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1/22/21: What’s Going On

Google, Apple and more from around the business world.
(Gofkein)
(Gofkein)
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“President Biden will sign a pair of executive orders Friday to strengthen the federal safety net, boost economic relief and enhance worker protections, as the U.S. continues to recover from the pandemic-induced recession. Mr. Biden will ask agencies across the government to take immediate steps to enhance federal benefits, such as expanding food assistance, improving distribution of stimulus checks and clarifying that workers may refuse jobs with unsafe working conditions and still qualify for unemployment benefits, administration officials said Thursday.”

“The company behind Purell hand sanitizer is making a big bet that America’s fixation on clean hands will outlast the global Covid-19 health crisis. Gojo Industries Inc. added both a factory and a warehouse—the family-owned company had just one of each before the pandemic—and restructured its supply chain, all with the expectation that demand for hand sanitizer will remain exponentially higher than before the pandemic.”

Companies Raising Capital
NameAmountDescription
VSPN$60 MillionChinese Esports “Total Solutions Provider” For Competitions
Omnipresent$15.8 MillionPlatform To Employ Remote-Workers Globally

“Aichi Automobile Co. is seeking to raise fresh funds that could value the Chinese electric-vehicle startup at more than $2 billion before its potential U.S. initial public offering, according to people familiar with the matter.”

“The eurozone economy has suffered a weak start to the year, with high coronavirus infection rates and government restrictions increasing the risk of a second recession since the pandemic first struck last year.”

“ViacomCBS Inc. will begin a 13-week marketing campaign for its coming Paramount+ streaming service with advertising during the National Football League’s AFC Championship game this Sunday, followed by ads during the Super Bowl, the Grammy Awards, the Masters and March Madness.”

“Google threatened to shut down its search engine in Australia if a proposed law requiring tech giants to pay publishers for news isn’t changed.”

“Apple Inc. is working on a thinner and lighter version of the MacBook Air, the company’s mass-market laptop, according to people with knowledge of the matter.”

“Samsung Electronics Co. is considering spending more than $10 billion building its most advanced logic chipmaking plant in the U.S., a major investment it hopes will win more American clients and help it catch up with industry leader Taiwan Semiconductor Manufacturing Co.”

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