The Adidas-Puma rivalry goes back nearly 75 years, to post-war Germany. Both companies were hit hard by COVID, but analysts bet Puma has a more solid recovery plan. Read More
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Senator Mark Rubio did not have to seek Support from the U.S. to stop Ant Financial’s IPO at Hong Kong and Shanghai–authorities in China do themselves. On Tuesday, Chinese authorities in Shanghai frozen the Alibaba unit estimated $37 billion IPO, citing”fluctuations in the fiscal tech regulatory environment and other big problems.” Concerns that Ant Financial […]
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Why J.P. Morgan, Berkshire Hathaway, and Amazon’s plan to shake up healthcare fell apart
When J.P. Morgan, Berkshire Hathaway, and Amazon announced a joint venture aimed at upending healthcare costs in 2018, investors immediately had high expectations. Insurance company stocks sank in droves on the news, mirroring the shockwave Amazon’s acquisition of Whole Foods sent through grocery stores shares. But markets aren’t always great predictors for how things pan […]