Medical-supplies distributor Medline has raised $6.26 billion in an initial public offering, claiming the title of the largest IPO of the year and securing a valuation of more than $50 billion. The US-based company, backed by private equity groups Blackstone, Carlyle and Hellman & Friedman, said on Tuesday it sold 216 million shares at $29 […]
For most of the past two decades, China’s economy could solve slow growth by pulling one of three levers. It could push investment, lift property, or sell more to the rest of the world. Today, one lever is broken, another is politically constrained, and the third is provoking resistance abroad. Though the economy is still […]
Lithium prices in China experienced a sharp increase on Wednesday following a significant regulatory action by the natural resource authority overseeing the country’s primary lithium-producing region. The authority announced its decision to revoke 27 existing mining licences, according to a Reuters report. This unexpected crackdown on a substantial number of operations immediately tightened the supply […]
Authorities in Delhi have implemented stringent measures to combat the escalating pollution crisis. Among the key initiatives rolled out on Wednesday is a ban targeting vehicles that fail to comply with the latest emission control norms, signalling a strong push towards cleaner transportation, Reuters said in a report. Furthermore, the government is regulating attendance across […]
Russian President Vladimir Putin said Wednesday that Russia’s goals in Ukraine are unchanged and will be accomplished either through negotiations or by further military advances if diplomatic efforts fail. Putin, speaking at an annual board meeting of the country’s Defense Ministry, touted Russia’s military progress on the battlefield and technological advancements as his war in […]
Senate Republicans blocked an attempt by Sen. Adam Schiff, D-Calif., to force the release of unedited footage to Congress and the public of the U.S. military’s controversial Sept. 2 double-tap strike on an alleged drug boat in the Caribbean. Schiff’s move Wednesday afternoon followed passage of the annual National Defense Authorization Act (NDAA), which included […]
A doctor-turned-House Republican is arguing that there is a direct link between the Affordable Care Act (ACA), colloquially known as Obamacare, and the increasing cost of healthcare putting a strain on Americans’ wallets. ‘They removed choice by patients by limiting and prohibiting association health plans, so small businesses were disadvantaged,’ said Rep. Mariannette Miller-Meeks, R-Iowa. […]
The Senate sent a colossal defense package to President Donald Trump’s desk on Wednesday, checking off one of the last remaining items of the year in the process. Lawmakers banded together to pass the National Defense Authorization Act (NDAA), a roughly $901 billion package crammed to the brim with defense policy that unlocks funding for […]
Four moderate House Republicans are rebelling against Speaker Mike Johnson, R-La., to join his Democratic counterpart in forcing a vote on enhanced Obamacare subsidies set to expire at the end of this year. Reps. Brian Fitzpatrick, R-Pa., Ryan Mackenzie, R-Pa., Rob Bresnahan, R-Pa., and Mike Lawler, R-N.Y., all joined a discharge petition by House Minority […]
Senate Commerce Chair Ted Cruz (R-Texas) is hoping to quickly pass a bill Wednesday dealing with military helicopter safety. According to a person familiar with the negotiations who was granted anonymity to speak candidly, Cruz plans to bring his bipartisan ROTOR Act legislation to the floor via unanimous consent, a fast-track procedure. The bill would […]