Be in the know. 15 key reads for Thursday…

  1. PayPal’s new CEO makes Venmo a standalone business unit as potential buyers circle (cnbc)
  2. PayPal to Reorganize Into Three Business Units in Streamlining Effort (wsj)
  3. PayPal says AI shopping agents are creating an invisible storefront economy (fastcompany)
  4. Baxter beats estimates as revenue rises, shares jump 6% (investing)
  5. Diageo CEO Dave Lewis Reveals Plan to Pare Back Management (bloomberg)
  6. Estee Lauder considers bid for Puig at 18-19 euros per share, source says (reuters)
  7. Needham raises Etsy stock price target to $85 on growth outlook (investing)
  8. The Clock Is Ticking for Big Tech to Make AI Pay (wsj)
  9. US Big Tech Ratchets Up AI Spending Past $700 Billion This Year (bloomberg)
  10. US Core Capital Goods Orders Jump by Most Since 2020 (bloomberg)
  11. U.S. Housing Starts Rose in March (wsj)
  12. US economy ‘quite resilient’, should keep growing above 2%, Fed’s Powell says (reuters)
  13. Warsh Clears an Early Hurdle on Path to Fed Chair (nytimes)
  14. Ford Raises Profit Outlook Despite Rising Commodity Costs (bloomberg)
  15. Bangladesh set to sign Boeing jet deal, shifting from Airbus (reuters)