Thursday, 12 March 2026
RWE AG has announced plans to invest nearly $40 billion in the United States over the next five years as part of its expansion strategy, focusing on enhancing its operations in the renewable energy sector. In 2025, the company added 2GW to its U.S. operational capacity, bringing the total to nearly 13GW, through the launch of 15 new projects across seven states, including solar, wind, and battery energy storage systems.
Honda Motor announced the cancellation of several electric vehicle model launches in North America, anticipating total expenses and losses of 2.5 trillion yen ($15.7 billion) due to a reassessment of its electrification strategy.
Cintas Corporation has announced a definitive agreement to acquire UniFirst Corporation for $310.00 per share in cash and stock, valuing the deal at approximately $5.5 billion. The acquisition aims to combine the strengths of both family-founded companies, enhancing service capabilities for around 1.5 million business customers across North America through improved operational efficiencies and innovation.
Workers at Glencore Plc's Townsville copper refinery in Australia have threatened to strike starting Friday due to unresolved pay disputes, with the Australian Workers' Union stating that employees are paid nearly 15% less than at competing plants. This potential strike comes as Glencore's Chief Executive Gary Nagle emphasizes a copper-led growth strategy, projecting annual copper output to exceed 1 million tonnes by 2028, despite a reported 6% dip in adjusted EBITDA to $13.51 billion for 2025.
Nvidia Corp. has announced a $2 billion investment in Nebius Group NV, a Dutch cloud provider specializing in artificial intelligence workloads. This partnership aims to enhance Nebius's data center infrastructure, enabling the deployment of over 5 gigawatts of Nvidia systems by the end of 2030, sufficient to power approximately 3.8 million homes. The investment follows a similar $2 billion deal with CoreWeave Inc. and will support Nebius in adopting Nvidia's latest Rubin GPUs and Vera CPUs.
Salesforce Inc. faced weak demand for its $25 billion bond sale, attracting a final order book of $36 billion, or about 1.4 times the deal's size, amid concerns over its debt-funded share buyback and the impact of artificial intelligence on software companies. The bond offering is part of a broader strategy to finance a $50 billion stock buyback initiative, although analysts have expressed caution regarding the company's valuation, leading to downgrades from firms like Northland Securities.
Billionaire Tilman Fertitta is in exclusive negotiations to acquire Caesars Entertainment for approximately $7 billion, offering around $34 per share, which represents a 31% premium over the company's recent closing price. This move follows a competing bid from Carl Icahn, whose all-cash offer of about $33 per share has not been officially rejected. Fertitta, who is also the owner of the NBA's Houston Rockets and currently serves as U.S. Ambassador to Italy and San Marino, is prohibited from directly participating in the negotiations due to his ambassadorial role.
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