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Fox Chapel Area set to stream Songs for a New World, vignettes about overcoming adversity

In what seems a fitting theme for a pandemic year, a cabaret filled with vignettes about survival will replace the traditional spring musical at Fox Chapel Area High School. Students will stream “Songs for a New World,” comprising pre-recorded short pieces about struggles and success, during four shows April 15-18.

Breakingviews - Corona Capital: Peloton, Star SPAC, Italian bank

- Intesa Sanpaolo earnings HUFFING AND PUFFING. Peloton Interactive’s shareholders are riding into the sunset. The $42 billion exercise equipment and virtual workout service said its subscriber base shot up more than 130% in the quarter ended Dec. 31 compared to the same quarter in 2019. Its market capitalization per subscriber has increased about as much, too. Each Peloton customer is worth more than $26,000. That’s roughly 24-fold the value Netflix shareholders ascribe to their subscribers. It may be in part attributed to Peloton’s astronomical growth, and its recent purchase of Precor to help manufacture its bikes. But the company is now running up a game of numbers. Even if the value of Peloton’s users stays the same, growing subscribers at twice the clip again would imply an equity value of more than $80 billion. That’s four Nautilus, plus three Beyond Meat, plus a Lululemon Athletica. (By Lauren Silva Laughlin)

Breakingviews - Corona Capital: IMF forecasts, Italian politics

Breakingviews 6 Min Read NEW YORK/MILAN/LONDON/HONG KONG (Reuters Breakingviews) - Corona Capital is a column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights. George Washington is seen with printed medical mask on the one Dollar banknotes in this illustration taken, March 31, 2020. REUTERS/Dado Ruvic/Illustration LATEST - Warner Music’s deal for a song TYCOONS GO STREAMING. Len Blavatnik’s Warner Music may take a stake in Rotana Music, owned by fellow billionaire and Saudi Arabian Prince Alwaleed bin Talal, the Wall Street Journal reported on Tuesday. If it happens, it will be about the growth of digital music and, for Warner, the chance to reach a new demographic across the Middle East.

Breakingviews - Corona Capital: Bank of America, Halliburton, NBA

Breakingviews 9 Min Read NEW YORK/LONDON/HONG KONG/ZURICH (Reuters Breakingviews) - Corona Capital is a column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights. A Bank of America logo is pictured in the Manhattan borough of New York City, New York, U.S., January 30, 2019. REUTERS/Carlo Allegri LATEST - NBA valuation rankings FOUR LEGS GOOD. If bad debts were an animal, what would they be? Perhaps a dragon that may rear its head, or a dog that might bark. Bank of America boss Brian Moynihan picked a different analogy as he delivered the U.S. bank’s fourth-quarter earnings on Tuesday: non-performing loans during Covid-19 have, he said, been like a mouse passing through a snake. In other words, they swelled, but only a little, then eased.

Breakingviews - Corona Capital: Satellites, Shoes

Breakingviews 6 Min Read LONDON/NEW YORK/HONG KONG (Reuters Breakingviews) - Corona Capital is a column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights. A scale model of an Airbus OneWeb satellite and its solar panel are pictured as Airbus announces annual results in Blagnac, near Toulouse, France February 14, 2019. REUTERS/Regis Duvignau LATEST - Footwear winners and losers REVERSE THRUST. Masayoshi Son’s vast investment universe is spreading to past flops. The SoftBank chief executive is pouring cash into OneWeb, the satellite startup which he pushed into bankruptcy last year after pulling the plug on a funding package. The British government and Indian telco Bharti Global subsequently bought it out of Chapter 11 for $1 billion. OneWeb now claims $1.4 billion of funding, including $50 million from America’s Hughes Network Systems, which implies SoftBank is putting in $350 million.

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