Uncle Nearest’s Mystery Deal Fell Apart. Now 3 New Buyers Are Circling the Whiskey Brand
The insolvent company’s receiver says a sale is close. He plans to use Chapter 11 to transfer its assets without existing liabilities.
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ICICI Bank’s market capitalisation (mcap) is fast catching up with that of India’s most valuable lender, HDFC Bank, which currently stands at Rs 10.93 trillion. At Rs 10.43 trillion currently, ICICI Bank is just Rs 49,167 crore behind HDFC Bank’s market capitalisation. This latest gap between the two lenders is the lowest since January 29,…
Composable clearing: how blockchain reconciles efficiency and safety in intermediated markets
Clearing sits between trading and settlement and must reconcile two goals that existing designs trade off against one another: efficiency, which requires letting participants trade on privately known preferences, and safety, which requires prefunded collateral and final settlement. We show that neither pooled mechanisms, such as automated market makers, nor purely bilateral ones, such as…
The Lakers just landed a $12.5 billion deal with 2 surprising new owners
The Los Angeles Lakers have new owners again. The team announced Wednesday that it has been sold to former Disney CEO Bob Iger and billionaire investor Josh Kushner for a record-breaking $12.5 billion. The sale comes less than a year after American businessman Mark Walter purchased the franchise. Walter’s $10 billion acquisition of the team…
South Korea Refers Polymarket Users To Prosecutors Over Alleged Gambling Bets
South Korea’s police have advanced a months-long inquiry into domestic use of Polymarket from investigation into formal charging. Twenty-six local participants on the crypto prediction platform have been booked on suspicion of illegal gambling, and 18 of those cases have already been sent to prosecutors. The actual numbers come from National Police Agency material supplied…
How to Quit Proving You Belong and Start Leading Like You Do
Opinions expressed by Entrepreneur contributors are their own. Key Takeaways Isolation can push leaders into overpreparing, overworking and second-guessing themselves instead of focusing on strategic leadership. Building relationships and communities beyond the workplace can help leaders replace survival habits with more sustainable ways of leading. For many leaders, isolation has little to do with being…
PepsiCo plans to raise prices on sodas, chips and dip — and that has Wall Street worried
TD Cowen analysts flagged the company’s “shifting narrative on affordability” as a risk.
