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3/2/21: What’s Going On

News from around the business world.
(Cineberg)
(Cineberg)
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“Administering Covid-19 vaccines comes with a valuable perk for retail pharmacies: access to troves of consumer data. Chains such as CVS Health Corp., Walmart Inc. and Walgreens-Boots Alliance, Inc. are collecting data from millions of customers as they sign up for shots, enrolling them in patient systems and having recipients register customer profiles.”

“Inflation is near a decade low and well below the 2% level the Federal Reserve targets as ideal. The usual conditions for rising inflation—tight job markets and public expectations of rising prices—are glaringly absent. Yet anxiety about inflation is at a fever pitch, among economists and in markets, where long-term interest rates have been grinding higher since President Biden unveiled plans for huge new fiscal stimulus.”

“Roku announced a deal to buy some key ad tech assets from advertising data firm Nielsen. The software Roku is buying fortifies its in-house ad technology and helps bring it toward the nirvana of streaming television: combining the targeting of digital advertising with the quality of TV-level programming.”

Companies Raising Capital
NameAmountDescriptions
Rohlik$230 MillionCzech, On-Demand Grocery Delivery Startup
Flink$52 MillionBerlin-Base Grocery Delivery Startup That Operates Its Own ‘Dark Stores’
Crisp€30 MillionAmsterdam-Based, Online-Only Supermarket Focused On Fresh Produce
Apna$12.5 MillionJobs App For Indian Workers

“Facing discontent among employees, Ant Group Co.’s leader said the Chinese financial-technology giant would eventually go public and that the company would look for ways to help workers monetize some of their shares.”

“About 735 cases of a coronavirus variant that emerged in New York City in November have now been identified in the U.S., including 585 in the last two weeks, a federal health official said.”

“A pair of South Korean battery makers made their pitches to the Biden administration about a disputed factory project under construction in Georgia seen as key to the electric-car plans of Ford Motor Co. and Volkswagen AG.”

“President Joe Biden on Sunday expressed support for Amazon workers at a facility in Alabama who are in the midst of a historic unionization vote.”

“Hertz Global Holdings Inc. floated a bankruptcy restructuring Tuesday that would hand control to investors led by Certares Management LLC and Knighthead Capital Management LLC for up to $4.2 billion in equity capital while resolving one of the largest debt defaults stemming from the Covid-19 pandemic.”

“Twitter Inc. is expanding the use of its strike system to include users who spread misleading information about Covid-19 and its vaccines, the social-media platform’s latest attempt to curb the spread of potentially harmful content.”

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