The leading cryptocurrency's price fell sharply on Friday, dragging down the market value of companies with deep ties to bitcoin tokens.
New York prosecutors conducted an hours-long interview Thursday of Michael Cohen, President Donald Trump's former attorney, asking a range of questions about Trump's business dealings, according to three people familiar with the meeting. The interview focused in part on Trump's relationship with Deutsche Bank, his biggest and longest standing creditor, according to the three people, who weren't authorized to discuss the investigation and spoke to The Associated Press on the condition of anonymity. The interview, at least the second of Cohen by the Manhattan district attorney's office, comes amid a long-running grand jury investigation into Trump's business dealings.
One glaring deficit facing the healthcare system is the lack of Black doctors across the country — a condition that needs to be addressed.
(Bloomberg) -- Driven Brands Holdings Inc., an automotive services company backed by Roark Capital, rose 21% in its U.S. trading debut after raising $700 million in an initial public offering.The company’s shares opened at $28 in New York trading Friday and closed at $26.69, giving Driven Brands a market value of about $4.5 billion. The company sold almost 32 million shares on Thursday for $22 apiece after marketing 38 million for $17 to $20.Roark Capital, which acquired Driven Brands in 2015, is keeping about a 70% stake in the company after the share sale, according to filings with the U.S. Securities and Exchange Commission. It’s one of the first major sponsor-backed listings of 2021, data compiled by Bloomberg shows.Driven Brands, based in Charlotte, North Carolina, operates car maintenance service Meineke, car wash chain ICWG and paint and repair businesses. It plans to use the IPO proceeds to pay down $722 million in senior credit facilities assumed in an acquisition, according to the filings.Morgan Stanley, Bank of America Corp., Goldman Sachs Group Inc., JPMorgan Chase & Co. and Barclays Plc led the offering. Driven Brands is trading on the Nasdaq Global Select Market under the symbol DRVN.(Updates with closing share price in second paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Joe Biden has pledged to deploy the US National Guard and FEMA resources to distribute Covid-19 vaccines across the US as part of a vaccine plan aimed at rapidly speeding up inoculations after a stalled rollout under Donald Trump’s administration that fell significantly short of its goals. The president-elect, days before his inauguration on 20 January, will propose “new, federally supported community vaccination centres” and mobilise “thousands” of staff and contractors.
Court of Appeal labelled previous conviction ‘unduly lenient’
Louise from St. Louis is not done with the franchise.
Substitute Cedric Teuchert scored an 88th minute winner as Union Berlin stunned Bayer Leverkusen 1-0 on Friday to climb to fourth place in the Bundesliga. Teuchert, who had hit the woodwork early in the second half and missed another chance on the hour, scored on the break in the 88th to give his team a deserved win against lacklustre Leverkusen, now without a win in their last four games. Leverkusen had a good chance in the first half with Nadiem Amiri but found it difficult to crack open Union's solid defence and were punished for their lack of pressure.
Officers were investigating a security alert in the Wattlebridge Road area of Newtownbutler, Co Fermanagh, close to the Irish border.
(Bloomberg) -- Mobile-games company Playtika Holding Corp. rose in its trading debut after raising $1.88 billion in an initial public offering, the biggest listing ever by an Israel-based company.Playtika’s shares, which rose as much as 34% Friday, closed up 17% to $31.62 in New York trading, giving the company a market value of about $13 billion.The company and its main owner, a China-based investor, sold 69.5 million shares Thursday for $27 apiece. Playtika had marketed the shares for $22 to $24.Playtika Chief Executive Officer Robert Antokol said in an interview that the proceeds of the IPO could fuel acquisitions of other companies as well as internal game development.“This is the right time to go public because we want to make the next jump for our growth,” he said.Gaming BoomPlaytika is going public on the coattails of a gaming-industry boom. With consumers stuck at home more due to the Covid-19 pandemic, digital-game revenue rose 12% last year, to $126.6 billion, according to researcher SuperData.Mobile games grew 10%, and accounted for nearly 60% of the total market. As it could take months more for life to normalize, many analysts say increased gameplay is expected to continue for much of this year as well.“The gaming space showed that it’s a very strong sector, it’s a very growing sector,” Antokol said. “Investors are already looking at the sector differently than they were a few years ago.”Mobile gaming company Skillz Inc. went public via special purpose acquisition companies last year and Roblox Corp. is planning a direct listing soon.Playtika had net income of $16 million on revenue of $1.8 billion for the nine months ended Sept. 30, according to its filings with the U.S. Securities and Exchange Commission. That compares with net income of $259 million on revenue of $1.4 billion during the same period in 2019.Chinese investors bought Playtika from Caesars Entertainment Corp. for $4.4 billion in 2016. After the IPO, Playtika will continue to be ultimately controlled by the Chinese company Giant Investment Co., which in turn is controlled by Yuzhu Shi, according to the filings.The offering was led by Morgan Stanley, Credit Suisse Group AG, Citigroup Inc., Goldman Sachs Group Inc., UBS Group AG and Bank of America Corp. The company’s shares are trading on the Nasdaq Global Select Market under the symbol PLTK.(Updates with closing share price in second paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
EXCLUSIVE: Xander Berkeley (Terminator 2: Judgment Day) is set for a recurring role opposite Sarah Baker and Luke Mitchell in the CW’s The Republic of Sarah, from writer-producer Jeffrey Paul King, Marc Webb, CBS Studios and studio-based Fulwell 73. Written by King, in The Republic of Sarah, faced with the destruction of her town at […]
The Connecticut Water Company announced the filing of an application to amend customer rates with the Connecticut PURA.
Schools demand No 10 explain unauthorised use of rapid Covid tests. MPs and scientists also push for answers after it emerged MHRA has not approved use of rapid tests
Nancy Pelosi says lawmakers who aided in Capitol attack may be prosecuted. House speaker’s comments come after a congresswoman said she saw colleagues leading ‘reconnaissance’ tours before the riot
One in three Los Angeles residents has been infected with Covid, scientists say. County has seen 898% increase in cases since surge began in November, with 1,125% increase in deaths, official says
Razer revealed a prototype for its new mask which includes an N95 filter, a voice amp and, yes, RGB lights. In the debut video, Razer director Charlie Bolton introduced the mask as Project Hazel and described it as “the world’s smartest mask.” It seems that Project Hazel is designed to be an advanced, sturdy mask that’s suitable for long-term use.
The National Rifle Association said it plans to restructure in Texas as it faces a mountain of legal challenges.
Flower One Holdings Inc. ("Flower One" or the "Company") (CSE: FONE) (OTCQX: FLOOF) (FSE: F11), a leading cannabis cultivator, producer and innovator in Nevada, announced today that it received payment default notices from RB Loan Portfolio II, LLC (the "Lender") in respect of interests in the amount of $262,500 due on January 1, 2021 in connection with a loan from RB Loan Portfolio I, LLC (the "Lessor") to the Company in the amount of US$30,000,000, and from RB Loan Portfolio I, LLC (the "Lessor") in respect to lease payments in the amount of $526,677 due on January 5, 2021 in connection with the Company’s lease of the greenhouse facility located at 3950 North Bruce Street in North Las Vegas.
OLIVIER DOULIERY/GettyThe National Rifle Association filed for bankruptcy on Friday.In a letter to members, Wayne LaPierre, the head of the notorious gun lobby group, wrote, “The plan aims to streamline costs and expenses, proceed with pending litigation in a coordinated and structured manner, and realize many financial and strategic advantages.”The group will apparently relocate from the “toxic political environment of New York” to Texas. For his part, LaPierre referred to the bankruptcy filing and reincorporation in the Lone Star State as a “restructuring plan.” The virulently pro-gun organization has been plagued by infighting among it executive ranks and legal troubles over the past year, and was sued by for fraud by the New York Attorney General in August. LaPierre strenuously attempted to frame the “voluntary Chapter 11 proceedings” as a positive development, despite years of rough financial news.“You know that our opponents will try to seize upon this news and distort the truth,” he wrote. “Don’t believe what you read from our enemies. The NRA is not “‘bankrupt’” or ‘going out of business.’ The NRA is not insolvent. We are as financially strong as we have been in years.”Read more at The Daily Beast.Get our top stories in your inbox every day. Sign up now!Daily Beast Membership: Beast Inside goes deeper on the stories that matter to you. Learn more.
Ethan Hawke has been cast in a leading role in the “Moon Knight” series at Disney Plus, Variety has confirmed with sources. The exact details of Hawke’s character are being kept under wraps, but he is reportedly set to play the show’s lead villain. Variety previously reported that Oscar Isaac is set to star in the series. […]