Dow Jones Top Company Headlines at 5 PM ET: OpenAI Buys Startup Developing Smartphone Camera | Microsoft ...
MorningStar·
- Major corporate developments include OpenAI acquiring smartphone camera startup Glass Imaging valued above $300 million and a consortium led by Michael Dell taking Baldwin Group private for $7.7 billion.
- Financial updates highlight Abbott agreeing to a $385 million civil settlement in a baby formula case and Bank of America projecting flat third-quarter trading revenue.
- Strategic industry moves feature Airbnb establishing a $250 million housing construction fund and TD Bank pledging over $108 billion for Canadian infrastructure.