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Top News Stories

Twitter · Austin

Elon Musk Gets $7 Billion in Fresh Financing for Twitter Deal

44% Center coverage: 74 sources
Elon Musk has strengthened the equity stake of his offer to buy Twitter with commitments of more than $7 billion. Ellison, who is also a and Tesla board member, is making the biggest contribution, pegged at $1 billion. Saudi Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud has pledged 35 million Twitter shares.See the Story
Europe · London

Shell posts record profit on high energy prices and trading boost

43% Center coverage: 28 sources
The oil giant joined rival BP in posting better-than-expected underlying earnings for the first three months of 2022. It comes as calls mount from Labour and the Liberal Democrats for a windfall tax on oil and gas firms to help ease the cost-of-living crisis.Shell rivals, including BP and TotalEnergies have also reported a sharp rise in profits.See the Story
Business · New York

Gucci to Accept Crypto in Some US Retail Stores: Report

Coverage: 7 sources
Gucci will start accepting payments in cryptocurrencies in some of its stores in America. Customers will be able to pay using a number of cryptocurrencies, including Bitcoin, Ethereum and Litecoin. The service will be rolled out later this month at some of the brand's flagship outlets in Los Angeles and New York.See the Story
US & Canada · Washington

McCarthy said removing Trump by 25th Amendment ‘takes too long’ on post-Jan. 6 tape

67% Left coverage: 12 sources
House Minority Leader Kevin McCarthy discussed the 25th Amendment on a call with GOP leadership days after the January 6, 2021 attack on the Capitol. McCarthy also said during the call that he wanted to reach out to then-President-elect Joe Biden as he expressed hope for a smooth transition. McCarthy has moved to tamp down the potential fallout from the audio releases.See the Story
Business · Menlo Park

Facebook parent to slow hiring as costs mount

50% Center coverage: 10 sources
Meta Platforms Inc is slowing the growth of its workforce as the Facebook parent looks to rein in costs. Business Insider, citing an internal note to employees, reported that the company was lowering hiring targets and had temporarily stopped hiring for the remainder of the year. Meta Platforms last week recorded its slowest revenue growth in a decade.See the Story

Saudi Prince Alwaleed says Musk will be 'excellent leader' for Twitter

Coverage: 5 sources
Saudi Arabian investor Prince Alwaleed bin Talal said on Thursday billionaire entrepreneur Elon Musk will be an excellent leader for Twitter. He agreed to roll his $1.89 billion stake into the deal rather than cashing out. He had on April 14 opposed the buyout bid, saying the price did not come close to the intrinsic value of Twitter.See the Story

Shopify to buy logistics firm Deliverr in $2.1 bln deal

Coverage: 7 sources
Shopify CEO Tobi Lutke says the deal will help give businesses access to a simple and powerful logistics platform. The transaction is expected to close following regulatory review. Shopify, which keeps its books in U.S. dollars, reported a first-quarter loss of US$1.5 billion or US$11.70 per diluted share.See the Story
Business · New Zealand

New Zealand on verge of wiping out painful cattle disease

72% Center coverage: 7 sources
New Zealand is on the verge of eradicating a painful disease from its herd of 10 million cattle. The four-year campaign has cost hundreds of millions of dollars and resulted in more than 175,000 cows being killed. Agriculture Minister Damien OConnor said 271 farms had been cleared of Mycoplasma bovis. Only a single farm in the country still had the bacterial disease.See the Story

Dabur Q4 net profit down 22% to Rs 294 crore, net sales up 7.7% to Rs 2,518 crore

100% Left coverage: 1 sources
The company had posted a net profit of Rs 377.29 crore in the January-March period a year ago. Its revenue from operations rose 7.74 per cent to Rs 2,517.81 crore. Shares of Dabur India Ltd were trading at Rs 529 on BSE, down 1.59 per cent.See the Story

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