The Week (US)

The bottom line

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■ Of 53 tech-related companies that went public last year through an IPO or direct listing, all but three are now trading below their offer price (for IPOs) or opening price (for direct listings). More than half have tumbled by at least 50 percent, including highprofil­e names like Coinbase, Robinhood, and Rivian. CNBC.com

■ Since the invasion of Ukraine, Russia has exported at least $65 billion worth of fossil fuels via shipments and pipelines. In the first quarter of 2022, the Russian government’s revenues from hydrocarbo­ns rose by over 80 percent year on year. The Economist

■ A silkscreen of the actress Marilyn Monroe by Andy Warhol sold at Christie’s for a record $195 million this week, becoming the most expensive American artwork ever sold at auction. It was the second-highest auction price for an artwork in history, behind a $450 million Leonardo da Vinci. Bloomberg

■ The price of Bitcoin fell below $30,000 for the first time since July, marking a drop of more than 50 percent in the past 6 months. The broader crypto market has shed $1.6 trillion since November. Financial Times

■ The average price of Tyson Foods products rose 17.6 percent in the quarter that ended April 2, compared with a year earlier. Beef prices were up 23.8 percent, while chicken rose 14.4 percent and pork jumped 10.8 percent. Axios

■ The IRS paid $3.3 billion in interest to tax filers for fiscal year 2021. In April, the agency began paying 4 percent interest to individual filers for late refunds, up a percentage point from the prior quarter. The Wall Street Journal

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