Roche Acquires PassAI, Wall Street Hits New Records, Otedola's N43.4B Deal | May 13, 2026

Executive Summary

Today's business landscape is marked by Roche's strategic acquisition of PassAI, confirming the growing potential of AI in the medical sector. Otedola's investment of N43.4 billion in First HoldCo signals a notable shift in investment trends, positioning him as a key player in emerging markets. On Wall Street, the tech sector continues to dominate as the S&P 500 reaches new heights, driven by a robust biotech sector despite a pullback in semiconductor stocks.

Startups — 2 articles

The acquisition of PassAI by Roche exemplifies the rising demand for AI solutions in healthcare, with Lunit emerging as a significant beneficiary of this trend.

• Potentiel de croissance de l'IA médicale prouvé par l'acquisition de PassAI par Roche... Le plus grand bénéficiaire est « Lunit » — eDaily (KR)
• Otedola acquires N43.4 billion shares in First HoldCo — Premium Time (NG)

Markets — 5 articles

Wall Street's bullish behavior, particularly in tech stocks, has overshadowed inflation concerns, leading to record highs in the S&P 500 despite variances in other sectors like semiconductors.

• La biotechnologie rebondit alors que les stocks de semi-conducteurs reculent[K-Bio Pulse] — eDaily (KR)
• Poussée par les entreprises technologiques, Wall Street ignore l'inflation et établit de nouveaux records — Jornal de Brasília (BR)
• Le Dow Jones chute – Le S&P 500 atteint un niveau record après le rallye des puces IA — Invezz (SE)
• Nouveaux records à Wall Street - Ford s'est précipité — Privata Affarer (SE)
• Thessalonique : FedEx quitte l'aéroport « Macédoine » — in.gr (GR)

Business — 5 articles

Key players including Musk and Cook are making headlines in international business negotiations, illustrating a growing urgency for tech giants to engage in the lucrative Asian markets.

• Musk, Cook and Mr Nvidia: Big tech on Air Force One to Beijing and the rush for business begins — La Repubblica (IT)
• Trump arrives in China: tariffs, Iran and Taiwan at the most important bilateral summit in 2026 — El Colombiano (CO)
• Otedola acquires N43.4 billion shares in First HoldCo — Premium Time (NG)
• Snap’s Q1 Makes Its AR Glasses Bet Harder To Ignore — Forbes (US)
• 14 percent growth: Why Adidas is suddenly doing better than Nike — Frankfurter Allgemeine (DE)