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Quicktake Geo walks through the most interesting story of the news cycle with a look towards the day in Asia
Japan’s Top Baby-Formula Maker Joins Race to Feed American Kids
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Didi’s $60 Billion Crash Changed China Tech Forever
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Zoom Bets on Corporate Customers to Stem Post-Pandemic Crash
China’s Xi Set to Swear-In New Hong Kong Leader After Crackdown
China Hits Back at New Zealand’s Ardern After NATO Comments
Apple Ex-Corporate Law Chief Admits Years of Insider Trading
Fired D.E. Shaw Fund Manager Michalow Wins $52 Million From Firm
Kevin Durant Asks for a Trade From the Brooklyn Nets
USC and UCLA in Process of Joining Big Ten
India Can’t Be a Superpower If It Can’t Create Jobs
There Is No ‘Back to Normal’ After Covid
The Supreme Court Just Made Climate Change More Expensive
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Did Razzlekhan and Dutch Pull Off History’s Biggest Crypto Heist?
How Generations of Black Americans Lost Their Land to Tax Liens
New Abortion Benefits Remain Out of Reach for Most US Workers, Surveys Show
Texas Asks Top State Court to Allow Abortion Prosecutions Sooner
Uber Records 38% Drop in Reported Sexual Assaults in 2019-2020
‘Major Step Backward’: Twitter Reacts to Supreme Court Decision Limiting EPA Powers
Supreme Court Decision May Slow Transition to Cleaner Energy
After Supreme Court Ruling, Cities ‘Left Holding the Bag’ on Climate Change
Berlin Floats Closing Its Parks After Dark
Cities Stung by Great Resignation Hike Wages, Just as Recession Looms
Blockchain.com Cooperating With Investigations Into Three Arrows
FTX Nears Deal to Buy Lender BlockFi in Likely Fire Sale
Celsius Says Its Exploring Strategic Transactions, Restructuring
Crystal Tse
Hertz Global Holdings Inc., the car-rental giant that became a darling of meme-stock traders after it filed for bankruptcy last year, opened down 9.5% in its first day of trading after raising $1.3 billion in an initial public offering.
The Estero, Florida-based car-rental company opened at $26.25 after pricing 44.5 million shares at $29 apiece Monday. The stock was trading at $27.71 at 12:20 p.m. in New York. Its backers increased the offering size after initially planning to sell 37.1 million shares at $25 to $29, according to filings with the U.S. Securities and Exchange Commission.