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Buyout firm Francisco Partners is in advanced talks to acquire a controlling stake in construction software maker Command Alkon Inc. for as much as $1.3 billion, a sign that investors still see value in sector-specific software.

Great Britain’s grid operator has brought in independent investigators to look into accusations that its staff were involved in a cover-up over the power system being at a greater risk of blackouts during the heatwave.The government-owned energy system operator will face the scrutiny of an external legal firm after a whistleblower claimed that control room staff were warned against leaving a paper trail relating to efforts to stabilise the power system during record high temperatures in late June.The accusations, which were raised in parliament last week by the Conservative shadow minister Claire Coutinho, include claims that senior bosses at the…

The Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the National Credit Union Administration (collectively, the agencies) today issued guidance to remind supervised financial institutions of existing supervisory expectations with respect to credit risk management, particularly as it relates to borrowers who are not legally authorized to work in the United States. As the guidance discusses, lending to individuals who are not legally authorized to work in the United States may present elevated credit risk because a borrower’s ability to generate income, maintain employment, and remain financially stable may be subject to greater uncertainty. Among…

Latest developments: CEO Stephen Gregory said Binance.US is focused on growth after what he described as a two-year “hibernation” tied to regulatory issues surrounding the broader Binance brand.Gregory said Binance.US is a separate U.S.-only entity with its own governance structure, though it shares a common beneficial owner and brand name with Binance.com.He said the exchange previously held roughly 20% of the U.S. crypto exchange market and is targeting a return to that level.Gregory said Binance.US is now licensed exclusively to serve U.S. customers.What this means: Binance.US is trying to compete with exchanges such as Coinbase and Kraken by emphasizing lower…

closed Friday at $44.37, up 3.72%, capping an 8% post-earnings rebound off the $40 handle that marks a decade low and its 52-week floor, and it enters Monday’s risk-off session as a fallen angel the market is cautiously trying to buy back. The stock changed hands at $41.05 on June 30, a hair above the $40.00 low, before the fiscal fourth-quarter print lit a recovery that carried it to $44.37 by Friday. Market cap sits at $65.7 billion on a 1.13 beta, with volume running near 20 million against a 23.9 million average. The 52-week range tells the story of…

Free NewsletterGet the hottest Fintech Singapore News once a month in your InboxAgnes AI has launched Agnes-2.5-Flash, the newest generation of its text model, purpose-built for coding and agentic tasks.The company also announced Agnes-2.5-Pro, a larger flagship model aimed at more complex, long-running agent work, which follows later this month.Alongside the model release, Agnes AI introduced Agnes Code, a desktop workspace where developers can put the new model to work directly inside real projects.Bruce Yang“The constraint on agentic coding isn’t capability. It’s cost. Agnes-2.5-Flash removes that constraint entirely.Agnes-2.5-Pro pushes further for teams that need more depth.”said Bruce Yang, Founder &…

ICYMI – UAE plans new Fujairah port to bypass Strait of Hormuz, FT reports !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz

Wells Fargo has one job to do to sustain its struggling stock’s recent bounce. It’s not complicated. The stakes are high going into earnings on Tuesday morning, following two consecutive lackluster quarters . Wells Fargo’s path back into our good graces is simple: It needs a clean beat across key metrics. “It has had two mixed quarters back to back. That should create an easier setup into earnings. The expectations are low, but just because expectations are low doesn’t mean we should give it a pass,” Club portfolio director Jeff Marks said during Monday’s Morning Meeting . “We do need…

A leading Democratic senator has written to the JP Morgan Chase boss Jamie Dimon to request clarification on the bank’s contact with the child sex offender Jeffrey Epstein.Elizabeth Warren, the top Democrat on the senate banking committee, wrote to the Wall Street grandee last week to ask if he took advice from Epstein while lobbying against a UK tax on banker bonuses, in a letter published by the US senate’s banking, housing and urban affairs committee.“It is critical that Congress and the American public fully understand the extent of any interactions the bank and you had with Epstein,” the senator…

Michael Siluk | UCG | Universal Images Group | Getty ImagesLosing weight with GLP-1 drugs is only half the battle. Keeping it off long term has proved even harder.Factors such as side effects, high out-of-pocket costs, injection fatigue and stigma around obesity treatment drive troves of patients – some studies estimate roughly half or more – to stop GLP-1s within a year and risk regaining the weight they lost. Years from now, Vivani Medical believes a tiny GLP-1 implant placed under the skin could help address that problem. The biotech company is in the early stages of developing an experimental implant of…