Amazon is searching for a home for its second headquarters in North America. The company expects to create as many as 50,000 high-paying jobs, and cities are lining up to try and win over the tech giant. Governor Chris Sununu of New Hampshire joined us to share the state's strategy for bringing Amazon onto its home turf.
Governor Sununu breaks down what New Hampshire has to offer that other states don't. He emphasizes that he doesn't need to offer big tax breaks like other places, because there is no income tax in New Hampshire. The Governor says Amazon would get all the "benefits of Greater Boston without all the headaches."
Republicans are celebrating the passage of the tax reform bill, which will lower the corporate tax rate. Governor Sununu says this is "just a drop in the bucket" and is one of many factors going into New Hampshire's plan to get Amazon on board. He highlighted that Amazon won’t have to pay a penny for sales tax, resulting in hundreds of millions of extra dollars saved.
Oracle soars as it cashes in on the AI boom, Plus: Starbucks shares continue to fall under its new CEO, and does anybody actually want a new iPhone Air?
Swedish buy now, pay later company Klarna is making its highly anticipated public debut on the New York Stock Exchange Wednesday, the latest in a run of high-profile initial public offerings this year. The offering priced at $40 Tuesday, above the forecasted range of $35 to $37 a share, valuing the company at more than $15 billion. The valuation easily makes Klarna one of the biggest IPOs so far in 2025, which has been one of the busier years for companies going public. Other popular IPOs so far this year include the design software company Figma and Circle Internet Group, which issues the USDC stablecoin..
Oracle co-founder Larry Ellison wrested the title of the world’s richest man from longtime holder Elon Musk early Wednesday as stock in his software giant rocketed more than a third in a stunning few minutes of trading. That is according to wealth tracker Bloomberg. A college dropout, the 81-year-old Ellison is now worth $393 billion, Bloomberg says, several billion more than Musk, who had been the world’s richest for four years. The switch in the ranking came after a blockbuster earnings report from Oracle. Forbes still has Musk as the richest, however, valuing his private businesses much higher.