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Mercedes Profits Hit by Competition, China Slump Mercedes-Benz Group AG’s key gauge of profitability slid to 4.7% in the third quarter, undershooting the company’s minimum target of 8%. The company plans to step up cost improvement measures after fierce competition and weaker demand in China hit the luxury-car maker’s profits. Bloomberg’s Oliver Crook reports. #press
Odd Lots Newsletter: There’s Something Happening With The Three Cs Hello and welcome to the weekly Odd Lots newsletter, where Joe Weisenthal and Tracy Alloway bring you their thoughts on the most interesting developments in markets, finance and the economy. #press image
Canva Takes On Adobe With Work Tools to Speed Up Growth Canva unveiled a new suite of design tools for enterprise users, seeking to lure some of rival Adobe’s biggest customers and accelerate revenue growth. Canva Co-Founder Cameron Adams joins Ed Ludlow on "Bloomberg Technology." (Source: Bloomberg) #press
Waystar Said to Plan $950 Million IPO Launch as Soon as Tuesday Health-care payments software firm Waystar Holding Corp. is moving ahead with a planned US initial public offering that’s expected to launch as soon as Tuesday, according to people familiar with the matter. #press image
Allegra Stratton and Ailbhe Rea: The End of an Era? Hi there, welcome to The Readout. Until the general election on July 4, The Readout will be co-written by Allegra Stratton and Ailbhe Rea alongside other colleagues from the newsroom, giving you extra perspective and analysis as the campaigns unfurl. Hope you enjoy it. #press image
Outgoing South African Minister on Election Prospects Minister of Public Enterprises Pravin Gordhan announced that he'll be retiring from government after decades of serving in various ministerial posts as part of the African National Congress. In his most recent role, he oversees state-owned enterprises including the likes of Eskom, South African... #press