By Arasu Kannagi Basil (Reuters) -MapLight Therapeutics debuted on the Nasdaq on Monday with a valuation of $787 million, becoming the first company to go public under a rarely used regulatory provision since the start of the U.S. government shutdown. Shares of the Redwood City, California-based company, which is developing treatments for central nervous system…
(Reuters) -U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins pledged to pursue minimal regulation and fast-track President Donald Trump‘s proposal to scrap quarterly earnings reports in an opinion piece for the Financial Times on Monday. “The government should provide the minimum effective dose of regulation needed to protect investors while allowing businesses to flourish,”…
Tesla CEO Elon Musk and Oracle co-founder Larry Ellison have recently engaged in an unofficial battle for the title of the wealthiest person on the planet, with each amassing a net worth of around $400 billion. But following the news of Musk’s eye-popping compensation package proposal, he may soon run away with that title with…
(Reuters) -Nasdaq CEO Adena Friedman on Monday advocated to provide public companies the option to report either quarterly or semi-annually, as the exchange operator reinforces its support for reforms to reduce reporting burden on publicly listed companies. The comments come after U.S. President Donald Trump on Monday renewed calls for ending quarterly reports for companies,…
(Reuters) -Billionaire Elon Musk on Thursday filed a motion to dismiss the U.S. Securities and Exchange Commission’s civil lawsuit that accused him of waiting too long in 2022 to reveal his large stake in Twitter. Musk later renamed the social media company X after buying it. (Reporting by Shubham Kalia in Bengaluru; Editing by Himani…
OMAHA, Neb. (AP) — Berkshire Hathaway revealed four new investments Thursday in steelmaker Nucor, insurer UnitedHealth and two of the nation’s biggest homebuilders — Lennar and DR Horton — but it’s not clear if the investments are big enough to ensure that legendary investor Warren Buffett handled them. Buffett, who plans to retire as CEO…
(Reuters) -Shares of UnitedHealth Group surged more than 12% in premarket trading on Friday after Warren Buffett’s Berkshire Hathaway revealed a new investment in the health insurer. Berkshire owned 5.04 million UnitedHealth shares worth about $1.57 billion as of June 30, it said in a U.S. Securities and Exchange Commission filing. The investment comes at…
Over its years of shepherding its portfolio firms through regulatory waters in the U.S., Andresseen Horowitz (a16z) has made several proposals to keep securities laws off of crypto activity, and a new petition to the Securities and Exchange Commission is seeking such protection for decentralized finance (DeFi) websites and mobile applications. The request, sent in…