Nvidia CEO Jensen Huang told the Financial Times that regulatory scrutiny of his company’s $40 billion takeover of chip designer Arm could push its closure beyond next March, a time frame he has consistently stuck to since the deal was announced last September. This is a change in tune for Huang, who on an earnings call yesterday said only that Nvidia’s “discussions with regulators are...
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The Briefing startups uber/lyft
Oscar Health’s New CEO Has a Tough Job—but Lyft’s New CEO Has It Worse
Mark Bertolini must be feeling pretty good. Since he was named the new CEO of Oscar Health on Tuesday, Oscar’s long-suffering stock has bounced 78%. OK, skeptics will point out that bounce was off a very low base—the stock was at $3.59 on Monday. And even after the rally, Oscar stock is still down 84% from its initial public offering price. But any stock lift is better than the alternative,...
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