What insiders know 📶
Batteries: Bill Gates’ Breakthrough Energy Ventures’ Antora’s thermal battery system stores energy as heat inside carbon blocks at temperatures above 1,800C (3,272F).
Cleaning up:Â Amazon stated it would purchase 250,000 metric tons of carbon removal services over 10 years from oil company Oxy.
Going local:Â Chinese solar supplier Trina Solar is planning a $200 million manufacturing facility in the US state of Texas.
The raise:Â H.I.G. raised $6 billion for its latest middle-market leveraged buyout fund (which includes $450 million of co-investment capital).
Swiss cheese:Â Swiss biotech firm Rejuveron Life Sciences has attracted support from sovereign fund Mubadala.
The sale:Â Banks starting off the $4.4 billion loan sale to fund Worldpay buyout.
Sold:Â Ithaca will buy the remaining 30% stake in Cambo oil field from Shell.
Starting the search:Â The US and a group of state AGs claim that Google illegally stifles competition by spending more than $10 billion a year to stay the default search engine.
The drop:Â Oracle fell the most in 21 years (most since 2002) on slowing cloud sales growth.
Luxury reminder: Amex will open a Centurion luxury lounge at Newark’s airport in 2026.
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