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Delayed 15 min · 11:01 GMT

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SpaceX catches a Starship back from orbit for the first time Canada wraps up free-trade talks with the Philippines and ASEAN, opening a market of 700 million The great flattening: AI is cutting middle managers. Nvidia shows the risk! Samsung reportedly in talks to buy US data-centre cooling specialist Modine Oil holds near $95 as tankers keep getting hit in Hormuz Seoul upgrades economy to “solid growth” as chip exports nearly triple Qatar Airways restores Riyadh and Dammam as Etihad extends Saudi suspension IEA flips to oil surplus: Q4 supply to beat demand by 1.7M bpd Cartier owner Richemont slides 9% as jewellery growth halves Anthropic’s $61B IPO reportedly six times oversubscribed ahead of pricing

SpaceX catches a Starship back from orbit for the first time Canada wraps up free-trade talks with the Philippines and ASEAN, opening a market of 700 million The great flattening: AI is cutting middle managers. Nvidia shows the risk! Samsung reportedly in talks to buy US data-centre cooling specialist Modine Oil holds near $95 as tankers keep getting hit in Hormuz Seoul upgrades economy to “solid growth” as chip exports nearly triple Qatar Airways restores Riyadh and Dammam as Etihad extends Saudi suspension IEA flips to oil surplus: Q4 supply to beat demand by 1.7M bpd Cartier owner Richemont slides 9% as jewellery growth halves Anthropic’s $61B IPO reportedly six times oversubscribed ahead of pricing

Industries

Samsung reportedly in talks to buy US data-centre cooling specialist Modine

Modine was worth about $5.6 billion before the news. It traded at $136.90 after hours on November 12, up $30.80, or 29.03%.

Market Signals | 15 November 2026

Samsung reportedly in talks to buy US data-centre cooling specialist Modine

The AI gold rush has a heat problem, and Samsung wants to own the fix. The Korean giant is reportedly in talks to buy Modine, a Wisconsin firm that makes the systems keeping data centres from overheating.

The numbers explain the interest. Modine’s data-centre sales jumped 95% last quarter to $440 million, and its shares rose 29% on the report.

The bigger story is where the money is moving. After chips and power, cooling is the next bottleneck in AI infrastructure. Samsung already bought Europe’s FläktGroup last year, and Modine would be a much bigger bet.