300,000 energy customers could be switched to EDF in shake-up

Britain’s government approved a 20-year life extension for the Sizewell B nuclear plant in Suffolk, owned by EDF, allowing it to generate until 2055. Sizewell B, synchronized with the grid in 1995, was due to close within the next decade. The deal pays EDF £70.50 per MWh from 2035 and involves Centrica’s 20% stake.

Mistral AI said it is expanding into advanced manufacturing, signing deals with Airbus SE and BMW AG to apply its “physical AI” to areas including design, simulation and quality control. Financial terms were not disclosed. Mistral targets €1bn+ revenue by 2026, plans ~€10bn capex for data centers, and expects a 10MW inferencing site near Paris to open in Q3.

China Rare Earth Group is in talks to take a controlling stake in Shenghe Resources, a move that would tighten Beijing's control over rare earth elements. Shenghe holds a 3% stake in U.S. rare earth producer MP Materials, which received a $400 million investment from the Pentagon. MP Materials' shares fell 2.35% to $48.22 after the talks were reported.

S&P Global agreed to acquire OpenZeppelin, a provider of open-source smart contract code used in most major stablecoins. The deal, S&P's second crypto-related acquisition in three days, gives the ratings firm control over the infrastructure behind tokenized assets. OpenZeppelin's code has facilitated over $37 trillion in value, according to the company. S&P Global's stock closed at $406.76 on September 16, near its 52-week low.

Paramount and California AG Rob Bonta are reportedly in advanced talks to settle an antitrust suit over Paramount's takeover of Warner Bros. Discovery. The talks involve potential compromises, such as operating the studios separately, but Bonta prefers structural remedies. A trial is scheduled for 2027, and a hearing on a $1.88 billion bond request is set for September 24. The $111 billion deal is backed by investors including Larry Ellison and Middle Eastern sovereign wealth funds.

Microsoft plans a $44.6 billion hostile takeover bid for Yahoo, aiming to counter Google's dominance. Yahoo's board held an emergency meeting to discuss the offer, which may face regulatory scrutiny. The deal could reduce competition in the internet market.