What we’re reading (7/10)
“Twitter Didn’t Seek A Sale. Now Elon Musk Doesn’t Want To Buy. Cue Strange Legal Drama.” (Wall Street Journal). “Elon Musk’s showdown with Twitter Inc. has set the stage for what could become one of the most unusual courtroom battles in corporate-takeover history—a spurned acquisition target that never sought to be bought potentially trying to force the buyer who soured on the deal to see it through.”
“What’s Next In The Elon Musk-Twitter Saga? A Court Battle” (New York Times). “Now that Elon Musk has signaled his intent to walk away from his $44 billion offer to buy Twitter, the fate of the influential social media network will be determined by what may be an epic court battle, involving months of expensive litigation and high-stakes negotiations by elite lawyers on both sides.”
“Uber Broke Laws, Duped Police And Secretly Lobbied Governments, Leak Reveals” (The Guardian). “The unprecedented leak to the Guardian of more than 124,000 documents – known as the Uber files – lays bare the ethically questionable practices that fuelled the company’s transformation into one of Silicon Valley’s most famous exports.”
“How Many F-Bombs Trigger An R Rating? An Obscure Movie Industry Panel Decides” (CNBC). “How many F-bombs can a movie have before it’s rated R? That’s up to Kelly McMahon and a secretive panel of raters that is charged with dishing out the movie industry’s five all-important designations — G, PG, PG-13, R and the extremely rare NC-17. Though it toils in relative obscurity, the panel’s ratings for about 700 movies each year can help determine whether films are suitable for children and have a big impact on a movie’s box office performance.”
“The S&P 500 Will Eke Out A Small Gain This Year As The Index Recovers First Half Losses On The Back Of A Solid Economy, Oppenheimer Says” (Insider). “Oppenheimer this week slashed its outlook for the S&P 500, stating that the benchmark index will do worse than the firm had expected but will still jump 25% through the rest of the year to end 2022 with a small gain.”
