Adobe’s $20 Billion Figma Takeover Hit by In-Depth EU Probe
Adobe Inc.’s $20 billion takeover of Figma Inc. is set for an in-depth European Union investigation over concerns the deal could harm global competition for software used by designers.
Bloomberg Business
Argentine Peso Slumps to Record as New Controls Squeeze Market
Argentina’s peso fell to a record low in the parallel market as the nation braces for volatility ahead of key primary elections Sunday.
Trump Documents Case Judge Is Reviewing DOJ Use of Two Grand Juries
The federal judge presiding over the prosecution of Donald Trump over his handling of classified documents is reviewing the “legal propriety” of the government using grand juries in both Florida and Washington to build its case against the former president.
More ESG Lawsuits On the Horizon as Investors Jump On a UK Law
Investors are becoming more emboldened to file legal challenges against companies for their net zero claims, approaches to governance and other hot-button ESG issues, using a pair of underutilized provisions of a UK law.
KKR Beats Estimates Despite 23% Earnings Drop Amid Deal Rut
KKR & Co. reported second-quarter earnings that beat estimates, despite falling 23% from a year ago amid a private equity deal drought.
Aramco Boosts Payout to Government, Investors to $29 Billion
Saudi Aramco raised its payout to investors and Saudi Arabia’s government by more than half, in a move that will help fill state coffers that had increasingly been expected to be in deficit this year.
Goldman Commodities Research Chief Jeff Currie Set to Leave
Jeff Currie, the prominent commodities analyst known for making bold — often bullish — pronouncements, is leaving Goldman Sachs Group Inc.
Trucker Yellow Goes Bankrupt After Debt, Labor Woes Pile Up
Yellow Corp. filed for bankruptcy and will remain shuttered — throwing 30,000 people out of work — after the trucking firm’s long-running financial woes were compounded by a dispute with the Teamsters Union.
Trump’s Election Defense: Sway One Juror With ‘Reasonable Doubt’
Donald Trump’s indictment over his attempts to overturn the 2020 election is the biggest challenge yet for his squad of lawyers, who’ve been hitting the airwaves to preview defenses for what could eventually be the most consequential criminal trial in US history.
UBS Revamps Leadership Team at Global Banking Division
UBS Group AG is revamping the leadership of its investment banking division, as the lender presses ahead with its integration of former rival Credit Suisse.
