Solstice to acquire Element Solutions in approximately $14.5 billion deal

Draft U.S. Treasury report warns AI boom could mirror dot-com bubble, NOTUS reports, citing deep integration of AI firms across the economy and systemic risk if conditions weaken.

A draft U.S. Treasury report warns the AI boom could resemble the dot-com bubble, according to NOTUS. The report says AI companies are deeply embedded in the economy, raising the risk that weaker conditions could cause broader disruption.

Insurance broker Hub seeks to raise about $3 billion in its initial public offering, according to people familiar with the matter.

Insurance broker Hub is seeking to raise approximately $3 billion in its initial public offering, according to people familiar with the matter.

Microsoft announces 4,800 job cuts

Microsoft announces 4,800 job cuts.

Microsoft says roles eliminated today are not being replaced by AI, transitions 4 gaming studios to new management to preserve IP and ongoing Xbox projects

Microsoft is eliminating around 4,800 roles, about 2.1% of its global workforce. Roles eliminated today are not being replaced by AI. The company is transitioning 4 gaming studios to operate under new management, with the goal of preserving both their intellectual property and ongoing projects in Xbox.