latest news in companies
Smart Digital Group Sued Over Alleged Market Manipulation Following Massive Stock Crash
New York, Wednesday, 14 January 2026.
Wolf Haldenstein has filed a class action lawsuit against Smart Digital Group, alleging a social media-driven fraud scheme that precipitated an 86% stock collapse and subsequent SEC trading suspension.
Lancet Publication Confirms Hutchmed's Targeted Therapy Boosts Lung Cancer Survival
Hong Kong, Wednesday, 14 January 2026.
Data published in The Lancet confirms Hutchmed’s combination therapy nearly doubles progression-free survival time for advanced lung cancer patients compared to chemotherapy, addressing a critical treatment gap.
Bitdeer Accelerates Enterprise AI Capabilities with Advanced NVIDIA Cloud Infrastructure
Singapore, Wednesday, 14 January 2026.
Bitdeer advances its strategic pivot by deploying NVIDIA’s cutting-edge GB200 NVL72 systems, significantly boosting high-performance computing capabilities to meet the global surge in enterprise AI demand.
Atlas SP Partners Raises $1.25 Billion to Strengthen Securitized Product Operations
New York, Wednesday, 14 January 2026.
On January 13, 2026, Atlas SP Partners, the warehouse finance platform majority-owned by Apollo Global Management, successfully priced a $1.25 billion senior notes offering. This significant capital raise is strategically divided into two tranches: $500 million in 4.625% notes maturing in 2028 and $750 million in 5.250% notes due in 2033. By securing this funding through its subsidiary, Atlas Warehouse Lending Company, the firm intends to fortify its balance sheet and fund new assets within the securitized products sector. The transaction highlights robust market confidence in Atlas SP’s operational model and Apollo’s continued influence in structured credit. Scheduled to close on January 21, 2026, this liquidity event positions the firm to aggressively support its lending operations and manage corporate obligations efficiently.
Genco Rejects Diana Shipping Bid and Counters with Own Acquisition Proposal
New York, Wednesday, 14 January 2026.
On January 13, 2026, Genco Shipping & Trading unanimously rejected an unsolicited $20.60 per share takeover proposal from Diana Shipping, asserting the bid undervalues the company and lacks financial certainty. In a bold strategic turn, Genco’s Board countered by proposing to acquire Diana Shipping instead. Genco argues its stronger balance sheet—evidenced by a lower daily cash flow breakeven of $10,000 compared to Diana’s $16,000—positions it as the superior acquirer. While Diana holds a 14.8% stake in Genco and claims financing support, Genco contends a reverse combination would better serve shareholders by creating a market-leading fleet of 83 drybulk vessels under more efficient management.
General Motors Reaffirms Electric Vehicle Strategy Despite Policy Shifts and Financial Headwinds
Detroit, Wednesday, 14 January 2026.
Despite a projected $7.1 billion financial charge and shifting federal incentives, CEO Mary Barra insists electric vehicles remain GM’s definitive “end game,” dismissing recent market volatility as temporary.
Saks Global Nears $1.75 Billion Funding Deal to Sustain Operations Through Bankruptcy
New York, Tuesday, 13 January 2026.
Facing imminent Chapter 11, Saks Global is finalizing a critical $1.75 billion financing package to keep its iconic storefronts open. This massive liquidity injection aims to stabilize the luxury conglomerate as it navigates a complex restructuring and significant leadership transition following its debt-laden merger.