Chart Industries $GTLS and Flowserve Corp $FLS have agreed to merge in a stock-for-stock transaction that values the combined enterprise at approximately $19 billion. This consolidation emerges against the backdrop of expanding global investments in artificial intelligence (AI) and the rapid growth of modern data centers, both driving unprecedented demand for advanced industrial equipment and post-sale services.

Starbucks Corporation $SBUX announced on Wednesday the promotion of Mike Graham, the company’s North America coffee operations director, to Chief Operating Officer (COO). This appointment is part of a broader series of strategic moves initiated by CEO Brian Niccol, who took the helm in 2023 with a vision to streamline Starbucks’ operations and renew its original coffeehouse ethos.

On Tuesday, Wells Fargo & Company $WFC witnessed a significant milestone as US regulators lifted the long-standing asset cap of $1.95 trillion, imposed following the bank's past compliance and risk management issues. This development marks a crucial turning point for Wells Fargo’s balance sheet expansion and signals a restored confidence from the Federal Reserve and other regulatory bodies.