Join Us Sunday, June 21
Ken Griffin urges NYC business leaders to fight socialist mayor Mamdani

Billionaire Citadel founder Ken Griffin is encouraging New York’s business leaders to take on socialist Mayor Zohran Mamdani, warning that the city’s future could be at risk if employers and investors stay quiet. “They need to find their voice and fight for their city,” Griffin said Thursday at a Manhattan…

Rivian is betting its future on the R2. Here’s the clearest launch road map for the new electric SUV.

Rivian’s future may ride on a five-seat SUV with animatronic-looking headlights.The R2 — Rivian’s new midsize SUV that launched to customers on June 9 — hits the sweet spot on paper: It (eventually) starts at $44,990, delivers around 300 miles of range across trims, and competes in America’s best-selling new-vehicle segment: midsize SUVs.That makes it super important for Rivian.If it works, Rivian could join Tesla in the tiny club of modern American automaker startups that…

Finance news

View More

Business

View More
Democratic senators want Paramount-Warner Bros merger paused until July 1

Three Democratic senators have urged the Federal Communications Commission (FCC) to put the Paramount-Warner Bros. Discovery merger on pause over concerns about foreign investors controlling what would be one of the largest media companies in the United States. In a joint letter to FCC Chairman Brendan Carr, Sens. Cory Booker,…

Markets

View More
The math behind Silicon Valley’s  millionaire factory

New Levels.fyi analyses show how equity grants at frontier tech companies have turned into life-changing sums.A SpaceX Software Engineer II offer from August 2022 included a $155,000 salary and a $365,000 equity grant that vested over five years. At SpaceX’s IPO valuation, that grant is estimated to be worth more…

Investing

View More