10 June

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‘CryptoPunk’ NFT sells for $11.8 million – Sotheby’s By Reuters

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LONDON (Reuters) - A non-fungible token (NFT) of a digital artwork called a "CryptoPunk" was sold for $11.8 million on Thursday, according to a tweet by auction house Sotheby's. The NFT - a blockchain-based asset which certifies ownership of a digital object - was sold as part of the Sotheby's online auction "Natively Digital: A Curated NFT Sale", which runs from June 3-10 and features work by 27 digital artists. CryptoPunks are a series of 10,000 unique pixel-art characters made by Larva Labs in 2017. The individual one sold by Sotheby's -- "CryptoPunk #7523" --...

10 June

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EU sees first probes under money for rule-of-law regulation in Sept-Oct By Reuters

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By Jan Strupczewski BRUSSELS (Reuters) - The European Commission could in September or October start its first investigations into whether EU governments sufficiently respect the rule of law to qualify for EU budget and recovery funds, EU Budget Commissioner Johannes Hahn said on Thursday. This is likely to be a blow to Poland and Hungary, both of which are under formal EU investigation over breaches of rule of law standards and which had hoped for a much longer delay in the application of the rules which could freeze billions for them. The Commission has been...

10 June

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Netflix to launch online store for selling show-related merchandise By Reuters

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(Reuters) - Netflix Inc (NASDAQ:NFLX) will launch an online store to sell apparel and lifestyle merchandise related to its top shows, the streaming giant said on Thursday. ...

10 June

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Amazon faces potential $425 million EU privacy fine – WSJ By Reuters

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(Reuters) -Amazon.com Inc could be fined more than $425 million under the European Union's privacy law, the Wall Street Journal reported https://www.wsj.com/articles/amazon-faces-possible-425-million-eu-privacy-fine-11623332987?mod=latest_headlines on Thursday, citing people familiar with the matter. Luxembourg's data-protection commission, CNPD, has circulated a draft decision and proposed a fine highlighting Amazon (NASDAQ:AMZN)'s privacy practices among the bloc's 26 national data-protection authorities, according to the report. The case relates to Amazon's collection and use of individuals' personal data and violations under EU's landmark data privacy rules known as the General Data Protection Regulation (GDPR), a source told the Journal. Amazon declined to comment....

10 June

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Bristol Up As New Therapy’s Phase-3 Trial In Lymphoma Is Positive By Investing.com

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By Dhirendra Tripathi Investing.com – Bristol-Myers Squibb (NYSE:BMY) shares were up more than 3% Friday as the company’s phase-3 trial of a therapy to treat lymphoma revealed positive results. Bristol Myers said it’s the first time a treatment beyond chemotherapy and stem cell transplant has demonstrated a benefit in relapsed or refractory large B-cell lymphoma. Hematopoietic stem cell transplant is considered a gold standard treatment for these patients. Breyanzi, a cell therapy, was approved by the U.S. Food and Drug Administration in February to treat adult patients with relapsed or refractory large B-cell lymphoma after...

10 June

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Ireland says too soon to say whether global tax rate will be set at 15% By Reuters

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DUBLIN (Reuters) -The global minimum corporate tax rate of 15% proposed by the Group of Seven wealthy nations is just a signpost and it is too early to say whether agreement can be reached on that or any figure, Irish Finance Minister Paschal Donohoe said on Thursday. In a major step toward a global deal, G7 finance ministers agreed last weekend to squeeze more money out of multinational companies, in part by backing a minimum global corporate tax rate of at least 15%. With a rate of 12.5% that has helped attract some of the biggest...

10 June

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Zurich looks to sell $243 million Italy life portfolio -sources By Reuters

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MILAN (Reuters) - Swiss insurer Zurich is looking to offload an Italian portfolio of life insurance policies with an equity value of around 200 million euros ($243 million), two people close to the matter said. The process, which targets specialised investors, often backed by private equity, or reinsurance firms, follows similar deals in the industry where negative interest rates have been weighing on companies' life businesses. UBS is working with Zurich on the sale of the Italian life policies, the two sources told Reuters. UBS declined to comment. The challenge of paying guaranteed returns...

10 June

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EU Commission says Poland cannot question primacy of EU law By Reuters

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BRUSSELS (Reuters) -The European Commission has asked Poland not to question the primacy of European Union law over national legislation, as this is the fundamental principle of the 27-nation bloc, a Commission spokesman said on Thursday. The Commission, which is the guardian of EU treaties, wrote to the Polish government on Wednesday asking Warsaw to withdraw a motion the Polish prime minister filed with Poland's constitutional court seeking a ruling on whether the country's constitution or EU treaties are more important. "The Commission is concerned about this motion as it contests fundamental principles of EU law,...

10 June

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MercadoLibre Up as Investors Discuss ‘Huge’ Potential By Investing.com

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By Christiana Sciaudone Investing.com -- MercadoLibre (NASDAQ:MELI) rose more than 3% following a Motley Fool discussion in which three shareholders discussed the huge opportunity for growth that remains in Latin America. "MercadoLibre is doubling its workforce this year, this calendar year, and they are adding 16,000 people to their roster and 11,000 of them are part of the Envios fulfillment platform," said investor Brian Withers. "They are far and away to me, the leader in the region and I want to see them continue to keep a lock on that."Like so many...

10 June

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Benetton family injects 300 million euros into clothing chain as loss grows By Reuters

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MILAN (Reuters) - Benetton Srl, the holding company which controls Italian clothing retailer Benetton Group and its production assets, saw its net loss quadruple last year to 361 million euros ($440 million), pushing its founding family to inject fresh cash. The COVID-19 pandemic hit hard fashion retailers globally, keeping clients away from shops because of lockdowns and fear of infection. Edizione, the Benetton family holding which controls Benetton srl, injected 200 million euros into the company last year and would provide another 100 million euros by the end of 2022, according to a financial document filed...

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‘CryptoPunk’ NFT sells for $11.8 million – Sotheby’s By Reuters

EU sees first probes under money for rule-of-law regulation in Sept-Oct By Reuters

Netflix to launch online store for selling show-related merchandise By Reuters

Amazon faces potential $425 million EU privacy fine – WSJ By Reuters

Bristol Up As New Therapy’s Phase-3 Trial In Lymphoma Is Positive By Investing.com

Ireland says too soon to say whether global tax rate will be set at 15% By Reuters

Zurich looks to sell $243 million Italy life portfolio -sources By Reuters

EU Commission says Poland cannot question primacy of EU law By Reuters

MercadoLibre Up as Investors Discuss ‘Huge’ Potential By Investing.com

Benetton family injects 300 million euros into clothing chain as loss grows By Reuters

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