Netflix’s Reed Hastings exercised $612 mln from stock options in 2020
Netflix Inc (NFLX.O) co-Chief Executive Officer Reed Hastings realized $612.13 million from exercising his stock options in 2020, a year of bumper subscription growth for the video-streaming giant. The company, which crossed 200 million subscribers last year as people sought entertainment from home during the COVID-19-imposed lockdowns, saw its shares rise more than 67% in 2020. Hastings […]
U.S. manufacturing, new homes sales underscore booming economy
U.S. factory activity powered ahead in early April, though manufacturers increasingly struggled to source raw materials and other inputs as a reopening economy leads to a boom in domestic demand, which could slow momentum in the months ahead.
Verizon loses more-than-expected wireless subscribers
Verizon Communications Inc (VZ.N) said on Wednesday it lost more wireless subscribers than expected during the first quarter as it battled intense competition from T-Mobile US Inc (TMUS.O) and AT&T Inc (T.N) to attract customers. As the 5G technology gains traction, customers have been exploring competitive options from the big three telecoms carriers, which are making big investments to upgrade their […]
Merck plans large outpatient trial of COVID-19 pill, stops study in hospitalized patients
(Reuters) – Merck & Co Inc on Thursday said it plans a large study of what could become the first pill to target the coronavirus in people at risk of severe COVID-19, but will no longer pursue use of the experimental antiviral drug in hospitalized patients.
Cathie Wood’s Ark buys into Coinbase, sells a bit of Tesla
LONDON (Reuters) – Cathie Wood’s Ark funds bought $246 million worth of Coinbase shares on the cryptocurrency exchange’s Nasdaq debut on Wednesday and sold some Tesla shares, according to their daily fund trading summary.
A $9 million boss? UniCredit investors to decide how much Orcel is worth
MILAN (Reuters) – Investors are due to approve Andrea Orcel’s appointment as chief executive of UniCredit on Thursday, but the issue that scuppered his first attempt to run a major bank is overshadowing his second: pay.
Oil maintains upward momentum but virus concerns cap gains
SINGAPORE (Reuters) -Crude oil climbed on Wednesday after industry data showed U.S. inventories declined more than expected and OPEC raised its outlook for oil demand, but gains were capped by worries about the coronavirus and by rising supplies.
Polish watchdog says eyeing legal steps over PKN Orlen newspaper deal
WARSAW (Reuters) – Polish antitrust regulator UOKiK said on Tuesday it was examining further legal steps after a court suspended its approval of state-owned refiner PKN Orlen’s takeover of newspaper publisher Polska Press. The planned takeover has been criticised by opposition political parties, which say it is part of a wider effort by the ruling […]
Children swap classrooms for beach lessons in Spain
LOS NIETOS, Spain (Reuters) – Does having school at the beach sound like a dream? After a year of remote learning and socially distanced classrooms, one school in the Spanish region of Murcia is doing just that, trying to combine clear air and a new way of teaching.
Grab agrees world’s biggest SPAC merger, valued at $40 billion
SINGAPORE (Reuters) -Southeast Asia’s biggest ride-hailing and food delivery firm, Grab Holdings, agreed a merger on Tuesday with U.S.-based Altimeter Growth Corp in a deal that gives Grab an initial proforma equity value of about $39.6 billion and will lead to a public listing.
