Jonathan Wong
The Latest
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AMC Raises $250 Million Amid Meme Stock Surge, Stocks Skyrocket
AMC Entertainment Holdings successfully raised $250 million in new equity capital amid a revived meme stock rally, completing the sale on Monday. The movie theater chain sold 72.5 million shares in an at-the-market offering, launched on March 28, at an average price of $3.45 per share. The news of the stock sale sent AMC shares soaring another 110% in morning trading on Tuesday. 
AMC Entertainment Holdings successfully raised $250 million in new equity capital amid a revived meme stock rally, completing the sale on Monday. The movie theater chain sold 72.5 million shares in an at-the-market offering, launched on March 28, at an average price of $3.45 per share. The news of the stock sale sent AMC shares soaring another 110% in morning trading on Tuesday. -
Uber to Acquire Foodpanda's Taiwan Operations in $1.25 Billion Deal to Boost Market Presence
Uber Technologies Inc. has announced a $1.25 billion deal to acquire Delivery Hero's Foodpanda business in Taiwan. 
Uber Technologies Inc. has announced a $1.25 billion deal to acquire Delivery Hero's Foodpanda business in Taiwan. -
Melinda French Gates Steps Down from Foundation, Secures $12.5 Billion for New Projects
Melinda French Gates, one of the world's foremost philanthropists, announced Monday that she will step down as co-chair of the Bill & Melinda Gates Foundation, a role she has held since its inception in 2000. The foundation, which has disbursed nearly $78 billion in grants over the past 25 years, will now be solely chaired by Bill Gates. 
Melinda French Gates, one of the world's foremost philanthropists, announced Monday that she will step down as co-chair of the Bill & Melinda Gates Foundation, a role she has held since its inception in 2000. The foundation, which has disbursed nearly $78 billion in grants over the past 25 years, will now be solely chaired by Bill Gates. -
Major Airlines Sue DOT Over Mandatory Fee Disclosure Rules
Major U.S. airlines have filed a lawsuit against the Department of Transportation (DOT) over new regulations requiring the upfront disclosure of all airline fees. The lawsuit, lodged in the U.S. Fifth Circuit Court of Appeals by carriers including Alaska, American, Delta, Hawaiian, JetBlue, and United, as well as the industry lobby group Airlines For America (A4A), claims that the DOT exceeded its authority with these new rules. 
Major U.S. airlines have filed a lawsuit against the Department of Transportation (DOT) over new regulations requiring the upfront disclosure of all airline fees. The lawsuit, lodged in the U.S. Fifth Circuit Court of Appeals by carriers including Alaska, American, Delta, Hawaiian, JetBlue, and United, as well as the industry lobby group Airlines For America (A4A), claims that the DOT exceeded its authority with these new rules. -
BHP's Revised $42.7 Billion Takeover Bid for Anglo American Rejected, Deemed Undervalued
Anglo American has rejected a revised buyout offer from BHP Group, valuing the company at 34 billion pounds ($42.67 billion), stating that the world's largest listed miner "continues to significantly undervalue" the company. 
Anglo American has rejected a revised buyout offer from BHP Group, valuing the company at 34 billion pounds ($42.67 billion), stating that the world's largest listed miner "continues to significantly undervalue" the company. -
GameStop Shares Skyrocket 80% as 'Roaring Kitty' Resurfaces, Reigniting Meme Stock Frenzy
GameStop shares soared more than 80% on Monday, triggering multiple trading halts due to volatility, after "Roaring Kitty," the man credited with inspiring the epic short squeeze of 2021, resurfaced online for the first time in nearly three years. 
GameStop shares soared more than 80% on Monday, triggering multiple trading halts due to volatility, after "Roaring Kitty," the man credited with inspiring the epic short squeeze of 2021, resurfaced online for the first time in nearly three years. -
UAW Seeks Historic Victory at Mercedes-Benz Plant in Alabama, Bolstered by Recent Wins
Workers at the Mercedes-Benz plant in Alabama have begun voting on whether to join the United Auto Workers (UAW) union, marking a significant test of the labor group's ability to maintain momentum in the traditionally anti-union American South. The 5,200 employees at the assembly plant and nearby battery factory will cast ballots throughout the week, with final results expected on Friday. 
Workers at the Mercedes-Benz plant in Alabama have begun voting on whether to join the United Auto Workers (UAW) union, marking a significant test of the labor group's ability to maintain momentum in the traditionally anti-union American South. The 5,200 employees at the assembly plant and nearby battery factory will cast ballots throughout the week, with final results expected on Friday. -
Boeing's Woes Mount as Whistleblower Deaths, FAA Probes, and Plane Incidents Shake Confidence
The Securities and Exchange Commission (SEC) has opened an investigation into Boeing, probing whether the American aerospace manufacturer misled investors following a series of safety incidents and concerns, Bloomberg reported. 
The Securities and Exchange Commission (SEC) has opened an investigation into Boeing, probing whether the American aerospace manufacturer misled investors following a series of safety incidents and concerns, Bloomberg reported. -
Zeekr's US IPO Raises $441 Million, Valuing Chinese EV Maker at $5.5 Billion
Chinese electric vehicle maker Zeekr Intelligent Technology (ZK.N) has successfully priced its U.S. initial public offering (IPO) at the top of its indicated range, raising $441 million and giving the company a fully diluted valuation of $5.5 billion. 
Chinese electric vehicle maker Zeekr Intelligent Technology (ZK.N) has successfully priced its U.S. initial public offering (IPO) at the top of its indicated range, raising $441 million and giving the company a fully diluted valuation of $5.5 billion. -
Novavax's Stock Soars Over 100% as Sanofi Partnership Breathes New Life into Struggling Vaccine Maker
The deal, announced on Friday, sent Novavax shares soaring over 100% in premarket trading, marking a significant turnaround for the company that had previously issued a "going concern" warning about its ability to continue operating. 
The deal, announced on Friday, sent Novavax shares soaring over 100% in premarket trading, marking a significant turnaround for the company that had previously issued a "going concern" warning about its ability to continue operating.
