MARKET OPEN: A better night on Wall Street to bring cheer

Tue, 15 Sep 2020

A slightly better night on Wall Street on signs of progress with a covid-19 vaccine and some multi-billion deals will cheer local investors. Nvidia Corp lifted on plans to buy UK-based chip designer Arm from Japan’s SoftBank Group Corp for as much as US$40 billion, while Oracle gained after it confirmed its name was submitted by TikTok parent ByteDance to serve as the "trusted technology provider" for TikTok in a proposal given to the US Treasury Department, MarketWatch reported. That move beat Microsoft Corp in a deal structured as a par...

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