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Wisconsin voters elected liberal judge Susan Crawford to the Supreme Court, defeating Trump-backed Brad Schimel despite significant financial backing from Elon Musk. This election, marked by record spending, is seen as pivotal for the court's ideological balance and broader political implications. In contrast, Trump celebrated Republican victories in two Florida House races, highlighting the mixed outcomes for his party.
Democrats celebrated a significant win in Wisconsin's judicial race, marking a setback for Trump and the GOP, who are now evaluating Elon Musk's influential role in Republican politics. Despite Musk's substantial financial backing for the Trump-endorsed candidate, the loss raised concerns about his impact on future elections, as polls show a majority of voters view him negatively. While Trump advisers downplayed the defeat as an off-year election, the results signal potential challenges ahead for Republicans as they prepare for the midterms in 2026.
CoreWeave's shares surged over 18% on April 1 after a disappointing IPO debut, where the stock opened at $39 and closed at $40, below the initial price of $40. The company had previously lowered its IPO price from $47-$55 and reported a net loss of $863 million, despite a 737% revenue growth to $1.92 billion last year. With a market cap of $19 billion, CoreWeave competes with giants like Microsoft, Amazon, and Google.
UBS Group AG has successfully integrated Credit Suisse service companies in India. The holding company operates across four main sectors: wealth management (49.4% of revenues), investment banking (22.1%), retail and corporate banking (18.8%), and asset management (6.4%). By the end of 2024, UBS managed USD 745.8 billion in deposits and USD 580 billion in loans.
UBS Group AG has successfully integrated Credit Suisse service companies in India. The group operates across four main sectors: wealth management (49.4% of revenues), investment banking (22.1%), retail and corporate banking (18.8%), and asset management (6.4%). As of the end of 2024, UBS reported USD 745.8 billion in current deposits and USD 580 billion in current loans.
UltraGreen.ai, a Singapore-based medtech firm specializing in fluorescence technology for medical imaging, is considering an IPO to raise up to S$400 million (US$298 million). The company is currently collaborating with financial advisers to explore a potential listing in Singapore later this year, marking a significant event as the country has not seen any IPOs in 2025. Notable clients include Adventist Health, Cleveland Clinic, and Mayo Clinic.
Swiggy has received an assessment order from the Income Tax Department for outstanding dues of 158.25 crore rupees (US$18.5 million), related to unpaid taxes on cancellation charges and interest income on tax refunds. The company plans to challenge this order, asserting it will not significantly affect its financials or operations. Additionally, Swiggy intends to appeal a previous notice for 1.1 crore rupees (US$128,500) concerning similar issues from the fiscal years 2018 and 2019.
In a historic Wisconsin Supreme Court race, liberal judge Susan Crawford defeated conservative Brad Schimel, backed by Elon Musk, in a contest that saw nearly $100 million in campaign contributions. This result secures a 4-3 liberal majority in the court, potentially impacting upcoming cases on abortion rights and electoral map redistricting. The election was viewed as a referendum on Musk and Trump's influence, with high voter turnout reflecting significant public sentiment against their agendas.
Elon Musk's $25 million investment in the Wisconsin Supreme Court election backfired as Democrat Susan Crawford won, securing a 4-3 liberal majority. Musk's funding, primarily supporting Republican Brad Schimel, made this the most expensive state supreme court race in U.S. history, highlighting the stakes in a key swing state. The outcome will influence critical issues like abortion and redistricting in the coming years.
Zomato has laid off around 600 employees from its customer support team as part of a restructuring effort linked to AI integration. The layoffs, affecting those in the Zomato Associate Accelerator Program, were driven by performance issues and the implementation of the AI platform Nugget, which significantly enhances query handling efficiency. Many former employees expressed dissatisfaction over the abrupt terminations and lack of notice amid a challenging market environment.
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Wisconsin elects liberal judge to Supreme Court despite heavy funding efforts
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USA
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05:31 02.04.2025
trump brushes off wisconsin loss as musk's influence faces scrutiny
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Kamala Harris
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05:22 02.04.2025
CoreWeave shares rise 18 percent after rocky IPO debut
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ubs group finalizes integration of credit suisse service companies in india
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Singapore medtech firm plans IPO to raise up to 298 million dollars
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Swiggy faces 18.5 million dollar tax assessment from Income Tax Department
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liberal judge defeats elon musk backed candidate in historic wisconsin race
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USA
Mike Waltzer
Jimmy Patronis
Elise Stefanik
Susan P. Crawford
Elon Musk
Brad Schimel
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04:46 02.04.2025
Elon Musk's 25 million dollar investment fails in Wisconsin Supreme Court election
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04:29 02.04.2025
Zomato lays off 600 employees amid AI integration and restructuring efforts
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