Indoor farming start-up AppHarvest joins the SPAC craze to go public

An indoor farming start-up that heralds itself as the future of agriculture and has Martha Stewart on its board announced Tuesday it is going public through a reverse merger, the latest in a series of blank-check deals during the coronavirus pandemic.  

Kentucky-based AppHarvest is merging with special purpose acquisition company Novus Capital Corp., while picking up $475 million in financing, $375 million of which is coming through a PIPE, or private investment in public equity.

Shares of Novus Capital were rising more than 15% on Tuesday after the deal was publicized. The transaction is set to close in

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Scientists measure the total amount of matter in the universe for the first time

Image: Pixabay

Cosmologists at the University of California at Riverside used a cosmological tool and a new technique to calculate how much matter is in the universe.

To calculate it, the scientists first counted the matter in a single galaxy by observing how it orbits neighbouring galaxies, and then they scaled the amount for the entire universe.

The team found that matter makes up 31% of the universe, the rest is dark energy, an “unknown form of energy” that scientists still don’t understand.

According to the study authors, of that 31%, 80% is made up of dark matter, a

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Disney to lay off 28,000 employees as coronavirus slams theme park business

In this handout photo provided by Walt Disney World Resort, guests stop to take a selfie at Magic Kingdom Park at Walt Disney World Resort on July 11, 2020 in Lake Buena Vista, Florida. July 11, 2020 is the first day of the phased reopening.

Matt Stroshane | Walt Disney World Resort | Getty Images

Prolonged closures at Disney’s California-based theme parks and limited attendance at its open parks has forced the company to lay off 28,000 employees across its parks, experiences and consumer products division, the company said.

In a memo sent to employees on Tuesday, Josh D’Amaro, head

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1 in 3 Millennial Employees Prioritize Career Over Health Benefits

The ongoing coronavirus crisis brought health care benefits at the center of employee benefits. But for millennials, career advancement opportunities are still the main driving force.

According to the latest survey from Life Extension, about one-third of millennials prioritize work over health.

Career Over Health: What Different Generations Do

What is most important in life – a job or health? Though this question seems to be the easiest question on the earth, not all can get their priorities right.

The survey finds that 33% of millennials will skimp on health to focus on their careers.

The following are the key

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Google To Apply 30% Fee Even To Third Party Apps

Google To Apply 30% Fee Even To Third Party Apps

“Developers should have a choice in how they distribute their apps and that stores should compete for the consumer’s and the developer’s business. ”

Google no longer wants companies like Netflix and Spotify to be able to charge third party app developers directly, thereby circumventing its own Play Store’s fees. The company feels that this is not fair to these developers and has caused a great deal of confusion as to its payment policies. As a result, Google will be closing this “loophole” and within a year

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Listing of K-pop stars BTS’ label is South Korea’s IPO market ‘turn around’

BTS attend the Billboard Music Awards at MGM Grand Garden Arena on May 01, 2019 in Las Vegas, Nevada.

Frazer Harrison | Getty Images Entertainment | Getty Images

SINGAPORE — The highly anticipated market debut of Big Hit Entertainment, the music label behind South Korean K-pop megastars BTS, will shift South Korea’s public listing landscape away from traditional sectors, said Dealogic

“Big Hit’s IPO (initial public listing), it does bring some much needed diversity to the South Korean IPO landscape,” Romaine Jackson, head of Southeast Asia at Dealogic, told CNBC’s “Squawk Box Asia” on Tuesday.

“It’s traditionally been your technology

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Top analysts recommend stocks like Alibaba and AutoZone amid the September sell-off

A man wearing a face mask walks past a Nike store in Central Business District, Beijing, China on February 17, 2020.

Andrea Verdelli | Getty Images

The market is looking treacherous right now to end September, but top analysts still believe there are compelling stocks out there with robust upside ahead.

Even in challenging economic times, there are still winners and losers. Indeed, some companies are benefiting from the current circumstances, while others continue to trade under-the-investor-radar. However, it’s fair to say that it’s best to pick your stocks wisely in case further volatility lies ahead.

One way to go

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