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The Haryana government has urged private companies to adopt work-from-home arrangements and staggered office timings. The aim is to ease traffic congestion in Gurgaon and save energy. The initiative is part of a broader energy-conservation drive within the state administration. The success of the initiative could determine whether Gurgaons can gradually exchange gridlocked expressways for a leaner, digital corporate culture.
Nearly two-thirds of private offices in Hong Kong will be over 30 years old by 2030, according to official data cited by Knight Frank. Corporate tenants are increasingly relocating to top-tier buildings in central locations in the city, leaving older buildings in outlying areas with more unoccupied office space. Some landlords plan to convert their office spaces into student dormitories or senior living spaces.
Hunterbrook Media and Muddy Waters Research published reports on Ensign Group (NASDAQ: ENSG) and Abaxx Technologies (CBOE: ABXX). Fuzzy Panda Research published two updates on T1 Energy (NYSE: TE — $2.37 billion), a clean battery solutions company. Viceroy Research said CBOE walked away from its “strategic investment” in AbaxX.
SpaceX went public this week in the largest IPO ever, making CEO Elon Musk the world's first trillionaire. Kirsten Korosec, Sean O’Kane, and Anthony Ha discuss what's looking like a hot IPO summer for AI companies.