Pinterest shares dropped as much as 11%, the most since early March, as trading volume was double the three-month average.
Wall Street often grumbles about the unhelpfulness of so-called reference prices for direct listings like Coinbase Global Inc. It turns out they might not be so inaccurate, after all.
The International Monetary Fund won’t hand over $5 billion of special drawing rights to Venezuela to bolster its reserves as part of a massive injection of resources to member nations, due to an ongoing dispute over whether President Nicolas Maduro is the legitimate leader of the country.
Elliott Management Corp.’s decision to build a stake in GlaxoSmithKline Plc piles more pressure on Chief Executive Officer Emma Walmsley to speed up a turnaround of the U.K. pharmaceutical giant.
JBS SA, the owner of poultry brand Pilgrim’s Pride Corp., is emerging as the frontrunner to buy Dutch plant-based food producer Vivera, people with knowledge of the matter said.
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