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SoftBank nears deal to sell Arm Holdings to Nvidia for more than $40 billion – WSJ

The cash-and-stock deal could be sealed early next week and would value Arm in the low $40 billions, the Journal report said, citing sources. Nvidia is known for its graphics chips that power video games, but it has developed other markets including artificial intelligence, self-driving cars and data centers. It has previously collaborated with Nvidia. …read more […]

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SoftBank nears deal to sell Arm Holdings to Nvidia for more than $40 billion, WSJ reports

The cash-and-stock deal could be sealed early next week and would value Arm in the low $40 billions, the Journal report said, citing sources. Nvidia is known for its graphics chips that power video games, but it has developed other markets including artificial intelligence, self-driving cars and data centers. It has previously collaborated with Nvidia. …read more […]

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3 Reasons Why Tesla Stock Crashed Last Week

One thing that has been driving Tesla Inc (NASDAQ:TSLA) stock recently is the expectation that it would be added to the S&P 500. However, that didn’t happen, and investors started unloading the shares as a result. The S&P 500 Index Committee added Catalent (CTLT), Etsy (ETSY) and Teradyne (TER) to the index on September 4th, […] …read more […]

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AstraZeneca resumes trials of COVID vaccine halted by patient illness

AstraZeneca has resumed British clinical trials of its COVID-19 vaccine, one of the most advanced in development, after receiving the green light from safety watchdogs, the company said on Saturday. The late-stage trials of the experimental vaccine, developed with researchers from the University of Oxford, were suspended this week after an illness in a study subject in Britain, casting doubts on an early rollout. “On 6 September, the standard review process triggered a voluntary pause to vaccination across all global trials to allow review of safety data by independent committees, and international regulators,” AstraZeneca said. …read more […]

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Oil Traders Snap Up Tankers in Sign Second-Wave Glut Is Near

(Bloomberg) — Some of the world’s biggest oil traders are gearing up for a possible resurgence of a coronavirus-induced glut of crude and fuels, snapping up giant tankers for months-long charters so that they can be ready to store excess barrels if necessary.The chartering spree is likely to alarm Saudi Arabia, Russia and their allies as it indicates that the oil traders believe the crude market is moving into a surplus after OPEC+ managed to create a deficit earlier this summer with its output cuts.Trafigura Group, the world’s second-largest independent oil trader, in recent days booked about a dozen supertankers …read more […]

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Warren Buffett Buys GOLD?

During their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed Buffett Buys Barrick Gold Corp (NYSE:GOLD). Here’s an excerpt from the episode: Buffett Buys Barrick Gold Tobias: Yeah, let’s segue. I’m reading Chris Bloomstran’s because Chris follows Berkshire closer than anybody else. It’s interesting, Berkshire upped their buyback but sold a whole […] …read more […]

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Merkel Scrapping Nord Stream Would Unravel German Gas Strategy

(Bloomberg) — As Angela Merkel weighs up the arguments for scrapping a Russian pipeline project, a cornerstone of the German chancellor’s carefully crafted energy strategy is at stake.Merkel is coming under increasing pressure to ditch the Nord Stream 2 pipeline after the poisoning of Russian opposition politician Alexey Navalny. Members of her own party have questioned the project and Polish Prime Minister Mateusz Morawiecki said the decision should be a “no brainer.”But cancellation would mean unwinding years of government strategy to turn Germany into a lucrative gas hub as it boosts supplies of the fossil fuel during the green energy …read more […]