Jefferies’ Chris Wood warns of significant capital destruction in the current AI investment cycle, drawing parallels to past boom-and-bust scenarios. He highlights that US tech giants, investing heavily in AI capex, are most likely to bear the brunt of this potential destruction, unlike China’s comparatively smaller investment.
Tata Motors launches tender offer for Iveco Group; deal values company at €3.82 billion
Tata Motors has launched a €14.1-per-share cash tender offer for Iveco Group, valuing the Italian commercial vehicle maker at €3.82 billion. Backed by Iveco’s largest