The Presidential Daily Brief

important

  1. softbank shutterstock 148451138

    SoftBank to Buy ARM Holdings for More Than $32 Billion

    This could be a shot in the arm. The Japanese bank picked the right time to buy a British company: Sterling has fallen nearly 30 percent against the yen in the past year, offsetting ARM’s rising share prices. It’s the largest ever Asian investment in Britain, and some are taking this as an optimistic sign for post-Brexit business prospects. But others warn that buying ARM, a chip designer, is a big bet on the Internet of Things rather than a vote of confidence for Britain’s economy.

This story is part of The Presidential Daily Brief

view full edition