Nvidia Corp. (NASDAQ: NVDA) has agreed to acquire artificial intelligence platform Hugging Face for $12.9 billion. The transaction aims to scale Hugging Face’s infrastructure and expand global access to AI tools for developers and institutions.

Strategic Acquisitions

Flex Ltd. (NASDAQ: FLEX) announced the acquisition of EPC Power for $4.4 billion. The deal is expected to close in the fourth quarter of 2026, integrating EPC Power into Flex’s Cloud and Power Infrastructure segment. Flex plans to spin off this segment as an independent public company in the first quarter of 2027.

Eli Lilly and Company (NYSE: LLY) will acquire Merida Biosciences, Inc. for $2.8 billion in cash. The biotechnology firm focuses on precision therapeutics for autoimmune and allergic diseases. The transaction is subject to regulatory approval and expected to close in the fourth quarter of 2026.

Private equity firm KKR & Co. (NYSE: KKR) agreed to buy A1 Garage Door Service for approximately $2 billion. Diversified Energy Company (NYSE: DEC) purchased Birch Permian Holdings, Inc. from Elliott Investment Management affiliates for approximately $1.8 billion, with closing expected in late 2026.

Other Transactions

Barilla Group acquired the macaroni and cheese brand Goodles. Terms were not disclosed, but Goodles will remain headquartered in Santa Cruz and operate independently under CEO Jen Zeszut.

Yellow Wood Partners bought Nestle’s Holistic Health portfolio for approximately $1 billion. Starman Optical agreed to acquire GoPro (NASDAQ: GPRO) for $285 million, with GoPro remaining publicly listed. The Descartes Systems Group acquired Extensiv for approximately $120 million. Palo Alto Networks (NASDAQ: PANW) purchased Console, an AI-native security platform, on undisclosed terms.

Completed Deals & Divestitures

LongRange Capital completed its acquisition of Pizza Hut (excluding Mainland China) from Yum! Brands, Inc. (NYSE: YUM) for approximately $1.5 billion, plus a potential $75 million earn-out by 2030. S&P Global (NYSE: SPGI) completed the divestment of its geoscience software portfolio to Schlumberger. The company stated the transaction would not materially impact financial results.

Bankruptcy Filings

Park Place Partners Development LLC filed for Chapter 11 protection, reporting assets and liabilities between $10 million and $50 million. RanchlandMTX LLC also filed for Chapter 11, with assets and liabilities in the same range.

Wagyu 100 LLC reported assets between $10 million and $50 million against liabilities of $1 million to $10 million. Asani Restaurant Group LLC filed with less than $50,000 in assets against liabilities of $500,000 to $1 million. Z Metal Works Inc. entered proceedings with assets between $100,000 and $500,000 and liabilities ranging from $1 million to $10 million.

Senator Sheldon Whitehouse sold NVIDIA (NASDAQ: NVDA) shares valued between $19,005 and $110,000 on August 13, 2026. The transaction was disclosed in a report filed on September 2, 2026.

At the time of reporting, NVIDIA shares were trading at $226.42, up 0.9%.

Recent Trading Activity

Over the past three years, Whitehouse has executed 121 trades totaling over $1.06 million. His largest positions have been in Tesla and NVIDIA. Recent transactions include purchases of NVIDIA and Coherent (NYSE: COHR) stock, each valued between $15,001 and $50,000.

Regulatory Context

The STOCK Act, signed into law by Former President Barack Obama in April 2012, prohibits members of Congress from using private information for personal gain. The act requires representatives and senators to file a Periodic Transaction Report within 45 days of the transaction date and within 30 days of being notified of the transaction.

What the Numbers Show

Whitehouse’s recent activity shows a concentrated exit from technology holdings. On August 13, 2026 alone, he executed partial sales of NVIDIA stock totaling between $16,002 and $65,000 across two separate transactions, alongside a sale of Lam Research shares. This contrasts with his broader three-year history of accumulating large positions in tech giants like Tesla and NVIDIA, suggesting a strategic rebalancing rather than a complete divestment from the sector.