America’s largest bank has a $3.5 billion plan to tackle ‘AC hate’ of governments across Europe

JPMorgan Chase is reportedly close to acquiring French cooling network operator Idex for over $3.5 billion, amid Europe’s intensifying heatwaves. This potential deal highlights a growing demand for cooling infrastructure in a region historically resistant to widespread air conditioning. The acquisition would bolster JPMorgan’s European presence as rising temperatures fuel the debate over cooling solutions and their political implications.