Amazon is in talks to acquire satellite telecommunications group Globalstar, the Financial Times reported on Wednesday, citing people familiar with the matter. Globalstar's shares rose 24% to $85 in extended trading. Both sides were still negotiating some of the complexities of a deal after lengthy talks, according to the report.
Amazon is in talks to acquire satellite telecommunications group Globalstar, the Financial Times reported on Wednesday, citing people familiar with the matter. Globalstar's shares rose 24% to $85 in extended trading. Both sides were still negotiating some of the complexities of a deal after lengthy talks, according to the report.
Altria (NYSE: MO) stock couldn't quite make it over the hump of Hump Day. Investors traded out of tobacco titles generally on a media report that certain products in a regulator's fast-track approval program might not be approved quickly after all. While Altria wasn't as affected as other tobacco companies in the ensuing rout, it did suffer a share price decline of almost 1% on the day. That fast-...
Altria (NYSE: MO) stock couldn't quite make it over the hump of Hump Day. Investors traded out of tobacco titles generally on a media report that certain products in a regulator's fast-track approval program might not be approved quickly after all. While Altria wasn't as affected as other tobacco companies in the ensuing rout, it did suffer a share price decline of almost 1% on the day. That fast-track program was devised by the U.S. Food and Drug Administration (FDA), which looks like it might be slow-walking the initiative. An article published Wednesday morning by Reuters , citing three unidentified sources, said that scientists at the regulator are hesitant to authorize the sale of nicotine pouch products currently under consideration. Image source: Getty Images. Continue reading
Chipmaker Intel has planned to invest another $15 million in SambaNova, a chip startup chaired by Intel CEO Lip-Bu Tan, a Reuters review of corporate records showed. The investment, subject to regulatory approval, would increase Intel's ownership of SambaNova to 9%, the review showed. The backing follows another $35 million that Intel put into SambaNova in February, which, along with other financ...
Chipmaker Intel has planned to invest another $15 million in SambaNova, a chip startup chaired by Intel CEO Lip-Bu Tan, a Reuters review of corporate records showed. The investment, subject to regulatory approval, would increase Intel's ownership of SambaNova to 9%, the review showed. The backing follows another $35 million that Intel put into SambaNova in February, which, along with other financing, had boosted Intel’s stake in the startup to 8.2%, from 6.8% last year. The specifics of this deal and others, previously unreported, show how Intel continues to pursue transactions that may increase the personal fortune of Tan, a wealthy venture capitalist whom the chipmaker hired a year ago to turn the company around.
Chelsea boss Sonia Bompastor criticises VAR after Arsenal's Katie McCabe avoids a red card for pulling Alyssa Thompson's hair during their Women's Champions League quarter-final.
Chelsea boss Sonia Bompastor criticises VAR after Arsenal's Katie McCabe avoids a red card for pulling Alyssa Thompson's hair during their Women's Champions League quarter-final.
Most Hong Kong bosses are law-abiding, but inevitably there are dodgy ones who don’t contribute their share of employee pension on time. They may need to face a greater penalty. Worrying data from the Mandatory Provident Fund Schemes Authority (MPFA) shows that only one in six employers settled the arrears within the two-week deadline. As a result, the authority now proposes more punitive surcharg...
Most Hong Kong bosses are law-abiding, but inevitably there are dodgy ones who don’t contribute their share of employee pension on time. They may need to face a greater penalty. Worrying data from the Mandatory Provident Fund Schemes Authority (MPFA) shows that only one in six employers settled the arrears within the two-week deadline. As a result, the authority now proposes more punitive surcharges in such cases. It’s about time. The current penalty is too lenient. At present, the surcharge for...
NASA's Artemis II flight, which is set to take four astronauts toward the Moon for the first time in more than 50 years, successfully launched on Wednesday evening. The Artemis II mission, part of NASA's Artemis program that's intended to bring humans back onto the Moon as early as 2028 , will bring the four astronauts in orbit around the Moon on the first crewed flight of the Space Launch System ...
NASA's Artemis II flight, which is set to take four astronauts toward the Moon for the first time in more than 50 years, successfully launched on Wednesday evening. The Artemis II mission, part of NASA's Artemis program that's intended to bring humans back onto the Moon as early as 2028 , will bring the four astronauts in orbit around the Moon on the first crewed flight of the Space Launch System (SLS) rocket. The astronauts, Reid Wiseman, Victor Glover, and Christina Koch, and Canadian Jeremy Hansen, will make the trip aboard the Orion crew capsule, and the full mission is expected to be a 10-day journey. The mission was delayed in February … Read the full story at The Verge.
Anna Moneymaker/Getty Images News As SpaceX ( SPACE ), Anthropic ( ANTHRO ), and OpenAI ( OPENAI ) seemingly race to go public, a trend of ETFs and other funds trying to get exposure to these private ventures pre-IPO has emerged. I've covered one of these recently, the XOVR ETF, and found that position liquidity was a problem . SpaceX exposure would fluctuate from <2% to >10% due to new AUM not be...
Anna Moneymaker/Getty Images News As SpaceX ( SPACE ), Anthropic ( ANTHRO ), and OpenAI ( OPENAI ) seemingly race to go public, a trend of ETFs and other funds trying to get exposure to these private ventures pre-IPO has emerged. I've covered one of these recently, the XOVR ETF, and found that position liquidity was a problem . SpaceX exposure would fluctuate from <2% to >10% due to new AUM not being able to buy into private vehicles fast enough to keep up but being able to deploy into public stocks easily. So while the fund itself still has an interesting premise, its execution isn't what I had envisioned, and I downgraded it to hold. That hasn't stopped other funds from trying a similar tactic of including private stock. Enter Cathie Wood's ARK Invest and their flagship ARK Innovation ETF ( ARKK ), which I last covered in an article titled “ Trading into the Wind, ” which has been pining to add private exposure to its holdings since the fairly successful launch of the ARK Venture Fund ( ARKVX ). Data by YCharts Now that these major private companies are nearing their expected IPOs, ARKK is jumping in with a new addition: OpenAI. But I don't believe it adds to the fund; in fact, I believe it could be a drag for ARKK investors, especially since it is being given tremendous weight in the fund. It further solidifies my Hold rating; ARKK will not outperform the market even with this change. ARKK Overview Briefly, here are the statistics for ARKK that investors should be aware of: Inception: October 2014 Price: $68.50 Div Freq: Annual Div Rate: ~0.80% AUM: $5.97B ER: 0.75% Holdings: 45 Click to enlarge For those new to ARKK, I wrote the educational piece on ARKK for Seeking Alpha , where I covered its history and the kinds of risks that investors should know when investing in this fund. Here's a relevant excerpt from that article that gives some context on ARKK for our purposes today: [ARKK] invests in a wide swath of ideas, aiming to hold the "best of the best" stocks ...
Four astronauts lifted off on Wednesday on a trip around the moon marking humankind’s deepest venture into space, an odyssey that aims to launch the US into a new era of interstellar exploration. The Nasa mission dubbed Artemis II has been years in the making after facing repeated setbacks and massive cost overruns. Anxiety briefly spiked when less than two hours before the launch window was to op...
Four astronauts lifted off on Wednesday on a trip around the moon marking humankind’s deepest venture into space, an odyssey that aims to launch the US into a new era of interstellar exploration. The Nasa mission dubbed Artemis II has been years in the making after facing repeated setbacks and massive cost overruns. Anxiety briefly spiked when less than two hours before the launch window was to open, Nasa said engineers identified a technical issue related to the rocket’s flight termination...
The Indian rupee faces renewed pressure amid weak capital flows, high fuel prices and global uncertainty. Neeraj Gambhir, Executive Director at Axis Bank, spoke with Haslinda Amin on Insight with Haslinda Amin about whether USD-INR could slide to 100 and how the RBI may respond. (Source: Bloomberg)
The Indian rupee faces renewed pressure amid weak capital flows, high fuel prices and global uncertainty. Neeraj Gambhir, Executive Director at Axis Bank, spoke with Haslinda Amin on Insight with Haslinda Amin about whether USD-INR could slide to 100 and how the RBI may respond. (Source: Bloomberg)
For the first time in over 50 years, astronauts will see Earth from distant space. Let’s hope the images they send back of our fragile home bring some much-needed unity More than 50 years ago, the Apollo astronauts’ photographs of Earth seen from the moon had a jolting effect on a society distracted by division and conflict. Then, as now, they came in “an hour of change and challenge, in a decade ...
For the first time in over 50 years, astronauts will see Earth from distant space. Let’s hope the images they send back of our fragile home bring some much-needed unity More than 50 years ago, the Apollo astronauts’ photographs of Earth seen from the moon had a jolting effect on a society distracted by division and conflict. Then, as now, they came in “an hour of change and challenge, in a decade of hope and fear, in an age of both knowledge and ignorance”, as President John F Kennedy had put it . But what he hadn’t predicted was that on the way to the moon, we would discover the Earth. Here was our home planet, suddenly seen as a finite ball of rock, shrouded in an apple peel-thin layer of life-sustaining air. This view jarred with people’s everyday experience of living on the surface of an apparently infinite world of limitless resources. The creation of a special Earth Day soon followed, along with the founding of the campaigning environmental charity Friends of the Earth and the passing of a slew of environmental protection laws. Continue reading...