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Will startup valuations change given rising antitrust concerns?

The United States has, over the past few decades, been extremely lenient on antitrust enforcement, rarely blocking deals, even with overseas competitors. Yet, there have been inklings that things are

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Global equities falter amid rising infections, U.S. turmoil

Wall Street in the Financial District of Lower Manhattan in New York City, U.S. /VCG Stock markets retreated Monday after a sustained rise to successive records last week, against a backdrop o

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NYSE to delist three Chinese telcos

The New York Stock Exchange (NYSE) reportedly will move forward with delisting China Mobile, China Unicom (Hong Kong) and China Telecom, according to reports from CNBC.The move is the second reversal

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Tesla 2020 deliveries beat estimates, but fall short of target

Tesla CEO Elon Musk poses during a television interview after his company's initial public offering at the Nasdaq market, New York, U.S., June 29, 2010. /Reuters Tesla Inc. on Saturday reporte

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After burning through $2 billion, Katerra gets a $200 million SoftBank lifeline to escape bankruptcy

SoftBank Group is reportedly investing $200 million to bail out Katerra, a startup that had hoped to remake the construction industry with a vertically integrated approach, according to a report in T

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RentPath drops acquisition deal with CoStar after FTC antitrust lawsuit

RentPath, owner of property listing sites including Rent.com and Apartment Guide, said today it has cancelled its agreement to be acquired by CoStar Group after the Federal Trade Commission sued to bl

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23andMe raises $82.5 million in new funding

DNA testing technology company 23andMe has raised just shy of $82.5 million in new funding, from an offering of $85 million in total equity shares, according to a new SEC filing. The funding, confirm

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Beijing 2022 Winter Olympics speed skating venue completed

A view of the National Speed Skating Hall, also known as the "Ice Ribbon" in Beijing, China, December 25, 2020. /CFP The construction of the National Speed Skating Hall for Beijing 2022, also

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Tesla debuts into S&P after frantic Friday trading

Tesla Inc. will make its much anticipated debut into the benchmark SP 500 index on Monday, after rising to a record high on Friday in a frantic day of trading.The company, headed by billionaire El

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U.S. charges Libyan man in 1988 Pam Am Flight 103 bombing

The United States on Monday unsealed criminal charges against another suspect in the 1988 bombing of Pan Am Flight 103 over Lockerbie, Scotland that killed 270 people, most of them Americans. /AP

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Troubles rise for China’s biggest chipmaker SMIC

Semiconductor Manufacturing International Corporation (SMIC), China’s top chipmaker, is under mounting pressure as reports of its CEO’s looming departure and a potential U.S. sanction conc

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Carrie Lam: 'One Country, Two Systems' upholds Hong Kong's core values

Chief Executive of China's Hong Kong Special Administrative Region (HKSAR) Carrie Lam said Wednesday that the core values underpinning the HKSAR's success, including pe

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Families reunite safely in 'hug tent' amid COVID-19 pandemic

A woman is pictured hugging her 93-year-old father through the plastic wall in the "hug tent" outside the Accel at Longmont skilled nursing facility in Longmont, Colorado, the U.S., December,

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CDC shortens recommended quarantine period to 7-10 days

The U.S. Centers for Disease Control and Prevention shortened the recommended quarantine period to seven to 10 days for people in the U.S. who have been exposed to the coronavirus, updating its g

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Ambassadors' China story: Hjalmar W. Hannesson

04:37 Hjalmar W. Hannesson began his diplomatic work in Iceland in 1976 and served as Iceland's ambassador to China from January 1995 to March 1998. During his tenure i

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Tesla shares rise despite doubts ahead of S&P 500 debut

Tesla shares rose 6 percent on Monday, approaching a $500 billion market value and extending gains to 27 percent since news a week ago that the electric car maker will debut in the SP 500 in December

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Ancient Greek god's bust found during Athens sewage work

A bust of the ancient god Hermes, in good condition, was discovered in central Athens during sewage work, authorities said Sunday.The Greek Culture Ministry said that the head, one of many that serve