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18:35
Report: SpaceX plans to adopt a dual-class share structure in its IPO to strengthen Elon Musk's controlThis strategy coincides with the plan previously conceived by its billionaire founder Musk for Tesla. This dual-class structure would grant certain shareholders stocks with extra voting rights, enabling them to dominate the decision-making process. Such a move would allow insiders like Musk to maintain absolute control over the company even while holding only a minority stake. The company is also currently adding board members to help steer the IPO and to drive Musk's space ambitions beyond the core rocket and satellite business. (Bloomberg)
18:33
The Board of Directors of Chemed Corporation recently announced two significant capital allocation decisions: authorizing an additional stock repurchase program of up to $300 million, while maintaining the quarterly cash dividend at $0.60 per share.This move highlights the company's ongoing commitment to shareholder returns and reflects management's confidence in future cash flow generation. The expansion of the stock repurchase program will provide the company with greater flexibility to optimize its capital structure by timely repurchasing outstanding shares. Meanwhile, a stable dividend policy continues to offer investors predictable cash flow returns. The combination of these two decisions not only demonstrates the company's robust financial strength, but also conveys a positive outlook for its long-term growth prospects.
18:25
The Federal Reserve's reverse repo operation accepted $377 million from 3 counterparties.The Federal Reserve accepted $37.7 million from three counterparties in its fixed-rate reverse repurchase operations.
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MoreReport: SpaceX plans to adopt a dual-class share structure in its IPO to strengthen Elon Musk's control
The Board of Directors of Chemed Corporation recently announced two significant capital allocation decisions: authorizing an additional stock repurchase program of up to $300 million, while maintaining the quarterly cash dividend at $0.60 per share.
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