Smurfit Kappa, WestRock Join in $11 Billion Packaging Deal
Smurfit Kappa Group Plc agreed to acquire WestRock Co. in an $11.2 billion deal that creates an Irish-American packaging industry powerhouse.
Bloomberg Tech
Google Pays $10 Billion a Year to Maintain Monopoly, US Says
Alphabet Inc.’s Google pays more than $10 billion a year to maintain its position as the default search engine on web browsers and mobile devices, stifling competition, the US Justice Department said Tuesday at the start of a high-stakes antitrust trial in Washington.
Franklin Templeton Joins Race to Offer US Spot Bitcoin ETF
Franklin Templeton has joined fellow asset manager powerhouses Fidelity and BlackRock in the race to win approval to offer the first US exchange-traded fund that invests directly in Bitcoin.
Arm CEO Pitches IPO Investors on Shift to High-Margin Chips
Arm Ltd. Chief Executive Officer Rene Haas, gearing up for the biggest initial public offering of the year, is pitching investors on a pivot.
Arm’s CEO Is Pitching a Made-For-You Chip Strategy Ahead of IPO
Arm Ltd. Chief Executive Officer Rene Haas, gearing up for the biggest initial public offering of the year, is pitching investors on a pivot.
SoftBank-Backed IPOs Have Been Great for Firm, Not for Investors
Call up just about any IPO backed by SoftBank Group Corp. over the past couple years and it’ll invariably look grim.
BOE’s New Deputy Governor Says UK Faces Two-Year Stagnation
Sarah Breeden, the nominee to be Bank of England deputy governor for financial stability, warned that over-zealous monetary tightening could cause an unnecessary recession.
Political Ad Spending Set to Reach Record $10.2 Billion in 2024 Campaign Cycle
There’s an emerging winner in the 2024 presidential contest: television broadcasters.
Affirm Shares Drop After Company Points to Cost Headwinds
Affirm Holdings Inc. said funding costs will be a headwind for the buy-now, pay-later company’s margins in coming months.
London IPO Activity Should Pick Up by Year-End, Boss of Broker Cavendish Says
The UK is set for a revival in initial public offerings for smaller companies toward the end of this year, according to City of London broker Cavendish.