PRESS DIGEST - Wall Street Journal - Feb 25

Reuters
02-25
PRESS DIGEST - Wall Street Journal - Feb 25

Feb 25 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.

-Apple AAPL.O said it plans to spend more than $500 billion over the next four years, touting a mixture of new and existing initiatives that it said will expand its manufacturing footprint in the U.S.

-AI startup Anthropic is looking to raise $3.5 billion in its latest funding round which would value the startup behind the chatbot Claude at $61.5 billion.

-Real estate investment trust Sun Communities SUI.N said on Monday it would sell its superyacht servicing business, Safe Harbor Marinas, to Blackstone Infrastructure BX.N for $5.65 billion in cash.

-Alternative asset manager Apollo Global Management APO.N will buy real estate firm Bridge Investment Group BRDG.N for about $1.5 billion in an all-stock deal, the companies said on Monday.

-Thermo Fisher TMO.N nears deal for Solventum SOLV.N filtration unit, to value the filtration business between $3.5 billion and $4 billion.

-TFI International TFII.TO said it would keep its corporation status in Canada, reversing a plan revealed just five days ago to redomicile to the U.S.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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