Juul Labs Inc. asked a federal appeals court on Friday to temporarily block the Food and Drug Administration’s order for the vaping company to immediately pull its e-cigarettes off the U.S. market, a decision that would stub out its business. In addition to fighting the […]
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Broadcom in Talks to Pay About $60 Billion for VMware
Broadcom is in talks to pay around $60 billion for VMware people familiar with the matter said, in what would be one of the biggest takeover deals of the year. The two technology companies are aiming to announce a cash-and-stock deal worth about $140 a […]
Politics Could Speed Up Clean Energy. They May Also Slow It Down.
In the world’s transition to lower-emission fuels, politics is a big part of both the solution and the problem. Decarbonization is shaping up to be the next industrial revolution—a massive shift that will lead to the decline of some industries and the rise of others, […]
Bitcoin Price Falls Below $26,000
Bitcoin plunged and the world’s largest stablecoin, tether, briefly edged down from its $1 peg, adding to fears of more turbulence in the cryptocurrency market. Cryptocurrencies have been hit by two forces this week. On one side, concerns that inflation will necessitate aggressive central-bank tightening […]
Galaxy Entertainment 1Q Rev HK$4.1B, Down 20% on Year >0027.HK
By Yi Wei Wong Galaxy Entertainment Group Ltd. said its earnings fell in the first quarter, as Covid-19-related travel restrictions weighed on visits to Macau. The Macau-based casino operator said Thursday that its group adjusted earnings before interest, taxes, depreciation, and amortization fell 33% on […]
Rovio Entertainment Backs Longer Term Dividend Payout Target
By Joe Hoppe Rovio Entertainment Oyj said Wednesday that it has updated its long-term financial targets, now aiming to grow revenue faster than the wider Western mobile gaming market, and for adjusted Ebitda to grow in line with long-term revenue growth. The Finnish videogame developer, […]
Stocks Slide, Extending Year’s Losses
A broad selloff in U.S. stocks accelerated Monday, leaving investors with few places to shelter from the market’s tumult. The S&P 500 fell 1.9%, adding to losses after closing out its longest streak of weekly declines since 2011. The Nasdaq Composite tumbled 2.1% and the […]
As Demand for Mental-Health Care Booms, Investors See Opportunities
Psychiatrists and psychologists once ran their own practices. Now the local therapist office could be controlled by a buyout king. Venture capitalists and private-equity firms are pouring billions of dollars into mental-health businesses, including psychology offices, psychiatric facilities, telehealth platforms for online therapy, new drugs, […]
Cuba Hotel Explosion: At Least 18 Dead in Blast at Havana’s Hotel Saratoga
A large gas explosion tore through an iconic hotel in downtown Havana on Friday, killing at least 18 people, injuring dozens more and destroying a large part of the building, according to Cuba’s government. The Cuban presidency said 17 adults and one minor had died, […]