Arm IPO, UAW strike, Senate's AI forum 3 Things

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Auto workers’ contracts with the Big Three automakers — Ford (F), General Motors (GM), Stellantis (STLA) — are set to expire at midnight. The United Auto Workers (UAW) union has threatened executives with the likelihood of a strike if certain benefits and wage demands were not met. Tech’s top names attended a forum on AI organized by Senate Majority Leader Chuck Schumer (D-NY) on Wednesday to discuss the need for proper regulation of artificial intelligence. Lastly, chipmaker Arm Holdings (ARM) is set to go public today on the Nasdaq, priced at $51 per share. Analysts are paying extra close attention to Arm’s IPO and its valuation for its significance to the IPO market and the tech industry’s pivot to generative AI. Yahoo Finance Live hosts Julie Hyman and Brad Smith provide a deeper analysis of this week’s top headlines.

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Arm shifts business model ahead of IPO: ReportArm Holdings (ARM) announced it will be pivoting its business ahead of its IPO debut on Wednesday, according to Bloomberg. The report notes the company's original model was to design chips in a direct business-to-business approach, but the company is now offering more specific products and charging higher royalties. Yahoo Finance Live discusses the report’s findings and gauges investor sentiments ahead of the listing.
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Arm’s IPO Pricing to Test Everything From AI Hype to China RiskArm Holdings Plc’s long-anticipated initial public offering is set to price Wednesday and investors will be watching to see how owner SoftBank Group Corp. fares in what is set to be the largest listing of the year — and whether it helps reignite equity capital markets.
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Arm’s IPO Pricing to Test Everything From AI Hype to China Risk(Bloomberg) -- Arm Holdings Plc’s long-anticipated initial public offering is set to price Wednesday and investors will be watching to see how owner SoftBank Group Corp. fares in what is set to be the largest listing of the year — and whether it helps reignite equity capital markets.Most Read from BloombergLuxury Cruise Ship Full of Australians Stuck in Greenland ArcticiPhone Pro’s Titanium Finish Stands Out in First Look at DeviceApple’s iPhone 15 Debut Includes Higher Price on Top ModelAT&T, T
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