Welcome to another edition of Under60 Daily - a brief rundown of the top happenings in the business world, curated by hand to exclude the clutter and ensure you get up to speed in under a minute.
[Gaming] Nintendo is discontinuing the production of the 3DS. Launched in 2011, the 3DS was the successor to the hugely successful Gameboy and DS family of consoles.
Over60: The Verge
[Banking] The boards of Spain’s CaixaBank and state-owned Bankia have approved a merger plan between the two lenders, which will create the biggest bank in the country by market share in retail operations. Over60: CNBC
[Regulation] The Trump administration has announced that it will ban downloads of TikTok and the use of WeChat after midnight on Sunday over national security and data privacy concerns.
[Agriculture] Soybean futures have traded above $10 a bushel for the first time since 2018. It has been a punishing few years for American soybeans farmers as their prices fell because of the on-going trade war between China and the U.S.
[Fintech] U.S. fintech company, Chime, which delivers banking services through mobile phones, is now America’s most valuable fintech startup. The company recently closed its Series F funding round, raising $485 million, valuing the company at $14.5 billion.