Stripe, Advent Reportedly Pursue $53 Billion PayPal Takeover 
Oil Prices Rise as U.S.-Iran Tensions Grip Strait of Hormuz 
Apple Develops China-Specific AI Model With Alibaba as Apple Intelligence Launch Nears 
Cisco Forecasts Strong Fiscal 2027 Growth as AI Networking Demand Surges 
Anthropic Revenue Run Rate Hits $65 Billion as IPO Plans Accelerate 
Nvidia’s $500 Billion AI Infrastructure Push Wins Morgan Stanley Support 
Asian Stocks Steady as Iran War Keeps Oil Prices and Inflation Risks Elevated 
Alibaba Sells Lingxi Games for Over $1.5 Billion Amid AI Push 
SpaceX Shares Surge as Wall Street Backs AI Growth Potential 
Wall Street Falls as Oil Prices Rise, Fed Minutes and Retail Earnings in Focus 
BSP Sees Philippine Inflation Easing, Keeps Policy Options Open 
European Stocks Edge Higher as Fed Rate Pause Bets Rise 
Oil Prices Rise as Iran-U.S. Tensions Threaten Strait of Hormuz Supply 
Australia’s Corporate Leaders Face Parliament Over KPMG Client Data Scandal 
Barclays Warns U.S. Stock Rally May Be Detached From Fundamentals 
Alphabet Shifts AI Strategy Toward Commercial Growth, Goldman Sachs Says 
NAB Q3 Cash Earnings Rise 2% as Lower Credit Charges Boost Profit 
Add as a preferred source on Google
Samsung Display Co. has purchased display company Cynora GmbH for about $300 million, gaining technology for organic light-emitting diode (OLED) screens.
As part of the deal, Samsung acquired Cynora’s intellectual property and technology intellectual property and technology on OLED panels used in foldable smartphones.
Cynora’s engineers were not included in the deal.
Cynora terminated its workforce in recent weeks as part of the transaction.
In addition to LG Electronics Inc. and other display manufacturers, Samsung was already a backer of Cynora.
Kim Sung-koo, vice president of Samsung's mobile business, said the company has strived to make its foldable smartphone series a core commercial pillar alongside the Galaxy S series.
Kim disclosed that they are working nonstop to get the new foldable model ready for the second part of the year.
Samsung is expected to launch its new foldable series in August, with Apple also being speculated to enter the foldable market in the coming years.
