| Driven by a surge in cannabis use during the pandemic, industry entrepreneurs are gearing up for even greater growth. Among a closely knit network of investors are Liquid 2 Ventures, headed by former NFL quarterback Joe Montana, and Casa Verde Capital, founded by entertainer Snoop Dogg. Nokia plans to axe up to 10,000 jobs within two years to cut costs and invest more in research, as the Finnish telecoms group seeks to step up its challenge to Sweden’s Ericsson and China’s Huawei. Rupert Murdoch’s News Corp has reached a content-supply deal with Facebook in Australia, a step toward settling a dispute that saw the social media giant briefly shut down thousands of pages in the country. The booming stock market and cheap debt financing have helped push leveraged buyout prices to a record high, driven by sectors that have grown as people work and stay at home during the pandemic. That is worrying private equity investors.
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