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Blackstone Tallgrass bid reminds us why pipelines are unloved

One could almost feel sorry for that decidedly unloved crowd known as pipeline operators. Except they keep finding ways to make it really hard. Tallgrass Energy has received a buyout offer from an investor group led by Blackstone Group. This follows a deal in March in which the group took a controlling stake in Tallgrass. Things haven’t gone well since ...

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Jack Ma saves us from Elon Musk’s AI dystopia

Tech billionaires Jack Ma and Elon Musk can’t agree whether artificial intelligence (AI) is going to take over the world. Only one of them is what we might think of as a tech guy, and it’s that difference that means the other is likely to be right. Musk, a physicist by training, is a well-known AI radical who sees the ...

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Stocks rise as risks recede from Hong Kong to Britain

Bloomberg US equity-index futures rallied alongside European and Asian stocks as traders cheered a reduction in political tension from Italy and Britain to Hong Kong. Treasuries and gold retreated, while the dollar slipped. Contracts on the three major American share gauges jumped, signalling stocks will rebound from declines. All industry groups in the Stoxx Europe 600 index advanced, almost erasing ...

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