Dear readers, Happy Saturday! In a blockbuster $27 billion deal that's certain to threaten Bloomberg's financial-data empire, the London Stock Exchange struck an agreement this week to buy the data company Refinitiv. The tie-up highlights trading venues' desire to move beyond low-margin trading and clearing into the more lucrative business of selling data. LSE CEO David Schwimmer, who joined the stock-exchange group less than a year ago from Goldman Sachs, is driving the...
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