The Lex Newsletter: New York officials take on San Francisco’s Airbnb
One potential easy way for the accommodation site to raise revenues and margins would be to add advertising
Travel & leisure industry
Tech alliance in AI standards push to fill ‘gap’ in regulation
Microsoft, OpenAI, Anthropic and Google pick a US think-tank expert to head up their joint forum
Artificial intelligence
Bailing out central banks
The QE programme hangover
Central banks
Battery maker echoes Elon Musk warning ‘higher for longer’ rates to hit EV sales
Shares of LG Energy Solution fall to a year-low after South Korean manufacturer delivers downbeat outlook
Electric vehicles, Batteries
AirAsia chief prepares runway for New York Spac listing
Tony Fernandes’s Capital A conglomerate on fundraising campaign ahead of merger with blank-cheque company
Mergers & Acquisitions
Vinted weighs €200mn share sale as sustainable fashion booms
Europe’s top online marketplace for used clothes is working with Morgan Stanley to consider its options
Ecommerce
Shorter US settlement times have European ETFs rushing to be ready
Moving to a one-day settlement cycle is likely to increase costs for the continent’s asset managers
Financial & markets regulation
Campaigners warn EU over funds for hydrogen infrastructure
Environmental NGOs say special treatment of projects to upgrade existing gas pipelines favours fossil fuel majors
Renewable energy
Hess sale to Chevron ends a nine-decade oil family epic
Growth story that transformed North Dakota also featured boardroom battles and children’s toys
Shale Oil & Gas, Mergers & Acquisitions
Oil megadeals usher in an age of energy uncertainty
Those betting transactions by Chevron and ExxonMobil signal robust demand growth may want to think twice
Mergers & Acquisitions