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...On Thursday, its shares rose 10 per cent to 37 cents, reversing a wobble following the fundraising news....
...Shares in Visa and Mastercard were trading close to flat in New York on Tuesday morning....
...The EU has launched probes into Apple, Alphabet and Meta in the first use of a landmark new law designed to rein in Big Tech’s market power....
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Carriers have come to rely on check-in charges as a source of revenue but face new disclosure rules
...Some good news A new light-activated antimicrobial that kills all bugs in minutes without generating resistance has been adopted by NHS hospitals for the first time in a bid to reduce surgical infections...
Thank [expletive] for Michael O’Leary
...The stock closed at $50.44 after trading began on Thursday at the New York Stock Exchange under the ticker RDDT, up 48 per cent from its IPO price of $34 a share....
...Also, tickets are nearly sold out for the FT Alphaville pub quiz in New York in two weeks, where both of us will be hosting a session. More info here....
...The commission said it was investigating under the Digital Markets Act, a new law aimed at curbing the power of the biggest online platforms....
...This week, Reddit sold $748mn worth of shares priced at the top of its suggested range, and its stock soared on the New York Stock Exchange as trading opened....
...Berkshire did not disclose any new investments in the fourth quarter of 2023, although it increased its holdings in satellite radio operator SiriusXM and in oil majors Chevron and Occidental Petroleum....
...The US IPO market has had a shaky start to the new year....
...Fink’s new focus on retirement came alongside an effort to stake out a middle ground in the political wars over sustainable investing, an approach he called “energy pragmatism”....
...The shares rose 5.6 per cent on Friday, but are still 28 per cent below their level before the news came out....
Endorsement is boost for billionaire activist’s struggling campaign at entertainment giant
...Inc., a footwear company based in California, agreed to settle charges for failing to disclose payments for the benefit of its executives and their immediate family members....
...A version of this article was first published by Nikkei Asia on February 7. ©2024 Nikkei Inc. All rights reserved....
...Tech companies have axed 34,000 jobs this year as they rejig their workforces to invest in new areas such as generative artificial intelligence to power their next phase of growth....
...In January, a robocall was sent to US voters in New Hampshire that claimed to be from President Joe Biden calling on them not to vote in the primary election....
...But since Lyft has only just settled a lawsuit over the charges it levied on New York drivers, it would be a very brave strategy. What about expenses?...
...Eli Lilly’s strong performance in particular — its stock has almost doubled over the past year on the back of strong demand for new weight-loss drugs — highlights the fact that there are at least some themes...
...One big winner was the Newhouse family, who through Advance Magazine Publishers Inc own Condé Nast, which bought Reddit in 2006 for $10mn before spinning it out in 2011....
...towards the news media....
...The new ETFs are managed by BlackRock’s systematic team in combination with the iShares ETF platform teams....
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