UK's Warehouse REIT shifts allegiance to Blackstone's sweetened bid
Blackstone raised its offer for the London-listed company to about 489 million pounds ($662.20 million) on Thursday, outbidding Tritax's cash-and-stock offer of 485.2 million pounds.
($1 = 0.7384 pounds)
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Wall Street Journal
24 minutes ago
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TNB Tech Minute: Trump Touts Billions in Investments to Create AI Hub in Pennsylvania - Tech News Briefing
Full Transcript This transcript was prepared by a transcription service. This version may not be in its final form and may be updated. Julie Chang: Here's your afternoon TNB Tech Minute for Tuesday, July 15th. I'm Julie Chang for The Wall Street Journal. President Trump touted billions of dollars in investments from some of the world's biggest companies to create an artificial intelligence hub in Pennsylvania. Trump made the announcement during an AI and energy summit at Carnegie Mellon University earlier today. Google said it would put $25 billion into data centers and related infrastructure in the state and the surrounding region over the next two years. Private equity firm Blackstone promised another $25 billion and AI startup CoreWeave announced a $6 billion investment. Plus, Apple has struck a deal with MP Materials to buy $500 million worth of rare earth magnets. The move helps the iPhone maker expand its US supply chain. MP will supply Apple with magnets it produces in a Texas facility and use recycled materials processed at a site MP will build in California. Such magnets are used in iPhones as well as audio equipment and microphones inside various Apple products. MP said shipments are expected to begin in 2027. Finally, Tesla's VP of Sales, Service, and Delivery in North America has left the company. That's according to people familiar with the matter. Troy Jones had been with the electric car maker for 15 years. It's the latest high-level departure at Tesla. Less than a month ago top aid to CEO Elon Musk and top AI executive Omead Afshar left the company. Tesla has been facing declining sales and shrinking margins amid increased competition and pressure on its brand stemming from Musk's stint in politics. And that wraps up your TNB Tech minute for today. Join us again tomorrow morning for your next quick tech update.
Yahoo
41 minutes ago
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Most important part of chancellor's annual Mansion House speech was what wasn't said
The real story from Tuesday night's Mansion House was more what didn't happen than what did happen. These speeches are traditionally the chancellor's big annual opportunity to announce reforms to the financial sector, and to the way the government taxes and regulates the money system. Speculation was rife in the run-up to this one that Rachel Reeves would impose new constraints on the amount that people can put into tax-free ISA savings. Some wondered, too, whether the chancellor would impose new taxes on the banking system, softening the blow slightly by loosening the capital requirements and certification rules that make it harder to recruit top bankers. In the event, neither happened. The chancellor did not announce any changes to the ISA scheme, though she added that she "will continue to consider further changes to ISAs". She didn't announce an increase of the bank levy, as some suspected, though she did loosen some of the regulations facing bankers. Read more: There was a host of other plans announced, collected into a package Ms Reeves has dubbed the "Leeds Reforms" (after the city which contains her constituency - also home to many financial firms). The chancellor said these amounted to "the most wide-ranging package of reforms to financial services regulation in more than a decade". But given the previous chancellor, Jeremy Hunt, made very similar noises three years ago when he announced his own "Edinburgh Reforms", and given many in the financial sector judge that very little has changed, you have reason to be a little sceptical. Impactful reforms None of which is to say you won't be affected by any of the reforms announced on Tuesday night. If you are planning to buy a home, one change just announced (actually by the Bank of England, not the Treasury) should serve to make more high loan-to-value mortgages available for buyers - in particular, mortgages at more than 4.5 times a buyer's income. However, perhaps the most significant of all the elements of the chancellor's speech wasn't the "Leeds Reforms" or the fact that there weren't changes to the ISA regime or the bank levy - it was the fiscal elephant in the room. Because only a couple of weeks ago, everything changed. The government performed a drastic u-turn on its welfare reforms, leaving a gaping hole in the public finances, that (all else equal) will have to be filled with either higher taxes, less spending or more borrowing. Shortly afterwards, the chancellor was pictured in tears in the House of Commons. Markets responded dramatically. This was the chancellor's first speech since that moment. So the real question on Tuesday night was whether she would refer either to the black hole or to the tears. Well, there was a glancing reference to the latter. Referring to a recent visit to a school, where she was asked what job she most wanted in the world, the chancellor said: "Given the events of the last few weeks, I suspect many of you would sympathise if I had said: 'anything but chancellor.' "But I didn't. "I am proud to stand here tonight and address you for a second time at Mansion House as the Chancellor of the Exchequer." Speaking of the fiscal rules hemming her in, she also said: "This government and I remain committed to our non-negotiable rules." All of which raises the question: how will the government meet those rules? The most likely answer is: higher taxes. The real question is: which taxes, and when do we learn about them? The Mansion House speech provided no further answers.
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Amazon Names MyFBAPrep a Recommended FBA Prep Service Provider
Selection Signals Trust in MyFBAPrep's Scale, Operational Excellence, and Compliance Rigor CORAL SPRINGS, Fla., July 15, 2025 /PRNewswire/ -- MyFBAPrep, the leading global eCommerce warehouse network, has been selected by Amazon as a Recommended Prep Service Provider for Fulfillment by Amazon (FBA), following Amazon's most extensive national vetting process to date. The rigorous evaluation spanned hundreds of performance, compliance, and scalability data points aimed at identifying logistics partners capable of delivering Amazon-grade prep services to its 1.1 million active marketplace sellers in The United States. The program is designed to spotlight a curated handful of logistics providers that can reliably execute prep to meet more than 1 billion units of projected annual demand across the U.S., in accordance with detailed Amazon FBA standards. The program is not only a signal of operational excellence—it positions selected partners to receive inbound prep demand directly from Amazon's Seller Central platform and partner network. To become a Recommended FBA Prep Service Provider, MyFBAPrep had to prove its excellence in the following categories: Execution of Core Prep Services – Providers were required to offer all seven of Amazon's critical prep activities: item labeling, bagging, bubble wrap, cap sealing, boxing, opaque bagging, and set creation. Each service needed to be executed per Amazon's official documentation, including drop-test requirements, suffocation warnings, and barcode compliance standards. National Geographic Reach and Service Agility – The selected vendors needed to demonstrate the ability to serve sellers and ship to Amazon facilities located anywhere in the U.S., including regional demand across central, midwest, and northeast hubs. Capacity to Meet High-Volume Demand – Amazon modeled prep volumes across the network at over 1 billion units annually, including 850M in item labeling and 160M in polybagging alone. Providers were scored on their ability to flex to this scale while maintaining service-level agreements. Compliance With Safety, Packaging, and Labeling Standards – Amazon's technical standards included detailed requirements for barcode placement, adhesive quality, adult-content concealment, and hazard labeling. Transparency in Rate Governance and SLAs – Amazon required clearly defined, tiered or flat rates for each prep type, with providers specifying how frequently rate cards may change and detailing average turnaround times between receiving inventory and delivering to FBA . Security, Certification, and Legal Compliance – Vendors were reviewed for their ability to comply with all federal, state, and local regulations governing packaging, shipping, and storage, as well as their use of secure IT infrastructure and adherence to data protection standards. Customer Service, Visibility, and Centralized Operations – The final selection emphasized the ability to provide centralized invoicing, account management, and full visibility into prep activity. This ensures alignment with Amazon's promise of speed, precision, and service excellence. "Amazon's evaluation wasn't surface-level—it was forensic. They asked us to align to over a billion units of forecasted volume, meet rigorous safety standards, and demonstrate national fulfillment at scale without compromise. They examined whether we could not only perform at scale, but do so with consistency, integrity, and accountability across every dimension of operations," said Tom Wicky, Co-Founder and CEO of MyFBAPrep. "We're incredibly proud to be selected and grateful to our network for rising to the challenge. Being selected from this field is a tremendous honor—and one that confirms our position as a foundational player in modern eCommerce logistics. This recognition is not just an award—it's a mandate to lead." Analytics suggest high prep demand from product categories including drugstores, beauty, grocery, home, and apparel. This selection cements MyFBAPrep's position as a critical infrastructure partner for sellers looking to scale within Amazon's ecosystem—providing the operational depth, compliance framework, and service flexibility needed to meet the demands of the modern digital shelf. About MyFBAPrepMyFBAPrep is the leading eCommerce logistics platform, delivering scalable, tech-enabled fulfillment solutions for high-growth brands, omnichannel sellers, and top Amazon merchants. With a network of 100+ warehouses and 85 million square feet of space across the United States, Canada, Mexico, the United Kingdom, mainland Europe, and Australia, MyFBAPrep powers Amazon FBA prep, direct-to-consumer (DTC) fulfillment, retail and wholesale distribution, and B2B logistics. The company's proprietary SaaS platform, Preptopia®, provides real-time inventory visibility, predictive analytics, and automated order routing—ensuring speed, accuracy, and cost-efficiency at scale. Backed by premium customer service and dedicated account management, MyFBAPrep helps brands streamline operations, reduce costs, and scale faster. For more information, visit For more information, contact: Tom WickyCourtney Dennis Co-Founder & CEODirector of Communications tom@ 786-351-3454619-952-1856 View original content to download multimedia: SOURCE MyFBAPrep Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
