(Reuters) -Spotify's founder-CEO Daniel Ek will become executive chairman in January, the Swedish music streaming company said on Tuesday as it named longtime executives Gustav Soderstrom and Alex Norstrom as co-CEOs. Ek, who has served on Spotify's board since 2008, will focus on capital allocation and long-term strategy in what the company called a European-style chairman role. Here are five key facts about Spotify's new co-CEOs: GUSTAV SODERSTROM * Soderstrom holds a Master of Science degree in elec ...

UK-based bioplastics company Xampla has collaborated with the National Physical Laboratory (NPL) to develop a test that confirms the company’s claim that its Morro materials are plastic-free and exempt from the Single-Use Plastics Directive (SUPD). These materials are derived from natural plant polymers. The validation followed collaboration between NPL and Xampla through the Measurement for Business (M4B) programme, which focused on creating a method to verify plastic-free claims. The outcome provides ...

San Francisco-headquartered Anchorage Digital said on Tuesday it will add Solana swap and liquidity aggregator Jupiter to Porto, its institutional self-custody wallet, as the crypto bank expands services for traditional finance clients engaging with DeFi. The integration is intended to simplify crypto-to-crypto swaps and other DeFi processes within Porto’s dashboard, reducing reliance on external applications, while also improving Solana liquidity by cutting trade slippage, or the gap between expected and ...

David Berg learned a lot about the waste management industry by driving a garbage truck around the country as the first employee at Ohio-based Brattle Motors. He discovered that despite the sheer number of sales prospecting platforms, selling to the waste management industry is still an offline endeavor. “All of them had a unanimous way of going to market, which was old school ways of pen and paper, door-to-door knocking, [and] little-to-no technology on both CRM prospecting or any bit of the sales funn ...

Key Points CRISPR Therapeutics has a couple of pipeline candidates with massive opportunities. The company has already shown that it can get approval for its gene-editing medicines. Despte sizable upside potential for the stock, investors should proceed with caution. 10 stocks we like better than CRISPR Therapeutics › Becoming a millionaire through stock investing is possible, but it requires patience, discipline, and the acumen to make informed investment choices. Not every company can generate ...

EchoStar Corp. shares jumped after news that the satellite-TV company is engaged in talks to sell some of its wireless spectrum to Verizon Communications Inc. The talks involve EchoStar’s AWS-3 licenses, valuable for carrying 5G wireless signals, according to people familiar with the situation, who asked to not be identified because the discussions are private. Most Read from Bloomberg EchoStar put a carrying value of $9.8 billion on the spectrum, according to a regulatory filing. The company sold licen ...

CoreWeave Inc. (NASDAQ:CRWV) surged after it disclosed in a regulatory filing that it has entered into a multibillion-dollar agreement with Meta Platforms Inc. (NASDAQ:META) for cloud computing capacity valued at up to $14.2 billion. According to an 8-K filing with the SEC, the agreement was executed on September 25 under the companies' existing Master Services Agreement, effective as of December 2023. Meta has committed to payments of approximately $14.2 billion through December 14, 2031, with the opti ...

Diamond Hill Capital, an investment management company, released its “Select Strategy” second-quarter 2025 investor letter. A copy of the letter can be downloaded here. Markets rebounded from a sharp downturn at the start of April following the President’s “Liberation Day” tariffs announcement. As measured by the Russell 3000 Index, US stocks rose approximately 11%. Large-cap stocks saw the highest increase this quarter, rising just over 11%, while small-cap and mid-cap stocks gained approximately 8.5% each ...

TimesSquare Capital Management, an equity investment management company, released its “U.S. Mid Cap Growth Strategy” second-quarter 2025 investor letter. A copy of the letter can be downloaded here. During the quarter, the fund returned 13.13% (gross) and 12.91% (net), compared to the Russell Midcap® Growth Index’s 18.20% return. Equities recorded double-digit returns in the second quarter as global economic activity measures lifted. In addition, please check the fund’s top five holdings to know its best pi ...

Tether may become the world’s most profitable company if the stablecoin issuer continues its explosive growth trajectory, according to Bitwise Chief Investment Officer Matt Hougan. In a September 29 investor memo, Hougan suggests that Tether could surpass even Saudi Aramco’s record-breaking $120 billion profit from 2024, which is the most lucrative year in corporate history. Hougan’s analysis hinges on Tether reaching $3 trillion in assets, which would represent approximately 3% of the global money suppl ...