September 22, 2018

These 14 states could see ‘extremely significant damage’ from Trump’s trade wars

President Donald Trump announced tariffs on $200 billion worth of Chinese imports Monday, prompting Beijing to impose retaliatory taxes on $60 billion worth of American imports. The two countries had already placed tariffs on ...
September 22, 2018

A $10 billion marijuana producer just spun off its venture arm in the hopes it will become the ‘Google Ventures of cannabis’ (RIV)

Canopy Growth, a $10 billion Canadian marijuana firm, is spinning off its venture-capital arm, which began trading at $18.44 per share Thursday morning Canopy Rivers makes minority investments in burgeoning marijuana companie...
September 22, 2018

Fox plans to concede defeat in Sky battle, review stake: source

Rupert Murdoch's Twenty-First Century Fox expects Sky's independent directors to recommend Comcast's $39 billion bid, after which Fox will concede defeat in the battle for the British broadcaster, a source with knowledge of the matter told Reuters.
September 22, 2018

A VC spoke to 30 founders and investors about the $350 billion elder-care market and found 3 reasons why starting a company in the market is a challenge

Addie Lerner, a principal at General Catalyst, spent this past spring talking to 30 founders, advisers, and investors about the $350 billion elder-care market. She says the conversations gave her perspective on what's still m...
September 22, 2018

Comcast outbids Fox with $39 billion offer for Sky in auction

Comcast beat Rupert Murdoch's Twenty-First Century Fox in the auction battle for Sky with an offer of around $39 billion.  Comcast's final offer was significantly higher than its bid going into the auction of 14.75 pound...
September 22, 2018

Goldman just promoted a star tech banker close to Tesla and Microsoft to co-head one of its most profitable businesses, as incoming CEO Solomon makes his mark (GS)

Goldman Sachs has named technology banker Dan Dees to co-head its investment banking group. The promotion of Dees was widely expected as incoming CEO David Solomon starts to insert his own people at the top of the Wall Street...
September 22, 2018

One jarring statistic shows traders are the most scared in 28 years of a sudden market meltdown

A stock-market measure that reflects investor worry around a low-probability meltdown is at its highest level on record, according to data going back to 1990. It may not be immediately clear what could cause such a catastroph...
September 22, 2018

GOLDMAN SACHS: Professional stock pickers can make a killing by buying these 15 companies everyone else is flocking to

Passive funds continue to gain assets at the detriment of active fund managers.  But there's a strategy involving Russell 3000 stocks that active managers can use to benefit from passive inflows, according to Goldman Sac...
September 22, 2018

U.S. airlines score win as Congress drops ‘reasonable fee’ rules

The U.S. airline industry scored a win on Saturday as bipartisan congressional legislation dropped plans to mandate "reasonable and proportional" baggage and change fees, but included other new passenger protections.
September 22, 2018

Legalized weed could be the boost beverage giants like Coke and Pepsi need as Americans ditch sugary sodas (KO)

As rumblings that Coca-Cola is eyeing a deal with a marijuana producer continue, it seems legalized weed could be the boost beverage giants need. Americans are drinking less soda, forcing beverage giants to diversify int...