For detailed information on any agreement, arrangement, or understanding between the disclosing person and any other person in relation to the voting rights of relevant securities under Any option referred to on this form or relating to the voting right or the future acquisition or disposal of relevant securities to which a derivative identified on this form relates. If none, this should be indicated

As part of the deal, IFF stated that Sachem Head had at least temporarily agreed not to play an activist role in influencing shareholders Ferguson, managing partner at Sachem Head, has the option to join the IFF board between September 10 and Dec. 31 said the company

Nobel Peace Prize Laureate Malala Yousafzai is expanding its partnership with Apple Inc to produce dramas, children’s series, animations and documentaries to be broadcast on the tech giant’s streaming service, the pair said on Monday, 23-year-old Malala and her new production company Extracurricular Join Apple TV’s growing roster of content creators, including Oprah Winfrey, Steven Spielberg, Will Smith, Octavia Spencer and Jennifer AnistonApplecom / newsroom / 2021/03 / apple-tv-plus announces-programming-partnership-with-nobel-laureate -malala-yousafzai an / #: ~: text = 8 March 2021-, Apple TV announces programming partnership with Nobel Prize winner Malala Yousafzai, children’s series on Apple TV &text = At ​​the age of 16, Malala published “I am Malala” on its website for International Women’s Day

Stocks were mixed on Monday and government bond yields continued to rise after Congress made progress on passing another major COVID-19 bailout

Aspiring Chinese electric car maker Xpeng has made its latest earnings, one of its top executives told Yahoo Finance

Iran has been tacitly shifting record amounts of crude oil to top customer China in the past few months, while India’s state-run refiners have included Iranian oil in their annual import plans, assuming US. According to six industry sources and refinitive data, sanctions against the OPEC supplier will soon ease U.S. President Joe Biden has attempted to resume talks with Iran over a nuclear deal that former President Donald Trump abandoned in 2018, despite tough economic measures remaining that insist that Tehran be lifted before negotiations resume National Iranian Oil Company (NIOC) has started reaching customers across Asia since Biden took office to assess potential demand for crude oil, said the sources, who refused to be named because of the sensitivity of the matter / p>

(Bloomberg) – South Korean e-commerce giant Coupang IncThe IPO is well on its way to being the largest listing by a Korean company in a decade, and like most major technology offerings these days, it is happening in New York City, there are three big reasons that explain why the US. is a better choice for the e-tailer, backed by SoftBank Group Corp.Masayoshi son Perhaps most significant is that New York offers a sizeable valuation premium. It also has a deeper, more liquid market, and allows for unequal voting rights, one of which is Coupang’s founder, who Harvard Business School dropout, Bom Kim, would benefit from the US was the destination of choice for mega-tech IPOs with the biggest debuts in 2020, Airbnb Inc and DoorDash Inc both listed in New York Chinese e-commerce giants like Alibaba Group Holding Ltd and JDcom Inc went public there too Coupang wants to collect up to US $ 36 billion in the IPO and could be worth more than US $ 50 billion, making it the largest float by a Korean company since the insurance group’s IPO by the Samsung Group 2010 Had the loss-making e-commerce company listed in Korea – unprofitable companies could go public this month – Coupang would have had a maximum valuation of just $ 10 billion, according to Suh YongGu, a marketing professor at Sookmyung University “The history of capitalism in South Korea is short, so Koreans don’t attribute high ratings to loss-making companies,” Suh ​​said. The South Korean stock market is less than 70 years old and dominated by chaebols or family-run industrial groups. In fact, SK Bioscience Co, a unit of SK Group, one of the county’s largest chaebols, will have a presence on the stock exchange no later than this month.The manufacturer of AstraZeneca Plc’s Covid-19 vaccine for Korea plans to raise $ 1, according to the Korean-language Seoul Economic Daily Monday it was 3 billion before the listing on Jan. However, Korean investors’ appetite for their entrepreneur-led startups will grow in the coming months with Krafton Inc.’s IPOs, creator of the hit game PUBG, and the country’s largest mobile-only bank, Kakao Bank.Unlike Coupang, these firms are profitable, Coupang has lost money in the past three years, posting a cumulative deficit of $ 412 billion as of December after its filing However, thanks to the surge in online shopping during the pandemic, it managed to almost double its sales last year to $ 12 billion, a valuation of $ 51 billion would make Coupang one of the top five most valuable companies in Korea, of which Samsung Electronics Co is the largest of Korea’s other big e-commerce startups – $ 58 billion internet conglomerate Naver Corp.and the $ 39 billion messaging app Kakao Corp. – are both listed in Seoul but were both profitable when they went public The two are entrepreneur-backed and not affiliated with chaebols like Samsung Group In fact, Coupang’s listing is on the US. will allow it to surpass the combined market value of the six Chaebol-owned retailers looking to expand their presence in e-commerce – E-Mart Inc, Lotte Shopping Co, GS Retail Co, Shinsegae Inc, BGF Retail Coand Hyundai Department Store CoLiquidity is another attraction of the US. Market so that companies can frequently raise funds by selling secondary stocks. Korea’s stock market, valued at $ 212 trillion, is a fraction of the U’s $ 442 trillionS.According to Bloomberg data, “It is easier for investors to leave their shares in the U” Ssaid Seo Sang-Young, an analyst at Kiwoom Securities in Seoul, “And the trading volume is much bigger. And finally, a US. Listing Gives Founders More Power Korea doesn’t allow unequal voting rights held by tech companies like Alphabet Inc and Facebook Incwho see it as a way for founders to focus on the long term But the US. does this even if the ownership structure itself is not undisputed as it lacks the protection of shareholders. Kim, Coupang’s 42-year-old founder, will end up with 767% of the company’s voting rights with only 102% of its outstanding shares. that Coupang will be listed in Korea, “said Kim Sung-gon, a spokesman for the Korea Stock Exchange” But we respect the company’s choice “Korea IPO Boom Year starts with Coupang FloatStill and missed the chance to join one of the hottest companies in the country Participate in the largest Asian IPO since Alibaba Group Holding Ltd The $ 25 billion listing in New York in 2014 ranks the retail investors who have dominated the Korean stock market since the pandemic spread. “Retail investors certainly regret they haven’t participate in the IPO, “said Kim DongJoo, CEO of Iruda Discretionary Investment, a Seoul-based investmen Biggest IPOs of Korean Companies: Coupang prides itself on same-day or at least before daylight deliveriesProvided a total of $ 90 million in inventory to 000 full-time delivery drivers prior to the IPO This is a unique event that occurs at a time when the death of a number of couriers due to congestion due to the surge in online orders leads to a surge in national turmoil “We believe we are the first company in Korea to do the Makes our frontline workers shareholders, “Kim said in a letter to shareholders at Coupang’s listing. According to the Korean trade union federation, a major labor organization, five warehouse workers died in Coupang last year on Saturday, a Coupang delivery man was killed in an incident found dead who developed symptoms his colleagues attributed to overwork, according to Yonhap News, Coupang said in a statement Monday that the deceased worker “worked an average of four days a week and worked about 40 hours in the past 12 weeks, but it added, that it would make efforts to health and Thoroughly protect workers’ safety ”(updates with Coupang’s recent employee death statement in the last two paragraphs) For more articles like this, please visit us on BloombergcomSubscribe now to stay ahead of the game with the most trusted business news source © 2021 Bloomberg LP.

The shares of the Hong Kong-listed Chinese photo editing app Meitu Inc rose up to 144% on Monday morning after the company cryptocurrencies worth 40 million The beauty-focused tech company announced in an exchange on Sunday evening that it had bought $ 22 million worth of ether, the world’s second largest cryptocurrency by market capitalization, and $ 17 million in bitcoin, valued at $ 9 million on Nov. March Meitu becomes the youngest company to hold cryptocurrencies as part of its treasury operations

(Bloomberg) – Bearness towards US. Treasury bonds hit a record high last week that gave traders confidence to hit a new goal: telling yen strategists from London to Tokyo that the port currency’s decline may have only just begun Rising government bond yields and improved global growth give traders encouragement to push the yen down to 110 per dollar Hedge funds have taken declining bets on the currency to its highest level in a year, “There’s more wiggle room for U.”S. Yields should rise so that the dollar-yen could reach 110 by the end of March, ”said Masafumi Yamamoto, chief currency strategist at Mizuho Securities Co in Tokyo “Asset managers lag behind hedge funds in their yen positions and there is a chance their long yen positions could be liquidated The yen weakened against the dollar for a fourth day on Monday, falling to a nine Monthly low back that was set on Friday, the currency has fallen this year against all colleagues in the Group of 10 with the exception of their port twin, the Swiss franc.The yen was last traded weaker than 110 in March 2020 when it was due to pandemics According to the Commodity Futures Trading Commission, the leveraged funds increased their net short positions in Japan’s currency for the week ending Jan. March on 12129 compared to 789 in the previous week.In contrast, the asset managers held in the week up to 3 March an bullish net position versus the yen at 60162 contracts, although this is a decrease from 103196 In early January, “There is now a historic decline in the long yen position in real money,” said Jordan Rochester, currency strategist at Nomura International Plc, who compared the extent of the adjustment to a 2013 router based on the prime minister’s promise Shinzo Abe followed, “Unlimited Monetary Ease” “Long Long USD / JPY and USD / CHF is where most of the people here will look for medium term moves as trade flows and U.”S. The yields are both working against them, ”Rochester said the yen’s losses could accelerate this week, according to US 10-year yields rose to 162% Friday, the highest level since February 2020 They rose by two basis points to 159% on Monday “The yen, together with the Swiss franc, carries the brunt of the dollar’s yield,” wrote Kit Juckes, chief Currency strategist at Societe Generale in London, on a note If 10 years US. Returns rose to 2% “Without triggering wider risk aversion, I would expect the dollar yen to climb to 110,” he said. Not everyone agrees that the yen will certainly continue to weaken The rate of the yen’s decline is “too much, too fast, and is getting worse.” inevitably hit a wall at some point, “said John Hardy, Head of Currency Strategy at Saxo Bank A / S in Hellerup, Denmark.” A reversal of all yen crosses would prove to be most climatic when the asset markets are poorly fueling and eventually a bid for Bonds ”(Adds a Nomura comment from the sixth paragraph) For more articles like this, please visit us on BloombergcomSubscribe now to stay ahead of the game with the most trusted business news source © 2021 Bloomberg LP.

Greensill Capital filed for bankruptcy on Monday after losing insurance coverage for its debt repackaging business and stated in its court case that its largest client, GFG Alliance, had begun defaulting on its debt to Greensill began to unravel last Monday when its primary insurer cut credit insurance for $ 4 billion in debt in portfolios created for clients such as Swiss bank Credit Suisse, the court document that supported Greensill’s bankruptcy filing stated that Without this insurance, Greensill was no longer able to sell debt-backed notes to investors or fund customers like GFG in return

Chinese electric vehicle (EV) maker Xpeng Inc announced on Monday that its net loss in the fourth quarter of last year was down 42% from the year-ago period as electric vehicle sales rose in the world’s largest auto market that Xpeng, a company listed on the New York Stock Exchange, which sells primarily in China and competes with Tesla Inc and Nio Inc, said the net loss attributable to common shareholders was 787 4 million yuan (US $ 120 7 million) for the quarter versus Jan.3546 million yuan in the previous year In the last three months of last year, sales increased over the previous year by 346% to 285 billion yuan

(Bloomberg) – Italy’s billionaire family Agnelli agreed to buy a stake in French shoe and bag maker Christian Louboutin for € 541 million to expand into the luxury industry, the family’s Exor holding announced on Monday that it had one Acquires 24% stake and sees growth potential for the brand in China and e-commerce Exor will nominate two of the seven board members of Louboutin Under the leadership of John Elkann, the Agnelli family’s investment company has diversified its investments in recent years, as the founders of Fiat Chrysler expanding beyond the automotive industry The association with Louboutin, known for its signature women’s red-soled shoes, follows Exor’s 80 million euro investment in the Chinese luxury brand Shang XiaChristian Louboutin was founded in 1991 and now operates 150 stores in 30 countries Exor occurs as many shoe brands and the like Suffering from the Pandemic “Formal shoe brands are difficult,” said Luca Solca, an analyst at Sanford C Bernstein “You are affected by a secular casualization trend of which sneakers are the epitome of this category and it is difficult to expand to other product categories as the average price for shoes is relatively low. The Agnelli family owns 53% of Exor through a separate holding company, which is named after the Fiat founder Giovanni Agnelli and among dozen of his descendants as investors It also controls the sports car manufacturer Ferrari NV, the Juventus Football Club SpA and the reinsurance business PartnerRe, as well as a stake in Stellantis NV, which was created by the merger of Fiat Chrysler With PSA Group The deal is expected to close in the second quarter of 2021 For more articles like this, please visit us on BloombergcomSubscribe now to stay ahead of the game with the most trusted business news source © 2021 Bloomberg LP.

Spot gold fell 07% to 1$ 68987 per ounce to 1523 GMT after breaking 1$ 683, its lowest level since Jan. June had hit68 earlier The dollar climbed to a three-month high as the US. The yield on 10-year government bonds has been near more than a year high, which increases the opportunity cost of holding gold which does not pay interest. “We have an economy that is recovering and inflation is materializing Ultimately, this means that returns have room for higher movement, “said Bart Melek, head of commodities strategies at TD Securities, adding that gold is moving further towards 1 as a result660 USD could fall

World stocks fell on Monday as US. Senate Adopts $ 9 Trillion Stimulus Plans Put High Valuations And Tech Stocks Under Pressure Again, And Increase Inflation Fluctuations Analysts anticipate a sharp acceleration in inflation, fueled in part by the recent surge in oil prices, which spiked Monday for the first time since the pandemic began $ 70 up “Between reflation, inflation risk and stock valuations, there are many reasons the market is nervous about bond revaluations,” said Florent Pochon, strategist at Natixis

How easy is it to invest in tobacco or gambling while pension pots turn green?

(Bloomberg) – Tucked away between the Ford, Dodge and Chevy sedans, Dec.000 gallon reservoir and the non-working Caterpillar tractor being auctioned off by the S. Government is an unusual point: 07501 of a BitcoinThe US The General Services Administration typically uses their auctions to sell surplus federal equipment to the general public. With lot 4KQSCI21105001 up for auction in a week, the government is offering an amount of Bitcoin worth approx 38$ 000 at the price of Monday the government doesn’t say where their excess digital currency is coming from000 bitcoins that were auctioned off by the S. Marshal’s service in 2014, after being seized from the Silk Road market, the GSA auction is yet another indication of how Bitcoin is becoming more mainstream, and Wall Street also has a newfound openness to the world’s most valuable digital currency: the custody -Banking giant Bank of New York Mellon Corp. said it will hold, transfer and dispense digital currency while Mastercard Inc announced plans to allow cardholders to transact certain cryptocurrencies on their network, a Morgan Stanley entity known for picking growth stocks is considering adding Bitcoin to their possible bets, and last week a person near Goldman Sachs Group Inc The bank plans to reopen a trading counter for cryptocurrenciesThe Bitcoins auctioned by the U The value of the Marshals Service in 2014 was estimated at around $ 19 million at the time, although venture capitalist Tim Draper’s winning offer was not announced.These coins would be worth $ 1.5 billion today, as the price of the cryptocurrency is close to $ 51The GSA auction will take place on Nov. until 17 For more articles like this, please visit us on BloombergcomSubscribe now to stay ahead of the game with the most trusted business news source © 2021 Bloomberg LP.

When Elon Musk’s Tesla became the biggest name, revealing that it had Bitcoin in its coffers last month, many pundits were quick to call a corporate run on the booming cryptocurrency, however, it is unlikely to see a concerted crypto anytime soon Fee is coming, say many finance managers and accountants who refuse to risk balance sheets and the reputation of a highly volatile and unpredictable asset that messes up convention Ensure balance sheet liquidity, “said Graham Robinson, partner in international tax and treasury at PwC and advisor to the UK Association for Corporate Treasurers

(Bloomberg) – One of the best manifestations of the rotation from once soaring growth stocks to value stocks is the deviation of the Nasdaq 100 from the Dow Jones Industrial Average. When the 125-year benchmark climbed to another intraday record, the Nasdaq 100 caught the eye a level traditionally seen as a correction it is the first time since 1993 that the Dow rose and closed within 1% of a record high, while the tech-heavy trail fell more than 10% from its high. “Investors are feeling better about it on the rebound and want to improve fundamentals within large caps outside of technology and growth when valuations are more reasonable, “said Mike Bailey, research director at FBB Capital Partners.” The focus on better fundamentals at a reasonable price could take the Dow to new levels All but five of the 30-strong Dow index traded higher at 4 p.m. on Monday to close in New York , with shares in Walt Disney Co lead Visa Inc with a 63% profit, Goldman Sachs Group Inc and Home Depot Inc each rose more than 2% Meanwhile falls into Apple Inc and Tesla Inc weighed 36-year-old Nasdaq 100 stocks of other companies that did well in the stay-at-home environment in 2020, including Microsoft Corp. and Netflix Inc, also dented the tech-centric Nasdaq 100, as did those whose companies helped consumers work from home during the pandemic, including Zoom Video Communications Inc, which fell nearly 8%, and DocuSign IncThe split market activity shown is another expression of ongoing rotation as investors switch to stocks of companies whose assets are closely related to the business cycle, which has been painful for high-growth, highly valued tech stocks considering The turmoil in the bond market that drove yields on 10-year government bonds to 1 became less attractive 61% Before: SPAC foam makes itself felt and stocks fall 20% in two weeks The rotation is even tougher in once hot areas like the special purpose vehicle market or SPACs, another 2020 craze that has dwindled in appeal over the past few days, a gauge that tracks such companies – the IPOX SPAC Index – fell 26% Monday , the fourth day off of the last five sessions A popular SPAC from Chamath Palihapitiya – the Social Capital Hedosophia Holdings Corp. V or IPOE – fell as much as 11% at one point before closing 9% on Monday”It feels like a mind-set for tech and growth stocks,” Bailey said. “Investors decided these Covid winners just got too expensive and now it’s time for a discount” (Updates prices continuously) For For more articles like this, please visit us on BloombergcomSubscribe now to stay ahead of the game with the most trusted business news source © 2021 Bloomberg LP.

(Bloomberg) – Tech stocks fell again, dropping the Nasaq 100 index 11% from its all-time high as investors fled high-rated stocks for companies whose assets are closely related to the business cycle benchmark for Megacap Tech fell up 29% and is now at its lowest since November The S&P 500 ended lower after rising up to 1% as tech stakes in the meter fell 25% prevented financial firms and materials producers from worsening losses on The Dow Jones Industrial Average hit an all-time high before settling for a 1% gain supported by rallies at banks and Walt Disney Co. Tesla Inc pushed his five day router over 20% Blank check firms backed by Chamath Palihapitiya fell 10-year interest rate rose to 16% as the dollar strengthened Brent crude briefly traded near $ 70 a barrel before retreating, gold collapsed and Bitcoin topped 51$ 000 tradedInvestors favored the prospect of spike in global economic growth as vaccine distribution improves and the US. heading towards past a $ 19 trillion spending bill The risks associated with rising government bond yields remain an overhang amid fears that government bailouts could overheat economic growth “They are going to find great volatility in the markets,” said Kim Stafford, head of Asia -Pacific at Pacific Investment Management CoSaid on Bloomberg TV, “We believe confidence improves, especially when vaccines go online So we will see spike in growth around the world. There are many reasons to be confident in the market, but much of that is priced in “There are also questions about whether stock valuations have gotten excessively high, especially in speculative technology stocks The Nasdaq 100 Index is Down around 8% since early February Crash landing on Yesterday’s Stock Heroes is the worst in a decade Here are some key events to watch: The annual session of the National People’s Congress of China continues in Beijing, Japan’s GDP is due on Tuesday, the EIA crude oil inventory report is up due on Wednesday S. February Consumer Price Index provides the latest look at price pressures on Wednesday The European Central Bank is holding its monetary policy meeting and President Christine Lagarde will be briefing on Thursday These are some of the key moves in the markets: For more articles like this, please visit us on BloombergcomSubscribe now to stay ahead of the game with the most trusted business news source © 2021 Bloomberg LP.

(Bloomberg) – One of the most popular sectors of the $ 5 brand, the $ 7 trillion exchange-traded fund industry was also one of the hardest hit when technology stocks fell last week, with funds focused on specific niches in the first two months of the year, in who had accumulated a lot of money This trend is set to accelerate rapidly, according to a new survey, a whopping 80% of global ETF investors plan to increase their exposure to so-called themed ETFs this year, Brown Brothers Harriman & Co found in their annual report released Monday, according to data from Bloomberg, such products reached more than $ 32 billion in January and February This was by far the best start to a year. Cathie Wood’s actively managed funds at Ark Investment Management have revolutionized the subject, gaining fans from both institutional and retailers. As new investors flood the market, ETFs that are on understandable and traceable are winning Narrative-based, fresh money continues “You are seeing remarkable interest,” said Ryan Sullivan, senior vice president of global ETF services, Brown Brothers Harriman. “To some extent, it’s the chicken and the egg Are investors following a highly touted performance by some managers in this space, or is there a long-term game of change in portfolio design? ”The test last week when many themed funds – tracking sectors like electric vehicles, disruptive technology, and genomics – faced rapid declines Rising government bond yields raise caution with growth stocks, which are more sensitive to interest rate changes The survey respondents – nearly 400 US institutional investors, financial advisors and fund managers, Europe and China – said they were most interested in thematic funds on internet and technology, followed by funds focused on robotics and artificial intelligence “What we’re most interested in is seeing what the staying power of thematic ETFs is Sullivan said, “If performance changes and we go through a year or two that are a little bit more inconsistent, will we see that interest fade a little or that it hold up?” A flagship of the success of theme funds Woods Ark is Woods Ark, which grossed $ 16 billion to date in 2021, but all five actively managed products of the company, including the Ark Innovation ETF (ARKK), fell last week – still a small part of the $ 58 trillion industry – Also convince investors, with 65% of the respondents planning to increase their engagement, compared to 57% in the survey of last year Fixe d Income and global stocks are the most popular strategies in active wrapperMore than half of US. Investors also said they would buy a semi-transparent, active ETF in the next six months.The first of this new class of products was launched about a year ago but was relatively slow to attract investors to the largest, the Fidelity Blue Chip Growth ETF ( FBCG), only has assets of around 270 million USD Among other things: More than 70% of ETF investors worldwide say they plan to increase their ETF allocation in the next year In times of increased volatility, fixed income ETFs are preferred by three percentage points over the 2020 survey as they offer transparency and liquidity and 66% of respondents plan to increase the allocation of fixed income ETFs this year In five years’ time, 56% of respondents expect at least 11% of their holdings to be in ESG ETFs More than 40% of respondents are looking for a new ETF at least $ 100 million before investing, up 11% from 2020Find more articles like this at bloombergcomSubscribe now to stay ahead of the game with the most trusted business news source © 2021 Bloomberg LP.

83%

World News – FI – Form 83 – Willis Towers Watson plc

Source: https://finance.yahoo.com/news/form-8-3-willis-towers-140600678.html