PRESS DIGEST- Financial Times - March 14
The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines
- Venture capitalists weigh SVB salvage operation - US capitalism is 'breaking down before our eyes', says Ken Griffin
- Carl Icahn takes aim at genome sequencer Illumina over Grail deal - Volkswagen picks Canada for battery plant after being lured by US green incentives
Overview - Venture capital firms are working on a "long-shot plan" to preserve parts of Silicon Valley Bank in a move to keep servicing their clients in the technology sector, people briefed on the effort told Financial Times.
- The U.S. central bank's rescue package for Silicon Valley Bank shows that American capitalism is "breaking down before our eyes," Citadel founder Ken Griffin told Financial Times in an interview. - Carl Icahn on Monday launched a proxy battle against Illumina Inc, criticising the biotechnology company's acquisition of cancer test developer Grail.
- Volkswagen AG on Monday chose Canada to build its first battery cell plant outside Europe as it works to roll out electric vehicle production chain in the region. (Compiled by Bengaluru newsroom)
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)