The price of Circle Internet Financial's privately held shares, which are trading on the secondary market, means the stablecoin issuer is valued at $5 billion to $5.25 billion ahead of a planned initial public offering. The sellers are early investors or Circle employees who have pulled out for liquidity reasons, one of the people said. Employees usually have the opportunity to cash out their stock options before the company goes public. The company does not allow trading below the $5 billion va...
According to the Washington Post, three Democratic officials with knowledge of former House Speaker Nancy Pelosi's private conversations said she told some House Democrats that she believes President Biden will soon be persuaded to withdraw from the presidential race because of serious doubts about his ability to win in the November election. After Biden's on-off performance in the debate sparked panic among Democrats inside and outside Washington, Pelosi has played a powerful role behind the sc...