Hints and tips:
...Now headquartered in New York, it has 2.7mn subscribers across 15,000 corporate clients, including blue-chip names like Amazon, Oracle and Activision Blizzard....
...The company has said ByteDance is not controlled by the Chinese government and that all US data is routed to Oracle Cloud. The US bill now moves to the Senate....
...ByteDance, the app’s Chinese owner, has failed to convince Washington that its move to secure US user data on American-based Oracle servers is watertight....
...That dwarfs its second-largest publicly traded investment: Bank of America....
...TikTok has partnered with US cloud software group Oracle to build a standalone unit to wall off American user data....
...But a revival of the Oracle deal might not be out of the question if Trump, who is close to its executive chairman Larry Ellison, returns to power....
...The scions of two of America’s best-known billionaire families are scrambling to mastermind one of the most complex media mergers in recent memory, as the future of the storied Paramount studio hangs in...
...The energy division also houses Berkshire’s realtor, HomeServices of America, which is facing 11 antitrust lawsuits over how it and other brokers charged commissions....
...Our Best of Warren Buffett coverage to start: The Oracle of Omaha laid bare the challenge for his successors in his annual letter this weekend: they have little chance of matching his “eye-popping performance...
...Corporate America is finally ready to move forward. The initial public offering market has sputtered into life this month with the listings of Arm, Instacart and Klaviyo....
...Meanwhile, a report from left-leaning non-profit group Media Matters on Thursday found advertisements for top brands — including Apple, IBM, Oracle and Comcast’s Xfinity, a telecoms company, and Bravo, the...
...The sprawling conglomerate is now worth more than $780bn, with stakes in Apple, Coca-Cola and Bank of America as well as ownership of the BNSF railroad and Geico insurer....
...Monthly revenue per viewer in the country is only 70 cents on average, far below the $7.50 average in North America....
...Sponsors can’t get enough of the teams, from Google to Oracle....
...TikTok has failed to convince the Committee on Foreign Investment in the US (Cfius) that its $1.5bn “Project Texas” plan to secure US user data on Oracle servers is watertight....
...Berkshire invested in both Goldman Sachs and Bank of America during the financial crisis. However, so far it has not stepped in during the current crisis....
...BlackRock, Wells Fargo, Bank of America and State Street were also excluded from doing business with the state, Oklahoma said....
...Yet the app and its Chinese owner, ByteDance, are again at the centre of a gathering geopolitical storm as governments in North America and Europe launch fresh restrictions and consider outright prohibitions...
...In 2022, these funds raked in a net $10.9bn in North America, up from what had been a record $4.1bn the previous year, according to data from FactSet....
...The company also notes that American users’ data is stored on American soil in servers in Virginia, as well as being uploaded to the cloud, via the American company Oracle....
...It added that it expected to delete users’ private data from its own data centres to “fully pivot” to Oracle cloud servers in future....
...The Tesla and SpaceX chief financed his $44bn deal to take Twitter private in October by securing the huge debt from a syndicate of banks led by Morgan Stanley, Bank of America, Barclays and Mitsubishi....
...Reach out to me (imani.moise@ft.com) or Sid (sid.v@ft.com) to let us know. Happy reading!...
...The potential deal would be the largest in Oracle’s history and would deepen its connections with the healthcare industry. 4....
...There can only be one Oracle of Omaha, after all....
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