𝗴𝗲𝘁𝗾𝘂𝗶𝗻 𝗗𝗮𝗶𝗹𝘆 𝗦𝘂𝗺𝗺𝗮𝗿𝘆 𝟭𝟲.𝟬𝟱.𝟮𝟬𝟮𝟮

Hello getquin!

Come fly with me, as we journey through today’s news. By the end, you’ll definitely be saying “I’m loving it”

(Disclaimer: there will be more news-related puns, so I’m sorry in advance)

𝗘𝘂𝗿𝗼𝗽𝗲🌍:

1. McDonald’s to exit Russia

Following 32 years in Russia, McDonald’s $MCD (+0.3%) has announced that they will be exiting Russia by selling their 847 restaurants in the country to local buyers. Last year, $MCD (+0.3%) generated around 9% ($2bn) of their revenue from Russia and Ukraine. They join a string of other Western companies exiting Russia following their invasion of Ukraine.

🟥 $MCD (+0.3%) McDonald’s Corp (🔽 -0.86%)

Are you loving it? https://reut.rs/3PnOJrf

𝗔𝘀𝗶𝗮🌏:

2. South Korea’s new pro-crypto president gets pushback

South Korea’s 🇰🇷 new president, Yoon Suk-yeol, pledged to implement a set of crypto-friendly policies. One of these was to increase the tax threshold for crypto investment gains to 50 million won (roughly $39k or 37.4k EUR), however the National Assembly Research Service (NARS) of South Korea has said that it should be just 2.5 million won (just shy of $2k) with a tax rate of 20%. South Korea is one of the world’s most crypto-active countries, with roughly 10% of the population using it.

🟥 $BTC (+1.15%) Bitcoin ₿, $29,435.30 (🔽-5.93%)

Haven’t reached your threshold of information? https://tcrn.ch/3yAUImB

𝗔𝗺𝗲𝗿𝗶𝗰𝗮𝘀🌎:

3. JetBlue launches hostile takeover bid for Spirit Airlines

JetBlue Airways $JBLU (+0.92%) has launched a hostile takeover bid for Spirit Airlines $SAVE (+0.05%) after the latter rejected a $33 per share all-cash offer earlier this month. Using Friday’s closing price for $SAVE (+0.05%) , this would have been a 94% premium. Spirit reportedly turned down this bid, as they plan to merge with Frontier $ULCC (+0.93%) . JetBlue have offered Spirit shareholders $30 a share if they vote against the Frontier deal. With this news, Spirit has gone above 10% in pre-market trading.

🟥 $JBLU (+0.92%) Jetblue Airways Corp (🔽-5.27%)

🟩 $SAVE (+0.05%) Spirit Airlines Inc (🔼+10.08%)

Wondering whether the deal will take off?✈ https://cnb.cx/3NeSbm7

𝗦𝘁𝗼𝗰𝗸𝘀 𝗼𝗳 𝘁𝗵𝗲 𝗱𝗮𝘆🔔:

🟩 TOP, $SAVE (+0.05%) Spirit Airlines Inc (🔼+10.08%)

🟥 FLOP, $VLA (-0.92%) Valneva (🔽-19.61%)

🟥 Most searched, $AAPL (+0.49%) Apple Inc (🔽-1.72%)

🟥 Most traded, $VLA (-0.92%) Valneva (🔽-19.61%)

🟥 S&P500 (🔽-0.78%)

🟥 DAX (🔽-0.84%)

🟥 $BTC (+1.15%) Bitcoin ₿, $29,435.30 (🔽-5.93%)

Time: 17:00 CEST

Did you know that Ronald Wayne, the third co-founder of Apple, along with Steve Wozniak and Steve Jobs, sold his 10% stake in the company for $800 in 1976? Today, his 10% would be worth $35 billion.