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📰 BizToc.com Hourly News Flash

1) Capital One's Discover Acquisition —

Capital One set to acquire Discover for $35 billion, reshaping the credit card landscape. #Acquisition
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👉🏻 For more, visit biztoc.com and never miss a beat in the world of business news.
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4) Biden's Boost for Chip Production —

President Biden grants $1.5 billion to a chipmaker for manufacturing expansion in New York and Vermont, bolstering domestic chip supply. #ChipmakerFunding
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3) Porsche Powers Up with New Hybrids —

Porsche expands its plug-in Panamera lineup, adding two new hybrids as it accelerates its electric transition strategy. #PorscheHybrids
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2) Air Canada Pays Price for Chatbot Error —

Air Canada compensates customer after chatbot provides incorrect information, highlighting challenges in automated customer service. #AirCanadaChatbot
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📰 BizToc.com Hourly News Flash

1) Microsoft's Multi-Billion AI Expansion in Spain —

Microsoft announces a $2.1 billion investment to boost its AI infrastructure in Spain, signalling a major commitment to European tech growth. #MicrosoftSpainAI
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AkhenOsiris
$NVDA

UBS: "Usually this is bad, but in this case it is good"

Nvidia has slashed delivery times for its AI chips (GPUs) to 3-4 months from 8-11 months previously, media report, citing UBS, and noting Nvidia has worked hard to ease bottlenecks and lift output across its supply chain. Server maker, Quanta, said AI server shipments could rise significantly from May if the AI chip shortage eases, and shipments in the 2nd half could be “explosive.” $NVDA $TSM #skhynix #semiconductors money.udn.com/money/story/11… - Dan Nystedt
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4) European Industries Demand Support —

At the Antwerp Summit, European industrial leaders are vocal about needing aid to weather energy crises and competition. #Energy
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3) Iron Ore Tumbles Amid China Woes —

Iron ore prices hit a three-month low, with industry eyes on China's escalating economic concerns. #Commodities
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2) Australia's Major Naval Expansion —

Amid rising geopolitical tensions, Australia announces a historic investment to build its largest naval fleet since WWII. #Defense
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BizToc
📰 BizToc.com Hourly News Flash

1) Microsoft's Multibillion-Dollar AI Boost in Spain —

Microsoft plans to inject $2.1 billion into Spain's AI scene, a strategic move to expand its global AI infrastructure. #Investment
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👉🏻 For more, visit biztoc.com and never miss a beat in the world of business news.
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4) Pfizer's IBD Drug Wins EU Nod —

Pfizer's new drug for inflammatory bowel disease secures approval from the EU, promising new treatment options for patients. #Pharmaceuticals
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3) Singapore Airshow Takes Flight —

After pandemic disruptions, the Singapore Airshow soars again, showcasing aerial displays and the China's C919 jet's international debut. #Airshow
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2) Poverty Surge in Argentina —

Argentina faces a severe economic crisis as poverty levels soar to 57%, the highest in two decades according to a January study. #Poverty
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BizToc
📰 BizToc.com Hourly News Flash

1) Big Credit Card Merger: Capital One Acquires Discover —

Capital One is set to purchase Discover Financial Services in a major $35.3 billion deal, signaling a significant consolidation in the credit card market. #Merger
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