Warburg Pincus

DAX Falls; Bayer Rises as Munich Re, Siemens Energy Drop

German stocks moved lower on May 12, 2026 as renewed tensions in the Middle East weighed on investor risk appetite and pushed oil prices higher. The DAX fell about 0.7% to 24,175 points while the MDax and EuroStoxx also declined. Bayer shares rose more than 5% following stronger-than-expected quarterly results driven by agricultural seed businesses and cost savings. Munich Re and Siemens Energy shares slipped (Munich Re down over 4%) despite Munich Re reporting higher profit and reaffirming its annual targets. In the mid- and small-cap space Jenoptik rallied roughly 12% on strong semiconductor-related orders, while Elmos and Medios posted double-digit losses. Brent and WTI oil rose to about $105.36 and $99.52 per barrel respectively. The article cites comments from portfolio managers and bank analysts who expect a prolonged market reaction to geopolitical risks.

OpenAI launches Deployment Company, acquires Tomoro

OpenAI has launched the OpenAI Deployment Company (DeployCo), a new majority‑owned subsidiary designed to help organizations build and deploy reliable AI systems in production. DeployCo will embed specialized engineers called Forward Deployed Engineers (FDEs) into customer organizations to redesign workflows, integrate models with data and controls, and turn use cases into durable production systems. OpenAI has agreed to acquire Tomoro, an applied AI consulting and engineering firm, bringing roughly 150 engineers to DeployCo. The new entity launches with more than $4 billion of initial investment and a coalition of 19 founding partners and investors led by TPG with co-leads Advent, Bain Capital and Brookfield; consulting partners include Bain & Company, Capgemini and McKinsey & Company. The Tomoro acquisition is subject to customary closing conditions and regulatory approvals.

Netflix acquires Night School Studio; Sisu raises USD$62m (£46m) in investment - ExchangeWire.com

Netflix has announced the acquisition of Night School Studio, marking the streaming giant’s first major foray into gaming as it expands its exclusive game slate following prior mobile game launches in Europe. Night School Studio, known for Oxenfree and founded in 2014, will join Netflix to broaden its interactive entertainment strategy. In parallel, Sisu Data raised USD 62 million in a Series C led by Green Bay Ventures, with NEA, Andreessen Horowitz, and Geodesic Capital participating, bringing Sisu’s total funding to over USD 128 million. The company also introduced two new capabilities, Explorations and Dashboards, to accelerate data-informed decision making. Astera Labs secured USD 50 million in a Series C led by Fidelity, Atreides Management, and Valor Equity. Syndio completed a USD 50 million Series C led by Bessemer Venture Partners, bringing total raised to USD 83 million. Conexiom disclosed a growth investment of USD 130 million led by Warburg Pincus with Luminate Capital, lifting total funding to about USD 170 million. Quotes from Mike Verdu, Peter Bailis, and Ray Grady accompany the report.