Consumer AI pioneer Character.ai has filed for Chapter 11 bankruptcy protection as soaring server expenses outpaced revenue and compounded mounting wrongful-death and negligence litigation. With Disney stepping in as a stalking horse bidder for key IP assets, the company faces a high-stakes auction to determine whether its companion chatbot platform will survive.
A historic political realignment is underway. As tech tycoons and Wall Street heavyweights break away from traditional donor allegiances, a relentless flood of private equity and tech capital has handed Republicans an unprecedented midterm cash edge.
From elite investment banks struggling to lock down star dealmakers amid aggressive poaching raids, to Boots finally securing a buyer, and questions mounting over LIV Golf’s big-spending business model—here are the stories driving global markets today.
Activist investor Oasis Management is pressuring Nidec to consider privatization and buyout proposals. The fund warned that persistent accounting fallout and audit scrutiny could trigger an unintended Tokyo Stock Exchange delisting, wiping out shareholder liquidity.
In one of the biggest British retail deals in years, Canada’s richest retail family is acquiring Boots for $8.9 billion, betting their pharmacy playbook can rejuvenate the 177-year-old high-street icon and unlock its No7 beauty brand.
Camila Henry • Oct 10, 2026 • 4m read
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