Auto Trader plans equity raise to shore up cash

(Reuters) – UK online car marketplace Auto Trader said on Wednesday it would sell up to 46.5 million new shares, worth 5% of its share capital, to institutional investors in a bid to shore up cash during the coronavirus crisis. “This equity raise will allow the...

Wars Aren’t Won by Government Alone

‘This is a time of war.” Americans now routinely hear the struggle against the novel coronavirus compared to military conflict. Wartime mobilization is surely the domain of the federal government, right? Actually, that’s never really been true in America…....