Klaviyo valued at $9.2 billion after pricing IPO above range

Andrew Bialecki, CEO and co-founder of Klaviyo, poses for a portrait in Boston on Sep. 5, 2019. Barry Chin | Boston Globe | Getty Images Marketing automation company Klaviyo secured a valuation of $9.2 billion in its initial public offering (IPO) on Tuesday, after pricing the share sale above its indicated range, according to people familiar with the matter. Klaviyo […]

White House officials not going to Detroit for auto talks

A United Auto Workers member on a picket line outside the Ford Motor Co. Michigan Assembly plant in Wayne, Michigan, on Sept. 15, 2023. Bloomberg | Bloomberg | Getty Images The Biden administration is no longer sending two key officials to Detroit this week to potentially help broker a deal between striking autoworkers and the Big Three car companies, a […]

FDA rejects first needle-free alternative to EpiPens, calling for additional research

The Food and Drug Administration did not approve an epinephrine nasal spray that would have been the first needle-free alternative to epinephrine autoinjectors, including EpiPens.  The agency told drugmaker ARS Pharmaceuticals that it needed to conduct another study on the drug, called Neffy, to support approval, the company said in a statement late Tuesday night. The rejection came despite the agency’s advisory committee […]

Latest news on Russia and the war in Ukraine

EU to ask China at UN to push Russia towards ‘just peace’ in Ukraine European Council President Charles Michel will ask China directly at the United Nations Security Council to do more to push Russia towards a “just peace” in Ukraine, according to his draft speech seen by Reuters at the UNGA. At the Security Council meeting held on Wednesday […]

“Una se la possono prendere”

ROMA – La Ferrari festeggia ancora la sua prima vittoria in questa stagione di Formula 1, conquistata da Carlos Sainz nel Gran Premio di Singapore 2023 dopo una perfetta strategia. A farne le spese, oltre alle Mercedes di George Russell e Lewis Hamilton, è stato Max Verstappen che ha visto interrompersi la sua striscia di dieci vittorie consecutive. Ad ogni […]

Stock market today: Live updates

Traders on the floor of the New York Stock Exchange, June 30, 2023. Source: NYSE U.S. stock were near flat up Monday morning as investors look toward the Federal Reserve’s next policy decision. Futures tied to the Dow Jones Industrial Average added 15 points, which equates to less than 0.1%. The S&P 500 and Nasdaq 100 futures also traded around […]

Disney asset sales will move media industry forward

Chief executive officer of The Walt Disney Company Bob Iger and Mickey Mouse look on before ringing the opening bell at the New York Stock Exchange (NYSE), November 27, 2017 in New York City. Getty Images Usually when a person or company sells something, the primary motivation is getting back as much money as possible. Disney‘s motivation to potentially sell […]