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3/23/21: What’s Going On

News from around the business world.
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“Administration officials are crafting a plan for a multipart infrastructure and economic package that could cost as much as $3 trillion and fulfill key elements of President Biden’s campaign agenda, according to people involved in the discussions. The first proposal would center on roads, bridges and other infrastructure projects and include many of the climate-change initiatives Mr. Biden outlined in the “Build Back Better” plan he released during the 2020 campaign.”

“No longer a working member of the royal family, Prince Harry has a new job: executive at a Silicon Valley startup. The Duke of Sussex will become chief impact officer of BetterUp Inc., the fast-growing coaching and mental health firm, the company plans to announce Tuesday. The role is the latest foray into business for the duke who, with his wife, Meghan Markle, relinquished roles as full-time working members of the British monarchy and have tapped into their celebrity with a string of lucrative deals in recent months.”

“Pfizer Inc. aims to expand its vaccine business by becoming a leader in the new gene-based technology behind its successful Covid-19 shots. Pfizer will develop new shots using the technology, called mRNA, to target other viruses and pathogens beyond the coronavirus, Chief Executive Albert Bourla said in an interview. He said the company’s scientists and engineers gained a decade’s worth of experience in the past year working on the Covid-19 vaccine with Germany’s BioNTech SE, and is ready to pursue mRNA on its own.”

Companies Raising Capital
NameAmountDescriptions
Ro$500 MillionRemote And In-Home Primary Care Platform
Dataminr$475 MillionReal-Time Insights Based On Public Data
Loft$425 BillionReal Estate Platform
Jumio$150 MillionAll-In-One ID Authentication Platform

Reminder: “Weeks after GameStop Corp. played a starring role in a Wall Street trading frenzy, the videogame retailer’s financial performance and fundamentals are returning to center stage.”

“U.S. officials said they were told AstraZeneca may have released outdated information in its disclosure of trial results for its Covid-19 vaccine that could have ‘provided an incomplete view of the efficacy data.’”

“Travelers are starting to fly again, offering some relief to beleaguered airport shops and restaurants after the pandemic brought most travel to a standstill.”

“U.S. cloud services provider Box Inc is exploring a sale amid pressure from hedge fund Starboard Value LP over its stock performance, according to people familiar with the matter.”

“Sportradar has reached an agreement to buy data and video analytics provider Synergy Sports from a firm backed by Los Angeles Dodgers co-owner Todd Boehly.”

“Microsoft Corp., one of the first American companies to ask staff to shift to remote work more than a year ago as the coronavirus pandemic hit, is ready to begin welcoming employees back to the office.”

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