Funding & Business
VC-Backed Firms Head for Fewest US IPOs in a Decade, PitchBook Says
Venture capital-backed companies are on track for the fewest US initial public offerings in a decade, according to data provider PitchBook, even as stock markets hit records and the overall number of divestments continues to climb.
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Benchmark copper futures fell in London after US President Donald Trump said he planned to implement a 50% tariff on imports, a move that’s likely to spark further upheaval in global metal markets.
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Gold held a decline after President Donald Trump said the new August deadline for the start of so-called “reciprocal” tariffs won’t be delayed, with nations expected to use the extended window to continue negotiating with the US.
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Oil steadied as traders weighed signs of swelling US crude stockpiles and the fallout from President Donald Trump’s tariff regime.
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