Here is your daily 2-minute round-up of the most interesting financial news:
China is surpassing the U.S. in nuclear power. Although the U.S. currently has larger capacity, China is catching up quickly and is set to overtake it within the next decade.
An investigation has been launched after a Southwest Airlines Boeing 737 MAX 8 dropped 'within 400ft' of the Pacific Ocean. Boeing's new CEO, once appointed, will have a challenging task ahead. The Wall Street Journal has reported that several high-profile candidates, including GE boss Larry Culp, have declined the position.
Activist investor Starboard Value has acquired a $500 million stake in AutoDesk and is calling for changes to the company's board, claiming a recent investigation "makes clear the extent to which the company misled shareholders." They also argue for improved margins and profitability. The share price jumped 5.2% on the news.
Apple is going to stop offering Apple Pay Later.
Google's CEO Sundar Pichai has been testifying in the case concerning the failed startup Ozy Media. He denied claims by Ozy Media co-founder Carlos Watson that Google ever considered buying the media company. Early investors in Ozy Media included Laurene Powell Jobs, the billionaire widow of Steve Jobs.
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