Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
Instagram Outage Disrupts Thousands of U.S. Users 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Australian Scandium Project Backed by Richard Friedland Poised to Support U.S. Critical Minerals Stockpile 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
AMD Shares Slide Despite Earnings Beat as Cautious Revenue Outlook Weighs on Stock 
Olam Group (SGX:OLAG) announced plans to exit its agribusiness unit, Olam Agri Holdings, by selling a 44.6% stake to Saudi Agricultural and Livestock Investment Company (SALIC) for $1.78 billion. This deal values Olam Agri at $4 billion and is expected to close in Q4 2025.
With this transaction, SALIC will gain an 80.01% controlling stake, while Olam intends to divest its remaining 19.99% stake within three years at the closing valuation. The full exit is expected to generate up to $3.87 billion in gross proceeds, which Olam may use for debt reduction or a potential special dividend.
Olam will retain full ownership of its other businesses, including its fast-growing ingredients unit, ofi. CEO Sunny Verghese emphasized that the deal enables Olam to focus on unlocking value for its remaining businesses and pursuing a potential IPO for ofi.
Rothschild & Co, Citigroup (NYSE:C), and HSBC advised Olam on the transaction.
