US Stock Market Move | Blackstone (BX.US) rises more than 5%, spending $1.6 billion to acquire electrical equipment service supplier Shermco.

22/08/2025

On Friday, Blackstone (BX.US) surged more than 5%, closing at $172.14.

On Friday, Blackstone (BX.US) rose more than 5%, closing at $172.14. In terms of news, Blackstone Inc. recently announced the acquisition of electrical equipment service provider Shermco for $1.6 billion. The company specializes in providing electrical testing, maintenance, commissioning, and repair services for utilities, industrial, and energy sectors in North America. This acquisition will further strengthen Blackstone's presence in the infrastructure and energy services sector, as well as provide Shermco with broader market resources and business development support.

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China Securities Co., Ltd.: Domestic computing power sector welcomes intensive catalysis, computing power chips usher in a window of opportunity for domestic substitution.

The number of "hundred-yuan stocks" on the A-share market has tripled year-on-year, with as many as 30 semiconductor companies.

Guotai Haitong: The Federal Reserve may start cutting interest rates in September, with up to two rate cuts expected by the end of the year.