Page 2 - Robert Cyran News Today

U.S. states coffers did surprisingly well during the pandemic and federal aid helped them build big fiscal buffers. Now many, like California, plan tax cuts. That may fuel even more inflation and prove unsustainable as more than $900 billion of support from Washington winds down.

The U.S. liquefied natural gas export market is burning bright, and Russia’s invasion of Ukraine makes it even more so. America’s export facilities are already largely booked. But Russia provides nearly 40% of Europe’s gas. Replacing even part of this would provide long-term security for firms like the $30 billion Cheniere Energy itching to build ...

The former Goldmanites SPAC is merging with Allwyn, implying an $8 bln market cap for the European lottery operator. Theres a novel twist: Bonus shares will go to owners who dont redeem their stock. It should help an already sensible-looking bet get over a common SPAC hurdle.

Sale would mark an ‘abrupt exit’ for Walgreens, but it ‘probably makes sense’

The U.S. president along with China, India, and other nations that consume about half the world’s crude will tap stockpiles. Despite banding together, these fossil fuel users will have less impact than OPEC in the near term. But striking such alliances makes sense longer term.

The Abu Dhabi-owned chip manufacturer has filed for a U.S. IPO. It has tailwinds thanks to industry capacity shortages and Western countries’ desire to produce semiconductors at home. But it’s plagued by persistent losses and a reported $25 billion valuation looks a stretch.

3 minute read A SpaceX Falcon 9 rocket lifts with a batch of broadband network satellites, at the Kennedy Space Center, in Cape Canaveral, Florida, April 22, 2020. REUTERS/Joe Skipper NEW YORK, June 30 (Reuters Breakingviews) - With space startups, the sky is the limit. Momentus, a satellite-transport outfit, shows how quickly the sky can fall. Its revised merger deal with blank-check firm Stable Road Acquisition (SRAC.O) values Momentus at $567 million, half its $1.1 billion worth previously. ...

3 minute read An employee carries test tubes inside a laboratory at Piramals Research Centre in Mumbai, August 11, 2014. REUTERS/Danish Siddiqui NEW YORK, June 28 (Reuters Breakingviews) - Investors can always count on the discovery of a golden nugget to create a rush. Intellia Therapeutics (NTLA.O) delivered the biotechnology version of this on Saturday, proving its technology for clustered regularly interspaced short palindromic repeats, or CRISPR, can target and edit a defective gene in huma...

© Houston Cofield/Bloomberg via Getty Images Berkshire Hathaway, the holding company of legendary investor Warren Buffett, has held its annual shareholder meeting. The event, dubbed “Woodstock for capitalists”, has been happening virtually because of the pandemic . It yielded the usual mixture of folksy commentary and gnomic wisdom. Buffett said that the US economy is “red hot” and Berkshire’s portfolio of businesses “is seeing substantial inflation”. He joked that Charlie Munge...

Reuters 2 minute read A Peloton exercise bike is seen at the Nasdaq Market site in New York City, September 26, 2019. REUTERS/Shannon Stapleton Concise insights on global finance. ----------------------------------------------- OVERUSE INJURY. Peloton Interactive (PTON.O) has backed away from its fight with the U.S. Consumer Product Safety Commission over treadmills following the death of one child and dozens of injuries. On Wednesday Peloton said it is recalling them and offering refunds. Chi...