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3/1/21: What’s Going On

News from around the business world.
(Alena Veasey)
(Alena Veasey)
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“Johnson & Johnson’s single-dose Covid-19 vaccine is expected to reach states and vaccination sites as early as Tuesday, the Biden administration said. The Food and Drug Administration’s authorization of the vaccine would lead to an initial supply of nearly 4 million doses delivered as early as Tuesday morning, administration officials said Sunday.”

“The NFL is close to announcing its renewed TV deals. The last holdout, Disney, had apparently agreed to the broad outlines of a deal with the league that would cost it $2.6 billion a year, according to the Sports Business Journal. That’s a 30% increase from the last deal it signed in 2011, the site reported.”

Space-transportation startup Rocket Lab USA Inc. is nearing an agreement to go public by merging with a special-purpose acquisition company, as a wave of such deals rolls on. Rocket Lab is in talks with Vector Acquisition Corp. VACQ -0.68% about a deal that would value the U.S.-New Zealand startup at around $4.1 billion including debt, according to people familiar with the matter. The transaction could be finalized by Monday, assuming talks don’t fall apart.

Companies Raising Capital
NameAmountDescriptions
Axonius$100 MillionAsset Management Cyber Security Platform
Dream Games$50 MillionIstanbul-Based Mobile Gaming Startup
Employment Hero$45 Million AUDHuman Resources Platform
Gitai$17.1 MillionBuilding The Robotic Workforce Of Commercial Space

“China may have blunted the pandemic’s impact on its economy, but a shortfall in babies is clouding its growth horizon.”

“Blacklane, an upscale ride-hailing company whose biggest investor is Daimler AG, is launching a new inner-city service in New York on Monday, seeking to challenge the black car services of rivals Uber and Lyft as the coronavirus pandemic continues to reshape the industry.”

“Cloud-communications company Twilio Inc. is in talks to invest as much as $750 million in Syniverse Technologies LLC in a precursor to a public listing for the private-equity-owned messaging company.”

“Lime said Monday it has allocated $50 million towards its bike-share operation, an investment that has been used to develop a new ebike and will fund its expansion this year to another 25 cities in North America, Europe, and Australia and New Zealand.”

“Monday brings with it not one, but two space SPACs – there’s Rocket Lab, and there’s Spire Global, a satellite operator that bills itself primarily as a SaaS company focused on delivering data and analytics made possible by its 100-plus spacecraft constellation.”

“Citi thinks bitcoin is at a ‘tipping point’ and could one day ‘become the currency of choice for international trade’ as firms like Tesla and PayPal warm to it and central banks explore issuing their own digital currencies.”
“Sports drink maker Gatorade is launching its first ever wearable device, the Gx Sweat Patch. The patch is a one-time-use wearable that analyzes sweat to provide athletes with insights about their athletic performance and hydration levels. It’s Gatorade’s latest product at a time when the sports drink marketplace is becoming increasingly crowded.”

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