Artificial intelligence is changing how the world works, and finance is no exception. From how banks lend money to how they follow regulations; AI is becoming part of every step. Over the past few months, financial institutions have begun to invest in or acquire AI companies that help them move faster, operate more efficiently, and meet new compliance standards.
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Kimberly Clark announced its acquisition of Kenvue for $40 billion on November 3rd. Kimberly Clark is a consumer goods company based in Irving, Texas. They are best known for products like Huggies diapers, Kleenex tissues, Scott paper towels and toilet paper, and Pull-Ups diapers. Kenvue is a consumer pharmaceutical company that spun off Johnson & Johnson and is based in Skillman, New Jersey.
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Justin Loto Staff Writter Capital One (COF) is expected to acquire Discover (DFS) for 35.3 billion dollars in an all-stock
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Just like that one high school couple, Canadian Pacific and Kansas City Southern are back together. KSU had been hitting the gym recently so CP had to step up with a $31 billion bid, up from its initial $29 billion offer.
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Despite a nearly one-billion-dollar loss from the Archegos scandal, Morgan Stanley revealed record-breaking first-quarter profits for 2021, crushing analysts’ expectations.
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