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Net zero investment group drops 2050 target after US political backlash
Businesscyprus-mail3d ago

Net zero investment group drops 2050 target after US political backlash

The Net Zero Asset Managers initiative re-launched this week with more than 250 members after a year-long suspension and with looser rules after a US political backlash prompted BlackRock (BLK.N) to leave the climate group. The group’s new membership statement, created following a six-month review, no longer has an explicit requirement for members to align […]

Microsoft partners with SpaceX in its second tie up with an Elon Musk company
TechnologyTimes of India7d ago

Microsoft partners with SpaceX in its second tie up with an Elon Musk company

Microsoft is teaming up with Elon Musk's SpaceX to bring Starlink internet to rural Kenya, aiming to connect 450 community hubs. This follows Microsoft's earlier collaboration with Musk's xAI for AI services. Meanwhile, a consortium including Microsoft, Nvidia, and BlackRock is investing $40 billion in data centers to fuel AI growth.

BlackRock takes 5% stake in HLB amid FDA review
BusinessKorea Herald12h ago

BlackRock takes 5% stake in HLB amid FDA review

BlackRock, the world’s largest asset manager, has become the second-largest shareholder of Korean biotechnology firm HLB, amid the US Food and Drug Administration's review of its liver cancer drug. According to HLB’s regulatory filing on Wednesday, BlackRock Fund Advisors had acquired 6,664,921 shares of HLB, or a 5.01 percent stake, as of Feb. 24. The filing stated that the on-exchange stock purchase was made under a simple investment purpose. Jin Yang-gon, founder and chair of HLB, owned a 7.2