πŸ“Š Amazon in $38B AI Cloud Shakeup

Hi everyone, here is your πŸ“Š Daily Trade.

Here's what's happening today:

πŸͺ™ Fed policymakers debate rate cuts for December meeting
🀝 OpenAI partners with Amazon for AI computing power
🏒 Simon acquires full ownership of Taubman Realty Group
πŸ”‹ Locksley secures potential EXIM support for minerals project
πŸ“Š Southern Company announces equity units offering
🎁 +7 more stories you might like
πŸͺ™ Fed Policymakers Divided on December Rate Cut Decision Link
  • Fed officials express differing views on the need for a rate cut in December.
  • The debate highlights tensions between inflation control and labor market support.
  • Upcoming Supreme Court case involving Fed Governor Lisa Cook adds to the complexity.
🀝 OpenAI Partners with Amazon in $38 Billion Cloud Deal Link
  • OpenAI secures access to Nvidia AI chips through Amazon Web Services.
  • The deal marks a shift from OpenAI's previous exclusive partnership with Microsoft.
  • Regulatory approvals enable OpenAI to pursue new business structures for growth.
🏒 Simon Property Group Acquires Full Stake in Taubman Realty Link
  • Simon Property Group acquires the remaining interest in Taubman Realty Group.
  • The acquisition is expected to enhance operational synergies and growth opportunities.
  • Taubman family members will continue as significant shareholders in Simon.
πŸ”‹ Locksley Resources Secures EXIM Support for Critical Minerals Link
  • Locksley receives a Letter of Interest from EXIM for $191 million in financing.
  • The funding supports the development of the Mojave Project in California.
  • The project aims to strengthen U.S. supply chains for critical minerals.
πŸ“Š Southern Company Launches $1.75 Billion Equity Units Offering Link
  • Southern Company announces a public offering of 35 million equity units.
  • Proceeds will be used to manage existing debt and fund corporate purposes.
  • The offering is part of Southern's strategy to optimize its capital structure.

Other news & articles you might like

  • 🚨 FDA drug regulator resigns amid conduct probe (Link)
  • πŸ—οΈ Florida to issue bonds for Fort Myers development (Link)
  • 🏘️ Utah Housing Corp. to issue bonds for rental project (Link)
  • πŸš— Philadelphia Insurance acquires collector vehicle business (Link)
  • βš–οΈ InterDigital wins injunction against Disney in Germany (Link)
  • πŸ“‰ USA Rare Earth's valuation drops after 25% pullback (Link)
  • πŸ“ˆ Jackson Financial to report earnings amid mixed forecasts (Link)

You might also like…

We’re always looking for opportunities to bring our readers more value so we’ve partnered with a handful of companies that we think you might enjoy.

How would you rate today's newsletter?

If there's anything I can do better, please reply to this email and let me know!

Login or Subscribe to participate in polls.