Shares of Digital World Acquisition Corp. (DWAC) are rising Wednesday afternoon, following the company's decision to file a lawsuit against Ark Global Investments. The lawsuit aims to compel Ark Global to vote in favor of DWAC's proposed merger deal with the Trump Media & Technology Group. The crucial vote for the merger is scheduled for this Friday. Yahoo Finance's Julie Hyman and Josh Lipton break down the details. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith
Shares of Digital World Acquisition Corp. (DWAC) are rising Wednesday afternoon, following the company's decision to file a lawsuit against Ark Global Investments. The lawsuit aims to compel Ark Global to vote in favor of DWAC's proposed merger deal with the Trump Media & Technology Group. The crucial vote for the merger is scheduled for this Friday.
Yahoo Finance's Julie Hyman and Josh Lipton break down the details.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Angel Smith
Investor's Business Daily
Shareholders of Digital World Acquisition, the special purpose acquisition company aiming to take former President Donald Trump's tech and social-media platform public, are scheduled Friday to vote on the long-awaited merger with Trump Media & Technology Group. DWAC shares surged Wednesday. DWAC stockholders are currently set to hold a meeting Friday to approve the special purpose acquisition company's merger with Trump Media, according to federal filings.
Reuters
U.S. Federal Reserve Chair Jerome Powell said on Wednesday the day is swiftly approaching when the central bank will slow the pace of its balance sheet run off, and in moving toward a taper of the drawdown, it may allow the central bank to ultimately shed more bonds than it once expected. "It will be appropriate to slow the pace of run-off fairly soon," Powell said at a press conference following a Federal Open Market Committee meeting. Powell was addressing the central bank's ongoing efforts to reduce the size of its holdings, commonly referred to as quantitative tightening, or QT.
Reuters
Micron reports results ahead of other chipmakers and is closely watched as the expected sales for its memory hardware act as an indicator of demand for various types of chips and end-markets. Tech companies and other businesses have been vying to incorporate generative artificial intelligence into their products and services, driving demand for Micron's high bandwidth memory (HBM) chips that are used in the development of complex AI applications.
Bloomberg
(Bloomberg) -- The company planning to take Trump Media & Technology Group public sued to force its biggest investor, ARC Global Investments II, to vote in favor of the deal before a critical deadline this week.Most Read from BloombergTrump Rules Out Vivek Ramaswamy as Running Mate as He Eyes New TeamSam Bankman-Fried Says 50-Year Sentence Only Suitable for a ‘Super Villain’What Happens If Trump Can’t Post His $454 Million BondFed to Give Fresh Clues on Path of Interest-Rate CutsUltra-Wealthy Ar
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