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Reddit prepares for a $500 million IPO, the EU plans to give Ukraine up to €3bn, and new aid delivery plans aim to prevent famine in Gaza. Insights on Reddit's IPO roadshow, challenges in aid distribution, and investor concerns. Addressing the critical food crisis in Gaza and Biden's innovative aid plan.
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- Reddit plans to raise over $500 million in its IPO, aiming to set a precedent for future start-ups looking to list in 2024.
- EU aims to provide up to €3 billion to Ukraine from frozen Russian assets, while also implementing new plans to deliver aid to Gaza and avoid famine.
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EU to Fund Ukraine's War Effort with Russia's Assets
Brussels plans to give Ukraine up to three billion euros from Russia's frozen assets, sanctioned after the invasion of Ukraine. The European Commission is fast-tracking this funding while the US struggles to approve more aid. The EU aims to send the first installment by July pending member states' approval, with a proposal to be discussed at an upcoming EU Leaders Summit.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode