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Airbnb Secures $1B Investment From Silver Lake, Sixth Street

Airbnb said on Monday private equity firms Silver Lake and Sixth Street Partners will invest $1 billion in the U.S. home rental company, bolstering its finances at a time when the coronavirus outbreak has roiled the travel and leisure industry.
Read by 34% of LPs 6 minutes ago

Coronavirus Unnerves Us Wind Energy Market During A Record Year For Construction

After a decade of dramatic ups and downs, 2020 was supposed to be a climax year for U.S. wind farm construction. Instead, with the coronavirus pandemic rattling supply chains and thinning workforces, things could get messy for an industry that should be taking a victory lap. Developers are poring over force majeure provisions in their contracts. Investors are nervous. Without political relief, projects could get canceled outright, industry figures say -- and relief in Washington, D.C. looks anything but certain. Every industry has been affected by the outbreak and its economic shock.
Read by 45% of LPs 6 minutes ago

Tech Start-ups Stressed In The Time Of Covid-19, But The Big Guys Rake In | Business Standard News

Neither Silicon Valley nor India tech Inc has been granted any real monetary respite by their governments. But in true start-up spirit, both are fighting it out.
Read by 45% of LPs 6 minutes ago

India To Continue Prompt Fuel Exports For At Least Two More Weeks - The Economic Times

Indian Oil Corp, Bharat Petroleum Corp and Hindustan Petroleum Corp control about 90% of fuel pumps in India, where falling fuel consumption has deepened crude refining cuts by state refiners. Some have declared force majeure on crude purchases as storage facilities are full.
Read by 31% of LPs 56 minutes ago

Utah's Podium Raises $125m Series C Led By Yc After Reaching $100M Arr - Techcrunch

This morning, Utah-based SaaS startup Podium announced that it has closed a $125 million Series C led by Y Combinator's Continuity fund, with participation from Sapphire Ventures and Alkeon, and Recruit Co. Ltd. Prior investors IVP, GV, Summit, and Accel also took part in the funding event. The new capital values Podium at around $1.5 billion, and brings [...]
Read by 61% of LPs 1 hour, 6 minutes ago

Billionaire Bill Ackman Plowed More Than $200M Into Warren Buffett's Berkshire Hathaway After The Coronavirus Sell-off | Markets Insider

"Berkshire Hathaway was built by Warren Buffett to withstand a global economic shock like this one. ": Billionaire investor Bill Ackman bought more than $200 million worth of Berkshire Hathaway stock after the novel coronavirus ravaged stock markets, signaling his confidence in Warren Buffett's conglomerate. "Berkshire Hathaway was built by Warren Buffett to withstand a global economic shock like this one," Ackman said in Pershing Square's 2019 annual report, published this week. The hedge fund boosted its stake in Berkshire by 39% last month using some of the $2.6 billion windfall from its coronavirus hedges, Ackman said in the report.
Read by 73% of LPs 1 hour, 6 minutes ago

Miso Robotics Launches Crowdfunding Campaign For Autonomous Kitchen Robots

Miso Robotics announced the official launch of its crowdfunding campaign, which aims to raised $30 million in equity funding. : Today marks the official start of Miso Robotics' series C equity crowdfunding campaign, which the startup announced in November 2019 in collaboration with Circle's SeedInvest and Wavemaker Labs. After securing U.S. Securities and Exchange Commission approval, Miso raised $2.6 million in reservations (with over $860,000 underway) following an $80 million pre-money valuation last year, with the goal of raising $30 million over the next few months.
Read by 41% of LPs 1 hour, 36 minutes ago

Singapore's Covid-19 Response Reaffirms Country's 'prudent Fiscal Policy': Heng Swee Keat - Cna

SINGAPORE: The COVID-19 crisis has re-affirmed the value of Singapore's key institutions and the key tenets of the country's "prudent fiscal policy", said Deputy Prime Minister Heng Swee Keat on Tuesday (Apr 7). These include spending prudently, investing wisely and planning consistently for the ...
Read by 46% of LPs 1 hour, 56 minutes ago

China's Aispeech Closes $58M In Series E Round Led By Ctc Capital

The round also saw the participation of BAIC Capital and Goldstone Investment. The post China's AISpeech closes $58m in Series E round led by CTC Capital appeared first on DealStreetAsia.
Read by 72% of LPs 2 hours, 6 minutes ago

Letter To Governments Of The G20 Nations | Vox, Cepr Policy Portal

The gravity and urgency of the entwined COVID-19 public health and economic crises must be reflected in an unprecedented response. In this letter world leaders, leading global health experts and economists outline what is needed. The two crises require urgent specific measures that can be agreed on with speed and at scale. Both require world leaders to commit to funding far beyond the current capacity of our existing international institutions.
Read by 50% of LPs 2 hours, 6 minutes ago

Coronavirus Government Response Updates: Trump, Task Force Say Mitigation Is Working

The White House coronavirus task force warns Americans to brace for a moment like 9/11 or Pearl Harbor. President Donald Trump pushes unproven antimalarial drug.
Read by 38% of LPs