10 / 80
8
DATA: COMPILED BY BLOOMBERG
IN BRIEF
Americas
Europe
○ During his congressional
testimony, Facebook
founder Mark Zuckerberg
saw his fortune grow by
$2.4 billion as his comments
on the recent data breach
buoyed the company’s
shares.
50
○ The value of
the ruble plunged
as a fresh round
of U.S. sanctions
took efect.
The measures, targeting some
of Russia’s richest men and the
businesses they run, led Switzerland’s
Glencore to declare
force majeure
on some aluminum contracts it has
with Rusal, a company controlled by
sanctions target Oleg Deripaska.
○ House Speaker Paul
Ryan (R-Wis.) announced
he won’t run for reelection.
Ryan made a mission of
fighting the deficit; it’s
increased every year under
his tenure, and by 2020 it’s
projected to top
$1t
The same day, John Boehner, Ryan’s
predecessor as speaker, said he’s
joining the board of Acreage Holdings,
a multistate cannabis business.
○ U.S. antitrust regulators
gave Germany’s Bayer
the OK to buy Monsanto
in a deal valued at
$62.5b
The Department of Justice
relented once Bayer agreed
to sell some of its seed and
pesticide assets to BASF.
○ Mexico’s
inflation rate
slowed in March
to 5 percent,
the lowest level
in a year.
In February the country’s central bank
raised interest rates a quarter of a
percentage point, to 7.5 percent, in a
bid to cool consumer prices.
○ Nike bought
Invertex, an Israeli
software startup,
for an undisclosed
sum. Invertex
is best known
for developing
body-scanning
technology.
○ The anonymous collector selling a Warhol
Double Elvis
and two Picassos at
Christie’s in May is, in fact, embattled gambling magnate Steve Wynn, say people
familiar with the matter. Picasso’s
Le Marin
(above) is valued at an estimated
$70 million. In March, Wynn also sold his remaining stake in Wynn Resorts.
○ Bank of America said
it will stop lending to
gunmakers that produce
assault-style weapons
for nonmilitary markets.
It becomes the second
major bank to rethink
its relationship with gun
manufacturers after the
Parkland, Fla., massacre;
in March, Citigroup said
it would ban its retail
customers from selling
bump stocks.
○ European Union antitrust
investigators seized
documents and computer
records from the London
oices of 21st Century Fox.
The raid presents a new
obstacle in Fox’s long-
delayed bid to take over
British broadcaster Sky.
Testimony
begins
Zuckerberg’s personal wealth
Testimony
ends
$64.4b
4/10
9:30 a.m.
$67.5b
4/11
4 p.m.