Covestro Rejects $12 Billion Takeover Proposal From Adnoc
Covestro AG has rejected an initial takeover proposal from Abu Dhabi National Oil Co. as too low, people familiar with the matter said.
Bloomberg Business
Steve Cohen Donates $5 Million for MDMA’s Push to Go Mainstream
A significant player in the psychedelics industry has received a $5 million infusion from hedge fund billionaire and New York Mets owner Steve Cohen and his wife, deepening the couple’s efforts to bring mind-altering therapies into the mainstream.
Nvidia Now Tops Tesla as ESG Funds Ratchet Up Exposure to AI
Nvidia Corp.’s stratospheric ascent has lured at least 100 more ESG funds in recent weeks, transforming the company into one of the most popular stocks among asset managers who integrate environmental, social and governance metrics into their investment strategies.
Insider Trading Bromance Ends With Betrayal and Guilty Verdict
The Goldman Sachs Group Inc. veteran aimed a deadpan stare at his friend on the witness stand and waited for the inevitable betrayal.
Ocado Shares Soar on Reports of Bid Interest From Tech Firms Including Amazon
Ocado Group Plc shares jumped as much as 47% in London, the most in more than five years, following a Times report on “speculation of bid interest” from technology firms such as Amazon.com Inc. in the British online grocer.
BBVA Boosts Private Banking Presence Amid Spain’s Wealth Influx
Banco Bilbao Vizcaya Argentaria SA is boosting its Spanish private banking operations at a time when rich Latin Americans are shifting money to Madrid and banks are beefing up their teams and opening new offices to cater for super-wealthy clients.
Private Equity’s Race to Poach Junior Bankers Finds Its Limit
The race to poach freshly minted bankers from Wall Street’s biggest firms has finally reached its limit.
SNB Dials Down Rate Hiking But Says More Increases Likely
The Swiss National Bank delivered the smallest interest-rate hike since it began monetary tightening a year ago while saying more action to tame inflation is probable.
Elon Musk Challenges Mark Zuckerberg to ‘Cage Match’ in Tweet
Who would win in a Las Vegas cage match between Elon Musk and Mark Zuckerberg? If the billionaire tech bosses’ social media posts are to be believed, we may soon find out.
Thailand to Tighten Listing Rules as Stocks Whacked by Scams
Thailand plans to tighten listing rules as a major accounting scandal, debt defaults and unexplained share gyrations rattle investors, putting the nation’s key stock index on course for its first back-to-back quarterly loss in three years.
