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Intesa raises MPS offer as October 29 vote becomes a €34bn banking showdown
Intesa Sanpaolo has added about €800 million of cash to its Monte dei Paschi offer while warning that MPS’s rival Banco BPM and Banca Generali strategy could kill the deal, turning an October 29 shareholder vote into a decision over two radically different visions for Italian banking.
XtalPi’s industrial AI reaches Fangda Carbon factory floor as graphite costs stay volatile
XtalPi and Fangda Carbon have moved a predictive raw-material model into live graphite electrode production, giving the Hong Kong-listed AI company a tangible industrial test of whether its AI for Science platform can reduce physical trial work and improve manufacturing economics.
Southwire commits $256m to Starkville cable plant as 380,000sft buildout moves ahead
Southwire has broken ground on a major expansion of its Starkville, Mississippi operations, adding roughly 380,000 square feet as part of a companywide manufacturing modernization program exceeding $2 billion.
Corgi expands into AI data center insurance as infrastructure risks and GPU values climb
Corgi has launched an insurance program spanning data center construction, equipment, outages and cyber exposures as artificial intelligence investment drives higher asset values and increasingly complex infrastructure risks.
FedEx completes $1.4bn Supply Chain sale as CMA CGM triples CEVA US footprint
FedEx has completed another major portfolio simplification only four months after separating FedEx Freight, while retaining commercial links with CMA CGM across ocean and air cargo.
Brazil votes October 4 with 158.8 million eligible as Lula and Flávio Bolsonaro enter close race
Brazil’s 158.8 million eligible voters head to the polls on October 4 with 12 presidential candidates and final surveys showing a close race.
Tennessee prison chief resigns after failed Christa Pike execution as review begins
Tennessee’s prison chief is resigning and executions are paused after the state failed to execute Christa Pike despite administering two doses of pentobarbital.
Nepal begins $49.9m plan to lower four dangerous Himalayan glacial lakes
Nepal is advancing a $49.9 million programme to lower four high-risk glacial lakes and expand early-warning systems across vulnerable Himalayan river basins.
Why RTX’s $24.4bn SM-6 deal is bigger than another giant Pentagon contract
Raytheon has secured a US Navy contract valued at up to $24.4 billion for Standard Missile-6 interceptors, but the real test is whether RTX can convert a seven-year production framework into more than 500 missiles annually while rebuilding strained US inventories.
Vicor (NASDAQ: VICR) raises Q3 growth above 30% as AI royalties accelerate again
Vicor has upgraded third-quarter revenue growth twice in nine days, taking its sequential outlook from roughly 10% initially to more than 30%. The latest revision comes from higher VPD licensing royalties, strengthening the case that Vicor’s AI opportunity is evolving from selling power modules into monetising intellectual property as well.