Giant Co.

Google DeepMind, Meta and AI drug discovery startup Isomorphic Labs are jointly investing $300 million in CZ Biohub, the nonprofit biomedical research organization co-founded by Mark Zuckerberg. The funding will support efforts to build a 'virtual cell' — an AI-driven model of cellular biology that could accelerate drug discovery and disease research.

Giant Co., the US grocery retailer, is broadening its well-being services tailored to customers using GLP-1 weight-loss medications. The expanded offerings are aimed at supporting shoppers on drugs like Ozempic and Wegovy with nutrition guidance and related in-store and pharmacy resources. The move reflects how grocers are racing to serve the fast-growing population of Americans taking GLP-1 treatments.

David Ellison has appointed Ynon Kreiz as co-CEO of his newly formed media company, pairing the Paramount Skydance leadership with Kreiz, the former Mattel chief best known for turning the toy giant into a film and entertainment brand. The move signals how Ellison plans to structure his expanded empire, splitting creative and operational duties between the two executives as the company takes shape.

Recruit Holdings Co., Ltd., the Japanese human resources and staffing giant behind job platforms including Indeed and Glassdoor, is attracting investor interest in its over-the-counter traded shares (RCRRF). Traders are checking price quotes, historical performance and recent news on the company as they weigh positions in the Tokyo-listed group, which is a key bellwether for global hiring trends.

Private equity giant Kohlberg Kravis Roberts has issued warnings about credit risk tied to AI and related technologies, citing the sector's growing domination of debt markets and the possibility of a market correction. The firm, famously known from 'Barbarians at the Gate', now adds its voice to a widening chorus of financial institutions cautioning over AI-driven exposure.

Paramount is appointing Ynon Kreiz, the former Mattel chairman and CEO, as co-CEO ahead of the expected close of its $110 billion merger with Warner Bros. Discovery. The move signals how the combined media giant will be led once the deal completes, pairing Kreiz with existing leadership as Paramount prepares to run a far larger film, television and streaming business. Commentators are watching what a toymaker chief brings to a Hollywood studio at such a pivotal moment.