General Atlantic and Sequoia Capital, two major investors in TikTok’s Chinese parent company, are maneuvering to be part of a deal to acquire the U.S. operations of the popular video-sharing app as it seeks to avoid a ban by the Trump administration, according to people familiar with the discussions. The …
Read More »The Wall Street Journal: Facebook’s Mark Zuckerberg stoked Washington’s fears about TikTok
When Facebook Inc. Chief Executive Mark Zuckerberg delivered a speech about freedom of expression in Washington, D.C., last fall, there was also another agenda: to raise the alarm about the threat from Chinese tech companies and, more specifically, the popular video-sharing app TikTok. Tucked into the speech was a line …
Read More »The Wall Street Journal: How the Kodak generic-drug ingredients deal developed, and why it fell apart: a snapshot
On a white board in his office earlier this year, Trump trade adviser Peter Navarro made a list of potential companies that could manufacture pharmaceuticals in the U.S. He separated them into three columns, one for each stage of the production process. Eastman Kodak Co. stood out, overlapping two of …
Read More »The Wall Street Journal: Twitter may emerge as rival to Microsoft in negotiations over TikTok deal
Twitter Inc. has had preliminary talks about a potential combination with TikTok, the popular video-sharing app that the Trump administration has declared a national-security threat due to its Chinese ownership, according to people familiar with the matter. It is unclear whether Twitter will pursue a deal with TikTok, which would …
Read More »The Wall Street Journal: Chip-maker Analog poised to buy rival Maxim Integrated for more than $17 billion
Semiconductor maker Analog Devices Inc. is in talks to buy rival Maxim Integrated Products Inc. for more than $ 17 billion in what would be one of the largest merger deals of the year, according to people familiar with the matter. Analog ADI, +0.20% and Maxim MXIM, -0.58% are discussing …
Read More »The Wall Street Journal: OPEC and allies set to ease oil output cuts, anticipating demand recovery
An alliance of crude producers led by Saudi Arabia is pushing OPEC and its allies to increase oil production starting in August, officials in the group said, amid signs that demand is returning to normal levels following coronavirus-related lockdowns. Key members of the Organization of the Petroleum Exporting Countries and …
Read More »The Wall Street Journal: EU set to name countries from which tourists will be welcomed next month, and U.S. didn’t make the cut
European Union member states have drawn up a list of 15 countries whose citizens may be allowed to travel again to the bloc starting July 1 that excludes the U.S. but includes Canada, Japan and possibly China, diplomats said. A final decision is yet to be taken on the list, …
Read More »The Wall Street Journal: DoorDash close to funding deal that would value company at $15 billion pre-infusion
DoorDash Inc. is close to securing new funding that would value the largest U.S. meal-delivery company at more than $ 15 billion before the infusion, as a wave of deal making sweeps over the red-hot industry. The closely held company plans to sell hundreds of millions of dollars of equity …
Read More »The Wall Street Journal: Germany agrees to second pandemic aid package worth €130 billion
BERLIN — Germany adopted its second economic-stimulus package since the start of the coronavirus pandemic, bringing their total cost to €1.3 trillion ($ 1.5 trillion), by far the largest in Europe as a share of gross domestic product. The new bundle, agreed to on Wednesday after extensive talks between Chancellor …
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