May in Review: 13 Top Finance Press Releases

A roundup of the most newsworthy financial press releases from PR Newswire, including a rebound in consumer confidence and corporate responses amidst tariff uncertainty.

NEW YORK, June 6, 2025 /PRNewswire/ -- With thousands of press releases published each month, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the month's most popular releases and newsworthy trends, here's a recap of some of the past month's most read- and engaged-with stories.

The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.

1. US Consumer Confidence Partially Rebounds in May
   Consumers' pessimism about the future moderates after surging in April. According to the Conference Board Consumer Confidence Index^®, May's rebound in confidence is broad-based across all age, income and political affiliation groups.
2. Chainlink, Kinexys by J.P. Morgan, and Ondo Finance Team Up to Bring Bank Payment Rails to Tokenized Asset Markets
   "The demonstrated cross-chain solution is a testament to what can be achieved through strong collaboration across diverse segments of the Web3 ecosystem, and we are pleased to have worked with Ondo and Chainlink to bring this to life as the first transaction on Ondo Chain testnet," said Nelli Zaltsman, Head of Platform Settlement Solutions, Kinexys Digital Payments at Kinexys by J.P. Morgan.
3. PNC Bank Agrees to Acquire Aqueduct Capital Group to Complement Harris Williams Capabilities
   "This acquisition is complementary to existing capital advisory capabilities provided through PNC's subsidiary Harris Williams and will enable us to expand our ability to serve the global capital needs of the private equity industry," said Michael D. Thomas, head of Corporate & Institutional Banking at PNC.
4. Bain & Company forms global partnership with Palantir to deliver high impact, end-to-end AI transformations for clients
   The partnership enables clients worldwide to accelerate AI-driven productivity gains with enhanced speed and efficiency through Palantir's cutting-edge enterprise AI platforms, yielding tangible impact in weeks.
5. DeFi Technologies Begins Trading on Nasdaq, Announces Shareholder Call to Discuss Q1 2025 Financial Results
   Upon commencement of trading on Nasdaq, the Company's Common Shares will cease to be quoted on the OTC Markets. DeFi Technologies will continue to trade on the CBOE Canada and the Börse Frankfurt exchanges.
6. Parkland Corporation to be Acquired by Sunoco LP
   Sunoco LP and Parkland Corporation have entered into a definitive agreement whereby Sunoco will acquire all outstanding shares of Parkland in a cash and equity transaction valued at approximately U.S.$9.1 billion, including assumed debt.
7. Hometown Food Company, a Brynwood Partners Portfolio Company, Agrees to Acquire the Chef Boyardee^® Brand from Conagra Brands, Inc.
   The $600 million transaction includes the 820,000 square foot facility in Milton, PA, as well as all assets and operations dedicated to the Chef Boyardee brand. The transaction is expected to close in the second quarter of 2025, subject to customary U.S. regulatory review.
8. Hall of Fame Resort & Entertainment Company Enters into Definitive Agreement for Going Private Transaction
   Under the terms of the agreement, HOFV Holdings, LLC will acquire all outstanding shares of the Company's common stock not currently owned by IRG and its affiliates for $0.90 per share in cash. Upon completion of the transaction, the Company's common stock and warrants will no longer be listed on any public stock exchange.
9. Deerfield Management Closes Over $600 Million Healthcare Venture Fund
   The Deerfield Healthcare Innovations Fund III, a fund of over $600 million, will invest in promising therapeutics, improvements to healthcare delivery, and paradigm-shifting technologies.
10. HUB Secures Significant Minority Investment and Reaches New Milestone with $29 Billion Valuation Demonstrating Confidence in the Company's Sustainable Top Tier Organic Growth
    Hub International Limited (HUB), a leading global insurance brokerage and financial services firm, has entered into a definitive agreement for a minority common equity investment of approximately $1.6 billion, valuing HUB at a $29 billion total enterprise valuation.
11. Guardian adds over 20 new and innovative benefits to its hospital indemnity insurance policy, designed to inspire well-being^®
    Guardian's enhanced hospital indemnity insurance policy becomes one of the industry's most comprehensive offerings, going further to support workers' mental, physical, and financial well-being needs. As part of these additions, Guardian becomes the first carrier to include fertility health, family-building, and caregiving wellness solutions directly in hospital indemnity insurance.
12. Strive Asset Management to Combine with Asset Entities to Form First Publicly Traded Asset Management Bitcoin Treasury Company
    The combined company will operate under the Strive brand, remain listed on NASDAQ, and become a public Bitcoin Treasury Company, aiming to maximize Bitcoin exposure per share over the long run, including through novel financial strategies not previously used by other Bitcoin treasury companies, to maximize value accretion for common equity shareholders.
13. Finastra to Sell Treasury and Capital Markets Division to Apax Funds
    Upon completion of the transaction, Finastra's Treasury and Capital Markets (TCM) business will be rebranded and operated as a standalone business. With a client base of over 340 financial institutions, TCM is a trusted enabler of risk management, regulatory compliance, and capital markets operations.

For more news like this, check out all of the latest finance-related releases from PR Newswire.

Trending Topics 

Among the finance news that was distributed in May, the PR Newswire team was able to spot several larger stories that highlight the trends shaping the industry.

• Corporate Tariff Tactics: Press releases throughout May showcased how businesses transformed tariff challenges into strategic opportunities and innovative corporate responses. Gap International launched "Lightning in a Bottle" to help executives deliver results amidst uncertain markets, while consulting firms Kearney and J.S. Held both capitalized on demand by launching comprehensive tariff impact solutions. The corporate adaptation was swift and decisive—80% of corporations reported reworking ESG strategies amid policy shifts and 73% of HR leaders expressed confidence in their ability to navigate the tumult, according to survey results published by The Conference Board.
• Summer Spending Shift: As the start of summer travel kicked off, American consumers faced financial contradictions this May, according to multiple industry studies. Deloitte found that people plan to travel more this summer while simultaneously cutting back on spending, a trend reflecting careful consumer prioritization. Generali Global Assistance's 2025 Holiday Barometer revealed Americans are seeking "meaningful getaways closer to home," suggesting a shift toward value-conscious vacation planning. Meanwhile, data from Trustpilot's 2025 Summer Spending Survey echoed similar patterns, emphasizing consumer's sense of financial caution this summer.
• Small Biz Spotlight: National Small Business Week showcased a plethora of innovative financing and specialized services. ADP celebrated with insights from nearly 18,000 small business owners who stayed confident amid uncertainty. Comerica Bank swung big with a $250,000 contribution to community organizations while Progressive drove small business forward with $1 million in commercial vehicle grants. Consulting IQ offered free access to its AI digital business platform and Iris® Powered by Generali launched identity and cyber protection bundles specifically for small business owners. The Most Entrepreneurial Cities of 2025 research proved size doesn't matter when accessing capital and innovation, despite new data from the National Small Business Association revealing economic uncertainty weighs heaviest on small business decision-making.

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