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Morgan Stanley Investment Management Announces Effort to Convert Nearly $10 Billion in Municipal Mutual Funds to ETFs
NEW YORK--(BUSINESS WIRE)--Morgan Stanley Investment Management (MSIM) today announced an effort to convert eight municipal bond mutual funds into seven newly created exchange-traded funds (ETFs) and one existing ETF, representing nearly $10 billion in assets under management as of August 31, 2026. The Board of Trustees to the existing mutual funds approved the potential conversions, subject to approval by shareholders of each mutual fund and the satisfaction of other closing conditions. This e...
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MobileSphere Index Finds Mobile Numbers Are Becoming the New Digital Identity
CAMBRIDGE, Mass.--(BUSINESS WIRE)--Financial services account for 41.6% of identified verification activity, as messaging and global mobility reveal expanding role of the mobile number...
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Rubedo Life Sciences Announces Clinical Study to Treat Hair Loss with GPX4 Modulator RLS-1496, First Human Ex Vivo Evidence Demonstrates Robust Hair Follicle Growth
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Rubedo Life Sciences, Inc. (Rubedo) today announced a new clinical study of investigational RLS-1496 in patients with androgenetic alopecia (AGA), beginning October 2026, with initial data expected in the first half of 2027. The study marks the first-ever clinical evaluation of a GPX4 modulator in hair loss, extending the program that established RLS-1496 as the world’s first GPX4 modulator to enter human clinical trials of any kind. RLS-1496 has already...
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First Trust Global Funds PLC UK Regulatory Announcement: Net Asset Value(s)
LONDON--(BUSINESS WIRE)-- Funds Date TIDM ISIN Code Shares in Issue Currency Net Asset Value NAV/per Share First Trust Nasdaq Cybersecurity UCITS ETF 15.09.2026 NQCYBREN IE00BF16M727 27,635,554.00 USD 1,735,892,779.43 62.814 ...
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63 Cents of Every New Marketing Dollar for E-Commerce Is Going to AI and Cashback Apps — Not Ads
NEW YORK--(BUSINESS WIRE)--Consumers are increasingly using AI to find cashback, lower prices, promotions, and better alternatives, and that behavior is rapidly pulling e-commerce marketing budgets away from traditional digital advertising channels. New research from Northwestern University's Retail Analytics Council and Minty, shared at EMARKETER's The Future of Digital summit yesterday in New York City, found e-commerce marketers plan to put 63 cents of every new marketing dollar toward AI co...
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Intrepid Growth Partners se lance avec un fonds de 525 millions de dollars américains destiné à soutenir les fondateurs d'entreprises d'IA ambitieuses qui redéfinissent leurs secteurs d'activité
TORONTO & LONDRES--(BUSINESS WIRE)--Intrepid Growth Partners (« Intrepid »), un investisseur spécialisé dans la croissance et axé sur l’intelligence artificielle, a annoncé aujourd’hui son lancement officiel, parallèlement à la clôture définitive de son premier fonds de 525 millions de dollars américains (« Fonds I »). Intrepid a été fondée en 2023 par Mark Machin, ancien président-directeur général de l'Office d'investissement du Régime de pensions du Canada (CPPIB), Mark Shulgan, ancien respo...
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Niobrara Capital Acquires MSP Corp, a Leading Canadian Managed IT Services Platform
NEW YORK--(BUSINESS WIRE)--Niobrara Capital ("Niobrara"), a U.S.-based private equity firm focused on middle-market B2B technology and technology-enabled services companies, today announced the acquisition of MSP Corp (“MSP”), a scaled Canadian managed IT services provider that remotely manages the IT infrastructure, cybersecurity and cloud environments of small and midsize business clients. Financial terms were not disclosed. Founded in 1993, MSP is a founder-led Canadian technology partner th...
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CIFC Asset Management Broadens Private Credit Platform Through iCapital Marketplace
NEW YORK--(BUSINESS WIRE)--CIFC Asset Management LLC and its affiliates (collectively, “CIFC”), an alternative credit specialist serving institutional investors globally with more than $47 billion* in assets under management, today announced its direct lending strategy, which focuses on lending to U.S. lower middle market companies, is now available on iCapital Marketplace. “Private credit has become an increasingly important part of the conversation between wealth managers and clients seeking...
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Apex Fintech Solutions and FusionIQ Announce Collaboration to Deliver Unified Clearing, Custody, and Digital Wealth Management
NEW YORK--(BUSINESS WIRE)--Apex Fintech Solutions Inc. (“Apex”), the infrastructure powering modern investing, today announced a collaboration with FusionIQ, a leader in cloud-based digital wealth management technology. The alliance combines Apex's clearing, custody, and brokerage infrastructure with FusionIQ's end-to-end digital wealth platform, giving financial institutions a faster, more integrated path to launching and scaling modern investing experiences for their clients. Through the coll...
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Terradot and Google Combine Superpollutants and Carbon Removal in the World's Largest Enhanced Rock Weathering Project in Southern Brazil
SAN FRANCISCO & SAO PAULO--(BUSINESS WIRE)--Terradot, a leader in enhanced rock weathering (ERW), and Google today announced a megaton-scale climate project in Southern Brazil that pairs methane avoidance in rice farming with permanent carbon dioxide removal (CDR). Google will purchase 1M tonnes of near-term methane impact by 2030 and 1M tonnes of carbon removal impact by 2040, making this its largest carbon removal purchase to date. It is also the largest ERW project ever undertaken, and the f...