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Snowflake’s Cloud is Particularly Dense
  + stars: | 2020-12-03 | by ( Dan Gallagher | ) www.wsj.com sentiment -0.95   time to read: +1 min
For Snowflake the company, that also will prove to be a challenge. Snowflake’s share price more than doubled on its first trading day and the stock gained another 15% ahead of its first quarterly report as a public company on Wednesday afternoon. If the new projection holds, it will be the first quarter Snowflake’s revenue hasn’t doubled on a year over year basis, at least according to the limited financial history presented in its initial-public-offering papers. Snowflake’s share price jumped 15% Thursday. Investors remain enthralled with the long-term potential for the company’ services, which help businesses rapidly analyze information faster than traditional database tools can.
Persons: Wall, Organizations: Revenue, Analysts
S&P 500 ends lower after hitting record high
  + stars: | 2020-12-03 | by ( Noel Randewich | ) www.reuters.com + 0.00   time to read: +2 min
(Reuters) - The S&P 500 ended lower on Thursday after a report that Pfizer Inc had slashed the target for the rollout of its COVID-19 vaccine. FILE PHOTO: The front facade of the New York Stock Exchange (NYSE) is seen in New York, U.S., November 24, 2020. Tesla Inc surged after Goldman Sachs upgraded the stock to “buy” in the run-up to the electric car maker’s addition to the S&P 500. Progress in developing a working COVID-19 vaccine before the end of the year has driven Wall Street’s main indexes to record levels in recent days. Despite the economic destruction caused by the pandemic, the S&P 500 has gained about 14% in 2020.
Persons: Brendan McDermid, Goldman Sachs, Tesla, , , Sal Bruno, Mitch McConnell Organizations: Reuters, Pfizer Inc, New York Stock Exchange, REUTERS, Wall Street Journal, Pfizer, Boeing Co, Ryanair, Tesla, Boeing, ” U.S, Dow Jones, Nasdaq Locations: New York, U.S,
Covid-19 vaccines awaiting regulatory approval will require ultracold temperatures for shipping and storage, and makers of dry ice are bracing for a surge in demand. Frozen carbon dioxide, or dry ice, is one piece of a sprawling supply chain being assembled by businesses from airlines to grocers to deliver the shots. Across the country, dry-ice makers are planning to boost production of the ultracold storage material needed to ship hundreds of millions of Covid-19 vaccines to hospitals, pharmacies and physicians’ offices. Pfizer is expected to have the first Covid-19 vaccine cleared by U.S. regulators, kicking off a mass vaccination drive that will eventually include other shots. Pfizer projects it will distribute 25 million doses in the U.S. this year and another 1.3 billion globally in 2021.
Persons: Brad Dunn, Cee Organizations: Supply Inc, Pfizer Inc, Pfizer Locations: Missouri, U.S
Covid-19 vaccines awaiting regulatory approval will require ultracold temperatures for shipping and storage, and makers of dry ice are bracing for a surge in demand. Frozen carbon dioxide, or dry ice, is one piece of a sprawling supply chain being assembled by businesses from airlines to grocers to deliver the shots. Pfizer’s vaccine must be shipped and stored at minus 70 degrees Celsius to remain stable and effective. The temperature of dry ice is around minus 78 degrees Celsius. Once thawed, Pfizer’s vaccine can be refrigerated for up to five days.
Persons: Brad Dunn, Cee Organizations: Supply Inc, Pfizer Inc, Pfizer, Moderna Inc Locations: Missouri, U.S
European shares make slight moves on Brexit, stimulus uncertainty
  + stars: | 2020-12-03 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, November 25, 2020. REUTERS/Staff(Reuters) - European shares made lacklustre moves at the open on Thursday, awaiting more signals from Brexit negotiators, while tracking progress in stimulus measures and vaccines as economies still reeled from the fallout of the COVID-19 pandemic. The UK and the European Union might have made enough progress to agree to a trade deal in the next few days, the BBC reported, less than five weeks ahead of Britain’s exit from the bloc. The pan-European STOXX 600 index was little changed. Eyes will be on services PMIs from the euro zone economies due in the morning session.
Organizations: REUTERS, Staff, Reuters, European Union, BBC, FTSE, United, Pfizer, Wall, U.S . House Locations: Frankfurt, Germany, Wednesday’s, United Kingdom, Asia, China
While it applies to companies from any country, the legislation’s sponsors intended it to target Chinese firms. Authorities in China have long been reluctant to let overseas regulators inspect local accounting firms, citing national security concerns. Experts also believe, that despite the new law, at least some Chinese firms looking to go public will factor in that a compromise will be worked out and still seek to list in the United States. (China)-based companies will continue give considerable weight to the many commercial advantages of being listed in the United States,” said Jason Elder, a partner at law firm Mayer Brown. There are 217 Chinese companies listed in the United States worth a combined $2.2 trillion, the U.S.-China Economic and Security Review Commission said in early October.
Persons: Mike Segar, Donald Trump, , Sumeet Singh, Joe Biden, Jason Elder, Mayer Brown Organizations: Reuters, Wall, New York Stock Exchange, REUTERS, Foreign Companies, U.S, U.S . House, U.S . Public, Authorities, Aequitas, Huawei Technologies Co, KFC, Taco Bell, Trump, China Securities Regulatory Commission, U.S ., China Economic, Security, Commission, Technology Group Locations: HONG KONG, U.S, Hong Kong, China, United States, Manhattan, New York City , New York
Many Companies Turn 401(k) Retirement Contributions Back On
  + stars: | 2020-12-03 | by ( Anne Tergesen | ) www.wsj.com sentiment -0.99   time to read: 1 min
More companies that cut the contributions they made to employees’ 401(k) retirement plans earlier this year are reversing course as their businesses rebound and a Covid-19 vaccine is on the horizon. The lab testing company suspended the matching contributions it made to its $4.59 billion 401(k) plan in April, as part of a cost-cutting initiative due to reductions in testing volumes. But when patients returned to medical appointments this summer and Quest’s business recovered, it restarted those contributions on Aug. 23, four months sooner than planned. “We reinstated to normalcy,” Chief Financial Officer Mark Guinan said on a recent call with Wall Street analysts. Quest isn’t alone in restoring the status quo for employees.
Persons: , Mark Guinan, Quest isn’t Organizations: Diagnostics, Wall Street
China has started targeting President-elect Joe Biden and his team, a top US intelligence official warned at an Aspen Institute summit Wednesday. China has already started targeting President-elect Joe Biden and his team, a top US intelligence official warned Wednesday. Evanina did not give any specifics, but said his team would work with the Biden camp to help them identify attacks. During the panel, Evanina said that the US intelligence sector had succeeded in minimizing foreign influence in the 2020election, a sharp contrast to 2016. On Wednesday, Jake Sullivan — Biden's pick for national security advisor — sent what appeared to be a message of support to Australia amid its ongoing feud with China.
Persons: Joe Biden, Bill Evanina, Evanina, We've, , Aruna Viswanatha, Biden, John Demers, Read, Trump, Demers, Alexander Yuk Ching Ma, Donald Trump, Trump –, Xi Jinping, Xi, Jake Sullivan — Organizations: Aspen Institute, National Counterintelligence and Security Center, Aspen, US National Counterintelligence and Security Center, Wall Street, DOJ, Aspen Cyber Summit, YouTube, Business, Biden, Justice Department, New, Department of Justice, US, CIA Locations: China, Aspen, New York, Beijing, United States, Australia
Threat to remove Chinese firms from Wall Street is now on Trump's desk
  + stars: | 2020-12-03 | by ( Jill Disis | Cnn Business | ) edition.cnn.com sentiment -0.99   time to read: +1 min
Hong Kong (CNN Business) The US government is just one step away from enacting a law that could kick several Chinese firms off Wall Street, further escalating tensions between Washington and Beijing. The legislation won unanimous backing in the Senate earlier this year, meaning it only needs President Donald Trump's signature to become law. It requires companies that are traded overseas to hold their audit papers in mainland China, where they cannot be examined by foreign agencies. The bipartisan cosponsors of the legislation said earlier this year that their goal was to " kick deceitful Chinese companies off US exchanges ." US scrutiny intensified following a scandal involving Luckin Coffee, the Chinese coffee firm that disclosed massive accounting irregularities this spring.
Persons: Donald Trump's, John Neely Kennedy, Read Organizations: CNN, Communist, Luckin, Nasdaq Locations: Hong Kong, Wall, Washington, Beijing, China
Pessimists keep pushing a "heads I win, tails you lose" narrative about the US economy. But in reality, the US economy has been beating expectations for months and despite the tough COVID winter to come, there are clear reasons to be hopeful going into 2021. Either the economy is weak or people are so ready to spend their money that they're willing to ignore health warnings to go travel. Investment responds to an accelerator effect: as growth picks up, investment tends to rise a bit faster. In short, there are more reasons for optimism over the next 12 to 18 months than there are reasons for pessimism over the next two months.
Persons: you've, Neil Dutta, – we'll Organizations: Federal, Macro, Business, Atlanta, Wall Street, Investment, Federal Reserve
(CNBC)U.S. stock futures were steady Thursday morning, one day after the S&P 500 closed at another record. (CNBC) The reluctance to commit on Wall Street reflected the uncertainty around a new Covid stimulus bill from a bipartisan group of senators. (CNBC)The Johns Hopkins University coronavirus tracker showed yet another increase in reported Covid-19 case and death counts for Wednesday. Berkshire Hathaway (BRK.a) said Thursday that it will hold its annual shareholder meeting, slated for May, virtually again due to spiking coronavirus cases. The Warren Buffett run company said that May's meeting will be similar to its 2020 annual shareholder meeting, which was also held virtually.
Persons: Nancy Pelosi, Chuck Schumer, Mitch McConnell, McConnell, Bush, Robert Redfield, Eric Garcetti, Google didn't, Donald Trump, . Bean, Berkshire Hathaway, Warren Buffett Organizations: Labor Department, CNBC, Dow, Johns Hopkins University, Democratic, U.S . National Labor Relations, Google, Facebook, U.S . House, UPS, Nike, Wall Street, Berkshire Locations: Covid, Los Angeles, America's, Beijing, U.S
As a temporary measure, UPS has told drivers to stop picking up packages from some large retailers during the holiday season. UPS has told drivers to stop picking up packages from some large retailers as the holiday shipping season picks up. "This collaboration includes specific capacity allocations last weekend and throughout the holiday season. In order to help offset this influx of packages, retailers have set earlier deadlines for guaranteed holiday shipping. In the second quarter of 2020, UPS alone was shipping 21 million packages a day.
Persons: . Bean Organizations: UPS, Nike, Wall Street, Read, FedEx, United States Postal Service, Adobe, CNBC
Butler Hospitality is a New York startup that creates "ghost kitchens" to supply neighborhood hotels with room service. However, as hotels look to cut costs, Butler could have an opportunity in helping hotels to offer room service in a more efficient way. Butler Hospitality, founded by Tim Gjonbalic in 2016, aims to help hotels make the room-service financials work better by creating "ghost kitchens" inside underutilized hotel kitchens. But adapting the model to a hotel's food and beverage program is a unique concept. In July, Butler Hospitality raised a $15 million Series A funding round with contributions from &vest, Scopus Ventures, Kraft Group, Mousse Partners, and Loeb.nyc.
Persons: Butler, Tim Gjonbalic, Gjonbalic, It's, Godfrey, Hospitality Butler, Travis Kalanick, Kroger, ClusterTruck Organizations: Hospitality, Marriott, Hilton, Oxford Hotels, Resorts, Butler Hospitality, Marriott Miami, Wall Street, Scopus Ventures, Kraft Group, Mousse Partners, McKinsey, New Locations: New York, Miami, It's, New York City, Hyatt, Chicago, Marriott Miami Beach, Washington
LeBron James agrees contract extension with Los Angeles Lakers
  + stars: | 2020-12-03 | by ( Calum Trenaman | ) edition.cnn.com + 0.00   time to read: +4 min
(CNN) Fresh off winning the 2020 NBA title , LeBron James has signed a contract extension with the Los Angeles Lakers worth a reported $85 million. LeBron James has agreed a two-year extension with the Los Angeles Lakers, with whom he won the 2020 NBA Championship in October. Bronny James is currently a sophomore at Sierra Canyon high school in Los Angeles, and is considered to be one of the best high school basketball prospects in the country. Bronny James is considered to be one of the best sophomore high school prospects in the country. If two Ball brothers were to play on the same roster, and faced the third brother, they could emulate the Holiday brothers.
Persons: Fresh, LeBron James, James, Rich Paul, Shams, Bronny, Adam Silver, Silver, I've, Lonzo, LaMelo, Charlotte Hornet's, LiAngelo Ball, LiAngelo, Louis Vuitton, Dan Guerrero, Donald Trump, Xi Jinping, Lonzo Ball, Westbrook, Russell Westbrook, John Wall, Russell Westbrook's, Wall Organizations: CNN, Los Angeles Lakers, Klutch Sports, Laker, NBA, Sierra, Lakers, Charlotte, New Orleans Pelicans, Detroit Pistons, The Athletic, UCLA, Louis, UCLA Athletic, Houston Rockets, Washington Wizards Locations: Los Angeles, China, Westbrook, Washington, Houston
This year has provided the perfect storm for e-commerce stocks, with much of the world directed to stay at home for long stretches. Global X's Pedro Palandrani told us why he thinks e-commerce stocks will continue to see growth after the vaccine, and highlighted four stocks set to benefit from holiday shopping. This year has provided the perfect storm for e-commerce stocks, with much of the world directed to stay at home for long stretches. "It's not something that should negatively impact e-commerce," Palandrani said in a December 3 interview with Business Insider. 4 stocks set to benefit from holiday shoppingPalandrani also pointed to four e-commerce stocks he believes will receive a boost from holiday shopping in December.
Persons: Pedro Palandrani, Morgan Stanley's Andrew Sheets, Nancy Zevenbergen, Telemedicine, Zevenbergen, COVID, Palandrani, Etsy Organizations: Global, Business, Amazon's Global Locations: China, Alibaba's, Canadian
Investing in real estate can be intimidating, but there are ways to get started, even if you're low on capital. The self-described "clever investor," Sperber started investing in real estate with no money to his name. But soon after, a good friend invited him to attend a real estate seminar in San Francisco, put on by a real estate guru named Jack Miller. WholesalingWholesaling real estate, also known as "no money down real estate" is the process of finding and controlling heavily discounted real estate and then selling it to a cash buyer. Unlike flipping, he said, a real estate wholesaler doesn't do any renovations or additions, and carries no costs.
Persons: Cody Sperber, Sperber, Jack Miller, Jack, Lyle Wall, Wholesaling, , aren't, hasn't Organizations: That's Locations: San Francisco
The inaction from Congress risks plunging the economy back into recession. "It would be a wake-up call to Washington to get moving on a fiscal package," said Harris. Without Washington action, critical unemployment programs and other safety nets will soon expire. About 12 million workers are at risk of losing their benefits , according to The Century Foundation, a progressive think tank. "We're likely to see a holiday season that looks okay from a sales perspective, but not from a salesperson perspective."
Persons: Sam, Ethan Harris, Harris, there's, that's, Danielle DiMartino Booth, Booth, Mitch McConnell, McConnell, Trump, Jefferies Organizations: CNN, Bank of America, CNN Business, Quill Intelligence, Wall Street, Democratic, Century Foundation, Centers, Disease, Federal Locations: York, United States, Washington
NEW YORK (Reuters) - Investors in Asia were expecting small gains on Thursday, after Wall Street booked a choppy day due in part to a disappointing private jobs report indicating slowing economic activity. The bleak jobs report added to signs that the economy was decelerating as a tumultuous year nears a close. Investors’ hopes, however, were bolstered by advancements by COVID-19 vaccine candidates and the U.S. Congress passing a potential coronavirus stimulus package. Treasury yields on the long end of the curve rose, adding to the increases on Tuesday in response to movement on the coronavirus stimulus package. Oil prices rose also after Britain approved a COVID-19 vaccine and investors hoped producing countries would keep limits on their output.
Persons: Issei Kato “, , Michael Frazis, Australia’s, Organizations: YORK, Wall, REUTERS, Frazis Capital Partners, Nikkei, U.S, Congress, Dow Jones, Nasdaq, Britain Locations: Asia, Tokyo, Japan, Sydney
Asian shares mixed, U.S. dollar near 2-1/2 year lows
  + stars: | 2020-12-02 | by ( Swati Pandey | ) www.reuters.com + 0.00   time to read: +3 min
SYDNEY (Reuters) - Asian shares were mixed on Thursday after a choppy day of Wall Street trade, thanks in part to a disappointing U.S. jobs report, while the greenback languished near 2-1/2 year lows on growing optimism of a coronavirus vaccine. REUTERS/Issei KatoBritain became the first Western country to approve a COVID-19 vaccine, with 800,000 doses of the Pfizer and BioNTech vaccine available for those at high risk starting next week. The dollar index slipped to a fresh 2-1/2 year low of 90.948 on Thursday and was last at 90.976. New Zealand shares were weaker too. That left MSCI’s broadest index of Asia-Pacific shares outside of Japan up 0.4% following two straight days of gains.
Persons: Issei Kato Britain, Andrew Cuomo, ” Morgan Stanley, Germany’s Dax, , Michael Frazis, Dow Jones, Brent Organizations: SYDNEY, Wall Street, REUTERS, Pfizer, U.S . Food, Drug Administration, New, U.S ., Dow, Japan’s Nikkei, , Frazis Capital Partners, U.S, Nasdaq Locations: Tokyo, Japan, U.S, New York, New Zealand, United States, Asia, Pacific, Sydney, Saudi Arabia, Russia
European shares lower after vaccine shots dull COVID economic pain
  + stars: | 2020-12-02 | by ( Huw Jones | ) www.reuters.com + 0.00   time to read: +4 min
LONDON (Reuters) - European shares opened lower on Thursday after gains spurred by advances in vaccines to fight COVID-19, but data across Europe underscored the economic damage still being caused by the pandemic. The STOXX index of European companies was flat, dragged down by a 0.2% drop in Frankfurt and Paris blue chips. A Reuters polls forecast the euro zone economy would shrink again this quarter as renewed lockdown measures stifled activity, with the economy taking two years to regain pre-crisis levels. BREXIT END GAMEBritain’s education minister, Gavin Williamson, said good progress was being made in talks with the European Union on a trade deal as the Brexit deadline approaches. “Currency investors are taking on more risk following the latest vaccine breakthroughs, options show,” Morgan Stanley said in a note.
Persons: COVID, Neil Hall, , Michael Hewson, CMC’s Hewson, Gavin Williamson, Simon Coveney, Sterling, Andrew Cuomo, ” Morgan Stanley, Dow Jones, Brent, Gold Organizations: British Union, EU, REUTERS, European Union, Global, CMC Markets, U.S, Congress, IHS, Irish, Wall Street, U.S . Food, Drug Administration, New, , Japan’s Nikkei, Nasdaq Locations: Europe, British, London, Britain, Frankfurt, Paris, United States, Spain, U.S, New York, New Zealand, Asia, Saudi Arabia, Russia
Wall Street heads for subdued start ahead of jobless claims
  + stars: | 2020-12-02 | by ( Huw Jones | ) www.reuters.com + 0.00   time to read: +4 min
LONDON (Reuters) - Wall Street was headed for a subdued start on Thursday as investors waited for fresh clues on the economy from jobless claims, hoping the data will help persuade Congress to finally agree on a COVID-19 stimulus package. The STOXX index of European companies was slightly lower, dragged down by a 0.4% drop in Frankfurt and Paris blue chips. Asian shares were mixed on Thursday after a choppy day of Wall Street trade, thanks in part to a disappointing U.S. jobs report. Overnight, Wall Street eventually ended higher. [O/R]Brent crude was down 9 cents at $48.16 a barrel while U.S. light crude eased 14 cents to $45.14.
Persons: Eduardo Munoz, Stocks, Andrew Cuomo, , Ned Rumpeltin, ” Rumpeltin, Sterling, ” Morgan Stanley, Dow Jones, Brent, Gold Organizations: Nasdaq, REUTERS, U.S . Food, Drug Administration, New York, , TD Securities, U.S, Congress, European Union, EU, IHS, PMI, Wall Street, New, Japan’s Nikkei Locations: New York City , New York, U.S, Britain, Frankfurt, Paris, Europe, October’s, New Zealand, Asia, Saudi Arabia, Russia
Equities hit record highs as dollar falls on vaccine hopes
  + stars: | 2020-12-02 | by ( David Randall | ) www.reuters.com + 0.00   time to read: +3 min
Slideshow ( 3 images )Stocks have raced to global record peaks over the last four weeks, pushing the dollar down to 2 1/2-year lows, following the announcement of three viable vaccines. New York Governor Andrew Cuomo has said the state’s first vaccine delivery, enough for 170,000 residents, is expected on Dec. 15. The Labor Department said Thursday that initial jobless claims decreased to a seasonally adjusted 712,000 for the week ended Nov. 28. “Currency investors are taking on more risk following the latest vaccine breakthroughs,” Morgan Stanley said in a note. U.S. crude recently fell 0.04% to $45.26 per barrel and Brent was at $48.56, up 0.64% on the day.
Persons: Stocks, inoculations, Andrew Cuomo, , Ned Rumpeltin, ” Rumpeltin, ” Morgan Stanley, Brent Organizations: YORK, Treasury, U.S . Food, Drug Administration, , TD Securities, U.S . Centers for Disease Control, Wall, Dow Jones, Nasdaq, Labor Department, Reuters Locations: Britain, U.S, New York, Los Angeles, Asia, Europe, Saudi Arabia, Russia
Asian shares mixed, U.S. dollar near two-and-half-year lows
  + stars: | 2020-12-02 | by ( Swati Pandey | ) www.reuters.com + 0.00   time to read: +3 min
SYDNEY (Reuters) - Asian shares were mixed on Thursday after a choppy day of Wall Street trade, thanks in part to a disappointing U.S. jobs report, while the greenback languished near 2-1/2 year lows on growing optimism of a coronavirus vaccine. REUTERS/Kim Kyung-HoonBritain became the first Western country to approve a COVID-19 vaccine, with 800,000 doses of the Pfizer and BioNTech vaccine available for those at high risk starting next week. The dollar index slipped to a fresh 2-1/2 year low of 90.948 on Thursday and was last at 90.976. New Zealand shares were weaker too. That left MSCI’s broadest index of Asia-Pacific shares outside of Japan up 0.4% following two straight days of gains.
Persons: Kim Kyung, Hoon, Andrew Cuomo, ” Morgan Stanley, Germany’s Dax, , Michael Frazis, Dow Jones, Brent Organizations: SYDNEY, Wall Street, Tokyo Stock Exchange, REUTERS, Pfizer, U.S . Food, Drug Administration, New, U.S ., Dow, Japan’s Nikkei, , Frazis Capital Partners, U.S, Nasdaq Locations: Tokyo, Japan, Hoon Britain, U.S, New York, New Zealand, United States, Asia, Pacific, Sydney, Saudi Arabia, Russia
Asset managers Dyal Capital and Owl Rock in talks for SPAC merger
  + stars: | 2020-12-02 | by ( Reuters Staff | ) www.reuters.com sentiment -0.84   time to read: +1 min
(Reuters) - Dyal Capital Partners and Owl Rock Capital Corp are in talks to merge with a blank-check company, the asset managers said on Wednesday, sending Owl Rock’s shares nearly 10% higher in extended trading. The combined company would be valued at about $13 billion, the Wall Street Journal reported here earlier on Wednesday. Dyal and Owl Rock did not respond to requests for comment on the deal's value. The asset managers said their founders and Neuberger Berman Group, Dyal’s parent company, would own “meaningful positions in the combined business.”The potential deal will be facilitated through Altimar Acquisition Corp, a special-purpose acquisition company (SPAC), Dyal and Owl Rock said, adding that there was still no guarantee that a deal would go through. Merging with SPACs, or blank-check companies, has surged in popularity this year as a way to raise capital faster and with more certainty.
Persons: Neuberger Berman Organizations: Reuters, Dyal Capital Partners, Owl Rock Capital Corp, Owl, Wall Street, Neuberger, Neuberger Berman Group, Altimar
Amazon in talks to buy podcast firm Wondery: WSJ
  + stars: | 2020-12-02 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: 1 min
FILE PHOTO: The Amazon logo is pictured outside the company's JFK8 distribution center in Staten Island, New York, U.S. November 25, 2020. REUTERS/Brendan McDermid/File Photo(Reuters) - Amazon.com Inc is in talks to buy podcast startup Wondery with a valuation of over $300 million, the Wall Street Journal reported on Wednesday citing people familiar with the matter. Deal talks are ongoing and negotiations could still fall apart, the report said here. Last month, Bloomberg News reported here that both Apple Inc and Sony Music Entertainment have held talks about potentially buying Wondery, which is seeking $300 million to $400 million in a possible sale. Amazon and Wondery did not immediately respond to Reuters requests for comment.
Persons: Brendan McDermid, Wondery Organizations: REUTERS, Inc, Wall Street, Bloomberg, Apple Inc, Sony Music Entertainment Locations: Staten Island , New York, U.S
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