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Horizon Acquisition Corp SPAC Jumps 20% On Potential Sportradar Merger
Wednesday, March 3, 2021 - 1:28pm | 497Read More...A sports data company is reportedly in talks to go public via a SPAC deal that could value the company at more than $10 billion. What Happened: Sportradar is in talks to go public via a SPAC merger with Horizon Acquisition Corp II (NYSE: HZON), according to Bloomberg. Sportradar provides data from...
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Toyota To Raise $4.7B Via Debt For ESG Projects: Bloomberg
Tuesday, March 2, 2021 - 12:43pm | 268Read More...Toyota Motor Corp (NYSE: TM) plans to raise a record $4.7 billion (500 billion yen) from the sale of yen and foreign currency sustainability bonds to finance environmental and social projects, Bloomberg reports. Toyota calls it “Woven Planet Bonds.” The offering...
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Shake Shack's Founder On Industry's COVID-19 Recovery, Why Full Service Dining Is Hardest Hit
Monday, March 1, 2021 - 1:03pm | 527Read More...Full-service restaurants are bearing the brunt of the pandemic because the business model is not one that makes guests feel comfortable, Union Square Hospitality Group CEO and Shake Shack Inc (NYSE: SHAK) founder Danny Meyer said on "Bloomberg Markets." Why Full-Service Restaurants Are...
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China's 2020 R&D Spend Jumps Over 10% To $378M: Bloomberg
Monday, March 1, 2021 - 10:21am | 166Read More...China’s R&D spend escalated to 2.4% of 2020 GDP, Bloomberg reports. The country’s R&D spend rose 10.3% year-on-year to $377.8 billion (2.44 trillion yuan). The growth rate marks the slowest incremental growth in five years, from 12.5% in 2019. China is set to disclose...
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6 Lidar SPACs For Investors To Consider On Apple News
Saturday, February 27, 2021 - 2:08pm | 890Read More...One of the trending sectors in the SPAC market is that of lidar, the technology measures distances using light. Last week, it was reported that Apple Inc (NASDAQ: AAPL) is talking with lidar companies for its long-rumored electric vehicle and self-driving efforts. Bloomberg reported Apple would...
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Johnson & Johnson's COVID-19 Vaccine Likely To Get EU Approval Early March: Bloomberg
Friday, February 26, 2021 - 8:17am | 377Read More...The European Medical Agency (EMA) is reportedly set to recommend Johnson & Johnson’s (NYSE: JNJ) coronavirus vaccine on March 11, according to Bloomberg. The European Commission said deliveries of the J&J shot are expected to begin in early April, thus bolstering...
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TSM To Raise $575M Via Debt To Counter Chip Crisis: Bloomberg
Thursday, February 25, 2021 - 10:38am | 290Read More...Taiwan Semiconductor Manufacturing Co Ltd (NYSE: TSM) is set to sell local currency bonds in Taiwan to raise its spending capacity amidst the semiconductor chip crisis. The company intends to raise $575 million (NT$16 billion) in a debt offering in three parts via auction, Bloomberg...
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Tesla Temporarily Stops Model 3 Production Line In California
Thursday, February 25, 2021 - 8:19am | 126Read More...Tesla Inc (NASDAQ: TSLA) has stopped its car assembly production at a plant in California. According to people familiar with the matter, Tesla said it would halt the Model 3 production line for an unspecified period of time, Bloomberg has reported. Employees in Fremont were asked to take...
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Facebook, Google To Share Revenue With Australian Media As Country Passes Law With Global Implications
Thursday, February 25, 2021 - 5:06am | 518Read More...Facebook Inc (NASDAQ: FB) and Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) subsidiary Google will have to pay Australian media for news content, a development that may be replicated elsewhere in the world, Bloomberg reported Wednesday. What Happened: The country’s parliament passed the...
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US Needs To Make Batteries On A Large-Scale To Avoid Chip-Like Shortage, Says Ford CEO
Thursday, February 25, 2021 - 1:21am | 620Read More...Ford Motor Company (NYSE: F) CEO Jim Farley said that the United States must begin making batteries for electric vehicles to avoid supply disruptions like the ones caused by semiconductor shortages, Bloomberg reported. What Happened: Farley, speaking at the Wolfe Research Auto Conference on...
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Fintech Focus For February 25, 2021
Wednesday, February 24, 2021 - 10:06pm | 1647Read More...Quote To Start The Day: Technology is the best enabler of banking the unbanked. Source: Sultan Meghji One Big Thing In Fintech: An outage at the Federal Reserve is creating settlement issues for many financial institutions and exchanges. The Fed's service status page shows that most of its...
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SoftBank-Backed Ride-Hailing Company Didi Beefs Up Europe Entry Plan
Wednesday, February 24, 2021 - 1:40pm | 527Read More...SoftBank Group Corp (OTC: SFTBF) (OTC: SFTBY) backed China’s ride-hailing company Didi Chuxing Technology intends to roll out ride-sharing services in Western Europe, including the U.K, France, and Germany, ahead of its long-awaited initial public offering, Bloomberg...
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TSM Raises $326.8M From VisEra Share Sale Before Spinoff: Bloomberg
Wednesday, February 24, 2021 - 7:01am | 232Read More...Taiwan Semiconductor Manufacturing Co Ltd (NYSE: TSM) sold 38 million shares in VisEra Technologies at $8.60 (NT$240) per share before a planned initial public offering (IPO) of the image sensor provider reducing its stake to 73.9%, Bloomberg reports. The sale was to facilitate a...
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Nio, Xpeng, Li Auto CEOs Bleed $10B In EV Market Carnage Led By Tesla
Wednesday, February 24, 2021 - 5:06am | 585Read More...The plunge in the shares of Tesla Inc (NASDAQ: TSLA) has extended to the fortunes of Chinese EV honchos who saw $10 billion eroded from their wealth, Bloomberg reported Tuesday. What Happened: Notable among those who have seen a fall in wealth include Xpeng Inc (NYSE: XPEV) CEO He Xiaopeng. His...
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UK Stops Epic Games Lawsuit Against Apple Over Fortnite Ban: Bloomberg
Monday, February 22, 2021 - 3:15pm | 377Read More...Epic Games Inc’s legal battle over the removal its Epic’s Fortnite video game from Apple Inc’s (NASDAQ: AAPL) App Store came was halted in the U.K. after a judge disallowed the case proceedings in London, Bloomberg reports. The judge believed that the U.S...
