Your Evening Briefing
Your Evening Briefing
(Bloomberg) --
KKR has formally approached drugstore giant Walgreens Boots about a deal to take the company private, in what could be the biggest-ever leveraged buyout.
Here are today’s top stories
Travis Kalanick sold about 20% of his stake in Uber last week. The 20.3 million shares were worth roughly $547 million.
An unarmed man shot at point blank range by Hong Kong police and a man set on fire by protesters remain in critical condition.
Alibaba logged more than $38.3 billion of purchases during its Singles’ Day bonanza, exceeding last year’s record after a 24-hour shopping marathon.
At the height of the Danske Bank dirty-money scandal, the lender started offering gold bars to wealthy clients to help them keep their fortunes hidden, according to documents seen by Bloomberg.
Tesla unveiled its first vehicles built in China, a milestone for Elon Musk’s company as it prepares to start sales of domestically made electric sedans in the world’s largest auto market.
President Donald Trump suffered a setback in his lawsuit to block New York from giving a copy of his state taxes to Congressional committees.
What’s Joe Weisenthal thinking about? The Bloomberg news director says recent volatility in the repo markets has to be one of the most difficult concepts in finance to understand. On the latest episode of the Odd Lots podcast, Credit Suisse’s Zoltan Pozsar, an undisputed expert in the space, holds forth.
What you’ll need to know tomorrow
- Philiippine Airlines president Lucio Tan Jr. dies at age 53.
- Steve Wozniak is in a fight with Goldman Sachs.
- The defect-prone F-35 may soon get its $400,000 helmet fixed.
- This $100 billion fund manager is taking on stock bubble myths.
- Pressure is growing on the U.K. to return Diego Garcia.
- Poland criticizes Netflix over a Holocaust documentary.
- This CBS executive got a $100 million severance and kept his job.
What you’ll want to read tonight in Businessweek
Corporate filings and government reports still guide how many investors view global economics and politics. But more of them are turning to non-traditional information to supplement official statistics. Torrents of terabytes produced every day by web searches, tweets, credit-card purchases and satellites can be turned into insight on foot traffic at Chipotle, the macroeconomic performance of an African nation, and even who’s arriving in Omaha to potentially pursue deals with Warren Buffett.
©2019 Bloomberg L.P.