Philippe Laffont’s Coatue entered into Paramount last quarter amid weakness
The firm opened a position worth more than $38 million in the legacy media company.
Europe markets close higher; UK inflation rises less than expected; UBS up 5.3%
European stocks closed higher Wednesday as investors in the region assessed key inflation prints from the U.S. and U.K.
Wizz Air launches $550 ‘all you can fly’ annual subscription pass
Travelers in Europe can now take unlimited flights for 499 euros ($550) a year under a new travel subscription service from budget carrier Wizz Air.
Britain considers tougher internet safety laws after riots, Musk comments — what you need to know
The U.K. is considering ways to toughen up internet safety regulations after far-right riots sparked by misinformation and incendiary comments from Elon Musk.
Mars to boost snack portfolio with nearly $30 billion deal for Pringles-maker Kellanova
Candy giant Mars said on Wednesday it would buy Cheez-It and Pringles maker Kellanova in a deal valued at $28.58 billion, according to a Reuters calculation.
UBS CEO says it’s too early to talk about a U.S. recession, but a slowdown is possible
UBS CEO Sergio Ermotti said market volatility could intensify in the second half of the year, but he does not believe the U.S. is heading into a recession.
Poland received German request to arrest suspect in Nord Stream probe
Poland has received a European arrest warrant issued by Berlin in connection with the 2022 attack on Nord Stream pipelines, Polish prosecutors told Reuters.
Thai court dismisses PM Srettha over cabinet appointment
Thailand’s Constitutional Court on Wednesday dismissed Prime Minister Srettha Thavisin for appointing to his cabinet a former lawyer who served jail time.
World’s largest sovereign wealth fund posts $138 billion in first-half profit as AI demand boosts tech
Norway’s massive sovereign wealth fund on Wednesday posted first-half profit of 1.48 trillion kroner ($138 billion).
Chinese tech giant Tencent’s quarterly profit jumps 82% as key gaming unit accelerates
Tencent shares are up 27% this year, in part due to excitement around a new game called Dungeon & Fighter Mobile (DnF Mobile).
