Billionaire Friedland Says US Must Brand Copper a Critical Metal
Billionaire mining investor Robert Friedland said the US government must include copper as critical material under President Joe Biden’s landmark clean energy law.
Bloomberg Business
Euro Zone’s Inflation Problem Is Starting to Look Rather German
Euro-area inflation probably slowed in three out of the region’s four biggest economies last month — with the glaring exception of its biggest one, Germany.
Oaktree Is Betting on Life Sciences With $2.3-Billion Fundraise
Oaktree Capital Management has raised more than $2.3 billion for its first private credit fund dedicated to life sciences companies, according to a statement seen by Bloomberg.
Hospital Cyber Attacks Surge, Risking Struggling Bottom Lines
Cyberattacks on US hospitals are on the rise, adding a layer of financial pressure onto an industry still struggling to recover from the pandemic.
Buyout Firms Abandoned Siemens Energy Stake Talks Before Plunge
Several private equity firms dropped talks to buy a Siemens Energy AG stake in recent months over concerns about its unpredictable business nature, a decision vindicated by the company’s Thursday profit warning.
Bank of Canada Now Expected to Cap Rate-Hiking Campaign at 5%
The Bank of Canada will raise borrowing costs by another 25 basis points in coming months before capping its tightening cycle, economists said.
Coinbase Wins at Supreme Court as Ruling Backs Arbitration
The US Supreme Court sided with a Coinbase Global Inc. unit in a ruling that reinforces the ability of companies to channel customer and employee disputes into arbitration.
Mallinckrodt Gets Second Extension on Opioid Settlement Payment
Mallinckrodt Plc has for the second time reached an agreement to further delay a $200 million opioid settlement payment that was due earlier this month as the company continues to evaluate its options for addressing its debt load.
Jeremy Hunt, Banks Agree Repossession Pause to Slow UK Mortgage Pain
Chancellor of the Exchequer Jeremy Hunt and the UK’s largest lenders have agreed people should be given a 12-month grace period if they miss mortgage payments as fears grow about the burden on millions of homeowners of rapidly rising mortgage rates.
Nikola Cites ‘Foul Play’ in Fire at EV Maker’s Headquarters
Nikola Corp. suspects “foul play” after an early-morning fire broke out at its Phoenix headquarters that affected several of its electric big rigs.
