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Ukraine's Kyivstar Shares Fall on Nasdaq Listing Debut
Kyivstar Group shares fell on their debut on New York's Nasdaq, after the company became the first Ukraine-based firm to go public on a U.S. stock exchange. The stock is currently trading 17% lower at $11.97, based on the $14 opening price, implying a market capitalization of around $2.61 billion.


CNBC
15 minutes ago
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Government Intel intervention is 'essential' for national security, tech analyst says
A government intervention in struggling chipmaker Intel is "essential" for the sake of national security, analyst Gil Luria said Friday, following a report that the Trump administration is weighing taking a stake in the company. "We're all capitalists," Luria, head of technology research at D.A. Davidson, said in an interview with CNBC's "Squawk Box." "We don't want government to intervene and own private enterprise, but this is national security." Bloomberg reported Thursday that the Trump administration is considering having the U.S. government take a stake in Intel. The news sent Intel shares higher, and the stock climbed again Friday. Intel previously declined to comment on the report. Luria said such a deal is needed to revive Intel and reduce the country's reliance on companies like Samsung and Taiwan Semiconductor to manufacture chips. President Donald Trump has called for more chips and high-end technology to be made in the U.S. How the White House could structure such an intervention is still in question. Bloomberg reported Friday that the administration has discussed using funds from the CHIPS Act. "Intel has had many opportunities over decades to get it right, and it hasn't. So we need to intervene," Luria said. "The government's going to come in and it's going to give Intel unfair advantages, and if it's going to do that, it wants a piece of the business." Intel CEO Lip-Bu Tan met with Trump at the White House on Monday after the president called for his resignation based on allegations that he has ties to China. Luria pointed to OpenAI CEO Sam Altman and Meta CEO Mark Zuckerberg's comments that the rise of superintelligent AI could be "the next wave of nuclear proliferation," as evidence that direct intervention by the government is needed. "We can't rely on somebody else making shell casings for our nuclear arsenal," Luria said. "We have to get it right."


Bloomberg
15 minutes ago
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Chinese LNG Buyers Snap Up Imports as Prices Fall to Refill Storage
China's liquefied natural gas buyers are boosting imports as falling prices and the need to replenish inventories end months of sluggish deliveries. The 30-day moving average for LNG imports to China have been above the five-year average so far for August, according to ship-tracking data compiled by Bloomberg. Earlier this month, Beijing Gas Group Co. purchased at least two shipments for September, while Zhejiang Energy bought a cargo, according to traders with knowledge of the matter.