(KHN) A brand of specialty mozzarella cheeses. A collection of natural-gas storage terminals. And America's top-selling emergency contraception. At a moment when half of US states stand poised to outlaw or sharply curtail abortion services, the last-ditch pill for women aiming to stave off an unwanted pregnancy rests in the unlikely stewardship of two private equity firms whose varied investment portfolios include Italian foods, vineyard management and children's cough medicine. Got long Covid? Seniors should prepare to go slow Kelso & Co. and Juggernaut Capital Partners bought Plan B One-Step from Teva Pharmaceutical Industries Ltd. for $675 million in 2017 as the Israeli-based pharmaceutical giant was selling off its global women's health business. In the years since, the drug has become America's most widely used over-the-counter emergency contraception and — at an average cost of $45 per dose — one of the highest-priced over-the-counter … [Read more...] about Future of America’s most popular emergency contraception is complicated by misinformation
Copa america 2019 group b standings
Polestar IPO’s meh greeting a troubling signal for EV makers
- A + A NEW YORK (June 28): The lukewarm reception for Polestar Automotive Holding, the latest electric-vehicle (EV) company to go public in the US, is sending an ominous message to other start-ups: The purge is not over. Yes, the auto industry is due for a transformation as oil prices soar and the need for cleaner transportation becomes increasingly apparent. But, runaway inflation and a looming economic downturn are making investors leery of speculative investments, which include EV makers despite the allure of the coming revolution. Polestar's tepid welcome — the stock jumped 16% on its first day of trading on Friday and then dropped 15% on Monday — is the latest evidence of that scepticism. The Swedish electric-car maker went public after merging with blank-cheque company Gores Guggenheim Inc. The company's market valuation stood at about US$24 billion as of Monday's close. "EV stocks benefitted greatly from the abundance of liquidity that had been sloshing … [Read more...] about Polestar IPO’s meh greeting a troubling signal for EV makers
Russia’s foreign bond investors left caught in sanctions web
- A + A (June 28):Investors caught in the web of international sanctions that pushed Russia into default on bond payments are faced with the choice of seeking recompense now, or biding their time. Sanctions aimed at punishing Russia for its invasion of Ukraine shut it out of the world’s financial system, blocking its ability to transfer funds to creditors. It missed payments in late May, and a final deadline to remedy the situation expired on Sunday, creating what the bond documents call an “event of default”. Holders of at least 25% of the outstanding notes can come together to declare the debt fully and immediately repayable, “without any further formality” — a process known as accelerating the debt — according to the documents governing the relevant bond contracts. They may be in no rush. Claims only become void three years on from the payment date, the bonds’ terms show. There’s the chance that if international penalties against President Vladimir Putin’s … [Read more...] about Russia’s foreign bond investors left caught in sanctions web
Why Female Entrepreneurs Welcome The End Of The Girlboss Era—Once And For All
The resignation of Glossier CEO Emily Weiss inspired another wave of obituaries for young, female founders. Nevertheless, they persist—and refuse to be put on glass pedestals again. I n October 2021, Rent the Runway cofounder Jennifer Hyman took her 12-year-old subscription fashion company public at a $1.7 billion valuation, valuing her 5.1% stake at nearly $49 million. The 41-year-old CEO was one of only about 25 American women in history to go public with a company she had founded. But Rent the Runway’s IPO was even more unusual for not only having a female founder but also a female CFO and a female COO. Hyman celebrated the moment on a flowery Nasdaq podium surrounded by the key women on her team, her two daughters and a shower of pink confetti. But for all the femininity on stage, there is one word that Hyman would not use to mark the moment: “Girlboss.” “We've created a false narrative because we looked at two or three examples of women who were building businesses … [Read more...] about Why Female Entrepreneurs Welcome The End Of The Girlboss Era—Once And For All
Inside The Forbes Under 30 EMEA Summit: Tackling Conflicts And Forging Coexistence In Israel
Share to Twitter Share to Linkedin It’s been two weeks since I returned from our 2022 Forbes Under 30 Summit EMEA in Israel and it’s still hard for me to answer everyone’s first question: What was the best part? Sure, tasting my way through “The Shuk” marketplace in Jerusalem was an experience unlike any other, as was ringing the bell at the opening ceremony of the Tel Aviv Stock Exchange alongside a group of brilliant and talented Under 30 alums. But I think the part that sticks with me the most was my time at Jerusalem’s Margalit Startup City , one of Startup Nation’s signature innovation hubs. Situated under vibrant cherry trees, I got to watch members of the Forbes Under 30 community mentor 11 early-stage Middle Eastern startups —many of who have made it their mission to solve the Israeli-Palestinian conflict. Take Andy Hirsh, whose animation studio Olive Branch Pictures is addressing the conflict with a children’s film about two young women … [Read more...] about Inside The Forbes Under 30 EMEA Summit: Tackling Conflicts And Forging Coexistence In Israel
PetDag, United Malacca, Inari, Kim Loong, AT Systematization, AmBank, Poh Huat, NTPM and Mah Sing
- A + A KUALA LUMPUR (June 28): Here is a brief look at some corporate announcements and news flow on Tuesday (June 28) which include Petronas Dagangan Bhd (PetDag), United Malacca Bhd, Inari Amertron Bhd, Kim Loong Resources Bhd, AT Systematization Bhd, AMMB Holdings Bhd (AmBank), Poh Huat Resources Holdings Bhd, NTPM Holdings Bhd and Mah Sing Group Bhd. Petronas Dagangan Bhd ( PetDag ) is disposing of working inventory and deadstock (un-pumpable inventory) in six fuel terminals to Petronas’ wholly-owned unit Petco Trading Labuan Co Ltd (PTLCL) in a related party transaction for RM132.93 million. PetDag said the deal is part of its efforts to eliminate exposure to movement of Means of Platts Singapore (MOPS), thus ensuring its product cost to be reflective of current market prices. United Malacca Bhd net profit dropped 38.1% quarter-on-quarter to RM18.72 million for its fourth quarter ended April 30, 2022 (4QFY22), from RM30.24 million, as the plantation … [Read more...] about PetDag, United Malacca, Inari, Kim Loong, AT Systematization, AmBank, Poh Huat, NTPM and Mah Sing
Checks & Imbalances: Trump’s Transfers, Thomas’s Contributions
Share to Twitter Share to Linkedin Welcome to the Checks & Imbalances newsletter. Today, we look at the flow of money from Trump’s political groups to his business, the latest problem to befall his social network and the continued political donations of Ginni Thomas. Trump Moved More Than $1 Million From His Political Groups To His Private Business After Losing The Election “D onald Trump never stopped raising funds from his supporters after the 2020 presidential race,” reports Dan Alexander: His companies, meanwhile, continued to charge his political outfits for goods and services. As a result, the former president has been able to convert about $1.3 million of donor money into business revenue since he lost the 2020 election, according to a review of the latest federal filings. Thanks For Reading Checks & Imbalances This is the web edition of the Checks & Imbalances newsletter, sent to inboxes Mondays and Thursdays. It’s … [Read more...] about Checks & Imbalances: Trump’s Transfers, Thomas’s Contributions
Something To Smile About: Candid Raises $63 Million To Be The Warby Parker Of Braces
Share to Twitter Share to Linkedin Candid patients receive custom aligners and orthodontist-designed digitally mediated treatment ... [+] plans. Candid What started as two twentysomethings’ desire to bring straight teeth to everyone is turning into a better way to do braces, especially with a mouthful of new cash. Candid is an orthodontics company that gives customers the power to buy a clear orthodontist-created alignment plan online—at 65% less than traditional braces . In 2012, recent Stanford grad and Lyft special operations employee Nick Greenfield had dental insurance for the first time in his life, providing him the opportunity to finally get his teeth straightened. When he realized this molar movement would cost some thousands of dollars, he decided to build a low-cost alternative. Inspired by the success of Warby Parker, Casper and other direct-to-consumer disruptors, he had the idea to do just that for braces. Looking … [Read more...] about Something To Smile About: Candid Raises $63 Million To Be The Warby Parker Of Braces
Three Tech Considerations To Refresh Your Small Business
Share to Twitter Share to Linkedin Sam Yoshida is VP and GM of the Business Information Communications Group for Canon USA and Vice Chairman of Canon Solutions America (CSA). May was Small Business Month, a time to recognize the resiliency and contributions of America’s entrepreneurs. While most businesses have faced immense change during the pandemic, a survey by the U.S. Census Bureau indicated that roughly half of all small businesses reported a significant decline in business over the past two years, especially as a result of dispersed employment. In many ways, ongoing change has forced small businesses to become more agile and connected to their employees and partners as they help them thrive through difficult times. Thankfully, new technology can make this task easier. Here are a few tech considerations for your small business checklist. Get in the cloud. Cloud adoption accelerated during the pandemic as businesses shifted … [Read more...] about Three Tech Considerations To Refresh Your Small Business
One of China’s top tech investors sees crackdown turning point
Fred Hu, chairman of Primavera Capital Group, poses for a photograph following a Bloomberg Television interview in Hong Kong, China on Monday, Sept 16, 2019. (Bloomberg filepix) - A + A (June 28): The founder of one of China’s biggest private equity investors said the nation’s tech firms are turning a corner after a recent rout wiped out nearly US$2 trillion in market value at its peak. Fred Hu, the former Goldman Sachs Group Inc rainmaker who started the US$17 billion Chinese private equity firm Primavera Capital, said reassuring messages concerning regulation, resilient earnings and beaten-down valuations now make the sector interesting for investors. “This could be the beginning of a new era for China tech,” Hu, the firm’s chairman, said in a recent interview. “There’s a lot of value to be discovered,” he said, adding that investors still need to be selective given the high risk profile of such companies. The private equity mogul’s views are one of the … [Read more...] about One of China’s top tech investors sees crackdown turning point