Is Aramco Worth $2 Trillion? And Other Crucial I.P.O. Questions

The valuation of the giant oil producer remains a critical question in the wake its decision to go public. That question was one of many left unanswered Sunday when the company, the world’s dominant oil producer, announced it would sell a stake to investors. Just about everything about the initial public offering remains to be determined in the coming days and weeks, including how large a portion Aramco will sell, and at what price. Most of the questions will revolve around decisions made by Crown Prince Mohammed bin Salman, the kingdom’s main policymaker. Aramco, which produces about one-tenth of the world’s oil output, is the centerpiece of the Saudi economy, and generates most of the government’s revenue. So far the prince is moving cautiously. He is seeking a listing only on Riyadh’s Tadawul stock exchange. A foreign listing in a more complex and risky environment like New York or London has been deferred, and some analysts are skeptical about it ever happening. The prince could even back away from the stock offering if circumstances change or it fails to sufficiently excite investors. The company has six months to list shares, under the approval granted Sunday by the Saudi...

Meryl Streep Reveals What Really Made Her a Big Little Lies Fan

Meryl Streep, you may have heard of her, she’s got eight Golden Globes, three Oscars (and 21 nominations), three Emmys and countless other accolades. A woman like Streep just doesn’t “do” TV. The material has to be something special, like Angels in America or Holocaust. And now Big Little Lies. Streep is basically one of the reasons why the HBO miniseries returned for a second season. She plays Mary Louise Wright, mother-in-law to Celeste (Nicole Kidman), mother of the dead rapist and abuser Perry (Alexander Skarsgård). In a roundtable discussion posted by HBO, Streep revealed what really attracted her to the series. “One thing I would say is that part of what made it so pungent in the first season, for me as a viewer, was that it was a very specific locale and the people were very specific. It was just how detailed how life was that sort of made it meaningful for me,” Streep said. “One of the things that we’re lacking so much in society is empathy. Period. That’s like the base of why we even have to have this conversation. It’s the inability to empathize with another being despite whether you agree or disagree with th...