BUSINESS

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USA Rare Earth has unveiled plans to acquire Brazilian miner Serra Verde in a deal valued at $2.8 billion, marking a significant push to loosen Asia's grip on critical minerals and expand Western supply options.

The Oklahoma-based company said the transaction will include $300 million in cash alongside newly issued shares, with completion targeted for the third quarter of 2026 pending regulatory approvals and closing conditions.

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Amazon said Tuesday it will acquire satellite firm Globalstar in a roughly $11.5 billion transaction, strengthening its emerging low-Earth-orbit internet ambitions as it seeks to narrow the gap with SpaceX's Starlink network.

Shares of Globalstar jumped more than 9% in premarket trading, extending recent gains amid speculation about a tie-up, while Amazon stock edged higher.

The agreement gives Amazon control of Globalstar's satellites, spectrum rights and ground infrastructure, allowing the companies to integrate existing assets with Amazon's expanding constellation.

Shareholders can opt to receive $90 in cash or 0.3210 Amazon shares for each Globalstar share, the companies said.

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The Pura X Max debuts in China today, arriving before similar designs rumored from competing smartphone makers. The launch confirms Huawei as the first company to actually release a wide format foldable device for consumers, following last week's design reveal with full pricing and specifications now official.

Two configurations of the Pura X Max are open for preorder immediately. The base model begins at 10,999 yuan, roughly 1,600 dollars, offering 12GB of RAM paired with 256GB of storage, while a 512GB option costs slightly more. A higher tier Collector's Edition raises memory to 16GB and storage up to 1TB, with pricing climbing accordingly across its variants.

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Disney Plus has taken another step in strengthening its European content strategy through a new agreement with Italian state broadcaster RAI. The deal, announced Tuesday, will bring a curated selection of RAI’s scripted and unscripted programming to the streaming platform, further broadening its local content offering in Italy.

Under the agreement, several well known RAI shows will become available to Disney Plus subscribers shortly after their original broadcast. Among the unscripted titles included are the talk show Belve, hosted by Francesca Fagnani, and the game show

The Floor Ne rimarrà solo uno, currently hosted by Paola Perego and Gabriele Vagnato. These programs will be made available for streaming starting the day after they air on RAI 2, giving audiences faster access to popular domestic programming.

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A federal jury in New York City has concluded that Live Nation the entertainment giant that owns Ticketmaster illegally operated as a monopoly and overcharged fans for tickets. The decision came after a lengthy seven week trial followed by four days of jury deliberations and could have far reaching consequences for the live music industry.

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On any given day, billions of consumers rely on products from global giants like Unilever, spanning hundreds of brands. That reach, once a decisive advantage, is now being tested as changing preferences and slower growth reshape the sector.

Unilever's decision to merge its food business with spice maker McCormick marks one of the boldest responses yet. The transaction, which values the combined entity at roughly $65 billion, reflects mounting pressure to streamline portfolios and prioritize stronger segments.

For decades, consumer goods companies thrived by expanding across categories and geographies. But that model is weakening as post-pandemic pricing power fades and demand in key markets cools. Growth in Unilever's food division, while profitable, has lagged behind its beauty and personal care units.

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Google has been hit with a new antitrust lawsuit alleging it unlawfully restricts competition by limiting access to rival Android app stores and maintaining tight control over app distribution and billing systems, according to a complaint filed Tuesday in U.S. federal court.

The case was brought by Aptoide, a Portugal-based mobile app marketplace focused heavily on gaming, which claims Google's practices prevent smaller competitors from gaining meaningful traction. Aptoide argues that without these barriers, it could exert stronger competitive pressure on pricing, developer terms, and user costs across the Android ecosystem.

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Volvo Cars said on Tuesday it will transform more than $300 million of outstanding loans to its affiliate Polestar into equity, a move designed to streamline manufacturing and center production of a key electric model in the United States.

The Swedish automaker confirmed it will immediately convert roughly $274 million in credit into shares, followed by an additional $65 million conversion scheduled for the second quarter of 2026. The second փուլ will coincide with a similar transaction led by parent company Geely Holding.

Once completed, Volvo Cars will nearly double its ownership stake in Polestar to just under 20%, reinforcing its strategic ties after previously reducing its holding in 2024.