Bloomberg:
TCL agrees to buy a 51% stake in Sony's global home entertainment business for ~$472M, as the Chinese company seeks to expand overseas; Sony retains a 49% stake  —  TCL Electronics Holdings Ltd. agreed to buy a majority stake in Sony Group Corp.'s global home entertainment business as the Chinese company seeks to expand overseas.

Bloomberg:
Sources: Tether cuts two senior precious metals traders who joined from HSBC just months ago in its push to build “the best trading floor for gold in the world”  —  Tether Holdings SA has cut two senior precious metals traders who had joined from HSBC Holdings Plc just months ago …

Dana Wollman / Bloomberg:
Nvidia invests $2B in chipmaker Marvell and says the two companies plan to work on silicon photonics tech, enabling high-speed data transmission; MRVL jumps 9%+  —  Nvidia Corp. said it has invested $2 billion in Marvell Technology Inc. as part of an agreement to collaborate on silicon photonics technology …

Peter Landers / Wall Street Journal:
Huawei reports 2025 revenue up 2.2% YoY to ~$127.5B, net profit up 8.7% YoY to ~$9.8B, and R&D spend up 7% YoY to ~$27.8B, as it invests in chip networking tech  —  The company has been making a steady comeback after U.S. sanctions limited its ability to do business in many parts of the world

SharkNinja has announced a new cleaning tool called the BlastBoss. It looks like a handheld vacuum but functions like a leaf blower with an adjustable air blast that can reach 190 mph. You can use it to clear dead leaves in the fall, but the BlastBoss is designed for both outdoor and indoor use alongside […]