Stocks will be tested by inflation data and Fed’s interest-rate decision this week.

The kingdom hosted a lavish Arab-China business conference days after a visit from the American secretary of state, inviting companies blacklisted by the United States.

Francis deSouza resigned from gene-sequencing maker after regulators challenged $7.1 billion deal, triggering proxy battle with Carl Icahn.

Private equity giant Apollo Global Management has agreed to provide a substantial investment in data center provider Yondr Group in what the asset manager is calling the first step of a broader partnership.
Apollo announced Monday that its infrastructure fund made a “significant capital investment” in Amsterdam-based Yondr, which develops and operates build-to-suit data centers leased to cloud providers and other hyperscale tenants. While the exact size and terms of the investment weren’t disclosed, both companies indicated proceeds will be used to facilitate the continued build-out of Yondr’s portfolio in Europe and the Americas.
“With increasing global demand for hyperscale data center capacity,…

London-based Cain International is deepening its holdings in New York, taking advantage of dislocation in the banking industry.
Cain bought a $1.2B portfolio of 10 New York construction loans from Pacific Western Bank, it announced in a release. The portfolio is made up of construction loans focused on multifamily and student housing, with an aggregate principal balance of roughly $500M.
The acquisition is the latest investment from UK-based Cain, which is backed by billionaire Todd Boehly and established itself as a major lending player in U.S. markets in 2019 with a $750M construction loan to luxury hotel Aman New York. 
“This marks a significant moment of growth for Cain’s U.S….

The agency had sued to block the blockbuster deal last year. Its latest move in federal court would prevent the acquisition from being completed.

A judge would need to agree to issue the time-limited order; there is no guarantee when or if the agency will file for the request.

Verizon is narrowing its search for a new finance chief and focusing on outsiders who could later transition to become a candidate for the wireless company’s next chief executive, according to people familiar with the matter.

The food-delivery company plans to cut around 400 jobs, with CEO Howard Migdal saying the move is needed to stay competitive.

He said that Jeff Bezos, the owner of The Post, would name a new leader later on Monday.