Twitter $44 Billion Deal On Hold

Twitter

Elon Musk tweeted on Friday that his $44-billion cash deal for Twitter Inc was “temporarily on hold” while he waits for the social media company to provide data on the proportion of its fake accounts. Twitter shares initially fell more than 20% in premarket trading, but after Musk, the chief executive of electric car market Tesla Inc, sent a second tweet saying he remained committed to the deal, they regained some ground.

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Twitter $44 Billion Deal On Hold via @marketinvestor

Google Urges Court to Scrap $1.6 Billion

Google

On Monday google urged Europe’s second-highest court to dismiss a 1.49-billion-euro ($1.6 billion) fine imposed by EU antitrust regulators three years ago for hindering rivals in online search advertising. The case is one of three that has resulted in a total of 8.25 billion euros in European Union antitrust fines on the world’s most popular internet search engine.

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Google Urges Court to Scrap $1.6 Billion via @marketinvestor

Amazon Ends Covid-19 PL for U.S. Workers

Amazon

Amazon (AMZN) will end its paid time-off policy for employees with COVID-19 from May 2, the company told U.S.-based staff on Saturday. The change follows the availability of COVID-19 vaccines and revised guidance from the U.S. Centers for Disease Control and Prevention, it said.

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Amazon Ends Covid-19 PL for U.S. Workers via @marketinvestor

Ukraine to End Fuel Shortages Soon

Ukraine

Ukraine will soon stamp out it’s fuel shortages, even though forces of Russia have damaged a number of oil depots, President Volodymyr Zelenskiy said on Friday. This week, Russia struck Ukraine’s main fuel producer, the Kremenchuk oil refinery, as well as several other large depots.

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Ukraine to End Fuel Shortages Soon via @marketinvestor

Joe Biden Seeks $33 Billion for Ukraine

Ukraine

Joe Biden, United States President asked Congress today for $33 billion to support Ukraine – a dramatic escalation of U.S. funding for the war against Russia – as well as new legal tools to siphon assets from Russian oligarchs.

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Joe Biden Seeks $33 Billion for Ukraine via @marketinvestor

WTI Crude Rallies More than $5.0 to Reclaims $100

WTI Crude

WTI crude oil prices have seen a strong rebound thus far this Tuesday, with front-month WTI crude futures retaking the $100 per barrel mark and testing the 50-Day Moving Average in the $100.50s. At current levels, WTI crude trades with gains of more than $5.0 on the day, easily making up for Monday’s slightly more than $2.50 loss, and is now nearly $7.50 higher versus Monday’s lows near $93.00.

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WTI Crude Rallies More than $5.0 to Reclaims $100 via @marketinvestor