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The Wallenberg family rescues Europe’s flagship green steel project with a €1.4 billion financing round

Stegra,  formerly H2 Green Steel,  has agreed in principle on new financing led by a Wallenberg Investments consortium including Temasek and IMAS. Construction at its Boden plant had slowed during m [...]

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OpenAI’s $852 billion valuation is under scrutiny from its own investors as the company pivots to enterprise

Some backers say OpenAI has revised its product roadmap twice in six months and risks losing focus ahead of an IPO expected as early as Q4 2026. OpenAI’s new CRO has accused Anthropic of overstating [...]

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Hexagon acquires Waygate Technologies from Baker Hughes for $1.45 billion

Waygate generates approximately $630 million in annual revenue with around 1,500 employees across 25 locations. The deal gives Hexagon’s Manufacturing Intelligence division computed tomography, radi [...]

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Helical closes $10M seed to turn bio foundation models into systems

The Luxembourg-founded startup is already in production with multiple top-20 global pharma companies, including a public collaboration with Pfizer. Its $10M seed round is led by redalpine, with the CE [...]

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Synera raises $40M to bring agentic AI into engineering workflows at NASA, BMW, Airbus, and Hyundai

The Bremen startup’s platform deploys teams of AI agents that autonomously execute engineering tasks across more than 75 existing tools, without replacing any of them. Revaia led the Series B; Capge [...]

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Amazon agrees to acquire Globalstar in an $11.6B deal

Amazon and Apple have also signed a separate agreement for Amazon Leo to continue powering satellite features on iPhone and Apple Watch. The deal gives Amazon the spectrum, infrastructure, and operati [...]

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Hexagon pays $1.45 billion for Baker Hughes’ inspection tech unit in biggest European industrial deal of 2026

Hexagon AB, the Swedish industrial technology group ($29B market cap, €5.4B revenue), is acquiring Waygate Technologies from Baker Hughes for $1.45 billion in cash. Waygate is the world’s leading [...]

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YouTube will now pause livestream ads when chat engagement peaks

YouTube will now automatically hold back advertisements during livestreams when its systems detect that chat engagement has peaked, a change that prioritises collective viewer experience over ad impre [...]

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AppDirect buys PartnerStack to complete its ‘everything store’ for B2B software distribution

In short: AppDirect has acquired Toronto-based PartnerStack, the partner relationship management platform with 138,000+ B2B partners and ~50% market share in the PRM category. Terms were not disclosed [...]

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