Here's what billionaire Bill Ackman and other donors to Donald Trump and Kamala Harris are saying about the vice presidential debate:
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Bloomberg News reposted this
It doesn’t just feel like the Supreme Court is becoming more ideological. The data on justice votes are indisputable, as this chart shows. The court’s legitimacy crisis is only getting worse and the justices must take steps to restore public trust, Noah Feldman argues. Read more as part of The Republic of Distrust series for Bloomberg Opinion: https://lnkd.in/eWXYeUH9
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Michael Platt’s BlueCrest is potentially on the hook for $700 million in compensation to investors for favoring its staff in an internal fund, after losing a court fight with the UK’s financial regulator
BlueCrest Loses Court Bid to Block $700 Million Investor Payout
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How is Whitney Cummings finding authentic and innovative ways to evolve her brand? Bloomberg News' Ashley Carman discusses playing to your fanbase with the Comedian, Actor, Writer & Producer at #BloombergScreentime. https://bloom.bg/4cNq9eG
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Bloomberg News reposted this
A spat between two wealthy South Korean families over the future of an $11 billion zinc empire has descended into a bitter battle for control that could hamper efforts to diversify the global supply of energy-transition metals. The power struggle over Korea Zinc Co. — founded by two friends who fled North Korea,and still held by the Choi and the Chang families — has captured headlines, even in a country of large conglomerates, where inheritance fights are common. Few, though, involve private equity backers stepping into the ring to stand against wealthy establishment names. Don’t miss this terrific yarn — Succession-meets-metals-K-drama — from Heesu Lee & Archie Hunter: https://lnkd.in/gXq4UEi8
A Bitter Feud Risks Ripping Apart an $11 Billion Metals Empire
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Apollo CEO Marc Rowan said he doesn’t see a reason for the Federal Reserve to keep cutting interest rates to stimulate the economy right now
Apollo CEO Rowan Warns That Aggressive Rate Cuts Could Backfire
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In this episode of the Elon, Inc. podcast, Jack Sweeney, owner of the suspended @elonjet Twitter account, talks to Kurt Wagner about the deal Musk offered him to try to get him to stop tracking his jet https://trib.al/pxjvltW
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Bloomberg News reposted this
Red Bull may give you wings, but Toyota can give you a ride in a battery-powered air taxi. At least that's the idea behind the Japanese automaker's latest ante into Joby Aviation, a Santa Cruz-based purveyor of eVTOL (electric vertical take-off and landing) aircraft. Toyota's pledge of an additional $500 million brings its total investment in Joby to $894 million, which is a lot for a nascent technology that has yet to gain full certification from the FAA and other aviation regulators. Did I mention the unproven business model? That said, Toyota is hardly alone in taking a flyer on Joby. Other blue chip backers include Delta Air Lines and Intel. And Joby is just one of a handful of eVTOL companies hoping to pioneer a market for short commuter journeys. If it all works out as planned, one day your daily drive may be in a flying Camry. For more on Toyota's big bet on eVTOLs, click: https://lnkd.in/ej-RHQYJ #EVTOL #AirTaxi #Toyota #Joby
Toyota to Invest $500 Million in Air Taxi Startup Joby Aviation
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Bloomberg News reposted this
In a column last week I reported how #Sonos staff had been "yelling" and "screaming" in meetings because of their frustration at the quality of the company's new app. The launch went ahead anyway -- and the rest is calamitous history. Sonos has now announced its "commitments" to customers and employees to make sure such mishaps don't happen again. One of them is to appoint a company "ombudsperson" to gather employee concerns and regularly present them to the board. (The Verge has more on the commitments here: https://lnkd.in/e4Fy6XrB ) Here's the column if you missed it on Bloomberg Opinion last week:
How Sonos Botched an App and Infuriated Its Customers
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Bloomberg News reposted this
Every year the Aspen Economic Strategy Group gathers leaders to find common ground on policy differences. Director Melissa Kearney says they are seeing a move towards a more nationalist sentiment from both parties. Watch "Wall Street Week" with David Westin Friday at 6pm ET https://trib.al/kT68rsC