Alex met Sam at nursery. They were first loves. They built forts together, shared sandwiches in high school and were each other's first kiss.

They were the dream couple until Sam got into EDM music.

While Alex enjoyed folk, first loves are kind of like your current account. If they aren't working for you anymore,

maybe it's time to switch with the current account switch service.

Chip designer arm tees up the years hottest IPO plus Microsoft revises its Activision takeover plan in a bid to win backing from UK regulators and the US solar industry finds willing hosts above your storage unit.

It really takes a lot of space to get to the utility scale generation and self storage facilities, which are of course all over America and have huge empty rooftops.

So they generate enough power for their own needs and then to send back to the grid.

It's Tuesday, August 22nd. I'm Luke Vargas for the Wall Street Journal and here is the AM edition of What's News, the top headlines and business stories moving your world today.

And we begin with big tech because Microsoft is once again attempting to buy video game maker Activision Blizzard.

According to a Microsoft blog post, a new deal proposal has been sent to UK regulators that includes the transfer of cloud streaming rights for current and future Activision Blizzard games to publisher Ubisoft Entertainment.

The UK's competition authority, which rejected the acquisition earlier this year, said today it was reviewing the proposal and set an October deadline for a response.

Microsoft has now spent more than a year and a half trying to convince competition authorities around the world to accept the $75 billion Activision deal.

Investors are also dissecting chip designer arms plans for an initial public offering after filing from the company last night set up what is likely to be the biggest listing of the year.

Journal semiconductor reporter Ace of Fitch says that among other things, the filing revealed that Japan's soft bank only plans to list a minority stake in arm of roughly 10%.

Arms profit is going down. It went down more than 50% in its most recent quarter. It disclosed also that its revenues have been declining.

The prospects for arm in the longer term, however, are fairly good. They see that their core market of chips that go into smartphones and PCs and TVs and cars should grow by almost 7% a year to reach around $247 billion.

By the end of 2025, and that's one of the reasons the IPO is generating a lot of excitement.

Arms NASDAQ listing is set to take place next month.

And in the meantime, investors are ramping up their bets on chip maker Nvidia.

According to data from CBOE Global Markets through mid-August, investors that are writing interest in AI technology have dished out more than $100 billion on Nvidia options this year,

with about 60% of that tied to call options used to bet on a continued rally.

Journal Markets reporter Anna Hurtinstein

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