Barrick Gold's Tanzania agreement, Bombardier outlines jet deliveries, and more top news

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A new agreement between Toronto-based Barrick Gold and Tanzania could end a gold export ban at the company’s subsidiary Acacia Mining PLC. The deal proposed a 50/50 split, including taxes and royalties, between Acacia and Tanzania. The company would also pay, over time, US$300 million to settle a tax penalty. Barrick, which owns 63.9% of Acacia, has been negotiating with the country on behalf of Acacia. Barrick recently got a new CEO, Mark Bristow — it was hoped Bristow’s long history of operating successfully in Africa could help end the long-running dispute. • Here’s what people are saying.

Bombardier says customers will receive some of its new Global 7500 business jets in the first six months of the year. Chief financial officer John Di Bert told an investor conference on Wednesday that the remaining 10 to 15 deliveries would come later in 2019. The Canadian train-and-plane maker expects 15 to 20 deliveries of the $73 million planes this year. In 2020, the company expects to deliver 35 to 40 aircraft. • Here’s what people are saying.

Lyft plans to list shares on Nasdaq and will make its initial public offering public as early as next week, according to media reports citing anonymous sources. The ride-hailing company values itself between $20 billion and $25 billion. The move would mean that Lyft will beat rival Uber to the public market. Uber needs several more weeks to prepare its IPO, reports Reuters. Lyft plans to pitch to investors during a two-week roadshow starting mid-March.• Here’s what people are saying.

Samsung has unveiled its new folding phone with 5G. The smartphone — which will come with a $1980 price tag — opens like a book to reveal a tablet-sized 7.3-inch display capable of running three apps at once. The world's largest smartphone maker is hoping the new innovation will spur people to upgrade their phones after sales slumped 8% last year. Worldwide, smartphone sales were down 4%.• Here’s what people are saying.

The Amazon, Berkshire Hathaway and JPMorgan Chase health-care joint venture will explore redesigning health insurance in terms of benefit design, reports The Wall Street Journal.  New details emerged from an unsealed court testimony from the still-unnamed venture’s Chief Operating Officer, Jack Stoddard. Last month, Stoddard testified in federal court after UnitedHealth Group’s Optum health-services unit initiated legal proceedings to stop a former employee joining the new venture. He said it will test ways to make primary-care access easier and maintenance drugs cheaper. • Here’s what people are saying.

Idea of the Day: “If at first you don’t succeed, try, try again” is a terrible mantra, says author Robbie Bach.

“Continuing to pound your head against a wall does nothing to ensure that you find a way through to the other side.”

What's your take on today’s stories? Share your thoughts in the comments.

— Carmel Melouney