The more attention Howard Schultz’s nascent candidacy gets, the greater the likelihood that Starbucks customers will buy their lattes elsewhere, our columnist says. Source: NYT > Business – JEFF SOMMER
Norway Moves to Sell Some Oil and Gas Shares From Wealth Fund
The proposal regarding the country’s $1 trillion of holdings could increase concerns among investors about the risks of owning such stocks. Source: NYT > Business – STANLEY REED
Before Lyft’s I.P.O., a Chance for Investors to Kick the Tires
Lyft, the ride-sharing company, unveiled the prospectus for its initial public offering. It leads a wave of well-known tech start-ups that plan to go public this year. Source: NYT > Business – KATE CONGER and MICHAEL J. de la MERCED
EBay to Consider Selling StubHub Amid Peace Deal With Activist Hedge Funds
The online retailer said it would consider parting with the ticket-sales service and its classifieds business as part of settlement with Elliott Management and Starboard Value. Source: NYT > Business – MICHAEL J. de la MERCED
Uber and Lyft Said to Offer Drivers a Chance to Participate in I.P.O.s
The ride-hailing companies intend to set up programs to give cash to some of their drivers, enabling them to buy company stock ahead of an initial public offering. Source: NYT > Business – KATE CONGER
Big Pharma’s Hunt for New Drugs Is Pushing Up Cost of Deals
Just two months into the year, the value of acquisitions of American biotech companies has already exceeded last year’s total. Source: NYT > Business – STEPHEN GROCER