PayPal Holdings IncPayPal shares rose on renewed takeover speculation after a Betaville report of a possible all-stock acquisition by an unnamed West Coast tech company.
President Donald Trump and House Speaker Mike Johnson plan to host leading technology executives at the White House on Tuesday, Sept. 29, for discussions on artificial intelligence safety and potential government oversight. The meeting follows rising concerns from experts about AI's destructive potential without proper guardrails, though Trump has dismissed such warnings as a "hoax" while emphasizing the need for U.S. firms to outpace China in the AI race. Separately, PayPal shares rose 1.2% on renewed acquisition speculation after traders cited a Betaville report indicating an unnamed West Coast technology company may be evaluating an all-stock takeover of the fintech firm, though the PayPal board is said to prefer an all-cash deal; the speculation follows the collapse of talks between a Stripe and Advent consortium, which had considered offering as much as $68 per share in cash but abandoned the pursuit last month after negotiations stalled over a $2 billion breakup fee. U.S. front-month Nymex natural gas futures dropped 5.5% to $3.115/MMBtu on Friday, reversing much of Thursday's 9% surge that followed a force majeure on TC Energy's Mountaineer Xpress pipeline in West Virginia, where the leak had cut firm transportation service by 1.8 Bcf/day, affecting roughly 1.5% of total U.S. Lower-48 gas supply. Short-squeeze risk remains elevated across major bitcoin-linked equities, according to S3 Partners Director of Research Leon Gross, with Strategy, Strive, and Coinbase each showing return correlations above 0.70 with bitcoin while short interest hovers near 10-13% of float for Strategy and Coinbase.
PayPal Holdings IncPayPal shares rose on renewed takeover speculation after a Betaville report of a possible all-stock acquisition by an unnamed West Coast tech company.
Nymex natural gas fell 5.5% as the market reversed Thursday's surge tied to the Mountaineer Xpress force majeure that had cut about 1.8 Bcf/day of supply.
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