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Lee Enterprises Lists and Begins Trading on Nasdaq

Press release content from Globe Newswire. The AP news staff was not involved in its creation. Lee Enterprises Lists and Begins Trading on Nasdaq Lee Enterprises Inc.April 19, 2021 GMT DAVENPORT, Iowa, April 19, 2021 (GLOBE NEWSWIRE) Lee Enterprises, Incorporated (NASDAQ: LEE), a major subscription and advertising platform and a leading provider of high quality, trusted, local news and information in 77 markets, today announced that it has completed the transfer of its stock exchange listing to the Nasdaq Global Select Market. Effective today, Lee has commenced trading as a Nasdaq-listed security under the symbol “LEE.” “Today is an important milestone as we embark on the next chapter of Lee’s growth alongside some of the world’s most innovative and pioneering technology leaders,” said Kevin Mowbray, President and Chief Executive Officer. “As we accelerate our digital transformation, we believe this move enhances our visibility as a leading digital news and infor

J&J, Morgan Stanley, Coinbase: Stocks That Defined the Week

Provided by Dow Jones By Francesca Fontana Johnson & Johnson Johnson & Johnson s rollout of its Covid-19 vaccine has hit another snag. U.S. health authorities Tuesday recommended a pause in the use of J&J s shot after finding that six women who got the vaccine had developed blood clots and one died. The development comes after a quality lapse at a manufacturer recently affected about 15 million doses of the vaccine s main ingredient. J&J shares added 0.3% Wednesday. Microsoft Corp. Microsoft is extending its run of big acquisitions. The tech giant has agreed to buy artificial-intelligence company Nuance Communications Inc. The $16 billion all-cash deal is Microsoft s second-largest acquisition under Chief Executive Satya Nadella, after the company in 2016 spent about $26 billion for professional network LinkedIn. The pursuit of Nuance comes as rivals Facebook Inc., Amazon.com Inc. and Alphabet Inc. s Google might be distracted by antit

Coinbase s $86bn Valuation Has Been Grossly Exaggerated by Misleading Media

Coinbase shares closed at $327 on their Nasdaq debut, giving the crypto exchange an initial market cap of $86bn on a fully diluted basis. Fully diluted refers to the total number of common shares outstanding and available to trade on the open market after all possible sources of conversion. But some feel this measure gives an inaccurate valuation as it includes options and restricted stock, therefore overstating the number of shares used in the valuation. In the buildup to the IPO, some analysts expected Coinbase to achieve a $100bn valuation. While its closing valuation wasn’t a million miles away, it was still less than expected.

Big banks report record 1Q earnings; Coinbase shines in stock market debut

Big banks report record 1Q earnings; Coinbase shines in stock market debut
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