EloElo Group, the company behind Indian microdrama app Story TV, raised an $80M Series C co-led by NBCUniversal and Hornbill, bringing its total raised to $130M (Naman Ramachandran/Variety)

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• Nintendo is losing a Switch cartridge supplier

  Memory manufacturer Macronix is shifting its manufacturing focus away from legacy ROM hardware toward data center memory solutions following major drops in cartridge-related revenue. This realignment forces a supply chain transition for the gaming giant, which still heavily relies on traditional boxed software despite broader digital trends across the video game industry.

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• Titan OS, which monetizes smart TVs via ads and FAST deals, raised $46M in equity and debt, for a total funding of $110M, says it has 30M users, up from 18M YoY (Ivan Mehta/TechCrunch)

  The connected television software company relies on advertising and free ad-supported streaming television partnerships to generate revenue across living room displays. With rapid expansion driving a substantially larger consumer base year over year, the firm is strengthening its balance sheet through blended financing. This capital injection positions the business to support its widening reach in the competitive smart television landscape.

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• STAT+: CVS Health to split, reversing years of deal-making to combine pharmacies and insurance

  The corporate division creates two distinct publicly traded entities that dismantle decades of aggressive healthcare consolidation while preserving the well-known CVS branding across both organizations. This dramatic shift isolates the retail drugstore network from the massive insurance, pharmacy benefits, and clinical services operations. However, retaining the high-cost specialty pharmacy within the payer business maintains a contentious alignment that has drawn intense scrutiny over healthcare profits.

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