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UPDATE 1-Alibaba to pay banks up to $32.3 mln in fees for Hong Kong listing

China’s Alibaba will pay its investment banking syndicate up to $32.3 million for leading its Hong Kong listing which will raise up to $12.9 billion, according to documents filed with U.S. securities regulators. The e-commerce giant employed two co-sponsors, China International Capital Corp (CICC) and Credit Suisse, to head the deal which has been carried out over the past week. The two lead banks were joined by Citigroup Inc, JP Morgan and Morgan Stanley as joint global co-ordinators while HSBC and Industrial and Commercial Bank of China (ICBC) were appointed as junior book runners. …read more […]

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UPDATE 2-Google changes election ads policy to limit targeting

Alphabet Inc’s Google will stop giving advertisers the ability to target election ads using data such as public voter records and general political affiliations, the company said in a blog post on Wednesday. The move comes at a time when social media platforms are under pressure over their handling of political advertising ahead of the U.S. presidential election in 2020. Social media giant Facebook Inc has been criticized by lawmakers and regulators over its decision to not fact-check ads run by politicians on its platform, while Twitter has decided to ban political ads. …read more […]

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Google changes election ads policy to limit targeting

The move comes at a time when social media platforms are under pressure over their handling of political advertising ahead of the U.S. presidential election in 2020. Social media giant Facebook Inc has been criticized by lawmakers and regulators over its decision to not fact-check ads run by politicians on its platform, while Twitter has decided to ban political ads. Google said on Wednesday it would start limiting audience targeting for election ads to age, gender and general location at a postal code level. …read more […]

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Booking Holdings and Expedia in Arms Race to Deliver the Connected Trip

High-stake online travel agency competition used to merely revolve around how many tens of thousands of hotels, or homes and apartments each company added to its ranks during the previous quarter, and those milestones are still very much in play. But lately a new and somewhat more esoteric flashpoint has emerged, namely the connected trip. […] …read more […]

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These 3 “Strong Buy” Healthcare Stocks Have 40% Upside — Or More, Says Cowen

The world’s population is getting older, rapidly. According to the United Nations, the fastest-growing age group across the world is adults aged 65 and older, with it predicting one out of every six people will be 65 or older by 2050. This means that the age group will make up 16% of the world’s total population, 9% higher than it was in 2011, with this figure expected to be larger in North Africa and Europe.To this end, investors are looking for ways to capitalize on the growing opportunity within the healthcare space. In order to pinpoint the most compelling opportunities …read more […]