Text size The Canoo is aimed at young professionals interested in a subscription model. Courtesy Canoo Yet another company with electric cars is publicly traded through a purchase through a special purpose purchase company, or SPAC. This time it’s the Hennessy Capital Acquisition that buys Canoo. Canoo is a self-described …
Read More »Saudi Arabia Wealth Fund sells 50% of its stake in Warren Buffett’s Berkshire Hathaway
Reuters / Rick Wilking Saudi Arabia’s Saudi wealth fund held its position in Warren Buffett’s Berkshire Hathaway in the second quarter of this year, an SEC filing revealed last Friday. The Royal Public Investment Fund has released 210,222 shares in Berkshire, giving it about $ 40 million of its previous …
Read More »Amazon is betting on office work with expansion in big cities
Amazon.com Inc. expands its physical offices into six U.S. cities and adds thousands of business jobs in those areas, an indication that the tech giant is making long-term plans for office work, even if other businesses include continued remote employment. Amazon is preparing to add 3,500 business jobs across hubs …
Read More »Sanofi Buys Principia for $ 3.7 billion. Both front runs.
Text size Sanofi is limiting its focus on drug development, stopping its diabetes and cardiovascular research. Joel Saget / AFP via Getty Images French pharmaceutical giant Sanofi is digging into the cash it raised earlier this year with the sale of its $ 11.7 billion stake in Regeneron Pharmaceuticals, the …
Read More »Court overturns Tiffany verdict against Costco
A federal appeals court dismissed Tiffany’s on Monday (TIF) – Get report $ 21 million judgment against Costco Wholesale (COST) – Get report on the sale of the company of the warehouse association of generic rings of diamond engagement with the name “Tiffany” The Second U.S. Circuit Court of Appeals …
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