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...The legislation would still require approval by the Senate and President Joe Biden’s signature....
...The company was bought by US buyout group American Securities in 2011 before Apollo agreed to acquire it in 2014....
...With a presence in 11 countries, Wellhub is a rare instance of a Latin American technology business accomplishing success outside of the region....
...Check out this cool Marimekko chart that Louis made showing the number of people employed and the share of the total industry employed by PE: The proportion of working Americans employed by private equity...
...power, access, capability, control in the hands of TikTok’s parent in [the] Chinese government, and ultimately in the Chinese intelligence service,” Wray told NBC television on Tuesday....
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...Internet service providers would be compelled to block access to TikTok on the web....
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...Merchants are currently able to charge an extra fee for consumers who use American Express cards, but Visa and Mastercard have blocked sellers from doing so for their users....
...It still needs Senate approval and President Joe Biden’s signature....
...Quick links BHP has made a $39bn bid for Anglo American. Aside from securing copper tonnes on the cheap, Lex can’t see many benefits....
...In today’s newsletter: Asset management M&A kicks off Changing risk factors for Chinese IPOs Morgan Stanley’s settlement ‘Apple’ and ‘Banana’: The making of a signature Wall Street deal Larry Fink has...
...At some point, American politicians will have to grasp this nettle....
...Accolade, which has a near-A$600mn loan due in 2025 according to the company, has been struggling to service its debts....
...Fink said at the time that the debate references were “a sad commentary on the state of American politics”....
...It delivers about a quarter of American parcels. UPS trucks haul the equivalent of 6 per cent of the country’s gross domestic product....
...We are hopeful that the Senate will consider the facts, listen to their constituents, and realise the impact on the economy, 7mn small businesses, and the 170mn Americans who use our service.”...
...Instead, only about 5,600 patients had been approved for treatment by early April, according to a registry by the Centers for Medicare & Medicaid Services shared with the Financial Times....
...American Express Global Business Travel has agreed to buy rival CWT for $570mn in a bet on the continued recovery of business travel....
...Mark Loughridge, Vanguard’s lead independent director, praised Buckley for leading the group through “a period of unprecedented innovation, growth, and transformation, building high-value-added services...
...The White House welcomed the TikTok legislation, saying it was an “important” step towards addressing the threat from technology services that pose a risk to Americans’ data and US national security....
...It is a forced divestiture, and hopefully, a precedent on foreign corporate ownership of tools that can reach hundreds of millions of Americans....
...By comparison, the firm’s $2.49tn American Funds mutual fund line-up bled $43.1bn last year. T Rowe Price, meanwhile, debuted its first ETFs in 2020....
...For a while, many pundits — including Unhedged — talked about Apple as a “defensive growth” stock, with high barriers to entry and a big services business to carry it through the economic cycle....
...“They’re very hungry for American technology because . . . G42 are realigning themselves away from China and more with the US.”...
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