Alphabet taps Eli Lilly’s Anat Ashkenazi as new CFO
Ashkenazi will replace Ruth Porat, who will become president and chief investment officer of the company after nearly a decade as CFO.
Ron Baron, big Tesla shareholder, supports Elon Musk’s $56 billion pay package
Billionaire investor Ron Baron, longtime Tesla bull and shareholder, wrote an open letter in support of CEO Elon Musk’s controversial $56 billion pay package.
Drinking alcohol before sleeping on flights presents health risk, study finds
German researchers recommended avoiding alcohol altogether on flights, and said airlines should restrict consumption.
Dubai Mall, one of the world’s largest, is getting even bigger with a $400 million expansion
The sprawling shopping complex is already home to 1,200 stores, 200 food and beverage outlets, an aquarium, a skating rink, and indoor amusement parks.
Oil market ‘oversold’? Analysts and traders pin crude’s price plunge on demand, trading strategies
Oil prices declines despite supply cut extensions from the OPEC+ alliance, with traders and analysts faulting the options market and weak demand.
$17 billion UK adtech lawsuit against Google can go ahead, tribunal rules
Alphabet must face a mass lawsuit which accuses it of abusing its dominance in the online advertising market, London’s Competition Appeal Tribunal ruled.
SoftBank shares jump up to 6.3% on report that Elliott Management’s pushing for $15 billion in buybacks
SoftBank shares hit a high of 9,572 Japanese yen on Wednesday, 6.32% higher than its Tuesday closing price of 9,003 yen, according to LSEG data.
Modi’s weaker-than-expected election win raises questions over his economic and political agenda
Veteran investor David Roche called the election outcome an exercise of “karma,” adding that this was Modi’s election to lose.
European markets close higher as investors look ahead to ECB meeting; ASML jumps 8%
European stocks closed higher Wednesday, with investors in the region looking ahead to the next meeting of the European Central Bank.
King Charles banknotes enter circulation for the first time
Banknotes featuring a portrait of King Charles III entered circulation on Wednesday for the first time, the Bank of England said in a statement.
