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Virgin Galactic’s share price has left the stratosphere

A year ago Richard Branson was on his private island, Necker, when the former Twitter executive Adam Bain came to see him with a proposal for how to take Branson’s suborbital space travel company public. The bearded British billionaire is doubtless glad he took the meeting: After an unsteady start, Virgin Galactic Holdings Inc.’s valuation has rocketed. The stock has ...

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Masa and his bankers grab a shared ride

Mitsubishi UFJ Financial Group Inc. (MUFG) is investing more than $700 million in Southeast Asian ride-hailing giant Grab. It’s a three-way deal in which everyone gets what they currently lack. The Japanese megabank and the Singapore-headquartered “superapp,” a one-stop online shop spanning food to finance, get to plug gaps in their businesses. They also keep one of Grab’s existing backers ...

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Johnson’s ‘Global Britain’ doesn’t need free trade

In late 2016, Liam Fox, then the UK’s secretary of state for international trade — a new job created in the aftermath of the Brexit vote — declared the birth of a “post-geography trading world.” With technology breaking down the barriers of time and distance, there was no need to fret about the UK leaving the European Union (EU), the ...

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