January 21, 2022

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Elon Musk’s ‘Ticking Tax Time Bomb’

Elon Musk’s ‘Ticking Tax Time Bomb’

Local weather negotiators attempt to resolve a math drawback at COP26. Because the U.N. local weather summit enters its second week, authorities officers are looking for new ways to achieve emissions cuts, The Wall Road Journal studies. The issue: Commitments made throughout COP26 to date don’t come near serving to keep away from the worst results of worldwide warming.

Rivian raises the stakes for its market debut. The electrical automobile maker raised price expectations for its I.P.O., which might worth the corporate at greater than $65 billion. That may make Rivian value practically as a lot as Ford — which outfought G.M. to invest in the start-up — when it goes public as quickly as this week.

The live performance trade reckons with a lethal competition. After eight people died on the Astroworld music occasion in Houston amid a crowd surge, questions emerged about authorized legal responsibility, together with for the organizer, Stay Nation. Metropolis officers had expressed concerns about crowd management and the exuberance of followers after the pandemic hiatus.

Deep Nishar, one of many high traders at SoftBank’s $100 billion Imaginative and prescient Fund, is becoming a member of the enterprise capital agency Common Catalyst in January, The Instances’s Maureen Farrell studies. His departure follows a number of different senior Imaginative and prescient Fund companions over the previous two years, together with Jeff Housenbold, Michael Ronen, Colin Fan and Ervin Tu. (Nishar said in September that he would go away SoftBank on the finish of the yr.)

Nishar was one of many first executives Masa Son employed to rebuild SoftBank in Silicon Valley after scaling again within the U.S. following the dot-com bust. Nishar, one of many Imaginative and prescient Fund’s most senior leaders, stood out as one of many few whose bets paid off because the fund reeled from underperforming investments in WeWork and others. Huge hits embrace his investments within the well being care firms Guardant Well being and 10x Genomics. Regardless of saying his departure, “Masa and I proceed to speak every single day,” Nishar stated in an interview.

At Common Catalyst, Nishar will go after large multidisciplinary concepts, together with these on the intersection of expertise, well being care and life sciences, stated Hemant Taneja, Common Catalyst’s managing companion. Taneja’s makes an attempt to recruit Nishar came to visit years of lengthy walks round Silicon Valley, even earlier than he joined SoftBank in 2015. Now, he’s received his man.

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