Financial Daily Dose 5.21.2021 | Top Story: Markets Rebound and Bring Oatly With Them in Public Debut | Robins Kaplan LLP

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Sweden-based and celeb-backed oat milk company Oatly hit it big on its first day of public trading, with shares soaring 30% “as investors jumped at the chance to take part in rapid changes in the food industry driven by consumer tastes shifting to plant-based products” – NYTimes and WSJ and Bloomberg

That banner debut coincided with a rebound in the markets across the board after three days of selloffs. Unemployment numbers that continue to fall likely helped boost markets – NYTimes

KC Southern is expected to end its deal with Canadian Pacific Railway in favor of a more generous offer from rival Canadian National Railway. CNR outbid CPR  by about $30/share, which meant a difference of a cool $5 billion that appears to be too much for KC Southern to pass up – WSJ

The Upshot offers this definitive “When to Panic about Inflation” list. It’s worth a read, especially given markets’ current inflation-induced panic – NYTimes

Streetwise…

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