SoftBank Group, Arm's owner, plans to sell roughly 10% of the total shares outstanding, setting a share sale price of between $47 and $51 apiece. The Securities and Exchange Commission filing comes as Arm's management hits the road starting Tuesday to meet with prospective investors to solicit support for the offering.
President Biden to Nominate Jacob J. Lew as Ambassador to Israel
TEL AVIV-The White House said Tuesday that President Biden intends to nominate Jacob J. Lew, who was a chief of staff and a Treasury secretary in the Obama administration, as the next ambassador to Israel.
If appointed, Lew will take office during a politically turbulent period inside Israel and amid strained relations between Prime Minister Benjamin Netanyahu's government and Washington.
Elon Musk Borrowed $1 Billion From SpaceX in Same Month of Twitter Acquisition
Elon Musk tapped SpaceX, the rocket maker he oversees as chief executive, for a $1 billion loan around the time he was acquiring the social-media company formerly known as Twitter.
The unusual loan is the latest example of how the world's richest man has drummed up cash from his empire of companies without having to permanently part with shares, enabling him to raise funds for his wide array of endeavors.
FTC Antitrust Suit Against Amazon Set for Later This Month After Meeting Fails to Resolve Impasse
https://urldefense.com/v3/__http://Amazon.com__;!!F0Stn7g!HHKBHP5LUv9m9BVx2dzUc7LjD7xJDH_69AcSI0Guj6d7tsu2a8qA83mNKJU-kawEABHkEjDGvnZLsjCWKBEWVz6Hq1OA9mr-IfqGkuuVUJM$ officials haven't offered concessions to the Federal Trade Commission in pursuit of a settlement over antitrust claims, paving the way for the regulator to file a lawsuit later this month, according to people familiar with the matter.
Top members of Amazon's legal team had a video call with FTC officials on Aug. 15. The so-called last-rites meeting, which is often a final step before a court battle, was a chance for the technology giant to make its case to the regulator to head off a possible lawsuit that officials have been working on for many months.
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Expected Major Events for Wednesday
06:00/ROM: Jul Retail trade
06:00/GER: Jul Manufacturing orders
06:00/GER: Jul Manufacturing turnover
06:00/FIN: Jul Foreign trade
06:00/NOR: 2Q Balance of Payments
06:30/HUN: Jul Retail Sales
07:00/SVK: Jul Internal trade, incl Wholesale & Retail
07:00/CZE: Jul Industry, Construction
07:00/CZE: Jul External trade
08:30/UK: Aug S&P Global / CIPS UK Construction PMI
08:30/UK: Aug Narrow money (Notes & Coin) and reserve balances
09:00/EU: Jul Retail trade
09:00/GRE: 2Q Provisional GDP
09:00/LUX: Aug CPI
10:00/IRL: Aug Monthly Unemployment
16:59/POL: Polish interest rate decision
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(END) Dow Jones Newswires
09-06-23 0016ET
