September 5, 2023

Markets Now

How big banks won the banking crisisThe collapse of Silicon Valley Bank and the US regional banking crisis that followed earlier this year had major economic and regulatory repercussions for lenders across the globe, some of which may be felt for years to come. But now that the more immediate threat of the crisis has dissipated, some clear winners have emerged.  
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The maker of Wegovy and Ozempic is now Europe's most valuable companyNovo Nordisk has dethroned Bernard Arnault’s luxury goods giant LVMH as Europe’s most valuable company.  
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Arm's IPO could value the chip company at $52 billion. Apple, Google and Nvidia show interestA who’s who of Big Tech companies is set to invest in one of the most highly anticipated initial public offerings in recent memory, a blockbuster event that could value a British chip designer at as much as $52.3 billion.  
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United delays all flights nationwide following ground stop due to 'equipment outage'United Airlines delayed more than 300 flights after the FAA lifted a brief ground stop that continued to disrupt the carrier’s service nationwide.  
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How the ultra-wealthy infiltrated anti-capitalist Burning ManBurning Man, the desert confab that descended into chaos over the weekend, isn’t quite the scrappy, free-spirited revelry that it once was.  
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US Open champion can't watch tennis because of Disney's dispute with his hotel's cable companyTennis champion Daniil Medvedev is competing at the US Open, but there’s a problem: He can’t watch any of the matches on his TV.  
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Source: CNN Business

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