Musk to buy Twitter for 44 billion dollars
Elon Musk agreed to acquire Twitter for about 44 billion dollars. He pledges a looser content approach, aims to curb spam bots, open algorithms, and keep free speech as a core platform value while facing advertiser concerns and regulatory scrutiny.
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Stocks rebound as tech shares lead gains ahead of earnings
U S stocks recovered from morning losses with the S&P 500 up 0.6 percent to 4296.12 and the Dow rising 238.06 to 34049.46 while the Nasdaq gained 1.3 percent led by Microsoft and Alphabet. Investors eye Apple, Microsoft, Amazon and Google parent as earnings week begins amid Fed rate hike concerns and China lockdown worries.
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Associated Press
Coca Cola Sees 16 Percent Q1 Rise Amid Rebound in Venues
Coca Cola posted 2.78 billion dollars in net income and 10.49 billion dollars in revenue in the first quarter as movie theaters arenas and stadiums regained crowds while Russia operations remained suspended. The company kept full year growth targets and highlighted strong sales across Coke Zero Sugar and core beverages along with rising unit case volume.
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