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Tesla investor Scottish Mortgage to back Musk’s $56 billion pay package

(Reuters) – Tesla investor Scottish Mortgage Investment trust said on Thursday it plans to continue backing CEO Elon Musk’s $56…

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Business

Biogen in up to $1.8 billion deal as rare diseases take center stage By Reuters

(Reuters) -Biogen said on Wednesday it had agreed to buy privately held Human Immunology Biosciences for up to $1.8 billion,…

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Business

China’s ICBC to kick off TLAC bond sales with issuance of $4.15 billion By Reuters

BEIJING (Reuters) – Industrial and Commercial Bank of China said it would issue 30 billion yuan ($4.15 billion) worth of…

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Rivian Gets Nearly $1 Billion to Help Expand Operations in Illinois

In early March, Rivian paused construction of a planned $5 billion electric truck plant in Georgia. The cost-cutting measure hoped…

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Warren Buffett’s Latest $2.6 Billion Buy Brings His Total Investment in This Stock to More Than $77 Billion in Under 6 Years

Last weekend, in the neighborhood of 40,000 investors flocked to Omaha for Berkshire Hathaway‘s (NYSE: BRK.A)(NYSE: BRK.B) annual shareholder meeting.…

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Business

Telefonica earnings hit $3.4 billion in Q1 amid merger between rivals Masmovil and Orange in Spain

Telefonica SA reported first-quarter profit that matched analysts’ estimates and said it’s on track to meet its guidance this year.…

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Politics

Biden to tout $3.3 billion Microsoft investment in Wisconsin at former Foxconn site

President Biden will travel to Wisconsin on Wednesday, where he will seek to draw a contrast between a major investment…

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Saudi Arabia’s $100 Billion AI Fund Will Divest China If US Asks

(Bloomberg) — The head of Saudi Arabia’s new investment fund for semiconductor and artificial intelligence technology said the country would…

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Business

Amazon to spend nearly $9 billion to expand cloud infra in Singapore By Reuters

(Reuters) -Amazon.com plans to spend S$12 billion ($8.88 billion) over the next four years to expand its cloud computing infrastructure…

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Business

Janitors hired to clean a meat plant owned by $8 billion Perdue Farms used children for the work, regulators said

A Tennessee-based sanitation company has agreed to pay more than half a million dollars after a federal investigation found it…

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