Commentary Elon Musk’s attempted takeover of Twitter has generated mountains of news and comment since his 13D filing with the SEC announced his ownership of 9.2 percent of the common stock on April 4th. (Subsequent filings reduced that amount to 9.1 percent) The partisan boundaries have been clearly drawn, with those on the right applauding…
Musk’s Vision, Skills Could Add Enormous Value to a Twitter 2.0
April 19, 2022
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Business & EconomyBusiness ColumnistsCompaniesElon MuskMedia & Big TechOpinionTwittervalue-addedViewpoints
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Why the US Should Ban TikTok
Commentary Since the turn of the century, rates of attention deficit hyperactivity disorder (ADHD) have skyrocketed. One in ten American kids currently suffer from the condition. A chronic, debilitating illness, ADHD is a neurodevelopmental disorder that affects people’s behavior. It negatively affects a child’s academic achievements and is a considerable barrier to successful socialization. Since 2019, ADHD has exploded on social media platforms. Millions of…
DeSantis to Hold Twitter Board Accountable for ‘Breaching Fiduciary Duty’ by Rejecting Musk Takeover Bid
April 19, 2022
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Big Tech, Censorship, and SocialismBusiness & EconomyCompanieseconomyElon MuskFeatured TopicsMedia & Big TechPoliticsRegional-Local Newsron desantisTwitterUSUS News
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Florida Gov. Ron DeSantis waded into Elon Musk’s Twitter buyout saga on Tuesday, saying that Florida would look into holding Twitter’s board of directors accountable for breaching their fiduciary duties after its members adopted a “poison pill” tactic to thwart Musk’s takeover attempt. DeSantis made the remarks at a press conference in The Villages, Florida,…
US Is by Far the Largest Supporter of Ukraine: Study
April 19, 2022
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Business & EconomyeconomyEuropehumanitarian aidRussia-Ukraine WarUkraineUSUS NewsVolodymyr ZelenskyyWorld
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The U.S. government was the top humanitarian and military contributor to Ukraine since Russia’s invasion started, a new study found. Since Feb. 24, the United States has given Kyiv 7.6 billion euros ($8.2 billion) in the form of humanitarian and military assistance, according to findings from the Kiel Institute, a German economic research think tank….
Russian Ruble Firms Versus Dollar, OFZ Bonds Near 2-month Highs
April 19, 2022
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Business & Economyeconomic policieseconomyEuropeForexMarketsOFZrubleRussiaRussia-Ukraine WarstocksWorld
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The Russian ruble firmed against the dollar on Tuesday, while prices for OFZ government bonds rose to their highest since Feb. 21 on expectations that the central bank would soon cut interest rates again. The ruble has fully recovered to levels seen before Feb. 24 when Russia sent tens of thousands of troops to Ukraine,…
Mercedes-Benz Launches Second All-Electric SUV
BERLIN—Mercedes-Benz unveiled its EQS sport utility vehicle (SUV) on Tuesday, a 660 km (410-mile) range car that will be made in America and go on sale by autumn. Production of the EQS, the premium carmaker’s second electric SUV after its EQC, will begin at its plant in Tuscaloosa, Alabama this year. The United States and…
Ukraine Conflict to Test Resilience of Global Financial System: IMF
April 19, 2022
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Business & EconomycommoditiesCompaniescrisiseconomyEuropefinancialIMFMarketsRussiaRussia-Ukraine WarsystemUkraineWorld
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WASHINGTON—Russia’s invasion of Ukraine has driven up financial stability risks “on several fronts” and will test the resilience of the global financial system at a time when interest rates are rising sharply, the International Monetary Fund (IMF) warned in its biannual Global Financial Stability Report on Tuesday. While there has so far been no globally…
Auto Industry Supply Chain Crisis Predicted To Be ‘Temporary’: Neuberger Berman
The auto industry’s ongoing supply chain disruption caused by Russia’s invasion of Ukraine is not likely to be a long-term problem according to investment managing firm Neuberger Berman. “Although Russia and Ukraine together only represent 2.1 percent of global light vehicle sales, the impact for some European original equipment manufacturers has been disproportionately larger than…
Halliburton’s Profit Jumps, Outlook Improves as Drilling Activity Increases
Oilfield services firm Halliburton Co. on Tuesday posted an 85 percent rise in first-quarter adjusted profit and raised its forecast for customer spending in North America as a rally in oil and gas prices boosted demand. Halliburton said it anticipates North American spending to grow by 35 percent this year due to stronger activity and inflation, revising…
Florida’s DeSantis Asks Lawmakers to Eliminate Disney World’s Self-Governing Status
April 19, 2022
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Business & EconomyCompaniesFloridaLocal NewsPoliticsRegional-Local Newsron desantisUSUS NewsWalt Disney World
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Florida Gov. Ron DeSantis on April 19 formally asked state lawmakers to take up eliminating Walt Disney World’s self-governing status during a special session that was set to start on Monday. DeSantis, a Republican, announced the move in a proclamation (pdf), telling members of the Florida House of Representatives and Senate that the state’s updated…
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