Key U.S. Senator Sinema agrees to $430 billion drug, energy bill

WASHINGTON, Aug 4 (Reuters) – Democratic US Senator Kyrsten Sinema said on Thursday she agreed to “move forward” on a $430 billion drug pricing, energy and tax bill, subject to a Senate arbiter’s approval of the bill, which Democrats intend to pass over Republican objections. Senate Majority Leader Chuck Schumer said earlier on Thursday the … Read more

Biden pledge to tax wealthy, companies revived with Manchin-led bill

WASHINGTON, July 28 (Reuters) – US President Joe Biden’s campaign trail promise to increase taxes on corporations and the wealthy as part of a battle against glaring income inequality in the United States got an unexpected boost on Wednesday. Early proposals to increase tax rates from Biden and his fellow Democrats hit a brick wall … Read more

EXCLUSIVE Twitter under shareholder pressure to seek deal with Musk, sources say

Elon Musk’s twitter account is seen on a smartphone in this photo illustration taken, April 15, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register April 24 (Reuters) – Twitter Inc (TWTR.N) is coming under increasing pressure from its shareholders to negotiate with Elon Musk even though the world’s richest person has … Read more

Ackman gives up on Netflix, taking $400 mln loss as shares tumble

April 20 (Reuters) – Billionaire investor William Ackman liquidated a $1.1 billion bet on Netflix (NFLX.O) on Wednesday, locking in a loss of more than $400 million as the streaming service’s stock plunged following news that it lost subscribers for the first time in a decade. Ackman’s hedge fund Pershing Square Capital Management made an … Read more

Twitter adopts ‘poison pill’ as challenger to Musk emerges

Elon Musk’s twitter account is seen on a smartphone in front of the Twitter logo in this photo illustration taken, April 15, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register April 15 (Reuters) – Twitter Inc (TWTR.N) adopted a ‘poison pill’ on Friday, a standard takeover defense that limits Elon Musk’s … Read more

Musk says U.S. SEC ‘bastards’ forced settlement over Tesla tweets

April 14 (Reuters) – Tesla Inc (TSLA.O) CEO Elon Musk on Thursday stepped up criticism of the US securities regulator, calling Securities and Exchange Commission officials “bastards” for bringing fraud charges against him over his 2018 tweets regarding taking the company private. On the day he made major news by unveiling a $43 billion cash … Read more

Analysis: With capital markets jittery, private equity pounces to finance tech buyouts

April 4 (Reuters) – When buyout firm Thoma Bravo LLC was seeking lenders to finance its acquisition of business software company Anaplan Inc (PLAN.N) last month, it skipped banks and went directly to private equity lenders including Blackstone Inc (BX.N ) and Apollo Global Management Inc (APO.N). Within eight days, Thoma Bravo secured a $2.6 … Read more

How the U.S. plans to starve Russia’s ‘war machine’ -Treasury’s Adeyemo to Reuters

WASHINGTON, April 7 (Reuters) – The United States is ramping up sanctions against Russia to deprive Moscow’s “war machine” of money and components needed to sustain its invasion of Ukraine, but curbing a main source of funding, Russian energy exports, will take time, US Deputy Treasury Secretary Wally Adeyemo told Reuters on Thursday. The United … Read more