International Business

As the Proxy Battle Intensifies, Illumina Implores Shareholders to Reject Carl Icahn’s Board Nominations

As the Proxy Battle Intensifies, Illumina Implores Shareholders to Reject Carl Icahn’s Board Nominations

In a letter to shareholders on Thursday (March 30, 2023), Illumina warned that Carl Icahn’s three board nominees would “threaten the progress” of the biotech…
SVB’s Fall is a Double Blow to Digital Entrepreneurs Already Coping With a Challenging Market

SVB’s Fall is a Double Blow to Digital Entrepreneurs Already Coping With a Challenging Market

After his cloud software business closed a $20 million fundraising round in late January, ChartHop CEO Ian White heaved a sigh of relief. Six months…
Silicon Valley Bank Confiscation Leaves a Major Vacancy and a Large Opportunity in the Field of Climate Financing

Silicon Valley Bank Confiscation Leaves a Major Vacancy and a Large Opportunity in the Field of Climate Financing

For startups looking for lenders who understood the startup life and balance sheets, Silicon Valley Bank (SVB) was the go-to institution. This was particularly true…
How Startup Executives Handled SVB’s Collapse and Braced Themselves for the Worst

How Startup Executives Handled SVB’s Collapse and Braced Themselves for the Worst

EarthOptics CEO Lars Dyrud acted swiftly after turning on CNBC last Thursday to see SVB’s stock price tanking and reports of venture firms advising entrepreneurs…
Before this Month’s Fire, Ford Forewarned Certain F-150 Lightning Owners of a Different EV Battery Issue

Before this Month’s Fire, Ford Forewarned Certain F-150 Lightning Owners of a Different EV Battery Issue

The Ford F-150 Lightning caught fire earlier this month due to a faulty battery, but that isn’t the only issue the Detroit automaker has recently…
A New $2 Billion Financing is Obtained by Redwood Materials for the Construction of a Battery-Recycling Factory in Nevada

A New $2 Billion Financing is Obtained by Redwood Materials for the Construction of a Battery-Recycling Factory in Nevada

The Department of Energy has committed a $2 billion loan to Redwood Materials, the department announced on Thursday (February 9, 2023) through its loan programs…
In an Effort to Green the $1.6 Trillion Steel Business, Microsoft and ArcelorMittal Support an MIT Spinout

In an Effort to Green the $1.6 Trillion Steel Business, Microsoft and ArcelorMittal Support an MIT Spinout

The steel industry refers to the production of steel, which is one of the most important and widely used materials in the world. Steel is…
Expanded EV Tax Incentives by the Biden Administration Benefit Tesla, Cadillac, and Others

Expanded EV Tax Incentives by the Biden Administration Benefit Tesla, Cadillac, and Others

In order to make more electric vehicles from Tesla, General Motors, and other automakers eligible for up to $7,500 in federal tax credits at higher…
AMD Reports Strong Sales and Profits but Foresees a 10% Drop in Revenue in the First Quarter

AMD Reports Strong Sales and Profits but Foresees a 10% Drop in Revenue in the First Quarter

AMD topped Wall Street estimates for sales and profit when it released its fourth-quarter results on Tuesday (January 31, 2023), but it also gave analysts…
Why Ticketmaster and Live Nation Control the Live Entertainment Industry

Why Ticketmaster and Live Nation Control the Live Entertainment Industry

Ticketmaster and Live Nation are two major companies in the live entertainment industry. Ticketmaster is a ticket sales and distribution company that provides a platform…
Luno, a DCG-owned Cryptocurrency Exchange, Fires 35% of its Workforce Due to Market Unrest

Luno, a DCG-owned Cryptocurrency Exchange, Fires 35% of its Workforce Due to Market Unrest

Exchanging cryptocurrencies The newest company in the sector to announce layoffs is Luno, which plans to reduce 35% of its global personnel. The CEO of…
Tesla is to Invest an Additional $3.6 Billion in Nevada-Based Truck and Battery Production

Tesla is to Invest an Additional $3.6 Billion in Nevada-Based Truck and Battery Production

Tesla announced on social media on Tuesday (January 24, 2023) that it would invest an additional $3.6 billion in heavy-duty truck and expanded battery manufacturing…
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