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...Reddit made changes to chief executive Steve Huffman’s pay shortly before reviving plans to go public, removing incentives based on the company hitting a $25bn valuation in a signal of reduced hopes for a blockbuster...
...The push came as ByteDance was moving towards a blockbuster initial public offering, seeking to impress investors with TikTok’s explosive growth....
...China’s State Administration of Market Regulation has not signed off on the blockbuster deal announced in May 2022 and is likely to delay approving the transaction, especially in the wake of Washington’s...
...So effective is Vertex Pharmaceuticals’ blockbuster cystic fibrosis (CF) drug, Trikafta, that studies project it could extend the lives of some young patients by up to 45 years....
...“There’s not the clear-cut clinical evidence like physicians wanted, the products don’t stop the disease like the patients wanted, they’re never going to be as big a blockbuster as industry wanted and they...
...To stop a blockbuster collection going to “the other place”, as Christie’s and Sotheby’s refer to each other, auction houses might charge sellers nothing at all, or even pass through a chunk of the buyer...
...Other blockbuster hits include Hearthstone and Diablo III. World of Warcraft alone has more than 3mn players in China....
...For Dollar Tree, the blockbuster deal to buy Family Dollar in 2015 was meant to give the discount retailer the heft to compete against market leaders Dollar General and Walmart....
...US health insurer Cigna has abandoned plans to merge with Humana, a blockbuster transaction that would have created a $140bn insurance giant, according to people familiar with the matter....
...Pfizer shares tumbled more than 8 per cent after the US drugmaker forecast 2024 revenues that were below consensus estimates, as the company attempts to chart a future for growth without blockbuster Covid...
...Need to know: business Novo Nordisk announced a €1bn deal for a German biotech developing therapies to treat heart disease, as the Danish group seeks to branch out from its blockbuster diabetes and weight...
...Both companies have done multibillion-dollar blockbuster deals in recent years. But instead of creating juggernauts, they have produced Frankenstein monsters....
...Fast fashion, big profits Online fast-fashion group Shein has more than doubled its profits as it awaits regulatory approval from Beijing to go ahead with a blockbuster listing in New York or London....
...The figures leave Elon Musk’s Tesla needing to beat analyst expectations and deliver a blockbuster fourth quarter to maintain its position as the biggest seller of purely electric vehicles....
...Further reading: How Houston became a magnet for blockbuster US bankruptcies The Spanish luxury roll-up considering an IPO Most Kate Moss fans can’t afford her lifestyle....
...The dollar has climbed nearly 3 per cent so far this year, boosted by strong economic data, including blockbuster jobs figures last week that punctured hopes of a sharp fall in borrowing costs in the world...
...The case concerns Jonathan Orszag, a specialist in antitrust analysis who frequently testified in blockbuster court disputes and whose rates approached $2,000 per hour....
...Despite its blockbuster Nasdaq debut, it has faced poor industry reviews and a recall that followed its entry into the US in 2023....
...On Thursday, a blockbuster M&A deal was added to the mix, with Silicon Valley mainstay Cisco Systems acquiring cyber security software company Splunk for $28bn in cash....
Plus, a Chinese blockbuster IPO poses a $9bn dilemma for western banks and the succession question plaguing Italy’s fashion houses
...The concern was that Microsoft’s strong position in cloud, coupled with Activision’s blockbuster Call of Duty game, would cause potential future challengers to wither on the vine....
...News round-up General Atlantic takes first step towards potential US listing (FT) Cigna pulls out of blockbuster deal to create insurance giant with Humana (FT) Occidental Petroleum agrees $12bn deal...
...Instacart has raised the price range for its initial public offering following the success of Arm’s blockbuster debut this week, in the latest sign of a warming market for new US listings....
...The team has helped Citi win access to partners at law firms including Kirkland & Ellis, Skadden Arps and Sullivan & Cromwell, who have cashed in on a boom in dealmaking in recent years to take home blockbuster...
...SoftBank’s finance chief has accused S&P Global of “not trusting the management” and criticised the rating agency for failing to upgrade its credit rating after the blockbuster listing of UK chip designer...
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