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Shares in Instacart rise 10% after trading debut. Oil prices surpass $95 a barrel. Justin Trudeau angers India with claims about Sikh activist's death. Tech Tonic podcast explores AI and animal communication. Researchers study sperm whale dialects and discuss ethical implications of communicating with synthetic animals.
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Quick takeaways
- Instacart had a successful IPO, with shares rising over 10% on its first day of trading.
- Rising oil prices are driven by high demand and intentional supply reduction by key producers, potentially impacting petrol prices and causing inflationary pressures.
Deep dives
Instacart's solid debut on the public market
Instacart had a successful initial public offering (IPO) on the NASDAQ, with shares initially rising by 40% before ending the day up more than 10%. This follows the recent IPO of chip designer ARMS, which saw a 25% increase on its first day of trading. Market automation company Clay Vio is also expected to disclose its IPO pricing and raise over $500 million.
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highlights
Listen to the best highlights from the podcasts you love and dive into the full episode