Thursday 23 December 2021

Reuters Business: S&P 500 hits record close as Omicron fears ebb

S&P 500 hits record close as Omicron fears ebb

Wall Street's main indexes posted solid gains for a third straight session on Thursday, with the S&P 500 marking a record-high close, as encouraging developments gave investors more ease about the economic impact of the Omicron coronavirus variant.

Wall Street climbs for third day as Omicron fears ebb

Wall Street's main indexes rose sharply for a third straight session on Thursday after encouraging developments gave investors more ease about the economic impact of the Omicron coronavirus variant, lifting the mood ahead of Christmas break.

Drugmaker Endo strikes $63 million opioid settlement with Texas

Endo International Plc has agreed to pay $63 million to resolve claims by the state of Texas and local governments that the drugmaker helped fuel the U.S. opioid epidemic, the state's attorney general said on Thursday.

Enel teams up with Intesa Sanpaolo for Italy payments firm Mooney

Italian utility Enel SpA has agreed to buy 50% of Italy's Mooney to take joint control of the payments firm with Intesa Sanpaolo SpA and create a European-based fintech group.

U.S. SEC rejects Valkyrie, Kryptoin bitcoin trusts

The U.S. Securities and Exchange Commission vetoed two proposals to offer bitcoin exchange-traded funds, dealing a blow to market participants who had hoped the agency would green light the effort after approving futures-backed bitcoin funds in October.

UK regulator shows more assertive posture in blocking Facebook purchase of Giphy

Britain's move to block Facebook-owner Meta Platform Inc's acquisition of Giphy signalled a new determination to scrutinise digital deals.

Tesla pulls games on moving car screens after U.S. safety probe

Electric carmaker Tesla Inc will stop allowing video games to be played on vehicle screens while its cars are moving, the U.S. National Highway Traffic Safety Administration said on Thursday.

Jana Partners discloses stake in Mercury Systems, pushes for potential sale

Activist investor Jana Partners on Thursday disclosed an about 6.6% stake in Mercury Systems and said it would push the defense technology firm to consider options for its business, including a potential sale.

Omicron begins to leave mark on U.S. economy, but unlikely to derail it

The fast-spreading Omicron variant of COVID-19 has started leaving an imprint on slices of the U.S. economy as some events are canceled or postponed, consumers cut back on restaurant dining and understaffed businesses shut down in some of the most-afflicted areas such as New York City.

Jared Kushner investment firm Affinity raises $3 billion in committed funding

Jared Kushner's global investment firm, Affinity Partners, has raised more than $3 billion in committed funding from international investors, a person familiar with the fund-raising effort told Reuters on Thursday.

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