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SoftBank Son puts new spin on SPAC mania

It seems like everyone’s launching a special purpose acquisition company these days, but you could have bet on Softbank Group Corp maestro Masayoshi Son and his lieutenant Rajeev Misra finding a way of putting an eyebrow-raising spin on the blank-check phenomenon. They haven’t disappointed. Their SPAC, SVF Investment Corp, plans to raise at least $525 million from investors in an ...

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US’s celebrated energy bill is underwhelming

The energy bill attached to the relief package passed by Congress is winning plaudits for its bipartisanship and climate-friendly measures. Not to be a Grinch this close to Friday. The energy bill now on its way to outgoing President Donald Trump’s desk contains many items addressing emissions and climate change. Among other things, there is a commitment to phase out ...

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Boeing extends 737 Max sales streak as Alaska boosts order

Bloomberg Boeing Co extended its sales streak of 737 Max jets as Alaska Air Group Inc boosted an order agreement to 68 jets and announced plans to return to a mainline fleet with a single aircraft type. The airline will stop flying 20 of its Airbus SE A320-family planes immediately, prompting a one-time charge of as much as $250 million ...

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