‘Can't bully the market': Trump throws temper tantrum at Walmart after his tariffs cause price hikes
Claire McCaskill, former Democratic Senator from Missouri, Charlotte Howard, Executive Editor for The Economist and David Gura, Anchor and Correspondent for Bloomberg News join Nicolle Wallace on Deadline White House with reaction to the continued fallout from Donald Trump's tariff policy which has turned the American upside down, caused Moody's to downgrade the United States credit rating, and major companies like Walmart being forced to raise prices on the American consumers.
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Yahoo
14 minutes ago
- Yahoo
Semi-conductor group Alphawave is latest tech company to quit London listing as it agrees £1.8bn takeover
Semi-conductor group Alphawave IP is to become the latest major London listed company to leave the stock market after agreeing a £1.8 billion takeover from US chip giant Qualcomm. The Gresham Street headquartered company told shareholders this morning it had finally struck a deal with its suitor after an extension for the takeover deadline was extended for the fifth time last week. Anglo-Canadian Alphawave listed in London in May 2021 when it sold £856 million of shares in an IPO valuing it at £3.1 billion. It is the latest in a stream of tech companies to quit their London listings. Last week fintech Wise said it is switching its primary listing to America. The deal overshadowed the launch of London Tech Week which was attended by Keir Starmer and Nvidia boss Jensen Huang. Darius McDermott, managing director at investment research agency FundCalibre said:'It's a telling contrast: the Prime Minister courts Nvidia's Jensen Huang just as another UK tech success story, Alphawave, is set to be acquired by an American buyer. 'Our view is the government must prioritise policies that support domestic UK capital markets – not kill them. They are critical for a well-functioning economy and society. For too long, the government has neglected, overregulated and taxed them, driving liquidity and investment out of the UK.' Alphawave, which is advised by Goldman Sachs and BMO, originally confirmed it was in talks about a sale as long ago as 1 April. But it has repeatedly pushed back the so called 'put up or shut up' deadline. Under the terms of the now agreed acquisition Alphawave shareholders will receive $2.48 in cash for each share, equivalent to 183 p. It represents a 96% premium to the share price before the start of takeover speculation. Alphawave shareholders have an option to receive the cash in sterling or in new Qualcomm shares at a rate of 0.01662 Qualcomm shares for each Alphawave share held. There is also a further alternative of 0.00964 of a New Series A Qualcomm Exchangeable Security and 0.00698 of a New Series B Qualcomm Exchangeable Security for each Alphawave share. Tony Pialis, President and chief executive officer of Alphawave, said:"Qualcomm's acquisition of Alphawave represents a significant milestone for us and an opportunity for our business to join forces with a respected industry leader and drive value to our customers. 'By combining our resources and expertise, we will be well-positioned to expand our product offerings, reach a broader customer base, and enhance our technological capabilities. Together, we will unlock new opportunities for growth, drive innovation, and create a leading player in AI compute and connectivity solutions. For our shareholders, the Alphawave Board is pleased that Qualcomm's offer provides an opportunity to realise compelling value for their shares." Cristiano Amon, President and chief executive officer of Qualcomm, said:"Under Tony's leadership Alphawave has developed leading high-speed wired connectivity and compute technologies that are complementary to our power-efficient CPU and NPU cores. Qualcomm's advanced custom processors are a natural fit for data centre workloads. 'The combined teams share the goal of building advanced technology solutions and enabling next-level connected computing performance across a wide array of high growth areas, including data centre infrastructure." Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
19 minutes ago
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Rubio congratulates Russian people on Russia Day
U.S. Secretary of State Marco Rubio congratulated the Russian people on June 12, Russia's National Day, and expressed a desire for "constructive engagement" to bring peace to Ukraine. "On behalf of the American people, I want to congratulate the Russian people on Russia Day," Rubio said in a statement published on the State Department's website. "The United States remains committed to supporting the Russian people as they continue to build on their aspirations for a brighter future." After taking office in January, the new U.S. administration took a sharp break from ex-President Joe Biden's policy on Ukraine and Russia. U.S. President Donald Trump's team has sought to broker a peace deal between Kyiv and Moscow while being reluctant to commit additional funds or military aid to the besieged country. "It is our hope that peace will foster more mutually beneficial relations between our countries," Rubio said. Washington has also signaled an intent to restore ties with Moscow, with both sides discussing venues for possible economic cooperation. While the Biden administration imposed massive sanctions on Russia and sought to isolate Russian President Vladimir Putin on the international stage, Trump has often boasted about his close ties with the Russian leader and refused to impose additional economic restrictions. Russia Day, also known as the Day of Adoption of the Declaration of State Sovereignty of the Russian Soviet Federative Socialist Republic, has been celebrated annually on June 12 since 1992. The day commemorates the declaration of Russia's state sovereignty from the Soviet Union, marking the start of a constitutional reform that eventually led to the breakdown of the USSR. Read also: Putin's suspected daughter found working in anti-war galleries in Paris We've been working hard to bring you independent, locally-sourced news from Ukraine. Consider supporting the Kyiv Independent.
New York Post
44 minutes ago
- New York Post
Republicans clobber Democrats in Congressional Baseball Game for fifth straight year
Republican lawmakers crushed their Democratic counterparts Wednesday at the annual Congressional Baseball Game in Washington, DC. The GOP's 13-2 win over the Dems in Nationals Park marks the fifth straight year Republicans have defeated their political rivals on the diamond. Rep. Greg Steube (R-Fla.), who was seriously injured in a ladder fall two years ago, pitched five innings for the GOP, striking out seven Democrats. 9 The Democratic team stood on the field during the national anthem at the annual Congressional baseball game. Getty Images 9 Rep. Pete Aguilar (D-CA) pitched for his party on Wednesday. Getty Images 9 Sen. Eric Schmitt (R-MO) sported his red uniform as he hit a ball during the event. Getty Images 'I am going to take an ice bath tomorrow,' Steube quipped after the game. The MVP award went to Rep. August Pfluger (R-Texas), who made a spectacular diving catch to end the first inning after Democrats loaded the bases. Pfluger's close play went viral on social media. 'Proud to have been selected MVP for this year's Congressional Baseball Game!' the Texas Republican wrote on X. 'Couldn't have asked for a better support team here in DC! Another huge win for Republicans.' The game was far more subdued than last year's edition, which saw anti-Israel protesters disrupt the national anthem and climate change activists rush the field. 9 U.S. House Majority Leader Rep. Steve Scalise (R-LA) fist bumps Rep. August Pfluger (R-TX). Getty Images 9 Scalise holds the trophy after the Republicans win the annual Congressional baseball game at Nationals Park. Getty Images 9 U.S. Rep. Lauren Boebert (R-CO) reacts during the annual Congressional Baseball Game for Charity at Nationals Park in Washington, D.C. on June 11, 2025. REUTERS Former House Speaker Nancy Pelosi (D-Calif.) greeted her colleagues in the Democratic dugout at one point during the game and received cheers from the blue team's fans. More than 30,000 tickets were sold for the game, which raised $2.8 million for dozens of charities. 'Team GOP takes the WIN!! 🏆🇺🇸 Proud to take the field with my Republican colleagues tonight and bring home the win,' House Majority Leader Steve Scalise (R-La.) wrote on X. 'We raised $2.8 million for local charities. We're not tired of winning!' 9 U.S. House Speaker Mike Johnson was spotted in the crowd during the game. REUTERS 9 U.S. Sen. Joni Ernst (R-IA) celebrates after running to home plate. Getty Images 9 Both teams celebrate on the field after the Republicans defeated the Democrats. REUTERS In 2017, Scalise was shot by a left-wing extremist during a GOP team practice in Alexandria, Va., a day before that year's edition of the game. Republicans hold an overall edge over Democrats in the series by five games, with 47-42 record.
