UBS and robo-adviser Wealthfront agree to terminate their $1.4B merger deal; UBS says it will buy a $69.7M convertible note in Wealthfront at the same valuation (Denny Jacob/Wall Street Journal)

Denny Jacob / Wall Street Journal:
Nvidia, which had suspended shipments to Russia, plans to close its Russian offices and offer employees the option to continue their jobs in other countries  —  Chip maker says it can no longer operate effectively in country because of recent developments  —  Nvidia Corp. NVDA 3.07%▲ …

Denny Jacob / Wall Street Journal:
HP to lay off 4,000 to 6,000 employees, or up to 12% of its workforce, over the next three years as part of a plan to achieve $1.4B in annualized cost savings  —  Dell warns of a worsening decline after a 17% drop in third-quarter laptop and desktop sales  —  HP Inc. HPQ 0.75%increase …

Gregory Zuckerman / Wall Street Journal:
Sources: seeking to increase profits, Coinbase hired Wall Street traders and explored using its own cash to trade crypto in 2021, including a $100M transaction  —  The company completed a $100 million transaction before ending the effort.  It says that it hasn’t engaged in proprietary trading.

Manish Singh / TechCrunch:
Indian B2B marketplace Udaan raised $120M in convertible notes and debt, taking its funding to $350M+ in the past year, and plans an IPO in 12-18 months  —  India’s Udaan has raised $120 million in convertible notes and debt led by existing shareholders and bondholders …

Rafaela Lindeberg / Bloomberg:
Swedish last-mile delivery startups Instabox and Budbee plan to merge and create Instabee, valued at ~$1.66B  —  Swedish last-mile delivery operators Instabox AB and Budbee AB plan to merge to create a new company at a valuation of 18 billion kronor ($1.66 billion), according to an emailed statement.

Adele Peters / Fast Company:
GiveDirectly and Google.org are using AI mapping and satellite imagery to find low-income hurricane survivors in Puerto Rico and Florida and send cash payments  —  Storms worsen inequality.  These $700 cash payments can help lessen the blow.  —  After a disaster like Hurricane Ian …