Chinese Premier Li Qiang visited the country’s foremost developer of memory chips, in the latest show of government support for US-sanctioned Yangtze Memory Technologies Co. as the two powers clash over technology. China’s No. 2 official visited Wuhan-based YMTC and Wuhan Huagong Laser Engineering Co. during a two-day trip in Hubei province, according to a … Read more
T. Rowe Price Group Inc. is reeling from a $127 billion exodus over just two years. At Franklin Resources Inc., the latest member of a billionaire family to run the firm is trying to reverse a nearly uninterrupted 20-quarter losing streak. Across the Atlantic, the chief of Abrdn Plc has reached a blunt conclusion: merely … Read more
This is Washington Edition, the newsletter about money, power and politics in the nation’s capital. Today, White House correspondent Justin Sink looks at President Joe Biden’s meeting with chief executives about the economy. Sign up here and follow us at @bpolitics. Email our editors here. The White House asked executives meeting the president today to … Read more
“Barbenheimer” aside, it was the summer from hell for Hollywood executives, and none more so than Bob Iger. In July he and fellow moguls Gulfstreamed to the jagged green mountains of Sun Valley, Idaho, for their annual retreat, where between power lunches and tandem bike rides they debated media deals and the impact of artificial … Read more
Striking Hollywood screenwriters reached a tentative new labor agreement with studios including Walt Disney Co. and Netflix Inc., settling one of two walkouts that have shut down film and TV production. The Writers Guild of America, which represents more than 11,500 Hollywood scribes, said Sunday it reached the deal with the Alliance of Motion Picture … Read more
Morning folks, it’s Adam here in Sydney. Here’s what you need to know to get your day started. Today’s must-reads:• New Zealand’s Prime Minister wants skilled workers• Chevron strikes delay • More Binance executives leave RBA Governor Philip Lowe gives his final speech Thursday before he hands over the helm to Michele Bullock. It comes … Read more
Four-time NBA champion and perennial all-star Stephen Curry is among the new investors in Israeli cybersecurity startup Upwind in a round that values the company at $300 million. The year-old cloud security firm raised $50 million in the round, which was led by Greylock Partners, Cyberstarts and Leaders Fund, Upwind said in a statement to … Read more
The UK Is Catching Up With the US on Buybacks Bloomberg Source link
When I wrote about the challenging deal climate last week, I omitted two deals that could happen. Hollywood talent giant Creative Artists Agency is inching towards a sale. The company would like to sell for upwards of $7 billion, but it’s still not clear if it will get that sum. It was worth $5 billion … Read more
Welcome to Bw Daily, the Bloomberg Businessweek newsletter, where we’ll bring you interesting voices, great reporting and the magazine’s usual charm every weekday. Let us know what you think by emailing our editor here! If this has been forwarded to you, click here to sign up. Pacha, the nightlife juggernaut often credited with kick-starting Ibiza’s … Read more