Wags News TheFoxPosts.com

U.K. chip designer Arm Holdings is scheduled to start trading on the Nasdaq Thursday, in what is the largest initial public offering of shares in nearly two years NEW YORK -- U.K. chip designer Arm Holdings is scheduled to start trading on the Nasdaq Thursday, in what is the largest initial public offering of shares in nearly two years. The shares have been priced at $51, giving Arm a market value of $54.5 billion. The opening trade could be much higher, given the interest among investors in the offering. Most consumers use at least one product that contains Arm's chips, though many people may not be familiar with the company itself. Its chip design is used in virtually all smartphones, the majority of tablets and digital TVs. More recently, Arm has expanded into artificial intelligence, smart devices, cloud computing, the metaverse and autonomous driving. Arm's offering is an important development for the IPO market, which has seen relatively few companies go public the pa...

A federal judge has handed Microsoft a major victory by declining to block its looming $69 billion takeover of video game company Activision Blizzard A federal judge has handed Microsoft a major victory by declining to block its looming $69 billion takeover of video Game company Activision Blizzard. Regulators sought to ax the deal saying it will hurt com Pet ition. U.S. District Judge Jacqueline Scott Corley said in a ruling that the merger deserved scrutiny, noting it could be the largest in the history of the tech industry. But federal regulators were unable to show how it would cause serious harm and wouldn't likely prevail if they took it to a full trial, she wrote. The Federal Trade Commission, which enforces antitrust laws, “has not raised serious questions regarding whether the proposed merger is likely to substantially lessen competition” between video game consoles or in the growing markets for monthly game subscriptions or cloud-based gaming, Corley said. A ruling fav...

The state of Nevada has reached a $285 million settlement with Walgreens regarding the pharmacy chain’s role in the opioid epidemic LAS VEGAS -- The state of Nevada has reached a $285 million settlement with Walgreens regarding the pharmacy chain's role in the opioid epidemic, the state's top lawyer announced Wednesday. The last in a series of multiyear settlements with pharmaceutical companies, retailers and others, it pushes Nevada's total anticipated payments stemming from opioid claims to $1.1 billion, state Attorney General Aaron Ford's office said in a news release. Nevada is among numerous states that have reached settlements now totaling more than $50 billion nationwide. “When I first took office as attorney general, I made it clear that seeking justice for those harmed by the opioid epidemic was one of my top priorities,” Ford said. Walgreens had no comment on the settlement, a company spokesman said in an email to The Associated Press on Wednesday. Walgreen...