Sources: Klarna seeks a $13B to $14B valuation in its IPO next month, selling shares for $34-$36 as early as this week; Klarna sought a ~$50B valuation in 2021 (Reuters) reuters.com/business/klarn… techmeme.com/250826/p13#a25… 📫 Subscribe: techmeme.com/newsletter?fro…

The Honey Deuce at the U.S. Open is the best cocktail in sports — and the numbers back it up. 2024 U.S. Open Sales 556,782 Honey Deuces x $23 each ———— = $12.8 million They raised the price by a dollar last year and still sold 100,000 more drinks. Pure insanity.

Can't afford it.

India's wealthiest tycoon is leaning on family and friends to navigate perilous geopolitical waters, writes Andy Mukherjee (via Bloomberg Opinion) bloomberg.com/opinion/articl…

OG political predictions market, @predictit (& Aristotle), just got CFTC approval to launch a regulated exchange, after years of litigation. bloomberg.com/news/articles/…

Cool chart from Jeu, Set et Maths The flags of the winners of the 230 Grand Slam women's singles titles since the start of the Open era

Former President Joe Biden is having a less lucrative postpresidency than what he’d expected, owing to his advancing age, unpopularity and limited speaking engagements on.wsj.com/4mlY9m9

OpenAI is setting up for an initial public offering with a possible valuation reaching $1 trillion, marking a significant milestone in IPO history, sources say reut.rs/47fLzAR

Exclusive: FBI searched California real estate firm linked to bad bank loans via Reuters reuters.com/legal/governme…

Really well-done story by The Harvard Crimson.

SCOOP: Summers will IMMEDIATELY LEAVE his role as an instructor at Harvard while the University investigates his ties to Epstein. He will also resign as director of the Mossavar-Rahmani Center. More, as always, in The Harvard Crimson thecrimson.com/article/2025/1…

“At my age, you make new friends, or you don’t have any friends,” Charlie Munger during in his last, eventful years. wsj.com/finance/invest…

The cost of protecting Oracle’s debt against default reached its highest since March 2009 yesterday, with the cost more than tripling since June. bloomberg.com/news/articles/…

DTCC: credit default swaps tied to a handful of US tech groups have climbed 90% since early September, as investors seek ways to protect against an AI debt bust (Financial Times) ft.com/content/c5f938… techmeme.com/251215/p9#a251… 📥 Send tips! techmeme.com/contact

Exclusive: Tesla board made $3 billion via stock awards that dwarfed tech peers (Reuters) reuters.com/sustainability…

Exclusive: Nasdaq seeks to extend trading hours, as Wall Street gears up for 24/7 move reuters.com/business/finan…

Nasdaq is planning to submit paperwork with the US Securities and Exchange Commission on Monday to roll out round-the-clock trading of stocks, Reuters reports. bloomberg.com/news/articles/…

Cord-cutting is over!!!

Zaslav told WBD board the Ellisons told him he would receive a comp package worth 100s of millions dollars in a deal. Zaslav told board that he had “informed the Ellisons that it would be inappropriate to discuss any such arrangements at that time” nytimes.com/2025/12/17/bus…

Exclusive: The US Federal Trade Commission is probing Instacart, as the retail platform faces criticism over its artificial intelligence-driven pricing tool reut.rs/3YDU2sc