Adam Castillo, founder of AGS Myanmar, was detained Thursday at Yangon International Airport. The U.S. State Department is aware of a reported detention but hasn't commented further.
The markets are starting the week in their trillion-dollar IPO era, now that SpaceX shares are trading. Why it matters: Think of Elon Musk's company like a pebble, a big one, thrown into a giant lake of equity — there will be ripples through the public and private markets, and they'll be rippling for a while. - "Any large IPO has a gravitational pull to them, so they can have sizable effects on the public markets, on private markets and sectors," Aaron Mulvihill, a strategist at JPMorgan Asset Management, tells Axios. State of play: Those impacts take time. SpaceX made only a small slice of its shares available to the market — around 5%. - In a typical IPO, a company will offer up about 10%-20% of its shares as its float, Mulvihill…
The markets are starting the week in their trillion-dollar IPO era, now that SpaceX shares are trading. Why it matters: Think of Elon Musk's company like a pebble, a big one, thrown into a giant lake of equity — there will be ripples through the public and private markets, and they'll be rippling for a while. - "Any large IPO has a gravitational pull to them, so they can have sizable effects on the public markets, on private markets and sectors," Aaron Mulvihill, a strategist at JPMorgan Asset Management, tells Axios. State of play: Those impacts take time. SpaceX made only a small slice of its shares available to the market — around 5%. - In a typical IPO, a company will offer up about 10%-20% of its shares as its float, Mulvihill…Open
Luigi Mangione's legal team is back in court in New York City this week for a key pretrial hearing. He's accused of stalking and killing an insurance CEO. Donors have given $1.5 million to support his defense.
Luigi Mangione's legal team is back in court in New York City this week for a key pretrial hearing. He's accused of stalking and killing an insurance CEO. Donors have given $1.5 million to support his defense.Open
Fox Corp. is buying streaming platform Roku in a cash-and-stock deal valued at approximately $22 billion
The United States and Iran have a deal that could lead to the end of their monthslong war.
President Trump said Iran had promised to suspend enriching uranium, but it is unclear for how long.
The House speaker sounded off on the president as he tries to make his way out of his "reckless and costly war of choice."
The House speaker sounded off on the president as he tries to make his way out of his "reckless and costly war of choice."Open
Authorities say 12 people were killed when a plane crashed in Missouri.
Authorities say 12 people were killed when a plane crashed in Missouri.Open
"Happy Birthday Donald. You’ve renewed and invigorated the Swamp."
"Happy Birthday Donald. You’ve renewed and invigorated the Swamp."Open
The agreement marks one of the biggest diplomatic developments since the U.S. launched strikes in February.
The agreement marks one of the biggest diplomatic developments since the U.S. launched strikes in February.Open