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New Jersey’s Noncitizen Voting Reveal Is a Nightmare For Democrats | WSJ Politics Newsletter for July 22
Plus, Pete Hegseth says the cost of the war in Iran is now $37.5 billion, and the administration freezes $1 billion in Medicaid funding to California and Minnesota.
Airbus Shares Climb on Midterm Profitability Goal
The stock gained more than 7% after the group said it aimed to significantly boost its profitability in the coming years, betting demand will remain strong.
Exclusive | White House to Redirect Billions in Research Funds Toward AI, Away From Colleges
The overhaul will reshape $200 billion in spending a year and favors individual scientists to outpace China.
The AI Backlash Companies Can’t Ignore | AI & Business for July 21
Plus, China’s latest AI advances, always-on transcription and the perils of big AI contracts.
Exclusive | Kraft Heinz Strikes Deal With Disney to Supply Resorts and Tap Characters
The multiyear partnership is part of the food conglomerate’s effort to reinvigorate its brands.
BP to Sell Austrian Mobility Business to Volenergy for Undisclosed Sum
The energy company agreed to sell its Austrian petrol station and EV charging businesses to Volenergy for an undisclosed sum, as it continues to exit the retail space.
Stocks to Watch: Alibaba, Ryanair, AMC Entertainment, Micron
↗️ Alibaba (BABA, HK:9988): Shares in the Chinese internet giant rose after it previewed its new AI model, which it said is second onl
Lockheed Martin Plans Bargain-Rate Patriot Missile to Replenish Low Stockpiles
The defense contractor says the new design could be fielded faster and cost less than half as much as its bestselling version.
FDA Walks Back Finding of Cyclospora Parasite as Outbreak Probe Continues
Taylor Farms said it had recalled iceberg lettuce grown and processed in central Mexico “in an abundance of caution.”
Exclusive | Buyout Firm Truelink Nears $1 Billion Deal for Coffee Syrup Maker
Lyons Magnus specializes in fruit-based ingredients and beverages, from flavored syrups for coffee drinks to fruit purees for smoothies.
An American Woman Shook Up One of the Oldest of England’s Old Boys Sports
Camille VanderMeer went to Cambridge for an M.B.A. and the chance to race Oxford. She returned champion of an altogether whackier competition.
Israel’s $50 Million Experiment to Change U.S. Public Opinion
Israel deploys AI and payments to conservative media to try to beat back the tide of unfavorable U.S. views about its handling of wars in Gaza and Iran.
The Clock Is Now Ticking on Netanyahu’s Political Future
Israel’s prime minister is bracing for a fight to stay in power as the parliament dissolves and the countdown to an election begins.
The Influencer Whose Friendship With Trump Made Her a Sports Star
Emily Austin has leveraged her political connections for special access to cover World Cup games and UFC fights.
The New Washington Temptation: Inside Information and a Prediction Market Account
White House officials are grappling with how deeply betting on political events has worked itself into the fabric of government.
Watch: Why Health Insurers Are Winning, But Hospitals Are Losing
Live updates on markets and the top finance, economics and business stories. Plus the latest on oil prices, the Dow, S&P 500 and Nasdaq.
Exclusive | Walmart Further Shuffles Top Executives
Kieran Shanahan, chief operating officer for Walmart U.S., will leave this week.
GOP Package to Fund Iran War Runs Into Republican Doubts
The package is much smaller than the broader boost President Trump has been seeking, and its passage remains uncertain due to divides in the party.
CT Congressman Wants Legal Support For Patients Denied Health Coverage
The act would establish a grant program through the Department of Labor to help law schools set up consumer advocate programs where patients can receive no-cost legal assistance with their insurance claim appeal.
Exclusive | Top Treasury Tax Official Ousted After Clashes With White House Over IRS Audits
Kenneth Kies warned that political officials risked breaching a law that limits who can influence tax enforcement.
Science Grant Could Deliver $160M For Quantum Tech In CT
At a gathering held at the UConn Hartford campus, state leaders celebrated Connecticut being selected as a Regional Innovation Engine for quantum technologies by the National Science Foundation.
Opinion | Politics Has Taken Over My Union
The UAW should focus on automotive job growth, not leftwing fads.
How Sport Will Change on a Hotter Planet (We Might Have to Move the Olympics) | Climate & Energy for July 16
Plus: The Strait of Hormuz isn’t going back to normal, and the Chinese EV wave threatens Volkswagen’s vast, well-paid workforce
What to Know Ahead of Trump’s Primetime Speech | WSJ Politics Newsletter for July 16
Plus, President Trump weighs expansion of the Iran war, and more than 100 House Democrats vote against $3 billion in military aid to Israel.
ABB to Buy Rotork in $5.5 Billion Deal to Strengthen Electrification Business
Under the agreement, shareholders would receive $6.81 for each Rotork share, a 60% premium to the company’s three-month average share price.
Publicis Raises Guidance, Citing New Business Wins
The advertising group said it is benefiting from new business momentum driven by continued client demand for AI-powered marketing services.
We Tracked Over $780 Million in Fundraising for Trump’s Presidency
The president and his allies have built a network of groups financed by wealthy donors and businesses that is advancing his priorities with little public disclosure.
Senators Question Trump’s CDC Nominee Dr. Erica Schwartz on Vaccines
Dr. Erica Schwartz said she would uphold science amid lawmaker questions over vaccine policy and Robert F. Kennedy Jr.
We Called It the Greatest Rivalry in Sports. Readers Showed Us the Red Card.
England vs. Argentina may be the most explosive game of this World Cup. But Wall Street Journal readers ranked this grudge match far behind some of the famous feuds of U.S. sports.
If Mike Johnson’s Phone Could Talk…or Sleep | WSJ Politics Newsletter for July 15
Plus, economists foresee stubborn inflation with strengthened growth and employment, while the U.S. and Iran reckon with shrinking options to end the war
Elevance Health Raises Earnings Outlook on Higher Sales
The health insurer raised its earnings outlook after logging a higher benefit-expense ratio and sales number in the second quarter.
Cartier Owner Richemont Posts Sales Beat on Strong Jewelry Performance
Sales at the luxury group rose 20%, bolstered by its jewelry business and despite a volatile market for the sector.
Michigan Health Officials Eye Lettuce as Culprit in Explosive-Diarrhea Outbreak
The state health department in Michigan, where there are thousands of cases, pointed to prewashed salad kits as a possible culprit.
Health Officials Zero In on Lettuce in Explosive-Diarrhea Outbreak Probe
The state health department in Michigan, where there are thousands of cases, pointed to prewashed salad kits as a possible culprit
OpenAI’s IPO Conundrum | AI & Business for July 14
Plus, Apple’s legal sparring, and Wall Street’s problem with AI drug discovery.
Warsh: Fed Doesn’t Want to Be in Bailout Business
Asked about whether the Federal Reserve would step in with a bailout in the event of a financial crisis involving cryptocurrencies, Chairman Kevin Warsh says the central bank does “not want to be in the bailout business.” The Fed is going to “do everything we can to mitigate those sort of extra ris
HCA Healthcare Shares Drop After Quarterly Earnings Squeezed by Payer Mix Shifts
The for-profit operator of healthcare facilities scaled back financial guidance for the year following payer mix shifts due to health insurance exchanges.
JPMorgan Posts Record Revenue Across Every Business Line
JPMorgan Chase had record revenue for each of its businesses in the quarter, CEO Jamie Dimon said. Highlights include: Fees from investment banking were up 30% from a year earlier. Revenue from markets rose 35%. Revenue in Consumer and Community Banking rose 8% to $20.27 billion, boosted by
For Whom the Strait Tolls | WSJ Politics Newsletter for July 14
Plus, Lindsey Graham’s sister to fill his Senate seat, and how China’s Xi Jinping now manages Russia’s Vladimir Putin
U.S. Small Business Confidence Improved in June
The National Federation of Independent Business said its small-business optimism index rose 2.1 points in June to 97.4, versus economists’ expectations of 95.7.
England vs. Argentina Is the Greatest Rivalry in Sports—and It’s Bracing for Its Biggest Game Ever
There are other epic rivalries, from Yankees-Red Sox to Ohio State-Michigan. But nothing comes close to the 64-year-old World Cup feud that is England vs. Argentina.
The Quintessential Trump-era Politician
In 2020, I wrote an article about collaboration and collaborators. The title was History Will Judge the Complicit, and it started with the story of two famous East Germans, Markus Wolf and Wolfgang Leonhard, who both landed in East Berlin just after the end of the war. Although they came from very similar backgrounds, the former stuck with the regime, eventually becoming its spy boss; the latter, horrified by the brutal reality of Soviet-style communism, escaped. By way of juxtaposition, I also wrote about Lyndsey Graham and Mitt Romney. These two men also made very different decisions when confronted by Donald Trump’s assault on the ideals that they had both grown up believing: A glance at their biographies would not have led many to predict what happened next. On paper, Graham would have seemed, in 2016, like the man with deeper ties to the military, to the rule of law, and to an old-fashioned idea of American patriotism and American responsibility in the world. Romney, by contrast, with his shifts between the center and the right, with his multiple careers in business and politics, would have seemed less deeply attached to those same old-fashioned patriotic ideals. Most of us register soldiers as loyal patriots, and management consultants as self-interested. We assume people from small towns in South Carolina are more likely to resist political pressure than people who have lived in many places. Intuitively, we think that loyalty to a particular place implies loyalty to a set of values. But in this case the clichés were wrong. It was Graham who made excuses for Trump’s abuse of power. It was Graham—a JAG Corps lawyer—who downplayed the evidence that the president had attempted to manipulate foreign courts and blackmail a foreign leader into launching a phony investigation into a political rival. It was Graham who abandoned his own stated support for bipartisanship and instead pushed for a hyperpartisan Senate Judiciary Committee investigation into former Vice President Joe Biden’s son. It was Graham who played golf with Trump, who made excuses for him on television, who supported the president even as he slowly destroyed the American alliances—with Europeans, with the Kurds—that Graham had defended all his life. By contrast, it was Romney who, in February, became the only Republican senator to break ranks with his colleagues, voting to impeach the president. “Corrupting an election to keep oneself in office,” he said, is “perhaps the most abusive and destructive violation of one’s oath of office that I can imagine.” In the wake of Graham’s unexpected death on Saturday, I wrote about him again. He was, in many ways, the quintessential politician of Trump’s Washington, a man who shifted 180 degrees. Graham had been a fervent American patriot, proud reserve officer and military lawyer; he became one of the most important defenders of a president who believes soldiers are “suckers and losers” and shows no respect for law of any kind. As his politics changed, his language grew coarser and his behavior grew worse: He urged Israel to “level the place” in Gaza, and insulted the Danish prime minister in Munich, prompting a colleague, Senator Elissa Slotkin, to issue an apology. Here’s an excerpt from the article, which you can read in The Atlantic (gift link here) Like his close friend John McCain, Graham believed that America should stand at the center of a broad democratic alliance. The few times I met him were in that context, at the Munich Security Conference or at other European-American gatherings, which he once attended with great regularity. He also took seriously the practice of American democracy at home. In a 2014 conversation with The Atlantic, he described himself as a pragmatic politician who eschewed populist slogans. “I know Washington is broken, but what’s broken about it is everybody yelling and nobody trying to fix it,” he said. “I’m trying.” When Donald Trump first appeared in U.S. politics, Graham recognized him immediately for what he was: the spokesman for an alien ideology, one radically different from the idealistic patriotism that Graham had practiced and preached since childhood. Trump privately mocked the military that Graham loved as nothing but “suckers and losers.” He put falsehoods, cynicism, and personal greed at the center of his politics, while expressing disdain for transparency, accountability, and democracy itself. In 2015, Graham described Trump as a “race-baiting, xenophobic, religious bigot” who should “go to hell.” Also as a “nutjob.” When Trump won, Graham understood, as did so many others, that he would have to make some important choices. For a while, he went silent. In the spring of 2016, I saw him at one of those conferences in Europe. He seemed too depressed to speak. But then, like many other Republicans—and, more important, like many other people who have lived under political occupation or experienced radical regime change—he made the decision to abandon his previous ideals, to bury the patriotism that was once so important to him, and to become, instead, a loud, opportunistic collaborator. As I wrote in 2020, it’s very hard to look in to anyone’s heart and to understand their motivations from the outside. But it does seem that Graham had a deep need to be relevant, to be in the game, to be a player, at any cost. And that, rather than any particular achievement, is what he will be remembered for. Continuing to monitor conflicts of interest, ostentatious emoluments, outright corruption and policy changes that will facilitate outright corruption. (Read my original article, Kleptocracy Inc and check out the SNF Agora Institute chart) June 27 Trump diverted funds from more than 900 projects nationwide—including safety upgrades at national parks—to finance beautification projects around Washington, including $700,000 used to fix a White House walkway. June 28 After a years-long Department of Justice investigation into Abbott Laboratories over its management of a baby formula facility where potentially deadly bacteria turned up enough evidence to criminally charge the firm, top department officials instead opted for a financial penalty—illustrating the department’s move away from strict corporate enforcement under the Trump administration. June 29 Defense Secretary Pete Hegseth stacked the Defense Policy Board—which is charged with providing independent national security recommendations to the Office of the Secretary of Defense—with Trump allies, including tech billionaire Marc Andreessen, who has invested in defense contractors like OpenAI and SpaceX, after purging the panel last year. Trump purchased between $1 million and $5 million worth of stock in Axon—which makes about 90% of US tasers—two weeks before ICE solicited bids for a $220 million taser contract. The White House unveiled limited-edition US passports for America’s 250th birthday, featuring a portrait of Trump overlaid on the Declaration of Independence. June 30 Trump made around $1.2 billion from his various crypto companies last year, including more than $500 million from World Liberty Financial and $600 million from sales of his meme coin. Trump is considering issuing 250 pardons to commemorate America’s 250th birthday. These are expected to be largely doled out through the Office of the Pardon Attorney’s informal network of intermediaries. White-collar defense attorneys say they can typically win pardons for clients for $2 million. Last year, Trump administration officials awarded a no-bid contract worth up to $500 million to Clark Construction for the White House ballroom—negotiations in which the president was directly involved. July 1 The Amazon MGM Studios documentary about Melania Trump earned the First Lady more than $10 million. Trump made hundreds of individual stock purchases worth as much as $12.8 million the day before his announcement pausing “Liberation Day” tariffs for 90 days sent the S&P 500 soaring nearly 10%—one of the largest single-day gains ever. Mar-a-Lago and Trump National Doral saw record surges in revenue during Trump’s first year in office, earning $77.5 million and $121.9 million respectively, compared to average annual revenues of $25 million and $75 million during Trump’s first term. Entities across the Persian Gulf paid more than $300 million to Trump’s businesses last year, including $263 million from the sale of half his stake in World Liberty Financial to a firm backed by Sheikh Tahnoon bin Zayed Al Nahyan, a top UAE royal and brother of the country’s president. Kash Patel failed to properly disclose his stock purchase of a Department of Justice contractor, MicroStrategy, worth up to $250,000 last year, despite laws requiring disclosure within 45 days of the trade. July 2 Trump has been directing administration officials to steer more government contracts—so far worth more than $2.4 billion—to Jeff Bezos’s Blue Origin aerospace firm, after Amazon gave $1 million to Trump’s inaugural fund, donated to the White House ballroom project, and reached a $40 million deal to license a Melania Trump documentary. Alongside the billions he made from cryptocurrency last year, Trump earned millions of dollars from real estate licensing fees, including $21 million from organizations in the UAE and $9.2 million in Saudi Arabia, along with smaller sums from merchandise sales, including $4.7 million from Trump Watches and $35,920 from 45 Guitar, a guitar brand endorsed by the president. House Democrats accused consultants tied to the Trump administration of financial fraud, alleging they gave prospective donors to America250—the bipartisan committee created by Congress to celebrate the nation’s semiquincentennial—the banking and routing numbers for Freedom 250, the White House’s fund for events like the UFC cage fight. Democrats also allege that Freedom 250’s CEO traveled to the World Economic Forum in Davos to solicit donations from foreign government officials and business leaders. The Trump administration’s proposed rollback of gun regulations would lift the prohibition on mailing handguns to individuals, a significant win for GrabAGun—the direct-to-consumer firearm retailer on whose board Donald Trump Jr. sits and in which he holds a 1.1% ownership stake. GrabAGun currently must rely on a middleman to transfer firearms to customers. Trump’s financial disclosure revealed that he made more than 21,000 securities trades during his first year back in office, growing his investment account to at least $858 million across stakes in around 1,600 companies, compared to the 13 total trades Joe Biden made during his entire presidency. July 4 Nearly 1 million people who bought the president’s meme coin—Trump Coin—collectively lost $3.8 billion on the token, while he walked away with $636 million. July 6 Shares of Dell closed up 4.4% after Trump recommended people buy the firm’s computers during a speech announcing the launch of Trump investment accounts for children, boosting the more than $1 million worth of shares the president owns in the company. July 9 Federal Reserve Chair Kevin Warsh named crypto investor and Trump ally Marc Andreessen to a task force aimed at modernizing the Federal Reserve, including rethinking its approach to inflation—a key factor keeping interest rates elevated. Palm Beach International Airport has officially changed its name to Trump International Airport—a move that will require Florida to pay royalties to the president’s family for licensing his name. I was there a few months ago, during a trip to Barcelona. The sculptures were a revelation, I’d never seen so many together before. Each one has its own personality. Enjoy the good weather, if you are lucky enough to have it. History Will Judge the Complicit The Quintessential Politician Autocracy Inc Open Letters, from Anne Applebaum is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. Subscribe
Trump Backs Lindsey Graham’s Sister, Darline Graham Nordone, to Fill His Senate Seat
Darline Graham Nordone would serve as interim replacement for several months to finish her brother’s term
Are You Using the Wrong USB-C Charger? That Cheap Cable Can Fry Your Phone
Choosing safe, high-quality charging accessories can extend the lifespan of your devices and save you big money on repairs.
Shein Targets Over $40 Billion Valuation After China Nod for IPO
The fast-fashion retailer has received China’s nod for its long-awaited Hong Kong initial public offering, after its efforts to go public in the U.S. and London faced geopolitical and regulatory hurdles.
How Much Do You Know About the Sports Business? Try Our Quiz
Runaway sports betting, $60 million college-football coaching costs, luxury stadiums…. It’s all part of the money side of the games.
How Much Do You Know About the Sports Business? Try Our Quiz
Runaway sports betting, $60 million college-football coaching costs, luxury stadiums…. It’s all part of the money side of the games.
Nigel Farage Wanted a Political Showdown. Now He’s Fighting a Trash Can.
Novelty candidates have long been a feature of British politics, but it’s rare for one to be the main competition.
Lindsey Graham, Longtime Republican Senator, Dies of ‘Brief and Sudden Illness’
The Republican stalwart had backed tough action against Iran and been a strong supporter of Israel.
The Highest Grossing Movies Across 9 Sports
It began in 1894 with a boxing match filmed with Thomas Edison’s new invention. Here are some subsequent blockbusters.
In the South, Black Democrats Fight for Political Survival
In the wake of a Supreme Court ruling, Alabama and other states have new freedom to draw congressional maps without having to carve out majority-minority seats.
Delta’s Basic Business Class Is a Fare Increase in Disguise | WSJ Travel for July 10
Plus, a second American grab-and-go lounge, and new Flighty features.
Exclusive | Record Companies Push to Label AI Songs on Streaming Platforms
An RIAA-led coalition of groups representing music labels and artists says fans want transparency.
Basic Materials Roundup: Market Talk
Find insight on Rio Tinto, YYY, Air Liquide and more in the latest Market Talks covering basic materials.
Graham Platner and the Politics of ‘Star Search’
It’s now a talent show, with agents and casting directors combing the countryside to find the next big thing.
This Nation Breaks Every Rule of U.S. Youth Sports—and Built a World Cup Monster
Norway’s Erling Haaland is one of soccer’s most fearsome and competitive stars. He grew up in a place where winning and losing hardly mattered.
Excessive Overtime At UConn Health Center Flagged In Audit
Auditors noted that it is best practice to schedule employees in a manner that reduces unnecessary overtime costs, when possible, but that UConn Health incurred significant overtime costs due to lack of staff and many unfilled positions.
Volkswagen’s Vast Jobs Factory Is Under Threat Like Never Before
The world’s second-largest automaker plans to halve its lineup of cars as part of its second major overhaul in two years.
49ers linebackers coach KJ Wright has his sights set on becoming a defensive coordinator
Apollo to Buy $3.4 Billion Stake in Bayer Contraceptives Business
The asset-management firm agreed to buy a minority stake in Bayer’s long-acting reversible contraceptives business.
Xavier Niel to Become Vodafone’s Largest Shareholder With $5.9 Billion Stake Buy
The French businessman plans to buy a 16.2% stake in the U.K. telecoms company from Emirates Telecommunications.
Exclusive | Netflix Is Exploring Live TV and Bundles as It Struggles to Keep Viewers Hooked
Prologis Pushes for Talks on $16.9 Billion Segro Bid
Prologis said it remained ready to engage with Segro and urged the company’s shareholders to encourage their board to enter into talks.
The $80 Billion Debt Cloud Hanging Over David Ellison’s Warner Deal
The Paramount CEO has promised not to sell off assets or cut content spending.
Delta’s Basic Business Offers Cheaper Luxury Ticket With Fewer Perks
The airline’s strategy reflects a push toward a la carte pricing even for premium tickets.
Tech, Media & Telecom Roundup: Market Talk
Find insight on SpaceX, LG Electronics, Tencent, and more in the latest Market Talks covering technology, media and telecom.
American Culture Is Warping British Politics
The power emanating from the country across the ocean has changed how Britons and their politicians view themselves. It’s embarrassing.
Exclusive | Trump-Backed Company Behind Family Crypto Wealth in Talks to Sell Core Business
The potential sale by AI Financial marks an abrupt reversal for a company that has channeled more than half a billion dollars to the Trumps.
Anthropic’s Political Risks Are Real, but OpenAI’s Loom Even Larger
The U.S. government’s targeting of Anthropic might not last—especially if political winds shift.
A look at the Patriots' offensive line before training camp
The Patriots offensive line faces uncertainty as young players attempt to improve and veterans try to provide stability.
Adam Sandler’s reaction when asked to officiate Taylor Swift and Travis Kelce’s wedding revealed
Adam Sandler’s reaction to Taylor Swift and Travis Kelce asking him to officiate their wedding has been revealed. The comedian led the star-studded ceremony at New York’s Madison Square Garden.
GOP Leaders Speak With McConnell Amid Questions About Health
The office of the 84-year-old Kentucky senator has revealed few details about his hospitalization.
After Supreme Court Ruling, CT Republicans Renew Push For Ban On Transgender Athletes In School Sports
Legislative Republicans are preparing for another attempt to ban transgender athletes from girls sports in Connecticut, this time with the backing of the U.S. Supreme Court, which ruled last week that states could regulate gender identity in sports and could ban transgender athletes from competing in girls sports.
Opinion | How Socialism Emerged in American Politics
The debate has shifted from whether the government should redistribute wealth to how much redistribution is enough.
Opinion | Patriotic Politics and a Moderate Rebranding
Republicans believe America is the greatest country on earth.
SK Hynix’s Stock Market Bargain Mirage | AI & Business for July 7
Plus, AI giants offer discounts, and college kids are doing startups instead of summer internships.
Belgium Ends Team USA’s World Cup Run After Political Firestorm
Folarin Balogun returned to the lineup after an intervention by President Trump. But he couldn’t carry the Americans to their first quarterfinal since 2002 as the U.S. slumped to a 4-1 defeat.
Opinion | Trade Uncertainty Is Bad for Business
The Trump administration’s failure to renew the U.S.-Mexico-Canada pact in its current form is a gift to lobbyists and will discourage investment.
Opinion | Put Student Learning Before Partisan Politics
If a state refuses to participate, educational resources generated by taxpayers will support students elsewhere.
Rogers Communications Buys Remaining MLSE Stake from Kilmer Sports for About $3.06 Billion
Rogers Communications is buying out the final portion of the Maple Leaf Sports and Entertainment from Larry Tanenbaum’s Kilmer Sports for 4.35 billion Canadian dollars.
Trump to Meet With Zelensky as Russia-Ukraine Battlefield Remains ‘Frozen’ | WSJ Politics Newsletter for July 6
Also, Trump faces obstacles to put the new Air Force One in his museum, and an inside look at Europe’s rupture with the U.S.
Basic Materials Roundup: Market Talk
Find insight on Vault, gold and more in the latest Market Talks covering basic materials.
Comcast’s Sky to Buy ITV’s Media and Entertainment Unit for Up to $2.14 Billion
Comcast’s Sky has agreed to buy ITV’s media and entertainment business in a deal that will see ITV spin ITV Studios off into a separate London-listed business.
Continental Agrees to Sell ContiTech Business to Lone Star Funds
Continental expects the deal to generate cash proceeds of approximately 3.1 billion euros, some of which will be used to cut debt, with around 2.5 billion euros distributed to shareholders.
Thales Plans Takeover of Exail Technologies After Buying 35.51% Stake
Thales said it signed an agreement with the Gorge family for their combined stake, valuing Exail at $4.46 billion, including debt.
EasyJet Agrees in Principle to Castlelake’s Latest Takeover Offer
The latest proposal—the fifth from Castlelake—stands at £6.90 a share. This is up from a previous proposal of £6.50 a share.
Genesis Minerals Makes Rival $3.9 Billion Bid For Vault Minerals
Genesis Minerals has made a rival bid for Vault Minerals that values the Australian gold miner at $3.9 billion, trumping an agreed merger with Regis Resources.
On the California Coast, a Picture-Perfect City Falls on Hard Times
Santa Monica is starting to bounce back from a state of “fiscal distress” including financial woes, declining international tourism and fading retail.
Opinion | Telling Time Is a Complicated Business
To stay in sync, we rely on an intricate and fragile system.
Opinion | The Government’s Costly Definition of ‘Small Business’
A system of subsidies and exemptions wastes taxpayer dollars and discourages companies from growing.