Global Market developments include Major global developments, including China’s new regulations and TikTok’s US issues, are amidst significant global changes.
Alphabet’s market capitalization is above $2 trillion, TotalEnergies explores US listing, TikTok’s US shutdown may occur, and China’s new regulations may tighten investments by former employees.
TotalEnergies listing
French oil company TotalEnergies is considering a potential US listing to attract more US-based shareholders. The Paris-based company has 47% of institutional and 39% of global shareholders in the US. The company’s listing status remains uncertain.
Alphabet crosses $2 trillion
Alphabet Inc., parent company of Google, has surpassed the $2 trillion market value mark for the first time since November 2021, thanks to its first-ever dividend payout and $70-billion stock buyback program.
TikTok will shut
ByteDance, the parent company of TikTok, is considering shutting down the app instead of selling it if legal avenues to contest US app store bans are exhausted. The sale of the app with crucial algorithms is highly improbable, according to Reuters.
Paramount Global
The Redstone family and Skydance Media CEO David Ellison are reportedly preparing to make a potential change in control at Paramount Global more appealing to investors. Ellison is offering to purchase a block of Paramount shares at a premium.
China Securities Regulatory Commission
China’s securities regulator plans to increase oversight over investments by former employees in pre-IPO companies, including relatives, demonstrating its commitment to market integrity.
Must read book about investing – check here
Wall Street Update