The gift is the latest in a long line Mr. Bloomberg has made to universities over many years and comes as cities are stressed by the coronavirus pandemic and related revenue shortfalls.
The gift is an extension of the Bloomberg Harvard City Leadership Initiative, which Mr. Bloomberg launched in 2017 with a $32 million gift. The additional money will go toward hiring 10 professors, building out programs to train mayor at Harvard and facilitating two year fellowships for Harvard graduate students in mayoral offices around the world.
Read the full story on The Wall Street Journal here.
Eric Yuan, who owns almost one-fifth of the video-conferencing company, is now worth about $22 billion, according to the Bloomberg Billionaires Index.
The stock jumped as much as 12 per cent in post-market U.S. trading, as Zoom said revenue could climb 43 per cent in fiscal 2022, more than the 37 per cent analysts tracked by Bloomberg estimated on average.
Through the initiative, announced Tuesday, nonprofits and some municipal projects around the country would receive funding through the American Family Insurance Dreams Foundation — a total of $53 million. The rest of the money would be used to invest in startups with focuses on positive social or environmental change through the American Family Insurance Institute for Corporate and Social Impact.
Read the full story on the Wisconsin State Journalhere.
The San Francisco-based company, founded by Chief Executive Officer Jesse Powell in 2011, is in discussions with firms including Fidelity, Tribe Capital and General Atlantic, said people familiar with the matter, who requested anonymity because the talks are private. Terms, including lead investors, aren’t final, but Kraken’s valuation could surpass $20 billion depending on demand, one of the people said.
The biggest U.S. bank signed an agreement to refer local business to BBVA Mexico, the local unit of Banco Bilbao Vizcaya Argentaria SA, said one of the people. Still, the New York-based firm will continue to serve clients from Mexico through its platform outside of the country, one of the people said.
With automakers pouring billions into EV development, governments championing lofty climate goals, and more drivers looking to go electric, Sherritt is pinning its future on its open-pit Moa mine in Cuba. The joint-venture, half-owned by the Cuban government, sends mixed sulphides to Sherritt’s facility in Alberta to be refined into finished nickel and cobalt products.
MSCI’s gauge of Asia Pacific stocks outside Japan was up 1.25% mid-morning, building on Monday’s rise. Hong Kong’s Hang Seng Index and China’s benchmark CSI300 Index opened 1.7% and 0.33% higher, respectively. Japan’s Nikkei 225 gained 0.67%.
Markets were buoyant ahead of negotiations Tuesday between U.S. President Joe Biden and Republican senators on a new COVID support bill. The GOP’s $618bn stimulus plan released early Monday was about a third the size of the President’s proposal. Top Democrats later on Monday filed a joint $1.9 trillion budget measure in a step toward bypassing Republicans.
With valuations in clubs rising to astronomical levels, the NBA joined the private equity chase when owners approved a plan to allow investment firms to own stakes in teams. NBA executive J.B. Lockhart is one the individuals who oversees this strategy and the league picked Dyal Capital as its partner.