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☆ Pang Chin Hin, founder of Malaysian snack Mamee, dies at 92
▼ + stars: | 2022-11-08 | by ( Michelle Toh | ) edition.cnn.com time to read: +3 min

Hong Kong CNN Business —The founder of Mamee Monster, the iconic Southeast Asian noodle snack brand, has died, the company confirmed Tuesday. Mamee-Double Decker Group, a Malaysian food manufacturer, told CNN Business that Pang Chin Hin died on Saturday at the age of 92. “Without [him] many of our childhoods would be very different,” CEO Pierre Pang Hee Ta, Pang’s grandson, told CNN Business in a statement. Mamee is best known for its colorful packets of crunchy, dry instant noodles, which are typically sold with savory powdered flavoring. The company started off making traditional instant noodles, with packs of vermicelli sold under a brand called Lucky.

Nov 8 (Reuters) - North Sea oil and gas producer Ithaca Energy's (IPO-IHEG.L) planned initial public offering (IPO) in London is set to be priced at the bottom of the range at 250 pence per share, a bookrunner on the deal said on Tuesday. The planned IPO of Ithaca - owned by Tel Aviv-listed Delek Group (DLEKG.TA) - on the London Stock Exchange on Wednesday has been closely watched in an IPO market starved of activity since Russia's invasion of Ukraine. Delek bought Ithaca in April from private equity-backed Siccar Point Energy, already flagging its intention to float. The last oil and gas producer to float on the main London stock exchange was eastern Mediterranean-focused Energean ENOG.L in 2018. Reuters Graphics($1 = 0.8716 pounds)Reporting by Sinchita Mitra in Bengaluru; Editing by Rashmi Aich and Barbara LewisOur Standards: The Thomson Reuters Trust Principles.

☆ This 22-year-old survives Lebanon with a bitcoin mining business that's been earning $20,000 a month
▼ + stars: | 2022-11-08 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +18 min

Against this backdrop, Abu Daher jumped into the crypto mining business a little over two years ago. Zoom In Icon Arrows pointing outwards Ahmad Abu Daher repairing mining equipment in the basement of a home in Zaarouriyeh. Ahmad Abu DaherIt has been 26 months since Abu Daher first set up shop, and he says that business is thriving. watch nowBuilding a bitcoin mining businessAbu Daher had a few black swan events on his side soon after he broke into crypto mining. In January, police raided a small crypto mining farm in the hydro-powered town of Jezzine, seizing and dismantling mining rigs in the process.

☆ Ithaca Energy IPO set to price at lower end of range - bookrunner
▼ + stars: | 2022-11-07 | by ( ) www.reuters.com time to read: 1 min

LONDON, Nov 7 (Reuters) - A planned initial public offering of North Sea oil and gas producer Ithaca Energy (IPO-IHEG.L) is set to price at the lower end of the previously guided range, bookrunners on the deal said on Monday. The revised price guidance is for between 250 and 270 pence per share, compared with the previous price range of 250 to 310 pence, which had implied a market value of 2.5 billion to 3.1 billion pounds. Books were oversubscribed at the revised price range, the bookrunners said, adding they would close on Nov 8. The planned float of Ithaca - owned by Tel Aviv-listed Delek Group (DLEKG.TA) - on the London Stock Exchange has been closely watched in an IPO market starved of activity since Russia's invasion of Ukraine. Reporting by Iain Withers, Editing by Alex RichardsonOur Standards: The Thomson Reuters Trust Principles.

☆ In California's conservative Little Saigon, a progressive unravelling among Vietnamese Americans switches up Orange County politics and raises the stakes for Republicans
▼ + stars: | 2022-11-07 | by ( Hanna Kang | ) www.businessinsider.com time to read: +15 min

The race in California's 45th House district has put a spotlight on its conservative Vietnamese American voter bloc in Little Saigon. Vietnamese American voters have long leaned conservative while the Asian American vote nationwide for decades trended Democratic. Westminster is the first city in the nation to have a Vietnamese American majority on the council, she added. "But what we've seen pretty clearly is that the Vietnamese community is home to diverse political perspectives." From a larger perspective, Joe said, Steel's strategy is short-sighted because it only reaches the immigrant Vietnamese conservative subgroup.

☆ 'Black Panther' director Ryan Coogler emotionally recalls his last conversation with Chadwick Boseman
▼ + stars: | 2022-11-04 | by ( Randi Richardson | ) www.nbcnews.com time to read: +3 min

“Black Panther” director Ryan Coogler recently described his last conversation with Chadwick Boseman “a couple weeks” before the actor’s death in 2020. “I could tell he was tired.”Director Ryan Coogler and Chadwick Boseman on the set of "Black Panther" in 2018. Coogler and Boseman on the set of "Black Panther" in 2018. ©Walt Disney Co. / Courtesy Everett CollectionTwo days after Boseman died, Coogler wrote a heartfelt note about Boseman and sent it to media outlets. Angela Bassett played Boseman’s mother, Ramonda (affectionally called Queen Mother), in “Black Panther” and is reprising her role in the sequel.

☆ Chadwick Boseman didn’t read the ‘Wakanda Forever’ script before he died
▼ + stars: | 2022-11-04 | by ( Marianne Garvey | ) edition.cnn.com time to read: +1 min

CNN —Chadwick Boseman did not read the script for “Black Panther: Wakanda Forever” before his death in 2020, according to the film’s director. Ryan Coogler told “Wakanda Forever: The Official Black Panther Podcast” that he offered Boseman a chance to read the script, but, at the time, the actor declined. And she didn’t wanna leave him. But they were joking and laughing.”On the script, Coogler said Boseman “didn’t wanna read it because he didn’t wanna get in the way of whatever notes the studio might have. So he was like, ‘It’s better if I can read it later.’ But I found later that he was too tired to read anything.”

☆ Teva to pay $523 mln to New York as it looks to move past opioid lawsuits
▼ + stars: | 2022-11-03 | by ( Steven Scheer | ) www.reuters.com time to read: +4 min

JERUSALEM, Nov 3 (Reuters) - Teva Pharmaceutical Industries Ltd (TEVA.TA) will pay up to $523 million to New York State as part of a nationwide settlement of lawsuits alleging the company helped fuel the U.S. opioid epidemic. The settlement with New York adds an additional $300 million to Teva's total opioid payouts. James said the Teva settlement concludes the state's litigation against opioid manufacturers and distributors. Citing "continued foreign exchange headwinds", Teva lowered its 2022 revenue estimate to between $14.8 billion and $15.4 billion from a previously forecast $15 billion to $15.6 billion. Teva expects its two branded drugs, Ajovy to treat migraines and Huntington's disease drug Austedo, to reach a combined $1.4 billion in revenue this year.

Companies Teva Pharmaceutical Industries Ltd FollowNov 3 (Reuters) - Teva Pharmaceuticals (TEVA.TA) will pay up to $4.2 billion in the United States to settle claims related to its role in fueling the country's opioid crisis, New York Attorney General Letitia James said on Thursday. The company will pay $523 million to New York state to settle claims in the state, James said. Reporting by Leroy Leo in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

☆ Ithaca Energy breathes life into UK stock market as bookrunners eye $3.6 bln listing
▼ + stars: | 2022-11-02 | by ( ) www.reuters.com time to read: +1 min

LONDON, Nov 2 (Reuters) - Ithaca Energy's (IPO-IHEG.L) London listing will be priced at 250 to 310 pence, giving the North Sea oil and gas producer an implied market value of 2.5 billion to 3.1 billion pounds ($2.87 billion to $3.56 billion), bookrunners said on Wednesday. Ithaca, owned by Tel Aviv-listed Delek Group (DLEKG.TA), expects to be eligible for inclusion in the FTSE UK indices. The bookrunners said the listing is expected to have a free float of at least 10%, with the first day of trading on November 9. Goldman Sachs (GS.N) and Morgan Stanley are joint global co-ordinators on the deal while HSBC (HSBA.L), Jefferies (JEF.N) and Bank of America (BAC.N) are joint bookrunners, with ING (INGA.AS) acting as co-lead manager. ($1 = 0.8702 pounds)Reporting by Huw Jones and Sinead Cruise; editing by Jason Neely and Louise HeavensOur Standards: The Thomson Reuters Trust Principles.

☆ Israel election polls predict Netanyahu just shy of victory
▼ + stars: | 2022-10-28 | by ( ) www.reuters.com time to read: +2 min

"Netanyahu arrives at election day in good shape, but the battle has not been decided," wrote Haaretz newspaper's political analyst Yossi Verter. A deadlocked election could mean Israel would go to the polls again within months, with Prime Minister Yair Lapid remaining in office as caretaker. read moreThe campaign has largely centred around Netanyahu with security and diplomacy issues, including conflicts with the Palestinians and Iran, taking a back seat. The polls predicted the anti-Netanyahu bloc winning 56 seats and the Arab-led Hadash-Ta'al list, which has said it will not join a coalition, getting four seats. Reporting by Henriette Chacar; Writing by Maayan Lubell; Editing by Peter GraffOur Standards: The Thomson Reuters Trust Principles.

Some, like fossil fuel-burning Saskatchewan and Alberta, say the federal government's plan for a 2035 net-zero grid is unrealistic. The challenges Canada faces underline how difficult meeting net-zero electrification goals will be globally. Reuters GraphicsUnlike Canada, the United States has a federal electricity regulator and mostly delivers power through regionally integrated systems, which may make it more nimble to transform the grid. Provinces regulate Canada's electricity utilities, but the federal government has some jurisdiction over the environment. The Alberta Electric System Operator in June estimated it would cost an additional C$44 billion to C$52 billion ($38.18 billion) to meet Ottawa's 2035 net-zero mandate.

☆ Top Israeli bank chairman to speak at Saudi investment event
▼ + stars: | 2022-10-25 | by ( Yousef Saba | ) www.reuters.com time to read: +1 min

DUBAI, Oct 25 (Reuters) - The chairman of Israel's Bank Leumi (LUMI.TA) is due to speak at Saudi Arabia's flagship investment conference in Riyadh on Thursday, in the latest sign of a potential thawing in relations between the two countries. In 2020, Riyadh's Gulf allies the United Arab Emirates and Bahrain signed historic U.S.-brokered deals to normalise relations with Israel. Organisers of the FII conference confirmed Bank Leumi chairman Samer Haj Yehia's planned attendance in response to a Reuters query. Bank Leumi, one of Israel's two largest banks, declined to comment. Haj Yehia is the first Arab Israeli to serve as the bank's chairman.

☆ DC's movie and TV division has finally found its own version of Marvel's Kevin Feige
▼ + stars: | 2022-10-25 | by ( Travis Clark | ) www.businessinsider.com time to read: +3 min

The pair inherit a baggage-heavy DC film universe. Discovery has finally found an executive to lead its DC movie and TV franchise — well, executives, plural, that is. Warner Bros. Since Discovery and WarnerMedia merged earlier this year, Zaslav has been looking for someone to lead DC's movie and TV efforts. Gunn jumped to Warner Bros. and DC after getting temporarily fired from the third "Guardians of the Galaxy" movie in 2018.

☆ Tel Aviv Stock Exchange to restructure and create crypto platform
▼ + stars: | 2022-10-24 | by ( ) www.reuters.com time to read: +2 min

JERUSALEM, Oct 24 (Reuters) - The Tel Aviv Stock Exchange (TASE) (TASE.TA) said on Monday it would reshape its ownership structure and also create a blockchain platform to allow more trading of crypto currencies in an effort to match international standards. TASE, which went public in 2019, said it would create a new publicly traded holding company that will own 100% of the bourse, which will become a private firm. The exchange said it would create a platform for digital assets using blockchain, or distributed ledger technology. This would allow the trading of digital assets while exporting proprietary technological services to smaller foreign exchanges. Over the first half of 2022, the bourse earned operating profit of 47 million shekels ($13 million) versus 55 million in all of 2021.

☆ DC wants to better compete with Marvel movies, but its plan is already facing severe roadblocks
▼ + stars: | 2022-10-20 | by ( Travis Clark | ) www.businessinsider.com time to read: +5 min

Warner Bros. Discovery wants to rebuild the DC universe in the mold of Marvel movies. Warner Bros. confirmed a sequel to "Joker," which exists outside the universes of any of those other projects. The search for such an executive put DC movies president Walter Hamada on the outskirts, and Deadline reported on Wednesday that he had exited. Warner Bros.

☆ Israel eyes government bond issuance via blockchain technology
▼ + stars: | 2022-10-19 | by ( ) www.reuters.com time to read: +1 min

JERUSALEM, Oct 19 (Reuters) - Israel's government is preparing to issue government bonds using a blockchain technology platform, the Tel Aviv Stock Exchange (TASE) said on Wednesday. Implementation of advanced technologies such as blockchain, the TASE said, would reduce costs, shorten the duration issuance and clearing of government bonds, improve transparency and mitigate risks. The issuance is still in the planning stage and the Finance Ministry and TASE (TASE.TA) are examining an application for the sale of digital government bonds on a blockchain platform. Israel's Accountant General and the TASE said they were motivated by developments in financial markets in recent years, including using the Blockchain Distributed Ledger Technology (DLT) as well possible issuance of central bank digital currencies. Register now for FREE unlimited access to Reuters.com RegisterReporting by Steven Scheer; Editing by Alex RichardsonOur Standards: The Thomson Reuters Trust Principles.

☆ EXCLUSIVE Hedge fund Irenic asks Capricorn Energy to ditch NewMed deal
▼ + stars: | 2022-10-19 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +3 min

The company's stock price closed up 0.25% at 244.60 penceThe NewMed transaction would result in Capricorn being paid a $620 million special dividend. It would also leave them with a 10.3% stake in the combined company, with NewMed shareholders owning 89.7%. A liquidation could value Capricorn's assets at 350 pence per share, versus the 254 pence-per-share valuation in the NewMed deal, according to Irenic. "The company has yet to present shareholders with any proposal that represents superior value relative to the straightforward liquidation value we have assessed," Irenic wrote in the letter. Prior to agreeing on a sale to NewMed, Capricorn scrapped plans to merge with Tullow Oil Plc (TLW.L) in a deal that would have valued Capricorn shares at 210 pence and would have given Capricorn investors 47% of the new entity.

Yet, in “Till,” filmmaker Chinonye Chukwu offers viewers a different window into Emmett’s life through the perspective of his poised and graceful mother, Mamie Till-Mobley (Danielle Deadwyler). But for Black mothers like Mamie, this is a different sort of anxiety. Through Deadwyler’s powerful performance, viewers will feel the palpable fear of Black mothers knowing they can never fully protect their Black children in white America. It is a manic fury that destroys Black lives and inflicts irreparable harm on our community, especially on the psyches of Black mothers. But for Black mothers like Mamie, this is a different sort of anxiety.

☆ U.S. FDA warns of ADHD drug Adderall shortage on Teva manufacturing delays
▼ + stars: | 2022-10-12 | by ( ) www.reuters.com time to read: +1 min

Oct 12 (Reuters) - The U.S. Food and Drug Administration said on Wednesday there was a shortage of Adderall, a treatment for attention deficit hyperactivity disorder, following intermittent manufacturing delays at Teva Pharmaceutical Industries Ltd (TEVA.TA). Adderall is an FDA-approved prescription drug made of two stimulants amphetamine and dextroamphetamine. According to the FDA's website, supply recovery for different doses and forms of the drug ranges from October 2022 to March 2023. The company will continue to have challenges supplying Adderall for the next two to three months, Bloomberg News reported last week. Register now for FREE unlimited access to Reuters.com RegisterReporting by Bhanvi Satija in Bengaluru; Editing by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

☆ European Commission suspects pharma group Teva broke antitrust rules
▼ + stars: | 2022-10-10 | by ( ) www.reuters.com time to read: +1 min

PARIS, Oct 10 (Reuters) - The European Commission has informed Teva Pharmaceutical (TEVA.TA) of its preliminary view that the company breached European Union (EU) antitrust rules with practices aimed at delaying competition to multiple sclerosis product Copaxone. "There is not yet a treatment for the chronic illness of multiple sclerosis, so innovative medicines can make a major difference to patients' quality of life," the Commission's competition policy head Margrethe Vestager said on Monday. Our concern is that Teva may have misused the patent system to shield itself from competition." If the European Commission's preliminary views are confirmed, Teva's behaviour would infringe Article 102 of the Treaty on the Functioning of the European Union, which prohibits the abuse of a dominant position. Register now for FREE unlimited access to Reuters.com RegisterReporting by Sudip Kar-Gupta Editing by David GoodmanOur Standards: The Thomson Reuters Trust Principles.

☆ Insight Partners to acquire stake in software firm Aptean
▼ + stars: | 2022-10-10 | by ( ) www.reuters.com time to read: +1 min

Oct 10 (Reuters) - New York-based private equity and venture capital firm Insight Partners will acquire a minority stake in Aptean, the business software firm said on Monday. Existing investor TA Associates has also invested, Aptean said, making the investment firm its largest shareholder. Register now for FREE unlimited access to Reuters.com RegisterVista Equity Partners, previously equal partners in Aptean with TA Associates, will fully exit its stake in the company. Charlesbank Capital Partners, a private investment firm that joined TA Associates and Vista Equity as stakeholder in 2020, will continue to be a shareholder, Aptean said. The investment firm then merged CDC Software with Consona Corp to form Aptean.

LONDON, Sept 29 (Reuters) - Capricorn Energy (CNE.L) plans to merge with Israel's NewMed (NWMDp.TA) in an all-share deal after paying a $620 million special dividend to its shareholders, ditching a previous scheme to merge with Tullow Oil (TLW.L). The deal would value Capricorn shares at 271 pence, a 13 % premium to its last closing price. The deal with West Africa-focused Tullow, which declined to comment on Thursday's news, had valued Capricorn at around 210 pence per share. The merger would see Capricorn issue new shares to NewMed investors based on an exchange ratio of around 2.34 per NewMed share, which will see Capricorn shareholders hold just over 10% of the new company. Capricorn's Chief Financial Officer James Smith will stay on with NewMed Energy, which is set to pay out at least 30% of its cah flow in dividends.

☆ This nonprofit is helping Ukrainian women in tech rebuild their lives and careers amid the Russia-Ukraine war: 'It's like group therapy'
▼ + stars: | 2022-09-27 | by ( Aaron Mok | ) www.businessinsider.com time to read: +6 min

It now helps female tech workers flee the country, but not without financial and political setbacks. When Russia invaded Ukraine in late February, Aleksandra Boguslavskaya, a 34-year-old Ukrainian tech entrepreneur, fled to Germany to find safety. Boguslavskaya is one of thousands of female Ukrainian tech workers who are part of Wtech, a global community of software engineers, investors, and entrepreneurs. Now, it collaborates with charities like 1K project, a human rights advocacy group, to support tech workers in distress. Instead, she's focusing on how the aid Wtech is providing right now could eventually bring Ukrainian tech workers back home.

The Intel Corporation logo is seen at a temporary office during the World Economic Forum 2022 (WEF) in the Alpine resort of Davos, Switzerland May 25, 2022. A spokesperson for Intel did not comment as negotiations are ongoing and confidential. Among other reasons, the site is well connected with Germany and in particular with the city of Magdeburg, where Intel will build two factories, one of the sources added. Intel and the government had also initially considered sites in the Lombardy, Apulia and Sicily regions. The sources declined to provide further details, but Reuters has previously reported that Rome is ready to fund as much as 40% of Intel's total investment in Italy.

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