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3/22/21: What’s Going On

News from around the business world.
(9dream studio)
(9dream studio)
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“Hospitals that have published their previously confidential prices to comply with a new federal rule have also blocked that information from web searches with special coding embedded on their websites, according to a Wall Street Journal examination. The information must be disclosed under a federal rule aimed at making the $1 trillion sector more consumer friendly. But hundreds of hospitals embedded code in their websites that prevented Alphabet Inc.’s Google and other search engines from displaying pages with the price lists, according to the Journal examination of more than 3,100 sites.”

Canadian Pacific Railway Ltd. agreed to acquire Kansas City Southern in a transaction valued at about $25 billion that would create the first freight-rail network linking Mexico, the U.S. and Canada. The combination, which faces a lengthy regulatory review, is a long-term wager on an interconnected North American economy. The three countries are reopening at different speeds after the Covid-19 pandemic disrupted supply chains and upended global trade.

“Investors are pouring millions of dollars into land. But these lush fields and rolling hills only exist within videogames. Just as physical land appeals to pension funds and family offices, digital real estate is luring both investors and dedicated gamers, said Craig Russo, the co-founder of Polyient Games, an investment fund and startup incubator focused on the intersection of gaming and so-called non-fungible tokens. Those are digital identifiers which help verify the authenticity of an asset.”

Companies Raising Capital
NameAmountDescriptions
Nuvemshop$90 MillionE-Commerce Platform for SMBs To Connect More Directly With Their Consumers
Flex Logix$55 MillionBuilding Chips Designed To Bring AI Workflows To The Compute Edge
Pluang$20 MillionIndonesia-Based Fintech Firm With Cost-Effective Savings And Investment Proucts

“Multiple Facebook services, including Instagram, WhatsApp, Messenger and Gaming, became inaccessible to users around the world for about an hour earlier [Friday] due to a “technical issue,” the company said in a statement to media outlets.”

“Tesla Inc. would never provide the U.S. government with data collected by its vehicles in China or other countries, Elon Musk, the company’s chief executive, told a high-level conference in China.”

“ByteDance said on Monday its video games unit Nuverse has agreed to acquire Shanghai-based gaming studio Moonton Technology, as it seeks to further expand into the video games business.”

“Former President Donald Trump, suspended from Twitter, Facebook and other social media sites after the Jan. 6 attack on the Capitol, plans to launch his own platform in two to three months, one of his senior advisers told Fox News on Sunday.”

“British food delivery firm Deliveroo is seeking a valuation of up to £8.8 billion ($12.2 billion) in its upcoming initial public offering in London.”

Solar stocks are losing their shine. The TAN solar ETF rallied Friday and early Monday, though it remains down nearly 30% from its January peak. The group has come under pressure after a more than 280% surge over the past 12 months.”

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