The Daily Populous

Tuesday February 20th, 2024 morning edition

image for Capital One is buying Discover in a $35.3 billion deal

Capital One announced it’s acquiring Discover Financial Services for $35.3 billion in an all-stock deal, giving the bank a leg up in the competitive credit card market.

Under the terms of the deal announced Monday evening, Discover (DFS) shareholders will receive a little over one share of Capital One (COF) for every Discover share they own.

If the deal is finalized, current Capital One shareholders will own a 60% stake in the combined company, while Discover shareholders will own the remaining 40%.

Capital One said it believes the deal will close in late 2024 or early 2025.

A marriage between Capital One and Discover, if approved by regulators, would also give Capital One a new source of revenue from the merchant fees it collects.

Currently, Capital One issues credit cards with Mastercard, Visa and Discover.

The deal would likely result in more of its cards getting switched to the Discover network, the Wall Street Journal reported earlier on Monday before the deal was officially announced. »

Lula da Silva keeps his promise: Amazon deforestation reduced by 64%

Authored by thebetter.news

But the election of Lula da Silva as president in early 2023 brought hope.

He seems to be keeping his promise as, compared to November 2022, deforestation in the Amazon fell by 64% in November 2023.

The current president, Lula da Silva, promised to stop deforestation when he took office – and it looks like Silva is keeping his promise. »

Parkland survivor trolls Trump’s new sneaker venture by buying domain and directing visitors to gun safety site

Authored by independent.co.uk
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Parkland shooting survivor David Hogg has bought a website address referencing former president Donald Trump’s new sneaker brand and turned it into an anti-gun violence website with the ability to call lawmakers to advocate for legislation.

The twist is the person who makes the call is a victim of gun violence whose voice has been re-created with AI to call for gun safety.”.

David Hogg speaks at a gun safety rally in North Carolina in 2023 (Copyright 2023 The Associated Press. »

Chinese fishing vessels are going scorched earth and pumping cyanide into contested waters, Philippine fishing authority says

Authored by uk.news.yahoo.com
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The bureau on Saturday accused Chinese vessels of pumping cyanide into the shoal's waters.

The Philippines' fishing bureau has accused Chinese fishing vessels of using cyanide to destroy Scarborough Shoal, a fish-rich atoll in the South China Sea contested by both Manila and Beijing.

More recently, the Philippines accused China's coast guard of using "dangerous" maneuvers to harass and block a Philippine ship delivering supplies to fishing vessels. »