 7, 2025 /PRNewswire/ — MPLX LP (NYSE: MPLX) announced today that it has priced $4.5 billion in aggregate principal amount of unsecured senior notes in an underwritten public offering consisting of $1.25 billion aggregate principal amount of 4.800% senior notes due 2031, $750 million aggregate principal amount of 5.000% senior notes due… Continue reading MPLX LP prices $4.5 billion senior notes offering
buildOn Welcomes Three New Members to National Board of Directors
Leaders from human resources, marketing, and financial services join global nonprofit to expand access to education and opportunity STAMFORD, Conn., Aug. 7, 2025 /PRNewswire/ — buildOn, a nonprofit dedicated to uniting people through service and education to ignite opportunity, is proud to announce the appointment of three distinguished leaders to its National Board: DJ Casto,… Continue reading buildOn Welcomes Three New Members to National Board of Directors
RAMACO RESOURCES, INC. ANNOUNCES CLOSING OF UPSIZED $200 MILLION PUBLIC OFFERING
LEXINGTON, Ky., Aug. 7, 2025 /PRNewswire/ — Ramaco Resources, Inc. (NASDAQ: METC, METCB) (“Ramaco Resources” or the “Company”) announced today the closing of its previously announced underwritten public offering of Class A common stock (the “Offering”). The Company sold 10,666,667 shares of Class A common stock in the Offering at a public offering price of $18.75… Continue reading RAMACO RESOURCES, INC. ANNOUNCES CLOSING OF UPSIZED $200 MILLION PUBLIC OFFERING
Stagwell (STGW) Announces August Investor Conference Schedule
NEW YORK, Aug. 7, 2025 /PRNewswire/ — Stagwell Inc. (NASDAQ: STGW), the challenger network built to transform marketing, today announced its participation in three upcoming investor conferences in August 2025. August 12: Morgan Stanley Media & Communications Corporate Access Day Ryan Greene, Stagwell’s Chief Financial Officer, will participate in 1×1 meetings throughout the day in New York.… Continue reading Stagwell (STGW) Announces August Investor Conference Schedule
Chrome Horse Society Tequila Takes Over Mykonos with Unforgettable Summer Party Series
MYKONOS, Greece, Aug. 6, 2025 /PRNewswire/ — This summer, luxury tequila brand Chrome Horse Society is making waves in Mykonos with a high-energy residence that has quickly become the island’s most coveted party series. From glamorous beachfront affairs to late-night dance floors, Chrome Horse is bringing its signature spirit — both literally and figuratively — to… Continue reading Chrome Horse Society Tequila Takes Over Mykonos with Unforgettable Summer Party Series
ONEOK Announces $3.0 Billion Notes Offering
TULSA, Okla., Aug. 6, 2025 /PRNewswire/ — ONEOK, Inc. (NYSE: OKE) today announced that it has priced an offering to sell $3.0 billion of senior notes, consisting of: $750 million of 7-year senior notes at a coupon of 4.95%. $1.0 billion of 10-year senior notes at a coupon of 5.40%. $1.25 billion of 30-year senior notes… Continue reading ONEOK Announces $3.0 Billion Notes Offering
Uber beats on revenue, announces $20 billion stock buyback
watch now Uber reported second-quarter results on Wednesday that beat on revenue and announced the authorization of a $20 billion stock buyback. Here’s how the company did versus analysts’ estimates compiled by LSEG: Earnings per share: 63 cents vs. 63 cents expected. Revenue: $12.65 billion vs. $12.46 billion expected. Here are the key segment numbers: Mobility (gross bookings): $23.76 billion, up… Continue reading Uber beats on revenue, announces $20 billion stock buyback
Manulife to Acquire Comvest Credit Partners, Creating a Leading Private Credit Platform
Consistent with Manulife’s strategy to increase earnings from its highest potential businesses Comvest is a rapidly growing, middle market private credit manager Alignment creates a comprehensive US$18.4 billion1 private credit asset management platform Comvest leadership will lead the aligned private credit platform and there will be no changes to investment process or strategy Financially attractive transaction… Continue reading Manulife to Acquire Comvest Credit Partners, Creating a Leading Private Credit Platform
Extra Space Announces Pricing of $800 Million of 4.950% Senior Notes due 2033
SALT LAKE CITY, Aug. 6, 2025 /PRNewswire/ — Extra Space Storage Inc. (“Extra Space”) (NYSE: EXR), a leading owner and operator of self-storage facilities in the United States and a member of the S&P 500, today announced that its operating partnership, Extra Space Storage LP (the “operating partnership”), has priced a public offering of $800… Continue reading Extra Space Announces Pricing of $800 Million of 4.950% Senior Notes due 2033