Pinterest, the social bookmarking platform, on Friday filed for an IPO that should result in its shares being traded next month on the New York Stock Exchange.
Big picture: Pinterest is one of several 2019 IPO hopefuls that have remained private longer than have past generations of tech startups, thanks largely to a ready flow of investor capital. The San Francisco-based company was founded over a decade ago, and has raised nearly $1.5 billion (most recently at a $12.3 billion valuation).
Barring a last-minute deal, millions of DirecTV customers will lose access to roughly two dozen Viacom channels like Nickelodeon, Comedy Central and VH1 at midnight Friday night because of a distribution dispute between DirecTV's parent company AT&T and Viacom.
Brazil's last 3 presidents have not fared well legally, but its market has managed to remain stable.
Why it matters: The country's stock market has largely shaken off political turmoil as investors continue to believe in a widely unpopular pension reform current President Jair Bolsonaro has backed in an effort to repair Brazil's highly overleveraged and underfunded budget.
The former senior vice president of Rubert Murdoch’s News Corp., Joseph Azam, revealed to NPR on Thursday why he felt compelled to exit the company in 2017, saying he left due to the method by which Fox News covered Muslims, immigration, and race.
The big picture: Fox News has been facing a barrage of criticism in recent days over its handling of Muslim issues in particular. A news producer said she quit Sky News Australia — a cousin company of Fox News — last weekend because of its coverage of Muslims following the fatal shooting at 2 Christchurch, New Zealand mosques. New Zealand also pulled Sky News Australia from the air over its coverage of the massacre as well. This comes days after Fox News had to rebuke one of its star anchors, Jeanine Pirro, for her suggestion that Rep. Ilhan Omar (D-N.Y.) followed Sharia law just because she wore a hijab.
Cesar Sayoc pleaded guilty on Thursday to 65 criminal counts for sending pipe bombs to 16 critics or opponents of President Trump, including Hillary Clinton, Joe Biden, billionaire George Soros and 2 CNN bureaus, the AP reports.
Details: Prosecutors cited evidence connecting the 57-year-old Florida man to the crime that included DNA linking and fingerprints. Sayoc, who was charged with using weapons of mass destruction and illegal mailing of explosives with intent to kill, still faces a possible life sentence, but will no longer go on trial as scheduled in July.
Lion Air of Indonesia reportedly is prepping a domestic IPO that could raise upwards of $1 billion.
Why it matters: The news comes less than five months after a Lion Air flight crashed, killing all 189 people aboard and sparking the investigation into Boeing's 737 MAX aircraft line.
President Trump roiled markets yesterday when he said his administration would likely keep tariffs on Chinese goods until he's certain Beijing is fully cooperating with the terms of a trade deal. That could mean years of negotiation, acrimony and tariffs, given the nature of the changes being discussed.
The big picture: A trade agreement between Trump and Chinese President Xi Jinping is just one piece of a wide-ranging confrontation between the world's top economies.
More than 90% of doctors and other clinicians participating in Medicare's new payment system received bonuses in the first year of its rollout. That includes 71% who were "exceptional," according to a report from the Centers for Medicare & Medicaid Services.
The big picture: The goal of this system is to encourage doctors, nurse practitioners and others to provide better care.
