Bloomberg
Tesla, Nio supplier CATL’s Chinese competitor sees $2bn IPO in Hong Kong
- Chinese battery manufacturer CALB Co., a rival of companies like Contemporary Amperex Technology Co Ltd. (CATL) and Warren Buffett-supports BYD Co. BYDDFhas begun measuring investor demand following its $2 billion Hong Kong IPO.
- The Jiangsu-based lithium battery maker will analyze demand for its shares from Sept. 12-22 under the terms of the deal obtained by Bloomberg.
Wall Street Journal
Deere is investing billions in self-propelled tractors and smart sprayers
- After conquering the hardware of the farming industry, Hirsch & Co EN aims to extend its dominance to software in order to increase the productivity of these machines and agriculture.
- Deere launches self-propelled tractors that can plow fields and sprayers that distinguish weeds from crops.
- Deere, which over the past two decades has helped make satellite-steered tractors universal in the US farm belt, has invested billions of dollars into developing more innovative machines to increase farm productivity.
Reuters
- Payment processors have agreed to accept an International Organization for Standardization (ISO) approved merchant code to identify gun purchases.
- The ISO on Friday approved the creation of a dealer code for arms dealers, bowing to pressure from activists who see it as a measure to track down suspicious arms purchases.
- Previously, gun shop sales were categorized as general merchandise.
Activist investor Daniel Loeb is retracting his stance on Disney’s spin-off from ESPN
- Billionaire activist investor Daniel Loeb withdrew Walt Disney Co DIS to spin off ESPN and said he had a “better understanding” of the sports television network’s growth potential.
- Disney CEO Bob Chapek recently reiterated ESPN’s value to the media company.
- Lobe is looking forward to…
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