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11/08/2025

The Calcalist reported that, according to an unnamed executive from Sapiens, Formula Systems is in advanced negotiations to sell its controlling stake in the software supplier Sapiens, with the company's valuation estimated at around $2 billion. The news website stated that the potential buyers are American investment funds but did not provide specific details.

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3 m ago

Stock market correction will be "fleeting": Wall Street believes that optimism about artificial intelligence and rate cuts will drive the rebound.

5 m ago

Dried seaweed prices skyrocket, South Korean government plans to restart reserve system.

9 m ago

The Chilean National Copper Corporation has restarted underground work at El Teniente, Chile's largest copper mine, over a week after the deadliest mining accident in decades occurred there.

9 m ago

Billionaire investor Bill Ackman posted on the X platform on Sunday, suggesting the merger of the government-supported enterprises Fannie Mae and Freddie Mac. He stated that this move would help lower mortgage rates and achieve significant synergies in operations and trading prices. Ackman has held shares of Fannie Mae and Freddie Mac for over a decade, and he believes that the merger would also reduce the government's regulatory costs and risks, as only the Federal Housing Finance Agency would need to regulate a single entity at that time.

9 m ago

Investor Bill Ackman proposed a merger between Fannie Mae and Freddie Mac.

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