Ken Griffin, the billionaire founder and CEO of hedge fund Citadel, has announced that he is pausing his donations to Harvard University, the institution where he started his trading career as a student. Griffin, who graduated from Harvard in 1989, is one of the school’s biggest donors, having given more...
Seviroli Foods expands its frozen pasta portfolio with Ajinomoto deal
Seviroli Foods LLC, a leading manufacturer of frozen pasta and other food products and importer of specialty foods, has announced that it has acquired a portfolio of Italian food products from Ajinomoto Foods North America, Inc., a subsidiary of Japan’s Ajinomoto Group. The deal includes the related intellectual property and...
GM dealers demand more hybrids as EV sales lag behind
General Motors, the largest U.S. automaker, is facing pressure from some of its dealers to offer more hybrid models, as they fear losing customers who are not ready to switch to fully electric vehicles. GM has been focusing on EVs in recent years, but some dealers say they need more...
Renault pulls the plug on Ampere IPO amid market uncertainty
Renault Group, the French automaker, has announced that it will not go ahead with its planned initial public offering (IPO) of its electric vehicle (EV) and software business, Ampere. The decision was made due to unfavorable market conditions and the group’s improved cash flow. Ampere was created by Renault Group...
Neuralink claims to have implanted a brain device in a human for the first time
What is Neuralink and what does it do? Neuralink is a neurotechnology company founded by Elon Musk, the billionaire entrepreneur behind Tesla and SpaceX. The company aims to create a direct connection between the human brain and computers, using a device called the Link. The Link is a tiny chip...