Trump Urges 30-Day Russia-Ukraine Ceasefire, Zelenskyy Responds
U.S. President Donald Trump called for a 30-day unconditional ceasefire between Russia and Ukraine, with Ukrainian President Zelenskyy saying Kyiv is ready to comply immediately.
In a flurry of negotiations following President Donald Trump’s inauguration, Google has significantly accelerated its acquisition of Israeli cybersecurity firm Wiz, elevating its offer from an initial $23 billion to a whopping $32 billion—one of the largest tech deals in history.
Sources familiar with the matter say that a more favorable antitrust outlook under the new administration was the decisive factor in reviving and sweetening the deal.
Executives revealed that discussions, which had stalled less than a year ago, gained renewed momentum just eight weeks after Trump took office. Key appointments in the White House—particularly within antitrust circles—instilled confidence in both Google and Wiz that regulatory scrutiny would be less severe than anticipated. “The prospect of a friendlier review process made it hard for Wiz executives to turn down the revised offer,” one source said.
The deal, now valued 39% higher than the original bid, includes a reverse breakup fee exceeding $3.2 billion—more than 10% of the total transaction value. This fee, intended to compensate Wiz if the deal collapses due to regulatory reasons, dwarfs typical breakup fees that usually range between 4% and 7% of the deal’s value, according to industry studies.
Wiz’s new Chief Financial Officer, Fazal Merchant—who joined the company in January—and CEO Assaf Rappaport have been instrumental in finalizing the agreement, while Google’s cloud chief Thomas Kurian played a pivotal role in shaping the deal’s framework. Sources indicated that prior to Trump's inauguration, negotiations were sporadic, but regular meetings commenced soon after key antitrust officials were appointed, including Andrew Ferguson at the FTC and Gail Slater at the Justice Department.
The revised offer not only makes the deal economically attractive, with Wiz reportedly generating over $700 million in annualized revenue and experiencing 70% annual revenue growth, but also addresses concerns raised by Wiz’s venture-capital backers. Many had been wary following the collapse of Adobe's $20 billion attempt to acquire Figma due to antitrust challenges, and were particularly anxious about potential regulatory hurdles under the previous administration led by FTC Chair Lina Khan.
While it remains unclear if Google and Wiz engaged in preemptive discussions with U.S. antitrust authorities—a tactic employed by some companies to smooth the regulatory path—the Trump administration’s actions have, at least according to sources, provided a more predictable environment for the deal’s completion.
Bank of America advised Google on the transaction, with Goldman Sachs advising Wiz. Neither Google, Wiz, nor officials from the White House and Justice Department have immediately responded to requests for comment.
As the deal now nears its final stages, industry watchers are noting how shifts in U.S. regulatory policy can dramatically alter the dynamics of major tech acquisitions, setting a precedent for future transactions in a rapidly evolving digital economy.
India has fired a series of missiles into Pakistani-controlled territory, in what it has described as “Operation Sindoor”
Discover every major VE Day 80 event in Britain, 5‑8 May 2025—from London’s parade and fly‑past to street parties, concerts and museum exhibitions.
For the first time in history, an American has been chosen to lead the Catholic Church, as Cardinal Robert Prevost is named pope.
Chinese e-commerce platform Temu has announced it will no longer sell goods directly from China to U.S. customers, shifting instead to U.S.-based sellers amid the closure of a long-criticized customs loophole.
Cardinals from 70 nations have gathered in Vatican City to begin the historic conclave to elect the next pope, following the death of Pope Francis 17 days ago. This conclave is the most geographically diverse in Church history, showcasing Francis’ legacy of inclusivity.
Ukraine is exploring whether to replace the U.S. dollar with the euro as its reference currency, as Kyiv aligns more closely with the EU and global trade fractures deepen.
The U.S. Federal Reserve kept its benchmark federal funds rate unchanged on Wednesday, maintaining the target range at 4.25% to 4.50%, in a widely expected move as the central bank navigates a complex economic environment marked by slowing inflation, global trade tensions, and political pressure.
Ford is raising prices on three of its Mexico-made models starting May 2, becoming one of the first major automakers to react to U.S. President Donald Trump's steep auto tariffs, which are reshaping industry costs and consumer prices.
As European NATO countries rush to strengthen their armed forces, large pension bills threaten to divert funds from urgently needed military hardware.
The European Commission has presented a roadmap to ensure the EU fully ends its dependency on Russian energy, while ensuring stable energy supplies and prices across the EU.
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