Reddit Advised to Target at Least $5 Billion Valuation in IPO (www.bloomberg.com)
Reddit Advised to Target at Least $5 Billion Valuation in IPO::Reddit Inc. is weighing feedback from early meetings with potential investors in its initial public offering that it should consider a valuation of at least $5 billion, according to people familiar with the matter, even as it is estimated below that figure in the...
Biden Expected to Announce Billions in Chip Subsidies, WSJ Says (www.bloomberg.com)
Biden Expected to Announce Billions in Chip Subsidies, WSJ Says::The Biden administration is expected to soon announce billions of dollars in new subsidies to chipmakers including Intel Corp. and Taiwan Semiconductor Manufacturing as part efforts to reshore production, the Wall Street Journal reported.
US to Sell 40 F-35 Fighter Jets to Greece, Gift Other Aircraft (www.bloomberg.com)
The US plans to sell as many as 40 F-35 jets to Greece and will also gift the country various defense equipment, according to a letter sent by Secretary of State Antony Blinken to Greek Prime Minister Kyriakos Mitsotakis....
White House calls for legislation after ‘alarming’ proliferation of Taylor Swift deepfakes — Social media networks also need to do more to prevent the spread of the images, said press secretary Kar... (www.bloomberg.com)
White House calls for legislation after ‘alarming’ proliferation of Taylor Swift deepfakes — Social media networks also need to do more to prevent the spread of the images, said press secretary Kar…::The White House said sexually-explicit AI-generated images of pop star Taylor Swift were concerning and that Congress...
Trader Joe’s Follows SpaceX in Arguing US Labor Board Is Unconstitutional (www.bloomberg.com)
Grocery chain Trader Joe’s is joining Elon Musk’s SpaceX in arguing that the US labor board, which is prosecuting cases against both companies, is unconstitutional.
Philippines, Vietnam Set to Sign Coast Guard Pact Amid Competing Sea Claims (www.bloomberg.com)
The Philippines and Vietnam are set to sign a cooperation agreement between their coast guards as Philippine President Ferdinand Marcos Jr. boosts partnerships in the region amid lingering tensions with Beijing in the South China Sea....
Damage From Cyber Attack on Sweden May Take Weeks to Recover (www.bloomberg.com)
Computer systems of Swedish government agencies made inoperable by an attack on a Tietoevry Oyj data center may be down for weeks, the country’s civil defense minister said....
Nintendo’s Next Switch Coming This Year With LCD, Omdia Says (www.bloomberg.com)
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Putin Sends US Signal on Ukraine Talks, Sensing Advantage in War (www.bloomberg.com)
"Vladimir Putin is testing the waters on whether the U.S. is ready to engage in talks for ending Russia’s war in Ukraine,” Bloomberg reports....
NATO Has Been Underestimating Russia’s War Machine, Estonia Says (www.bloomberg.com)
Estonia’s top military commander said fresh intelligence on Russia’s ability to produce ammunition and recruit troops has prompted a re-evaluation among NATO allies and a spate of warnings to prepare for a long-term conflict....
Ships Hauling US Cargo in Red Sea Turn Back After Reporting Explosions (www.bloomberg.com)
Shawn Fain Takes On Musk, Trump Over Labor’s Green Future (www.bloomberg.com)
Streaming Pirates Are Hollywood’s New Villains - Illegal subscription services that steal films or TV shows bring in $2 billion a year in ads and subscriber fees. (www.bloomberg.com)
Oppo Phones Clear for Germany Return With Nokia Legal Settlement (www.bloomberg.com)
China’s Missing Tourists Are Costing Global Tourism $129 Billion (www.bloomberg.com)
Putin Orders Hunt for Property of Russian Empire, Soviet Union (www.bloomberg.com)
Vladimir Putin is going on a property hunt, ordering officials to find Russian assets that once belonged to its former empire or were owned by the Soviet Union....
Iran emerges from the shadows to broaden the proxy war with Israel (www.bloomberg.com)
The shape-shifting conflict in the Middle East saw Iran openly go on the offensive for the first time since the war in Gaza began, as Tehran’s latest round of existential brinkmanship with Israel spread further from the tiny Mediterranean enclave....
YouTube and Spotify Won’t Launch Apple Vision Pro Apps, Joining Netflix (www.bloomberg.com)
Users of those services will be steered toward the web...
US Secretary of State Blinken Stranded After Boeing Plane Breaks Down On Davos Trip (www.bloomberg.com)
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China Banks Tighten Curbs on Russia After US Sanctions Order (www.bloomberg.com)
Chinese and Turkish banks are in the news for tightening curbs or severing ties with Russian banks in response to US authorization of secondary sanctions on overseas financial firms that aid Moscow’s war effort.
Insurers Seek to Exclude US, UK Ships From Red Sea Coverage (www.bloomberg.com)
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Climate Activists in Norway Disrupt Gathering of Oil Chiefs (www.bloomberg.com)
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Ethiopia’s Currency Quandary Places IMF Deal on ‘Knife’s Edge’ (www.bloomberg.com)
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Tesla Gets a $94 Billion Reality Check as EV Winter Sets In (www.bloomberg.com)
Tesla Gets a $94 Billion Reality Check as EV Winter Sets In::Tesla Inc. had a blockbuster 2023, as its shares more than doubled in 12 months. But 2024 is starting on a different note, with Elon Musk’s electric vehicle maker off to its worst start to any year — ever.