Samsung Strike Talks Resume as South Korea Weighs Emergency Action 
Berkshire Hathaway Reveals New Stakes in Delta Air Lines and Macy’s Under Greg Abel 
US-China Trade Talks Sideline Chip Export Controls as Nvidia China Sales Draw Attention 
Alibaba Stock Surges After Strong Q4 Earnings Boosted by AI and Cloud Growth 
Anthropic Nears $30 Billion Funding Round at $900 Billion Valuation 
SoftBank Shares Slide Despite Record Q4 Profit Fueled by OpenAI Investment 
FTC Antitrust Probe Targets Arm Holdings Over Chip Licensing Practices 
BlackRock-Led GCC Infrastructure Partnership Targets $30 Billion Investment 
Asia-Pacific Banks Brace for Rising Credit Risks Amid Iran Conflict 
Alphabet Raises Record $3.6 Billion in Yen Bonds to Support AI Expansion 
Nvidia’s China AI Chip Sales Remain Frozen Despite U.S. Approval 
SpaceX Shareholders Approve 5-for-1 Stock Split Ahead of Potential IPO 
Elliott Targets Bio-Rad as Shares Continue to Struggle 
TSMC Stake Sale Sends Vanguard Semiconductor Shares Lower 
DOJ May Drop Gautam Adani Fraud Charges Amid $10 Billion U.S. Investment Plan 
YouTube and Snap Settle School District Mental Health Lawsuit Ahead of Major Social Media Trial 
Fiat Chrysler Automobiles NV unit Ferrari went public on late Tuesday, earning a market valuation of about USD900 million ahead of trading on the New York Stock Exchange on Wednesday, Detroit News said.
The Ferrari stock was priced at the top end of the market range, according to Bloomberg data, as they were offered at USD48 to USD52 each for all 17.18 million shares. Fiat Chrysler was selling off 9 percent stake of the iconic automobile brand.
Reuters said proceeds from the IPO will be used to support the ambitious growth plan of Fiat Chrysler, which will involve the revamp of its other automobile brands: Alfa Romeo, Jeep and Maserati. Should the IPO be successful, it will help Fiat Chrysler’s finances greatly at the time when it badly needs a merger partner to support it.
At the NYSE, Fiat Chrysler’s chief executive officer Sergio Marchionne will be ringing the opening bell with other company executives. The son of founder Enzo Ferrari, and Fiat Chrysler Chairman John Elkann, Vice Chairman Piero Ferrari, is expected to join in the opening. Ferrari shares will be trading under the ticker symbol RACE.
