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Thermo Fisher Scientific Inc. has announced that it has entered into a definitive agreement to acquire The Binding Site Group, a global leader in specialty diagnostics. The all-cash transaction is valued at $2.6 billion...

Thoma Bravo and Sunstone Partners have entered into a definitive agreement to acquire UserTesting, a leader in video-based human insight. The all-cash transaction is valued at $1.3 billion, UserTesting announced. Thoma Bravo, a leading software investment firm, and Sunstone, a private equity firm, will combine UserTesting with UserZoom, a majority of which Thoma Bravo acquired in April...

Severe heat waves caused by climate change have cost the world trillions of dollars since the 1990s, according to a Dartmouth College study published in October in Science Advances. The world’s poorest countries, which are also least responsible for carbon emissions, have suffered the most, the study reported...

As the Federal Reserve hints it may slow its tightening pace in December, bond investors are still playing it safe on the short end of the yield curve, according to Reuters. The Fed funds futures market has factored in a 68% probability of a 50-bps increase in December...

In an effort to service wealth management customers who don’t visit bank branches, JPMorgan Chase & Co. will introduce a robo-advisor program offering investors a digital platform. “JPMorgan Chase does business with about 66 million households, but not all of them walk into branches every day,” Boaz Lahovitsky, Head of J.P. Morgan Personal Advisors...

Though Citigroup Inc.’s investment banking business is trailing that of its peers, there’s no cause for concern, according to Bram Berkowitz of The Motley Fool. Following a blockbuster performance in 2021, revenue has dropped year-over-year, as it has for the bank’s competitors. But the drop has been greater at Citi...

The dispute between the U.S. and China over Taiwan could impact the global economy, specifically because of trillions of dollars of activity tied to a Taiwanese chipmaker, according to Business Insider. Taiwan Semiconductor Manufacturing Company (TSMC) is the world’s largest maker of advanced chips, which are used in a vast range of household products...

Compared to the euro, the dollar has surged, even in a volatile economic climate. And it may continue to strengthen despite global worries, according to The Atlantic’s Annie Lowrey. In 2022, the dollar appreciated about 16% against the euro, 21% against the pound, and 30% against the yen. It has also gained substantially against low-income countries...

Jewelry distributor Quality Gold, Inc. will merge with blank-check firm Tastemaker Acquisition Corp. and go public, the companies said. The deal values the combined entity at $989 million and included proceeds of $279 million from Tastemaker’s trust account. Special purpose acquisition companies (SPACs) such as Tastemaker are hitting roadblocks these days, as government regulations have become more stringent and economic volatility has made investors cautious, resulting in higher redemptions...

Vista Equity Partners recently announced the completion of its $8.4 billion acquisition of tax software company Avalara, which will go private in the deal. Avalara is based in Seattle and employs roughly 5,000. Several shareholders tried to block the deal, with one of its earliest investors, Altair US LLC, claiming Avalara engaged in a “flawed and limited” sale process, according to GeekWire...