Over the wall 📶
Private offer: Evercore sees private equity deals returning as funds seek capital for partners.
Real budget: The University of California is paying $700 million for redeveloped offices previously used for Google to convert to a research park.
One way: China’s air travel market is set to ramp up for more direct China to US flights.
Upping the goal: TikTok is looking for 10x growth from its US e-commerce business to as much as $17.5 billion in 2024.
Political jab: Wall Street financial entities are protecting their China operations to minimize risk because of political tensions.
Korean rush: About $18.8 billion of investment funds flowed into South Korea in 2023 (3.4% increase from the previous year).
More ads: Amazon’s push into video advertising will boost annual revenue by an estimate of $5 billion according to Bank of America.
German engineering: Private equity spending in Germany dropped about 50% in 2023.
Energy spent: APA agreed to buy Callon Petroleum for $2.6 billion.
Health acquisition: Elevance Health agrees to buy Paragon Healthcare.
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