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Bill Gates has a short position against Tesla Inc. that would now need between $1.5 billion and $2 billion to close out, Elon Musk said Friday in a series of tweets.

Apple Silicon manufacturer TSMC is reportedly in talks to build a major new fabrication facility in Asia, as part of measures to address the global chip shortage.As its new $12 billion plant in Arizona is delayed, TSMC is said to be having preliminary talks with Singapore's Economic Development Board about building a new facility there.According to the Wall Street Journal, no decision has been made yet, but TSMC is negotiating for the local government to help fund the project. Reportedly,...

Musk reiterated his criticism of Bill Gates and advised Jeff Bezos to spend "less time in the hot tub" and partying "if he wants to get to orbit."

Broadcom’s purchase of VMware will be one of the

Broadcom to acquire VMware in $61 billion deal

Broadcom Inc. said Thursday morning that it has reached an agreement to acquire VMware Inc. . The deal values VMware at about $61 billion and will see Broadcom assume roughly $8 billion of VMware's net debt. VMware shares had surged 25% in Monday trading after media reports suggested a deal was imminent, and the stock was up 0.3% in premarket trading Thursday. Broadcom's stock was up 1.6% premarket. Broadcom said in a release that once the deal is complete, the company plans to operate its...

Animal health company Covetrus Inc. said Wednesday it agreed to be taken private by Clayton, Dubilier & Rice (CD&R) and TPG Capital in a deal valued at $4 billion. The two private equity firms agreed to pay $21 a share, which is $1.34 or 6.8% over its closing price of $19.66 a share on Tuesday and a 39% premium over its 30-day volume weighted average price per share as of the unaffected stock price as of May 13. CD&R partner Sarah Kim said the firm is "excited to have this...