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US Launches Probe as BlackRock HPS Uncovers $400M Fraud

US Launches Probe after BlackRock’s HPS Uncovers $400M Fraud

Tanishka Jain November 18, 2025

U.S. prosecutors are investigating a group of telecommunications firms following revelations that BlackRock’s private credit arm, HPS Investment Partners, lent over $400 million backed by receivables that appear to be fabricated, according to the Financial Times on Monday. The Department of Justice is examining entities associated with Bankim Brahmbhatt, a relatively obscure executive whose companies borrowed heavily from HPS, the report states, citing two sources familiar with the matter.

US Pushes 500 Tariff Plan to Curb Russia’s War Revenue

US Moves Toward 500% Tariffs to Cut Russia’s Wartime Funds

Shipra Prajapati November 17, 2025

The U.S. efforts to cut off Russia’s wartime revenue expanded on Sunday as President Donald Trump announced support for new Senate legislation. The legislation would authorise Washington to impose tariffs of up to 500% on countries still doing business with Moscow. Trump stated that Republicans are drafting tough sanctions on any nation engaging with Russia, a move supported by Senator Lindsey Graham and gaining momentum amid Congress’s frustration over Russia’s ongoing attacks on Ukraine.

Pfizer Finalizes $7 Billion Acquisition of Metsera

Tanishka Jain November 14, 2025

Pfizer said on Thursday that it has finalized its previously disclosed acquisition of Metsera, Inc., a Delaware-based company, for an enterprise valuation of approximately $7 billion. The deal was completed under the terms of a merger agreement signed on September 21, 2025, and amended on November 7, 2025.

Boeing Ordered to Pay $28M to Family of 737 MAX Crash Victim

Boeing Faces $28M Payout to 737 MAX Crash Victim’s Family

Shipra Prajapati November 13, 2025

A federal jury in Chicago has ordered Boeing to pay over $28 million to the family of Shikha Garg, an environmental worker for the United Nations, who was killed in the 2019 crash of a Boeing 737 MAX in Ethiopia. The verdict marked a significant legal milestone, being the first in numerous lawsuits following the tragic accident that also claimed 346 lives in Indonesia and Ethiopia.

AMD Expects Triple Profit by 2030 as Data Chip Market Hits $1 Trillion

AMD’s $100 Billion AI Vision by 2030 Challenges Nvidia’s Lead

Tanishka Jain November 12, 2025

Advanced Micro Devices (AMD) announced ambitious growth targets on Tuesday, projecting that its annual data center chip revenue will reach $100 billion within the next five years, with earnings expected to more than triple. The company’s shares responded positively, rising 4% in post-market trading after closing down 2.7% at $237.52, partly driven by a recent multi-year deal with OpenAI valued in the tens of billions annually.

US Senate Passes Deal to End Longest Government Shutdown

US Senate Passes 2025 Budget Deal, Ending Historic Shutdown

Divyakshi Saini November 11, 2025

The U.S. Senate approved a compromise on Monday to end the longest government shutdown in history, ending weeks of stalemate that caused widespread disruption. The shutdown affected millions by cutting food benefits, leaving hundreds of thousands of federal workers unpaid, and causing air traffic delays. The Senate’s 60-40 vote was supported mainly by Republicans and eight Democrats.

U.S. Airlines Cancel Deepens Chaos as Shutdown Grounds 2,100+ Flights

U.S. Airlines Hit Turbulence as FAA Faces Staff Shortage

Shipra Prajapati November 10, 2025

Due to the ongoing US federal government shutdown, airline disruptions increased on Sunday, with flight cancellations exceeding 2,100, the highest since the shutdown started. This has led to widespread delays and operational challenges across the country’s aviation sector.

Elon Musk’s $878 Billion Tesla Pay Deal Heads to Shareholder Vote

Musk’s $878B Tesla Pay Deal Depends on Shareholders’ Vote

Tanishka Jain November 7, 2025

Tesla shareholders will vote on Thursday on whether to approve a pay package for CEO Elon Musk that could reach up to $878 billion, making it the largest executive compensation in history. The vote coincides with several other proposals that could significantly influence Tesla’s future, including changes to the board’s authority and potential investment in Musk’s artificial intelligence startup, xAI.

Tesla’s Germany Sales Halve as EV Demand Weakens

Tesla’s German EV Sales Drop Sharply in October 2025

Divyakshi Saini November 6, 2025

Tesla sold just 750 electric vehicles (EVs) in Germany in October 2025, a significant drop from 1,607 EVs sold the same month last year, according to data from the Federal Transport Authority (KBA). Year-to-date, Tesla’s EV sales totalled 15,595 units, representing a 50% decline this year, despite overall EV sales rising nearly 40%, with 434,627 new battery electric vehicles registered nationally.

Norwegian Sovereign Wealth Fund to Vote Against Elon Musk $1 Trillion Pay Deal

Norway’s Wealth Fund to Oppose Elon’s $1 Trillion Deal

Tanishka Jain November 5, 2025

Norwegian Sovereign Wealth Fund announced on Tuesday that it would vote against an offered pay deal, worth a total of $1 trillion for CEO Elon Musk. His pay package is likely to win, having garnered significant investor support in the past, as well as the backing of Tesla’s substantial retail shareholder base. Last year, Tesla shifted its headquarters to Texas.

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