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Chip Designer Arm targets evaluation of more than $52 billion in its highly anticipated public debut.

Plus, Spotify spent more than a billion dollars to build out its podcasts,

but its big bet isn't paying off.

Spotify from the beginning has been a very typical tech company in the way of prioritizing

growth over profitability for many, many years.

Now, Wall Street and investors are not too keen on this anymore.

And why utility stocks are lagging behind the broader market?

It's Tuesday, September 5th.

I'm Ann Marie for Toly for the Wall Street Journal.

This is the PM edition of What's News, the top headlines and business stories that moved the world today.

British Chip Designer Arm is targeting evaluation of more than $52 billion in what is widely expected

to be the largest public offering of the year.

That's according to the company's latest regulatory filing,

which shows that Arm's owner, Japan's SoftBank Group, plans to sell roughly 10% of the total shares outstanding,

...