The Securities and Exchange Commission named five Chinese companies as facing possible delisting for failing to comply with new audit requirements, though Chinese authorities said that both regulators were working towards a compromise solution. The SEC said that Yum China, biotech firms BeiGene, Zai Lab and HutchMed, as well as technology company ACM Research could be delisted if they failed...
China Tech Companies Named by SEC as Facing Risk of Delisting Over Audit
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Musk Puts $20 Billion Value on Twitter
Elon Musk offered Twitter employees stock grants at a valuation of roughly $20 billion, said a person familiar with an email Musk sent to staff, less than half what he paid to buy the company. It was a concrete acknowledgment of how much Twitter’s value has dropped since the deal—but it is still well above public market valuation levels for Twitter’s rivals.
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