Monday☕️
Trending:
- Maui Wildfire Update
- SoftBank Arm Deal
Markets:
- Five years of S&P 500:
- Five years of Amazon:
- Five years of Berkshire Hathaway:
- Five years of Bitcoin:
Maui Wildfire Update:
- Firefighting crews in Maui are persistently addressing flare-ups, particularly in Lahaina and inland areas. Flare-ups, as characterized by sudden accelerations in the spread or intensity of a fire, are typically short-lived.
- The death toll from these wildfires has reached 93, establishing them as Hawaii's most deadly natural disaster since its statehood in 1959. Lahaina experienced the most casualties. Overall, the wildfires have damaged or destroyed around 2,200 structures, necessitating an estimated $5 billion for rebuilding.
- Meanwhile, about 4,500 residents are seeking emergency shelter. On a brighter note, the fire that was raging near Kihei has been declared 100% contained, and another fire in Kaʻanapali was swiftly extinguished after affecting an acre of land.
- As recovery efforts continue, both the Pacific Disaster Center and the Federal Emergency Management Agency are actively involved in assessing the extent of the damage. Additionally, in a bid to understand and improve decision-making, Hawaii Attorney General Anne Lopez has launched a comprehensive review concerning the wildfires.
SoftBank Arm Deal:
- SoftBank is in talks to buy back a 25% stake in Arm Ltd, a company that designs chip technology, from its Vision Fund 1 (VF1). SoftBank plans to make Arm public on the stock market next month, aiming for a valuation of around $60-70 billion.
- If the deal goes through, major investors in VF1, such as Saudi Arabia's and Abu Dhabi's funds, could see faster returns. This move could provide a much-needed boost for SoftBank, given VF1's past financial challenges.
- SoftBank's leader, Masayoshi Son, is staying out of these negotiations to avoid conflicts. The final deal price is still undecided, and it's not guaranteed they'll reach an agreement. SoftBank initially acquired Arm in 2016 and then sold 25% of it to VF1 in 2017.
- An earlier attempt to sell Arm to another company was blocked due to regulatory concerns. With its upcoming public listing, Arm hopes to raise $10 billion. However, its revenue could face challenges due to a recent dip in smartphone sales, where its chip designs are widely used.
Statistic:
- Global Uranium Production (% share):
- 🇰🇿 Kazakhstan: 45%
- 🇳🇦 Namibia: 11%
- 🇨🇦 Canada: 9%
- 🇦🇺 Australia: 8.6%
- 🇺🇿 Uzbekistan: 7.2%
- 🇷🇺 Russia: 5.4%
- 🇳🇪 Niger: 4.6%
- 🇨🇳 China: 3.9%
- 🇮🇳 India: 1.2%
- 🇺🇦 Ukraine: 0.9%
- 🇿🇦 South Africa: 0.8%
- 🇮🇷 Iran: 0.1%
- 🇵🇰 Pakistan: 0.09%
- 🇧🇷 Brazil: 0.06%
- 🇺🇸 United States: 0.02%
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