WS #15702
Salesforce shares are trading higher following a substantial upgrade from Bank of America Securities, which raised its rating to Buy and increased its price target to $285. In the energy sector, TotalEnergies and KKR have struck a $1.2 billion deal to expand their US solar joint venture by 700 MW, signaling continued institutional confidence in renewable infrastructure despite macroeconomic headwinds. Microsoft President Brad Smith has urged the implementation of global AI regulation, arguing that the technology currently faces fewer safety rules than the dairy industry. This call for stricter oversight highlights growing institutional concern regarding AI safety and governance, which could impact the valuation multiples of unregulated AI startups and increase compliance costs for major tech platforms.
Corporate Upgrades and M&A
Salesforce shares are trading higher following a substantial upgrade from Bank of America Securities, which raised its rating to Buy and increased its price target to $285. In the energy sector, TotalEnergies and KKR have struck a $1.2 billion deal to expand their US solar joint venture by 700 MW, signaling continued institutional confidence in renewable infrastructure despite macroeconomic headwinds.
Microsoft President Brad Smith has urged the implementation of global AI regulation, arguing that the technology currently faces fewer safety rules than the dairy industry. This call for stricter oversight highlights growing institutional concern regarding AI safety and governance, which could impact the valuation multiples of unregulated AI startups and increase compliance costs for major tech platforms.