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Business News

Location American Business News for 25 May 2022

Guggenheim's Scott Minerd SeesGuggenheim Chief Investment Officer Scott Minerd Says there’s a lot more downside to crypto after the market plunged. He has predicted that the price of bitcoin could fall to $8K.... Guggenheim’s Scott Minerd Predicts the Future Outlook for Bitcoin, Crypto Bitcoin bear Scott Minard, global chief investment officer of Guggenheim Partners, shared his recent predictions […]
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Wendy's Largest Shareholder Explores Burger-Chain Deal

Wall Street Journal - 25 May 2022 02:09
Wendy's Largest ShareholderTrian Fund Management said it is weighing possible transactions to acquire control of the company.
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Medley Pharma likely to beMedley Pharma, the privately held Mumbai-based company, is on the block. Drug majors like Cipla, Dr Reddy's, KKR-backed JB Chemicals, and Torrent, along with marquee private equity investors Advent,... Carlyle and Blackstone are seen as potential buyers for its Rs 1,000-crore business.
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Data Powered Marketing: ABeverly Jackson, global vp of brand and consumer marketing for Twitter, stopped by Adweek's Social Media Week to share her successful formula for delivering breakthrough marketing campaigns that... deliver big results, including how brands can tap into millions of social conversations to unlock valuable data and insights, how the creator community can amplify your most...
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As Starbucks Retreats FromThis week Starbucks joined McDonald's in retreating from the Russian market entirely. However, people still don't feel like brands are doing enough to help Ukraine, as the Kremlin continues to wage... its brutal war. What's more, they're placing greater accountability on advertisers than their own governments. Data from Forrester, gleaned from 1500 consumers in the...
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Aether Ind IPO subscribed 49%None of the three investor categories completes quota, with HNI interest being the dullest at 16%
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US pharmaceutical firm Pfizer said it would sell its patented drugs at cost to 45 low-income countries.
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Guns, Law and the Uvalde Elementary School Shooting

The New York Times - 25 May 2022 14:10
Guns, Law and the UvaldeThis could be the mass shooting that leads to significant change -- or it could join the long list of other atrocities that have been followed by policy stalemates.
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Supply chain challenges can beHe was speaking during a session on 'Balancing globalisation and resilience in a time of crisis' at the World Economic Forum Annual Meeting 2022.
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Amazon.com faces recordAmazon.com Inc faces 14 investor resolutions challenging its policies at its annual shareholder meeting, a record for the retail and cloud computing giant, as socially minded investors scrutinize its... treatment of workers.
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Sequoia China-Backed CryptoBabel Finance's latest funding round comes as the crypto market is struggling to recover from the spectacular collapse of TerraUSD and Luna.
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The investment bank now thinks bitcoin and digital assets should rebound after the great sell-off of 2021 and 2022.
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Tesla is creating a "closed-loop system" for its Shanghai factory to avoid future shutdowns amid China's zero-COVID policy.
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British software companyA Loughborough-based software company is close to becoming more valuable than Sage Group, the FTSE-100 technology champion, as it finalises a deal to sell a stake to a Singaporean state investment... fund.
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MetaKing Studios has raised $15 million in seed-stage funding to make the blockchain-based massively multiplayer online game Blocklords.
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Cryptocurrency tax firmCryptocurrency portfolio tracking and tax compliance platform CoinTracker on Wednesday announced its foray into the Indian market. The company's move also comes against the backdrop of the government... mandating a 30 per cent taxation on such transactions with effect from April 1. Starting today, the crypto tax compliance and portfolio tracking products will be available to all crypto users across India, it said, while announcing the launch of its product in the country. CoinTracker said users in India can now deal in crypto assets without worrying about the challenges associated with tracking, reconciliation, accounting and compliance. "It can be challenging for folks to navigate the complexity of buying, holding and transacting with cryptocurrency and nearly impossible to comply with taxes...
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Pfizer Offers Low-Cost DrugsPfizer said it would sell its patented medicines and vaccines--including for Covid-19, breast cancer and pneumonia--to low-income countries on a not-for-profit basis.
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Bitcoin 'finally' due forAn uptick to two-week highs is on the cards but longer timeframes still trouble Bitcoin analysis.
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Zoho invests Rs 20 crore in robotics startup

Times of India - 25 May 2022 05:50
Zoho invests Rs 20 crore inZoho's investment is aimed at helping Genrobotics achieve the scale needed to eradicate manual scavenging in India and provide safety and dignity to workers in the sanitation and oil and gas... industries.
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The consignment, shipped on Monday after Indonesia lifted an export ban on the commodity, will reach India by the end of this week and will be available at the retail end by June 15, said Sandeep... Bajoria, chief executive of edible oil importing firm Sunvin Group.
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The S&P and the Dow are on track for the worst first 100 trading days since 1970. And for the Nasdaq, it's the worst ever.
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Elon Musk drops out of $200Elon Musk, the world's richest person, saw his fortune drop Tuesday by 5.4% to $192.7 billion as shares of Tesla Inc. slid almost 7%. While Musk's wealth is the lowest it's been since August 26, the... Tesla co-founder is still easily the richest of the handful of people worth at least $100 billion, according to the Bloomberg Billionaires Index.
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Alation details its data intelligence strategy

Venture Beat - 25 May 2022 04:13
Alation's Open Data Quality Framework (ODQF) opens up Alation Data Catalog to any data quality vendor in the data management ecosystem and modern data stack.
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Singapore's economy expanded at a faster pace in the first quarter of 2022 than previously estimated, mainly due to solid growth in the manufacturing, construction and services-producing industries.
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Fresh-food maker Bolthouse Farms Inc. said it agreed to acquire Starbucks's Evolution Fresh line of juices, which currently are sold in Starbucks cafes and supermarkets.
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