UK regulator to launch review of private market valuations
Financial Conduct Authority will examine ‘disciplines and governance’ as concerns over potential blow-ups increase
Financial & markets regulation
US car dealer AutoNation sets up bidding war for Pendragon
One of UK’s largest dealerships says it will consider £447mn offer
Mergers & Acquisitions
Amazon & the FTC
Investors seem to agree with Lina Kahn
Ecommerce
Chinese battery groups invest in Morocco to serve western markets
North African country emerges as bridge to US and Europe that reduces risk for producers
Batteries
Olympique Lyonnais seeks to raise €300mn and sell assets in turnaround push
New owner John Textor says he wants to sell ‘non-core assets to focus on football’
Mergers & Acquisitions
Space needs a sustainable insurance industry
Mishaps rise amid growing congestion of the thousands of satellites in low earth orbits
Space industry
Amazon: Lina Khan’s ultimate test
Plus, Disney and Comcast to spar over Hulu’s price and JPMorgan settles some of its legal woes over Jeffrey Epstein
Mergers & Acquisitions
Why Linda Yaccarino took on the wildest job in Silicon Valley
Can the chief of the company formerly known as Twitter survive Musk’s chaos and win back advertisers?
Advertising, Social Media
Developer halts onshore wind farm due to rising costs and windfall tax
Scottish renewable project paused in latest blow to UK green power development
Renewable energy
Nigeria’s Senate confirms new central bank governor amid currency rout
Former Citi executive Olayemi Cardoso faces task of stabilising naira and settling $6.8bn foreign exchange obligations
Central banks