Crypto Giant Binance Struggles in Europe
The Netherlands and Belgium have barred the exchange, Germany hasn’t given it a license to operate and French prosecutors are investigating it.
Zuckerberg Looks to Deliver Hit to Musk With Upcoming Twitter Clone Named Threads
The planned Meta microblogging app, set for release Thursday, is seen as a potential rival because of the Instagram connection and the company’s history.
Paine Schwartz Makes $1.08 Billion Offer for Australian Fruit Grower Costa
Fruit and vegetable grower Costa Group received an unsolicited takeover proposal from U.S. private-equity firm Paine Schwartz Partners valuing the Australian company at $1.08 billion.
Private Equity-Backed MediaMath Files for Bankruptcy and Plans to Wind Down
The advertising-technology company was unable to reach an out-of-court deal with potential buyers or investors.
Rivian Shares Climb After EV Deliveries Outpace Estimates
The electric-vehicle maker’s stock jumped 17.4%, posting its best five-day stretch since November.
China’s Chip Industry Braces for Further Sanctions With Concerns and Defiance
At an annual semiconductor-industry conference in Shanghai, U.S. export restrictions are a major topic.
Monster Beverage to Acquire Bang Energy Out of Bankruptcy for $362 Million
Bang filed for chapter 11 last year after paying Monster a large settlement.
Diamond Giant De Beers to Let Botswana Keep Half of Production
The deal that extends the company’s relationship with the country while loosening its hold on its output there.
Canada’s Oil-Sands Miners Want to Flush Oceans of Wastewater Downstream
Waste sitting in pits could fill almost 883,000 Olympic-size swimming pools, and oil companies say they need to find a way to reduce it.
Tesla Gears Up for Battle With Gasoline Cars
Tesla is using price cuts to expand aggressively while old-school autos remain profitable, but the two can’t stay in separate bubbles forever.
Source: Dow Jones Newswires