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  Bloomberg

  Hillhouse on why India is a key private credit market

  Hillhouse Partner & Co-Head of Elham Credit Partners Siddhartha Hari discusses private credit market opportunities and Hillhouse's APAC-wide strategy. He speaks with David Ingles on the sidelines of Milken Institute Global Investors' Symposium on Bloomberg Markets "Asia".

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  Reuters

  Brazil central bank discussed smaller rate cuts if uncertainty persists

  In the minutes of the meeting on March 19-20, when the bank cut the benchmark interest rate by 50 basis points to 10.75%, the central bank said that "information provided by updating the analyzed data sets will be particularly important in defining the terminal interest rate and its respective path". "Some members also argued that if prospective uncertainty remains high in the future, a slower pace of monetary easing may prove appropriate, for whatever terminal rate is desired," it added.

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  The Wall Street Journal

  Florida Law Bans Social Media for Minors Under 14

  Florida Gov. Ron DeSantis signed legislation Monday that prohibits people under 14 years of age from having social-media accounts, regardless of parental consent, one of the most restrictive laws aimed at curbing social-media access for minors. Under the new law, social-media companies are required to close accounts believed to be used by minors under 14. The platforms must also cancel accounts at the request of parents or minors, and all information from the accounts must be deleted.

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  The Wall Street Journal

  Health Care Roundup: Market Talk

  0810 GMT – Innovent Biologics ’ target of Ebitda break-even by 2025 appears achievable with effective cost-control measures, HSBC Qianhai analysts Linda Shu and Cindy Chai say in a note after the biopharmaceutical company’s 2023 revenue beat expectations. With net loss shrinking in 2023 and improving operating efficiency, the analysts expect the company to break even in 2025 with a net profit of CNY300 million versus an expected CNY600 million net loss in 2024. Innovent’s valuation remains attractive, with its share price down 8% this year, they say.

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  Barrons.com

  Lucid Stock Soars and Fisker Plunges. The Reason Is the Same.

  Lucid shares were up almost 18% at $3.26, while the and were down about 0.3% and 0.5, respectively, after the company announced a $1 billion capital injection from majority shareholders in Saudi Arabia. Ayar Third Investment Co., which is affiliated with the Saudi Public Investment Fund, will purchase $1 billion in new convertible preferred shares. Rising after a convertible sale—which can increase shares outstanding—shows how focused investors are on capital these days.

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  Motley Fool

  Is Reddit Really Like Pinterest?

  We've also got an interview with John Carrington, CEO of Stem, which is going full speed ahead on the clean energy transformation.

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  Associated Press Finance

  Trump's social media company soars nearly 40% in its first day of trading on Nasdaq

  Shares of Donald Trump’s social media company jumped nearly 40% in the first day of trading on the Nasdaq, boosting the value of Trump's large holdings in the company as well as the smaller stakes of supporters who purchased shares as a show of support for the former president. Trump Media & Technology Group Corp. was acquired Monday by a blank-check company called Digital World Acquisition Corp. Trump Media, which runs the social media platform Truth Social, has now taken Digital World’s place on the Nasdaq stock exchange. Trump holds a nearly 60% ownership stake in the company.

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  Benzinga

  Steve Jobs Didn't Become A Billionaire Because Of Apple – It Was Actually Pixar And The Toy Story Movie

  Steve Jobs is a name synonymous with Apple, the tech giant he co-founded. However, a lesser-known chapter significantly shaped his career and wealth: Pixar Animation Studios. It was Pixar's IPO and the massive success of the movie "Toy Story" that made Jobs his first billion, according to reports. After being ousted from Apple in 1985 because of disagreements with the board of directors, Jobs found himself at a crossroads. This pivotal moment in his life led him to Pixar. Don't Miss: Executives