Deals
Reuters exclusively reported[1] that Macy’s Inc has agreed to open its books to Arkhouse and Brigade Capital, a potential breakthrough in the investment firms’ $6.6 billion bid to take the U.S. department store operator private.
Read more https://www.reutersagency.com/en/reutersbest/article/macys-opens-its-books-in-company-sale-talks/
Economy
Reuters exclusively reported[1] that India’s central bank is stepping up its fight against “exuberance” in retail lending, targeting new areas including mortgage-linked “top-up” loans, on concern about rising risks to the financial system.
Technology
Reuters exclusively reported[1] that Taiwan’s TSMC is looking at building advanced packaging capacity in Japan, a move that would add momentum to Japan’s efforts to reboot its semiconductor industry.
Japan is seen as well positioned
Science
Reuters exclusively reported[1] that SpaceX is building a network of hundreds of spy satellites under a classified contract with a U.S. intelligence agency, demonstrating deepening ties between billionaire entrepreneur Elon Musk’s space company and
Business & Finance
Reuters exclusively reported[1] that Citigroup is investigating workplace harassment allegations made by at least one employee against a senior U.S. banker who works on initial public offerings.
The complaints come in the
Health
Reuters was first to report[1] on the FDA approving Madrigal Pharmaceuticals’ drug Rezdiffra, an oral drug to treat a fatty liver disease known as non-alcoholic steatohepatitis (NASH). The approval was the first of its kind.
The
Deals
Reuters exclusively reported[1] that private equity firm Vista Equity Partners is seeking to hire investment banks for a U.S. initial public offering of Solera, a provider of software to the automotive and insurance industries.
The U.S. IPO
Read more https://www.reutersagency.com/en/reutersbest/article/vista-equity-seeks-to-tap-banks-for-solera-ipo/