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SVB Investors Warn KPMG of Expanded Claims Over Bank Collapse

KPMG LLP is bracing for an expanded set of investor claims including securities fraud in an ongoing court fight over the Big Four accounting firm’s audits for failed Silicon Valley Bank.

By Amanda Iacone and Martina Barash

Geothermal Power Firm Fervo Energy Files for IPO

Fervo Energy Co. filed for an initial public offering, disclosing wider losses as it plans to start generating power from its first geothermal project in Utah later this year.

Genesis Healthcare Investors Fight Suit to Cancel Secured Debts

Entities controlled by Genesis Healthcare insiders urged a Texas bankruptcy court to dismiss a lawsuit challenging $96 million in secured loan claims they hold against the nursing home operator, disputing misconduct allegations.

Lutnick Shuts Down Talk of Any Chinese Investment in US Autos

Commerce Secretary Howard Lutnick ruled out the possibility of Chinese investment in the US auto industry, saying there’s no need for companies like electric carmaker BYD Co. in America.

Silver Point, SVP Poised to Own Stakes in QVC After Bankruptcy

Silver Point Capital and Strategic Value Partners recently acquired a substantial amount of QVC Inc. bank debt, a company lawyer said Friday, indicating the firms are poised to own sizeable stakes in the television shopping network after it restructures in Chapter 11.

AI Chipmaker Cerebras Systems Files Publicly for US IPO

Cerebras Systems Inc., an artificial intelligence chipmaker and data center operator, filed publicly for an initial public offering months after withdrawing a previous attempt to list.

AMC Subsidiary Odeon Finco Closes $425m Term Loan

AMC Entertainment unit Odeon Finco, a part of Odeon Cinemas Group, closed a $425 million term loan with Deutsche Bank’s New York Branch.

Obesity Drugmaker Kailera Soars 63% After $625 Million IPO

Kailera Therapeutics Inc. shares surged 63% after the clinical-stage biotechnology company focused on obesity raised $625 million in an upsized US initial public offering.

Cursor In Talks to Raise $2 Billion at Over $50 Billion Value

Cursor, a leading artificial intelligence startup for coding, is in advanced talks with investors to raise about $2 billion in a funding round at a valuation of more than $50 billion, not including the investment, according to a person familiar with the matter.

Caitlyn Jenner Memecoin Not a Security, Court Says in Dismissal

A memecoin holder can’t proceed with proposed class claims that Caitlyn Jenner unlawfully sold unregistered securities because the celebrity former athlete’s $JENNER cryptocurrency isn’t a security, a federal court ruled.