GSK announced plans to acquire oncology company Nuvalent for $10.6 billion, marking a major expansion of the pharmaceutical giant's cancer treatment portfolio. The acquisition will give GSK ownership of three drug candidates for lung cancer, with two currently under FDA review for potential approval this year.

In the artificial intelligence sector, Apollo and Blackstone raised $35 billion in chip financing for AI company Anthropic, representing one of the largest funding rounds in the AI space. Separately, Applied Digital signed a substantial $5.2 billion lease agreement with a U.S. hyperscaler for AI data center services.

Public market activity also picked up with multiple companies making moves toward or completing public offerings. Indian grocery delivery startup Zepto filed for an IPO, with documents revealing that advertising revenue jumped 151% while overall operating revenue grew 104%, though the company continues to post losses. WhiteHawk Income increased its IPO volume to 7.7 million shares to raise $200.2 million and rebranded as WhiteHawk Minerals.

Additionally, Mission Produce provided updated financial guidance, forecasting $84 million to $88 million in second-half adjusted EBITDA following the close of its Calavo acquisition, with the company targeting $25 million in synergies within 18 months of the deal's completion.