Dec 11, 2019

NYSE files new direct listings proposal

Photo: Scott Heins/Getty Images

The New York Stock Exchange on Wednesday filed a new proposal with federal regulators, aimed at allowing companies to raise money via direct share listings.

Details: The proposal has slightly different numbers than the original effort, which the SEC rejected last week, but still would help companies go public without relying on Wall Street banks to price their shares.

Go deeper: NYSE proposes allowing companies to raise capital in direct listings

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Companies to their regulators: See you in court

Illustration: Eniola Odetunde/Axios

It's normal for regulators to take on the companies it oversees. What's rarer is the opposite: entities taking their regulators to court — but that might be changing.

Why it matters: The legal showdowns between companies and regulators show just how far big business is willing to go to fight regulations that could dent profits.

Go deeperArrowDec 19, 2019

General Motors, Ford among new funders of carbon tax push

More companies from across the corporate spectrum are joining a long-shot advocacy effort to pass a carbon tax in a bitterly divided Congress.

Driving the news: General Motors, Ford, IBM and two electricity companies — Calpine Corporation and Vistra Energy — are putting money toward a lobbying campaign that would put a price on CO2 emissions and refund revenue back to consumers.

Go deeperArrowDec 19, 2019

As economy booms, Wall Street bonuses shrink

llustration: Aïda Amer/Axios

Brace yourself: New York city officials estimate the pool of money allocated to bonus payouts by Wall Street firms will shrink by at least 9% this year — to about $25 billion from the $27.5 billion doled out in 2018.

Why it matters: A surging stock market and low unemployment rate don’t mean that bonuses in the securities industry will keep growing and growing.

Go deeperArrowDec 12, 2019