It has been depicted as a new David-and-Goliath tale for Wall Street: a tiny hedge fund called Engine No 1 went up against the mightiest oil company in the US and won three seats on its board, with a mandate to prepare it for a future free of fossil fuel. With just 22 employees and…
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India may be grappling with the second wave of the coronavirus, rising unemployment, and a dwindling economy, but the South Asian nation’s burgeoning startup ecosystem has never had it better. High-profile investors in India have long aggressively chased growth-stage, and late-stage deals, pouring record amounts of capital into the world’s second largest internet market. But…
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The new White House science adviser wants to have a vaccine ready to fight the next pandemic in just about 100 days after recognizing a potential viral outbreak. In his first interview after being sworn in Wednesday, Eric Lander painted a rosy near future where a renewed American emphasis on science not only better prepares…
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The COVID-19 pandemic has created an “unparalleled” global labor market crisis that will affect the employment market for years, the International Labor Organization said in a report Wednesday. The U.N. agency said that “all countries have suffered a sharp deterioration in employment and national income, which has aggravated existing inequalities and risks inflicting longer-term `scarring’…
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Tuesday Capital, a 10-year-old seed-stage fund that was founded by longtime VC Patrick Gallagher and TechCrunch founder Michael Arrington, has changed considerably over the years. Arrington now leads a crypto hedge fund. Tuesday was formerly known as Crunchfund. Gallagher now runs the outfit with partner Prashant Fonseka, who joined the fund in 2015 as an…
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Chamath Palihapitiya, one of the figures most associated with the craze for blank-cheque companies, is planning to raise $800m for four cash shells that will target biotechnology businesses, injecting a jolt into a market that has faltered in recent months. The plans for the new special purpose acquisition companies, disclosed in securities filings, showed the…
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Labour shortages and supply-chain disruptions are hampering businesses across the country as the economic recovery from the coronavirus crisis accelerates. The pace of the rebound picked up in April and May as consumer spending bounced back alongside higher vaccination rates and looser social-distancing measures, according to the Federal Reserve’s Beige Book report, which offers anecdotal…
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The US has threatened to slap tariffs on $2bn worth of goods from the UK and five other countries as they argue about how to tax technology companies, a move that risks reigniting transatlantic trade wars unless parties resolve thorny talks over a broader international tax agreement. The office of the US trade representative said…
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Protesters gathered in bright red t-shirts and matching masks bearing the Independent Drivers Guild logo. Placards bearing slogans like “Freeze Hiring, Reactive Workers Now!” and “Unlock Uber” were being handed out at a table toward the entrance. What the gathering lacked in sheer numbers, it made up with enthusiasm. A wide range of speakers approached…
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The Ohio State University Wexner Medical Center is teaming up with DispatchHealth, an in-home medical care provider, to offer Columbus-area patients care at home. Starting July 1, Ohio State Wexner patients and providers will be able to request same-day at-home care for viral infections, COPD exacerbations, congestive heart failure and other injuries and illnesses, according…
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