• Vaccine passports are spreading across the world. Here's how they could work in the US

    4 days ago - By Business Insider

    Summary List Placement Vaccine passports are set to become a part of everyday life right across the world as governments race to vaccinate their populations against the coronavirus.
    Countries including Israel, the United Kingdom, and much of Europe have either already rolled out a vaccine passport scheme or are actively working on one.
    While the US government says it won't introduce federally mandated vaccine passports , it does look increasingly likely that many restaurants, gyms, sports stadiums, and other venues will require such a document to prove they have been vaccinated against...
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  • MERRILL LYNCH: The economy's monumental turnaround is pushing the stock market into a period of turbulence and uncertainty. Here are the best strategies for capitalizing on what lies ahead

    MERRILL LYNCH: The economy's monumental turnaround is pushing the stock market into a period of turbulence and uncertainty. Here are the best strategies for capitalizing on what lies ahead

    4 days ago - By Business Insider

    Summary List Placement The US government's aggressive policy response to the pandemic most likely ended a 20-year period that was characterized by a low average nominal GDP growth rate of about 4%, said Lauren Sanfilippo, an investment strategist at Merrill Lynch.
    In a recent note to clients, Sanfilippo illustrated just how unusual the response was, and laid out the stock-market impact it's likely to have.
    The money that was pumped into the economy through fiscal stimulus in the form of business loans, $1,400 checks, and other provisions amounted to over 20% of the gross domestic...
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  • Shareholders want to hold corporate giants accountable for their commitments to racial equity and justice. The banks are fighting back

    Shareholders want to hold corporate giants accountable for their commitments to racial equity and justice. The banks are fighting back

    4 days ago - By Business Insider

    Summary List Placement In the wake of George Floyd's death, a number of major banks and financial institutions announced billions in sweeping investments and donations to combat racial inequity along with internal plans to promote diversity.
    Now, a group of investors representing over $1.2 trillion in assets, the Service Employees International Union 's Capital Stewardship Program and CtW Investment Group, is asking some of those banks to have their plans, proposals, and policies audited by a third party, preferably a civil rights law firm. The group of investors say the firm would judge...
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  • US Air Force's new F-15EX fighter aircraft finally has a name

    US Air Force's new F-15EX fighter aircraft finally has a name

    4 days ago - By Business Insider

    Summary List Placement The Air Force officially rolled out its newest fighter jet Wednesday at Eglin Air Force Base in Florida, where the service finally announced its name.
    The F-15EX will be called the "Eagle II," following in the naming tradition of the F-15C Eagle and F-15E Strike Eagle.
    The Air Force put in its first F-15EX order last July, ordering eight jets. The service plans to obtain at least 144 of these fighters to replace the ageing fleet of C and D variant F-15s.
    The F-15 is an exceptional fighter aircraft, having never been shot down in combat, but the average age of the...
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  • KKR-backed gaming company AppLovin targets a $30 billion valuation for its US IPO

    KKR-backed gaming company AppLovin targets a $30 billion valuation for its US IPO

    4 days ago - By Business Insider

    REUTERS/Benoit Tessier
    KKR-backed AppLovin is targeting a $30 billion valuation for its US IPO, Reuters reported.
    AppLovin plans to raise $2.13 billion by selling 25 million shares between $75 to $85 each.
    The mobile-gaming company applied to list under the Nasdaq ticker symbol "APP."
    See more stories on Insider's business page .
    Mobile-gaming company AppLovin is targeting a $30 billion valuation for its US initial public offering, with plans to raise as much as $2.13 billion, Reuters first reported Wednesday. AppLovin, backed by private equity firm KKR, is looking to sell 25 million...
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  • Singaporean ride-hailing giant Grab is reportedly set to list in the US via a SPAC merger at a $35 billion valuation

    4 days ago - By Business Insider

    ROSLAN RAHMAN/Getty Images
    The Singaporean rideshare giant Grab is set to merge with the SPAC Altimeter Growth 1, according to a report from The Financial Times.
    The deal values the combined company at $35 billion and will give $2.5 billion in financing to Grab.
    Grab grew revenues 70% year-over-year in 2020 despite COVID-19 headwinds.
    Sign up here for our daily newsletter, 10 Things Before the Opening Bell .
    The Singapore-based ride-hailing and delivery giant Grab is reportedly set to list in the US via a SPAC merger with Altimeter Growth Corp. 1. The deal values the combined entity at $35...
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  • KKR-backed gaming company AppLovin targets a $30 billion valuation for its US IPO

    KKR-backed gaming company AppLovin targets a $30 billion valuation for its US IPO

    4 days ago - By Business Insider

    Summary List Placement Mobile-gaming company AppLovin is targeting a $30 billion valuation for its US initial public offering, with plans to raise as much as $2.13 billion, Reuters first reported Wednesday .
    AppLovin, backed by private equity firm KKR, is looking to sell 25 million shares between $75 to $85 each.
    The Palo Alto, California-based company applied to list under the Nasdaq ticker symbol "APP."
    Banks underwriting the deal are led by Morgan Stanley, JP Morgan, KKR, BofA Securities, and Citigroup.
    AppLovin, founded in 2012, is the latest in the long list of mobile gaming firms...
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  • Singaporean ride-hailing giant Grab is reportedly set to list in the US via a SPAC merger at a $35 billion valuation

    Singaporean ride-hailing giant Grab is reportedly set to list in the US via a SPAC merger at a $35 billion valuation

    4 days ago - By Business Insider

    Summary List Placement The Singapore-based ride-hailing and delivery giant Grab is reportedly set to list in the US via a SPAC merger with Altimeter Growth Corp. 1.
    The deal values the combined entity at $35 billion, according to three unnamed sources from The Financial Times ,
    Grab will raise $2.5 billion in total financing through a private investment in public equity in the deal, with $1.2 billion coming from Altimeter Growth 1.
    The figures of the proposed merger are still subject to change, the Financial Times report added.
    Grab was founded in 2012 by Anthony Tan and Tan Hooi Ling and...
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