L Catterton Nears Agreement to Buy Ilegal Mezcal
L Catterton, a consumer-focused private equity firm, is in advanced talks to acquire Ilegal Mezcal, according to people with knowledge of the matter.
Bloomberg Business
Putin Gave Biden $12,000 Pen Set Months Before Ukraine Invasion
Russian President Vladimir Putin gave Joe Biden a $12,000 pen and decorative writing set at their first presidential summit in Geneva in 2021 during a momentary thaw in relations that ended with Putin’s invasion of Ukraine eight months later.
LME Nickel to Trade in Asian Hours for First Time Since Crisis
The London Metal Exchange will reopen nickel trading during Asian trading hours from March 20, in what is likely to provide an important liquidity boost for the market that has struggled to recover after last year’s crisis.
Netflix Lowers Price of Plans by Up to 50% in Over 100 Countries
Netflix Inc. lowered the price of subscriptions in over 100 countries, mostly lower-income regions where the company has fewer customers.
US Bank Regulators Step Up Warnings on Crypto Market Risks
The top US banking regulators stepped up their warnings to banks on the liquidity risks tied to stablecoin-related reserves and other funding sources from crypto firms.
Techtronic Slumps Most Since 2008 After Short-Seller’s Report
A little known short-seller has managed to crush the shares of Hong Kong’s Techtronic Industries Co., wiping out about $4 billion in market value.
European Commission Blocks Staff From Using TikTok
The European Commission suspended staff from using TikTok Inc. over security concerns related to the social media app’s data-collection practices.
Cathie Wood Keeps Up Tesla Robotaxi Hopes After Six-Year Letdown
The Ark Invest founder got the rise of EVs right, but Elon Musk is absent from the autonomous vehicle market she saw coming.
Supply Squeeze Sparks 122% Rally in Little Known Metal Market
The world’s hottest metals market at the moment is molybdenum, the obscure commodity that’s used to help toughen steel.
Newmont’s Gold Output Stagnates as It Chases Big Takeover
Newmont Corp. is expecting more of the same for gold output during the next year as the world’s top bullion producer pursues its biggest acquisition ever to secure future growth.
