Key numbers from the week:

Alphabet (GOOG) reaffirmed its commitment to spend $75 billion in 2025 on data center infrastructure and AI development, despite market concerns tied to rising U.S. tariffs. …

OpenAI has reportedly discussed acquiring io Products, the AI hardware startup founded by Jony Ive and backed by OpenAI CEO Sam Altman, for approximately $500 million. …

OpenAI has countersued Elon Musk, alleging a campaign of harassment including legal claims, public attacks, and a rejected $97.4 billion takeover bid aimed at disrupting the company’s operations and governance. …

(1 additional update: GOOG)

Amazon (AMZN) has postponed the launch of 27 Kuiper internet satellites due to adverse weather conditions, including heavy winds and persistent cumulus clouds, delaying a scheduled liftoff from Cape Canaveral via a United Launch Alliance (ULA) rocket. …

President Trump announced plans for a forthcoming defense budget “in the vicinity” of $1 trillion, marking what would be the first-ever trillion-dollar allocation for the Pentagon. …

Additionally, President Trump signed an executive order initiating a comprehensive review of the Pentagon’s weapons acquisition programs, targeting those exceeding cost or schedule benchmarks by more than 15% for potential cancellation. …

Trading platform WeBull (BULL) closed its SPAC merger with SK Growth Opportunities Corporation (SKGR) and began trading under the symbol BULL on Friday. …

Airo Group (Pre-listing: AIRO), a U.S.-based aerospace and defense technology company focused on urban air mobility and drones, is seeking to raise up to $80 million in its IPO by offering 5 million shares priced between $14 and $16. …

Chinese tea chain Chagee Holdings (Pre-listing: CHA) is proceeding with a U.S. IPO to raise up to $411 million by offering 14.68 million ADS at $26–$28 each, targeting a valuation of approximately $3.3 billion. …

Galaxy Digital (GLXY), the crypto financial services firm led by Michael Novogratz, has received SEC approval for a direct listing on the Nasdaq. …

Silicon Valley’s long-anticipated IPO pipeline has stalled amid global market turmoil triggered by President Donald Trump’s sweeping tariff announcements. Key IPO candidates like StubHub, Klarna, and eToro have paused their listing plans, with some unlikely to proceed in 2025. …

A Delaware judge has ruled that Newsmax (NMAX) broadcast false and defamatory statements about Dominion Voting Systems' role in the 2020 U.S. election, allowing Dominion’s $1.6B defamation lawsuit to proceed to trial. …

Mira Murati, former CTO of OpenAI, is reportedly raising over $2 billion in venture funding for her new AI startup, Thinking Machines Lab, doubling the $1 billion target reported two months prior. The valuation being sought is at least $10 billion. …

Rescale, a digital engineering platform focused on advanced computing and AI for R&D, raised $115 million in Series D funding, bringing total funding to over $260 million. …

BRINC, a U.S.-based emergency response drone manufacturer, raised $75 million in a new funding round led by Index Ventures, with participation from Motorola Solutions (forming a strategic alliance), Mike Volpi, and Figma CEO Dylan Field. …

Autonomous driving company Nuro has raised $106M to date in its ongoing Series E round, valuing the firm at $6B. …

Texas-based residential battery startup Base Power Inc. has raised $200M in Series B funding to support national expansion and the construction of its first manufacturing facility in Texas. The round was led by Addition LP (Lee Fixel) and included Andreessen Horowitz, Lightspeed Venture Partners, Thrive Capital, Valor Equity Partners, Altimeter, and others. …

AI-driven staffing platform Jobandtalent raised €92 million ($103 million) in a Series F round at a post-money valuation of €1.3 billion ($1.5 billion), down from $2.35 billion in its 2021 Series E. …

Toronto-based security startup Tailscale has raised $160M in a new funding round led by Accel, with participation from CRV, Insight Partners, Heavybit, Uncork Capital, and CrowdStrike CEO George Kurtz. …

Caris Life Sciences raised $168 million in a growth capital round led by existing investor Braidwell LP, with participation from new investors Perceptive Advisors, Woodline, and Ghisallo, as well as existing backers Millennium Management and First Light Asset Management. …

Summarized, curated tariff news

Deal activity and earnings updates for impacted companies

Sector and country-level filtering for focused discovery

Republic Airways and Mesa Air Group (MESA) announced a definitive agreement to merge in an all-stock reverse merger transaction, creating a publicly traded regional airline under the name Republic Airways Holdings. …

Transcarent completed its $621 million acquisition of Accolade, with Accolade shareholders receiving $7.03 per share in cash. …

Stonepeak closed its $3.1 billion acquisition of Air Transport Services Group (ATSG). — PR

Altus Power (AMPS) shareholders approved the previously announced acquisition by TPG through its TPG Rise Climate Transition Infrastructure strategy. … Deal Page

MoneyLion's (ML) acquisition by Gen Digital (GEN) is expected to close on April 15. — NYSE / Deal Page

Turn/River Capital's acquisition of SolarWinds Corp (SWI) is expected to close on April 16. — NYSE / Deal Page

Chimerix's (CMRX) acquisition by Jazz Pharmaceuticals (JAZZ) is expected to close ahead of trading on April 21, following the tender offer expiration on April 17. — Nasdaq / Deal Page

Patterson Companies' (PDCO) acquisition by Patient Square Capital is expected to close prior to market open on April 17. — Nasdaq / Deal Page

Paycor HCM's (PYCR) acquisition by Paychex (PAYX) is expected to close ahead of trading on April 14. … Deal Page

(1 additional update: GOOG)

President Donald Trump ordered a new review of Nippon Steel’s proposed $14.1 billion acquisition of US Steel (X), reopening a deal previously blocked by the Biden administration on national security grounds. … Deal Page

The $34 billion cash-and-stock acquisition of Ansys (ANSS) by Synopsys (SNPS), announced in January 2024, faces growing uncertainty due to delays in securing approval from Chinese regulators — the final major hurdle. … Deal Page

Paychex (PAYX) priced a $4.2 billion senior notes offering to fund its acquisition of Paycor HCM (PYCR). … Deal Page

Capgemini is in advanced talks to acquire outsourcing firm WNS Holdings (WNS), having emerged as the lead bidder after fending off competing suitors. … Deal Page

El Pollo Loco (LOCO) received an unsolicited, non-binding acquisition proposal from Biglari Capital Corp. to acquire the remaining shares it does not already own. … Deal Page

(3 additional updates: ConnectM, PureTech Health, Keros Therapeutics)

Elon Musk failed to appear for a scheduled deposition on April 3, 2025, related to an investor lawsuit alleging his 2022 bid to acquire Twitter (X Corp. (fka Twitter) - acquired by XAi) was intended to manipulate the stock price. …

President Donald Trump confirmed that a potential deal to spin off

TikTok’s U.S. operations remains under consideration, following a brief pause. …

Capri Holdings (CPRI) has agreed to sell Versace to Prada for $1.375B in cash, a significant markdown from the $2.1B Capri paid in 2018. …

Ripple has agreed to acquire digital assets and FX prime brokerage Hidden Road for $1.25 billion, marking its largest acquisition to date and one of the largest in the crypto industry. …

A group led by Ari Emanuel and backed by Apollo Global Management and RedBird Capital Partners has won the auction to acquire Endeavor’s tennis assets, including the Miami Open and Madrid Open, for more than $1 billion. …

Constellation Energy (CEG) defended its proposed $16.4 billion acquisition of privately held Calpine before the Federal Energy Regulatory Commission, addressing concerns from consumer groups about potential market power. … Deal Page

DSV has received EU antitrust clearance for its €14.3 billion ($15.8 billion) acquisition of Schenker, the logistics arm of Deutsche Bahn. …

SC Capital Partners, backed by CapitaLand Investment, has emerged as the sole potential bidder for British data center operator Global Switch, according to Reuters sources. …

Elliott Investment Management has intensified its proxy campaign against Phillips 66 (PSX), gaining the backing of Gregory Goff, a former ConocoPhillips executive and current $10M shareholder in the company. …

Ancora Holdings has withdrawn its proxy campaign to replace U.S. Steel’s (X) CEO after President Trump directed a renewed CFIUS review of Nippon Steel’s proposed $14.1 billion acquisition. …

The U.S. Federal Trade Commission's antitrust lawsuit against Meta (META) over its acquisitions of Instagram (2012) and WhatsApp (2014) is set to go to trial, aiming to unwind both deals on grounds they were illegal “killer acquisitions” that stifled competition. …

WW International (Weight Watchers) (WW) is preparing for a potential Chapter 11 bankruptcy filing to transfer control of the company to creditors amid mounting financial strain and competitive disruption from GLP-1 weight-loss drugs like Ozempic. …

Gritstone bio (OTC: GRTSQ) shares were canceled worthless as its bankruptcy became effective.

(8 additional updates: Marin Software, Vincerx Pharma, First Financial Northwest, Mondee Holdings, Nxu, ClimateRock, Global Lights, Metal Sky Star)