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Bill Ackman’s long-awaited public market entry debuted Wednesday, marking a smaller but still ambitious step toward building an investment platform like Berkshire Hathaway.The Pershing Square Capital Management founder’s comprehensive initial public offering raised $5 billion, but the price was set at the low end of expectations after marketing the deal with an initial target of $5 billion to $10 billion. The proceeds are a far cry from the company’s original ambition to raise up to $25 billion two years ago.This transaction created two separately traded entities on the New York Stock Exchange. One is Pershing Square USA Ltd., a closed-end…

Meta CEO Mark Zuckerberg during the MetaConnect event on September 17, 2025 in Menlo Park, California.David Paul Morris | Bloomberg | Getty Imagesas meta While funding for artificial intelligence is increasing, the company’s Metaverse efforts continue to drain money. Meta revealed in its first-quarter earnings report Wednesday that its Reality Labs division posted an operating loss of $4.03 billion on revenue of $402 million. Wall Street had expected a loss of $4.82 billion on revenue of $488.8 million in the first quarter.Meta’s Reality Labs division, which develops virtual reality and augmented reality technology and wearable devices, has posted cumulative operating…

U.S. House of Representatives Minority Leader Hakeem Jeffries (D-N.Y.) speaks during his weekly press conference at the Capitol on March 19, 2026 in Washington, DC, USA. Nathan Howard | ReutersCongressional Democrats vowed Wednesday to fight the Supreme Court’s decision to throw out Louisiana’s voting map with the limited powers of the House and Senate minorities.“Today’s decision by this unjust Supreme Court majority is aimed at undermining the Voting Rights Act and undermining the ability of communities of color across the country to choose their own candidates,” House Minority Leader Hakeem Jeffries, D-Den., said Wednesday at a Congressional Black Caucus press…

Canada’s Prime Minister Mark Carney took office last year amid a series of aggressive actions by his southern neighbor. Recently inaugurated U.S. President Donald Trump has threatened to impose tariffs on Canadian exports and make the U.S. neighbor the nation’s 51st state.The move was particularly egregious because Canada not only has deep trade and security ties with the United States, sending nearly 80 per cent of its exports to that market, but also often aligns itself with geopolitical and strategic moves.Recommended stories list of 4 itemsend of listAll of that was thrown out the window when Trump took office, and…

Scottie Scheffler said he would consider getting more input on selecting future Team USA Ryder Cup captains if asked to contribute by the PGA of America.On Friday, Jim Furyk was announced as Team USA’s captain for the 2027 tournament at Adair Manor. The 2003 U.S. Open champion also served as captain in 2018, when Team USA lost to Europe in Paris. Tiger Woods was the frontrunner to replace Keegan Bradley, but he was removed from consideration after deciding to take a break from golf following a car accident in March. image: Furyk becomes one of only four men to serve…

Google added 25 million more paid subscriptions to its services in the past quarter, parent company Alphabet announced in its first-quarter earnings report Wednesday. The company said it now has 350 million paid subscriptions across its services, up from 325 million in Q4 2025, with plans for YouTube and Google One (the company’s cloud storage and subscription service) driving recent growth. The earnings report doesn’t highlight Gemini’s subscriber numbers or monthly active users. But access to Gemini’s advanced features is bundled with Google One plans, and the plans are expanding. The lack of hard numbers may suggest that the Gemini…

Uber We are entering the travel industry. The company announced several new products Wednesday at its annual Go-Get event in New York as it seeks to attract more users to its platform and differentiate itself beyond its core ride-hailing business.Rather than focus on an ambitious bet on self-driving cars, Uber has used its annual product showcase to feature new areas like hotel booking and shopping, as it seeks to position itself as an all-in-one super app. In addition to self-driving cars, Uber’s bets include freight transportation, chauffeur services, skiing, and more. The company is also expanding its grocery delivery services…

Amazon Web Services CEO Matt Garman speaks at the AWS re:Invent conference in Las Vegas on December 3, 2025.Noah Berger | AWS | ReutersAmazon Web Services posted 28% revenue growth in the first quarter, beating analysts’ expectations as the cloud infrastructure leader increased its investment in Anthropic and prepared to work more closely with OpenAI.Amazon said in its Wednesday earnings call that AWS revenue for the period rose to $37.59 billion from $29.27 billion in the year-ago period. Analyst estimates compiled by Street Account were for $36.64 billion. The division accounted for nearly 21% of the parent company’s total revenue.AWS…

Chris Billam-Smith will be appearing on Sky Sports when he boxes in his hometown of Bournemouth on June 6th.However, his opponent, Ryan Rozicki, is a fierce puncher and strong operator who promises to put Billum Smith into a serious fight. That could make for a tense night for trainer Shane McGuigan. “Our problem with Chris is he’s always on a tear,” McGuigan told Sky Sports. fascinate This content is provided by fascinatecookies and other technologies may be used. To view this content, you must allow cookies. You can change the settings and enable it using the buttons below. fascinate Use…

Google Cloud, the enterprise AI solutions company owned by parent company Alphabet, had a successful first quarter, with revenue exceeding $20 billion at one point and a 63% increase over the same period last year. But investors who attended the company’s earnings call expressed concerns about constraints surrounding the business and how Google decides to allocate cloud capacity. The company said cloud growth in the first quarter of 2026 was driven by strong performance from Google Cloud Platform, which grew faster than revenue growth for the entire Google Cloud division. (The cloud division includes a variety of services such as…