Market Chatter: Coca-Cola Working With JPMorgan, Citi on India IPO for Bottler

Coca-Cola (KO) appointed JPMorgan Chase (JPM) and Citigroup (C) as the bankers for a planned initial public offering in 2027 for majority-owned Hindustan Coca-Cola Holdings in India, Reuters reported Monday, citing two sources with direct knowledge of the matter.

The companies didn't immediately reply to requests for comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: $81.98, Change: $+0.42, Percent Change: +0.51%

Top Cryptocurrencies Lower; Bitcoin Holds Above $64,000

Major digital assets were broadly weaker Friday, with Bitcoin (BTC-USD) down but still holding above $64,000.The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, fell almost 1% in the past 24 hours. The Nasdaq fell 1.3%, the S&P 500 declined 0.9%, and the Dow Jones Industrial Average decreased 0.6%.Bitcoin fell 0.1% to $64,073, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume rose 1.1% to $27.44 billion.Ethereum (ETH-USD), the second-largest digital asset by market value, was down 1.5% to $1,842.XRP (XRP-USD) lost 0.5%, BNB (BNB-USD) fell 1.3%, and Solana (SOL-USD) decreased 0.9%. Dogecoin (DOGE-USD) dropped 0.7%, while Cardano (ADA-USD) rose 2.2%.The US 10-year Treasury yield stood at 5.064% at 3 p.m. ET Friday, down from 5.094% Thursday, while the five-year yield fell to 4.270% from 4.280%.The total market value of the cryptocurrency industry dropped 0.4% in the past 24 hours to $2.19 trillion, with trading volume increasing 2.4% to $65.41 billion.Price: $64125.86, Change: $+337.34, Percent Change: +0.53%

$ADA-USD$BNB-USD$BTC-USD$DOGE-USD$ETH-USD$SOL-USD$XRP-USD

Apple Raises Apple Music Subscription Prices

Apple (AAPL) is raising prices for Apple Music subscription plans, marking its first rate increase for the service since fall 2022, citing higher music licensing costs, multiple outlets reported Friday.The new pricing is effective in many markets worldwide, including the U.S., where the individual plan is rising to $11.99 per month from $10.99, according to the report.The family plan, covering up to six accounts, is increasing to $19.99 monthly from $16.99, while the student plan is rising to $6.99 from $5.99, the reports said.Price: $333.17, Change: $-0.09, Percent Change: -0.03%

$AAPL

Market Chatter: Coca-Cola Working With JPMorgan, Citi on India IPO for Bottler

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