It’s 11:25 pm on Monday, 10 February 2025, in Washington, and these are some of the top news in the finance world right now.
Falling US Flu Vaccine Rates Impact Australia’s CSL (CSL.AX) Profit Growth
Australia’s CSL (CSL.AX) reports a decline in profit growth due to decreasing flu vaccination rates in the United States. The company attributes this downturn to lower demand for flu vaccines. This trend has negatively affected CSL’s financial performance.
Russia Sends Wounded Soldiers to North Korea for Treatment
Russia is sending hundreds of soldiers wounded in Ukraine to North Korea for medical treatment and rehabilitation. According to Ambassador Alexander Matsegora, North Korea provides this care free of charge.
Stripe Plans Employee Tender Offer at $85 Billion Valuation
Payment processing company Stripe is preparing an employee tender offer valuing the company at $85 billion. This move aims to provide liquidity for employees and address expiring restricted stock units. The Information reports that the offer is expected to occur in the coming weeks.
Tesla (TSLA) Supplier CATL Plans $5 Billion Hong Kong Listing
Contemporary Amperex Technology Co. Ltd. (CATL), a major battery supplier for Tesla (TSLA), plans to raise $5 billion through a listing in Hong Kong. Reuters reports that the listing is scheduled for this week. The funds will support CATL’s global expansion and research initiatives.
Sera Prognostics (SERA) Announces $50 Million Public Offering
Sera Prognostics (SERA) has announced the pricing of a $50 million public offering. The company specializes in developing biomarker tests for maternal and fetal health. Proceeds from the offering will support product development and commercialization efforts.
Nuix (NXL.AX) Awarded Patent for Deep Learning AI Training Technology
Nuix (NXL.AX) has been granted a patent for its deep learning technology used in training artificial intelligence. This advancement enhances the company’s capabilities in data analysis and processing.
Watchdog Warns of Unspent USAID Funds Due to Trump’s Cuts
A government watchdog reports that $8.2 billion in USAID funds remain unspent due to cuts implemented during the Trump administration. The lack of oversight has raised concerns about the effective use of these funds.
Meta (META) Job Cuts Surprise Employees Not Rated as Low Performers
Meta’s (META) recent job cuts have affected employees who were not classified as low performers. Business Insider reports that the layoffs have led to uncertainty among staff. The company has not provided detailed criteria for the job reductions.
Elon Musk-Led Group Seeks Control of OpenAI for $97.4 Billion
A group led by Elon Musk has offered $97.4 billion to take control of OpenAI. Sam Altman, CEO of OpenAI, has declined the proposal.
Stock Market Rises Amid Trump’s Latest Tariff Threats
Despite recent tariff threats from former President Trump, Wall Street indexes have risen. Investors appear to be taking the news in stride. Yahoo Finance reports that the market’s resilience is attributed to strong corporate earnings.
Asian Stocks Decline Due to Lingering US Tariff Concerns
Asian stock markets have fallen as concerns over US tariffs persist. Investors are exhibiting a risk-off attitude in response to potential economic impacts.
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