Ackman, whose New York-based hedge fund has more than $10 billion in assets under management, is working with investment banks Jefferies, UBS Group AG and Citigroup Inc on the IPO, referred to on Wall Street as a special purpose acquisition company (SPAC), the sources said. The sources requested anonymity because the IPO is still confidential. …read more […]
Ackman, whose New York-based hedge fund has more than $10 billion in assets under management, is working with investment banks Jefferies, UBS Group AG and Citigroup Inc on the IPO, referred to on Wall Street as a special purpose acquisition company (SPAC), the sources said. The sources requested anonymity because the IPO is still confidential. …read more […]
Drivers working for ride-hailing services such as Uber Technologies Inc and Lyft Inc will now be considered employees under California’s new gig worker law, the state’s public utilities agency said on Thursday.
U.S. stock futures fell sharply on Thursday on jitters over a second wave of coronavirus infections and a grim forecast for the economy from the Federal Reserve.
Layoffs in the United States are abating, but millions who lost their jobs because of COVID-19 continue to draw unemployment benefits, suggesting the labor market could take years to heal from the pandemic even as businesses resume hiring workers.
Oil prices fell on Thursday, hit by another record build-up in U.S. crude inventories and the U.S. Federal Reserve’s projections that the world’s biggest economy would shrink 6.5% this year.
Takeda Pharmaceutical Co Ltd has agreed to sell a portfolio of over-the-counter and prescription drugs marketed in the Asia Pacific region to South Korea’s Celltrion Inc for $278 million, it said on Thursday
Anglo-Dutch Unilever plans to become a single holding company based in Britain, unwinding a dual-headed structure which has been in place for 90 years.
Moderna Inc on Thursday confirmed it plans to start a trial of 30,000 volunteers of its much-anticipated coronavirus vaccine in July as the company enters the final stage of testing.
Planemaker Bombardier Inc is to cut up to 600 jobs in its Northern Ireland operations, it said on Thursday, as part of plans announced last week to cut 2,500 jobs or about 11% of the workforce in its global aviation unit.
Plant-based meat pioneer Beyond Meat (BYND) has announced the company’s first co-manufacturing capabilities in Europe with the opening of the Zandbergen co-manufacturing facility in Zoeterwoude, the Netherlands.The new facility, which is owned and operated by Zandbergen, will produce the Beyond Burger and Beyond Sausage, and BYND hopes it will enable more efficient distribution of Beyond Meat’s products across EMEA.This week, Beyond Meat also snapped up its first manufacturing facility in Europe in Enschede, the Netherlands. This Beyond Meat owned facility will be the first outside of Missouri, USA to handle Beyond Meat’s texturizing of plant proteins, the first step in …read more […]
JPMorgan has promoted Jonas Wikmark as co-head of Nordics banking to drive growth in one of its major European markets, according to a memo seen by Reuters.
Moderna Inc on Thursday confirmed it plans to start a trial of 30,000 volunteers of its much-anticipated coronavirus vaccine in July as the company enters the final stage of testing. The Cambridge, Massachusetts-based biotech said the primary goal of the study would be to prevent symptomatic COVID-19, the disease caused by the novel coronavirus. The key secondary goal would be prevention of severe disease, as defined by keeping people out of the hospital. …read more […]
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