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Amazon to Buy Satellite Operator Globalstar for $90 a Share
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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu
- Michelle Davis, Bloomberg News Senior Deals Reporter, discusses Amazon.com agreeing to acquire satellite operator Globalstar in a roughly $11.6 billion deal to expand the services of its satellite system.
-- Sid Philip, Bloomberg Chief Correspondent for Global Aviation, discusses United Airlines Chief Executive Officer Scott Kirby floating a possible combination with American Airlines, which would face intense scrutiny due to antitrust concerns.
- Craig Trudell, Bloomberg Global Autos Editor, discusses Lucid Group naming Silvio Napoli as its new chief executive officer and announced $750 million of fresh investment from its two biggest backers.
-Herman Chan, Senior Analyst, US Banks for Bloomberg Intelligence, discusses U.S bank earnings. Wall Street banks reported at least $100 billion of exposure to private-credit firms, an industry with many investors on edge over credit quality and the growing impact of artificial intelligence.
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