Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
Instagram Outage Disrupts Thousands of U.S. Users 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Lotte Group Chairman Shin Dong-bin is expected to accelerate the initial public offering (IPO) of Hotel Lotte to tighten his grip on the remaining South Korean control on Lotte Hotel.
The Hotel Lotte IPO will boost liquidity for the Lotte Group and water down Japanese control on the hotel, which is now over 99 percent owned by Japan's Lotte Holdings.
In April, the Chairman's elder brother SDJ Corp. chairman Shin Dong-ju sought to remove him from the board of Lotte Holdings, marking his sixth such attempt.
Other than the Hotel Lotte IPO plan, Shin Dong-bin could also adopt an e-commerce strategy, securitization of its real estate assets, and shareholder-friendly policies to cement his power over Lotte Corp.
However, there are factors that may hinder the IPO, including the plummeting demand in the hotel's duty-free shop business, a main revenue source, due to the coronavirus outbreak.
KB Securities analyst Jeong Dong-ik noted that with Hotel Lotte yet to undergo a listing eligibility review at the Korea Exchange, its performance and investor sentiment in the IPO market could hamper its listing this year.
