Articles from www.bloomberg.com

Articles from www.bloomberg.com

CIA Deputy Director David Cohen calls for the private sector to “supercharge” the agency's work in quantum computing, biotech, wireless, chips, and battery tech (www.bloomberg.com)
2023-3-15 Biotech Battery Quantum

Sources: TikTok's leadership is considering the option of divesting itself from ByteDance as a last resort if its existing proposal with CFIUS is rejected (www.bloomberg.com)
2023-3-15

Sources: Apple delays employee bonuses for some teams as it moves to once-a-year payouts, expands its hiring slowdown, keeps more positions open, curbs travel (www.bloomberg.com)
2023-3-15 Apple

Anthropic, co-founded by ex-OpenAI employees, debuts Claude, a ChatGPT rival it says is less likely to produce harmful outputs; organizations can request access (www.bloomberg.com)
2023-3-15

US Shouldn't Have Bailed Out SVB Depositors, Say Investors Like Ken Griffin and Carson Block (www.bloomberg.com)
2023-3-15

One of the world's biggest makers of insulin said it would cut US prices for several of its products by up to 75% (www.bloomberg.com)
2023-3-15

UK bank NatWest places a £1,000 daily and £5,000 monthly limit on transfers to crypto exchanges, citing scams, after similar moves by Lloyds and HSBC (www.bloomberg.com)
2023-3-15 HSBC

Binance suspends UK deposit and withdrawal services via bank transfers and card payments after its local banking partner Paysafe stopped providing support (www.bloomberg.com)
2023-3-14

Credit Suisse Finds ‘Material' Control Lapses After SEC Prompt (www.bloomberg.com)
2023-3-14

Source: US prosecutors are looking at Telegram group chats between employees at Jump, Jane Street, and Alameda in May 2023 over the collapse of TerraUSD (www.bloomberg.com)
2023-3-14

Too-Big-to-Fail Lenders Rake In Deposits After Three Banks Fail (www.bloomberg.com)
2023-3-14

Three Years After Covid Hit, Restaurants Are Still Desperate for Workers — More than 60% of establishments said in a recent survey that they're understaffed. (www.bloomberg.com)
2023-3-14

Sources: Chinese autonomous driving startup WeRide has filed confidentially for a US IPO and aims to raise $500M; WeRide was valued at ~$4.4B in March 2022 (www.bloomberg.com)
2023-3-14 China IPO Startup

US Backstops Bank Deposits to Avert Crisis After SVB Collapse (www.bloomberg.com)
2023-3-14

After Microsoft invested $1B in OpenAI in 2019, the company scrambled to string together tens of thousands of Nvidia A100 GPUs, costing several hundred million (www.bloomberg.com)
2023-3-14 Microsoft Nvidia

Pfizer to Purchase Cancer Drugmaker Seagen for $43 Billion (www.bloomberg.com)
2023-3-13

Goldman Scraps March Rate Hike Call as Traders Unwind Fed Bets (www.bloomberg.com)
2023-3-13 Goldman

The closure of SVB, Silvergate, Silvergate Exchange Network, and Signature adds stress to a troubled crypto industry; fiat conversion costs may rise by 20%-40% (www.bloomberg.com)
2023-3-13

State media: China appoints Zhang Xin to lead its state-backed chip investment fund, known as the Big Fund, seeking to counter US-led sanctions on its industry (www.bloomberg.com)
2023-3-13 China

US vows to backstop all SVB depositors (www.bloomberg.com)
2023-3-13

Signature Bank Closed by New York State Regulators, US Says (www.bloomberg.com)
2023-3-13 New York

Apple's New Challenge: A Wave of Key Executives Leaving the Company (www.bloomberg.com)
2023-3-13 Apple

Sources: the FDIC started an auction late Saturday for SVB and final bids will be due by Sunday afternoon; it's possible that no deal will be reached (www.bloomberg.com)
2023-3-13

A look at the unusually high executive turnover at Apple, which has lost 11 key people just below the Senior VP level, since the second half of 2022 (www.bloomberg.com)
2023-3-13 Apple

SVB draws support from 300+ VC firms, including General Catalyst, while 1,200+ founders and CEOs sign a Y Combinator petition asking the US Congress to act (www.bloomberg.com)
2023-3-12 Y Combinator

US Discusses Fund to Backstop Deposits If More Banks Fail (www.bloomberg.com)
2023-3-12

Sources: the FDIC is racing to sell SVB's assets and make 30% to 50% or more of clients' uninsured deposits available as soon as Monday (www.bloomberg.com)
2023-3-12 Asset

Founders fear that the collapse of SVB, which had branches in the UK, Canada, China, Germany, India, Israel, and more, could wipe out startups around the world (www.bloomberg.com)
2023-3-12 China Germany India Israel Startup Canada

US Envoy Calls on Hungary's Orban to Pivot from Russia ‘Now' | Orban said Hungary needs to ‘think hard' about its Russia ties (www.bloomberg.com)
2023-3-12 Russia

SVB CEO Sold $3.6 Million in Stock Days Before Bank's Failure (www.bloomberg.com)
2023-3-12 Stock

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