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Industry

Anduril valuation doubles to $61 billion ahead of IPO after $5 billion funding

U.S. defence technology startup Anduril has raised $5 billion, lifting its valuation to $61 billion, double its previous $30.5 billion, as it approaches an initial public offering. The funding round was led by Thrive Capital and Andreessen Horowitz. Anduril plans to spend the proceeds on manufacturing, research and infrastructure. CEO Brian Schimpf said the company will invest aggressively to expand defence system production for the United States.

Industry

Trump cites NATO Greenland framework, rules out force and drops tariffs

U.S. President Donald Trump said a meeting with NATO Secretary General Mark Rutte produced a framework for a future deal on Greenland and much of the Arctic. He said the outcome would benefit the United States and all NATO members and that he would not impose tariffs planned for Feb. 1. Trump said talks could be handled by Vice President JD Vance, Secretary of State Marco Rubio and others, and cited further discussions on Golden Dome and mineral rights.