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(Corrects in first and third paragraphs that the fund is advised by JPM, not owned) MILAN (Reuters) – Italy’s Falck family of industrial magnates will receive 1.5 billion euros ($1.8 billion) from the sale of its controlling stake in Falck Renewables to a JPMorgan-advised infrastructure fund, the company said on Wednesday. The Falcks, who built their fortune in steel over […]
Read more(Reuters) -Chipmaker GlobalFoundries, owned by Abu Dhabi’s sovereign wealth fund Mubadala Investment Co, is aiming for a valuation of around $25 billion in its initial public offering in the United States. In a filing to stock exchanges on Tuesday, GlobalFoundries set a price range between $42 and $47 a share for its stock market flotation. At the upper end of […]
Read moreBy James M. Curry and Frances E. Lee Professors Curry and Lee are the authors of “The Limits of Party: Congress and Lawmaking in a Polarized Era.” Despite party control of Congress and the presidency, Democrats are still struggling to enact their agenda. The ballyhooed bipartisan infrastructure deal is stuck in the House, and the sweeping $3.5 trillion reconciliation package […]
Read moreSINGAPORE (Reuters) – Hybrid events platform company Hubilo said it is raising $125 million in a private funding round, backed by new investor U.S.-based hedge fund Alkeon Capital and existing investors Lightspeed Venture Partners and Balderton Capital. Since Hubilo started out as an events tech firm in India in 2015, its co-founders Vaibhav Jain and Mayank Agarwal have steered the […]
Read more(Reuters) – Life Time Group Holdings Inc was valued at $3.3 billion on Thursday after shares of the operator of fitness centers opened 8% below their offer price. Shares of the company, backed by private equity giant TPG, opened at $16.57 per share, down from its initial public offering price of $18. The company on Wednesday had raised $702 million […]
Read moreWe’re covering explosive testimony from a Facebook insider and schools without masks in England. ‘Profits before people’ In testimony before Congress, Frances Haugen, the whistle-blower who sent internal Facebook documents to journalists, accused the tech giant of putting its “astronomical profits before people,” and said that congressional intervention was needed. “They need to admit they did something wrong, and they […]
Read moreAUSTIN, Texas — California is “America on fast-forward,” it is often said. Liberals quote the maxim with pride, pointing to the state’s diversity and its outsize share of economic output, technological innovation, venture capital and growth. Conservatives put scare quotes around it, warning about the dystopia that awaits if America becomes any more like California, with its high taxes and […]
Read moreThe Last Jew of Afghanistan is gone, and everyone is glad to be rid of him. Zebulon Simentov, Afghanistan’s only remaining Jew, escaped three weeks ago after refusing early opportunities to flee Kabul amid this summer’s American withdrawal. He initially declined to leave, he once told reporters, so as to protect the country’s last synagogue — though it seems that […]
Read moreTo the Editor: Re “Middle-Aged Panic About Cancel Culture,” by Michelle Goldberg (column, Sept. 21): I disagree that growing criticism of the so-called cancel culture on U.S. campuses is a product of middle-aged sensitivities that are overblown and histrionic. Ms. Goldberg may not understand how destructive campus pressures for ideological uniformity really are and the enormous chilling effect on nonconforming […]
Read moreIn July, Eric Adams narrowly won the Democratic nomination for mayor of New York, making him the odds-on favorite to win in November. And he won the nomination by running directly against the verities of today’s progressives: asserting that the police are the answer, not the problem; that “defund the police” misjudged what communities of color actually want; that Democrats […]
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