CuspAI in Talks to Raise $100 Million to Find New Materials

Aug 4, 2025 | Markets

British startup CuspAI is in talks to raise more than $100 million in funding to support its goal of using artificial intelligence models to discover new materials, according to people familiar with the matter. Venture capital firm NEA is set to co-lead the funding...

Trade War Turmoil, Rising Unemployment Send Markets Diving

Aug 1, 2025 | Markets

For anyone who was around on “Liberation Day” in April, market reaction to US President Donald Trump’s overnight tariff fusillade—replete with new levies, new targets and new delays—was predictable. But it wasn’t just Trump’s latest spray of trade threats that...

Tesla Must Pay $243 Million Over Fatal Autopilot Crash

Aug 1, 2025 | Markets

Tesla Inc. was told to pay $243 million in a lawsuit over a 2019 Autopilot crash in Florida that killed a young woman and seriously injured her boyfriend, the first significant court loss for the automaker in litigation related to its driver-assistance technology. A...

Private Fund Giants Muscle Into £1.4 Trillion UK Pension Market

Aug 1, 2025 | Markets, Private Credit

Private capital giants from across the Atlantic are jumping into the UK’s booming pension-risk transfer market, with insurers backed by Brookfield Corp. and Apollo Global Management Inc. announcing deals valued at a combined $10.7 billion in the past month. As British...

Largest US Public Pension Has ‘Very Strong Conviction’ in Private Equity, CEO Says

Jul 29, 2025 | Markets, Private Credit, Private Markets, Recommended

The largest public pension plan in the US is committed to private equity, according to its chief executive officer, Marcie Frost, even as the asset class has struggled to return cash to its investors amid a prolonged deal slump. “We still have very strong conviction...