fbpx

3/31/21: What’s Going On

News from around the business world.
(StockStudio Aerials)
(StockStudio Aerials)
Share on facebook
Share on twitter
Share on linkedin
Share on email

“The Covid-19 vaccine from Pfizer Inc. and BioNTech SE safely protects kids 12 years and older, the companies said, results likely to lead to inoculating the children before the next school year. The vaccine was 100% effective in protecting against symptomatic disease in a study of more than 2,200 children, the companies said Wednesday. Researchers also didn’t find any safety concerns, Pfizer and BioNTech said.”

“The at-home fitness start-up Tonal said Wednesday it has raised an additional $250 million in funding, valuing the business at $1.6 billion. That brings Tonal’s total funding to $450 million. Participants in the Series E round include the investment firm Dragoneer, which led the round, along with Cobalt Capital, L Catterton and Sapphire Ventures.”

“Apple Inc. is investing in independent music artists. The tech giant led a $50 million fundraising round for UnitedMasters, a three-year-old artist-services company that helps musicians distribute and market their music while allowing them to keep their copyrights.”

Companies Raising Capital
NameAmountDescriptions
Otrium$120 MillionEnd-Of-Season Fashion Marketplace
imToken$30 MillionCryptocurrency Wallet And Blockchain Tech Startup
HealthPlix$13.5 MillionHelp Doctors Treat Patients More Efficiently
SuperRare$9 MillionNFT Art Marketplace

“Chinese electronics giant Xiaomi Corp. became the latest tech company drawn to China’s burgeoning electric vehicle market, pledging $10 billion over the next decade to the initiative.”

“Huawei Technologies Co. suffered a rare decline in revenue during the fourth quarter last year, as U.S. sanctions hammered its business and sales outside of China fell particularly hard.”

“Alibaba Group Holding Ltd. and DST Global led a $750 million investment round for Chinese grocery app Nice Tuan to help the startup expand in the increasingly competitive industry.”

“Robinhood is redesigning some of its app features — most notably ditching its confetti animation — amid scrutiny over the popular stock trading company’s so-called gamification of investing.”

“Apple said Wednesday that it will build a battery-based renewable energy storage facility in Central California near a solar energy installation that already provides energy for all of its facilities in the state.”

“Unemployment in Brazil rose in January for the first time in four months, figures showed on Wednesday, kicking off the year back above 14% as job growth failed to keep pace with the number of people returning to the labor market to look for work.”

Share on facebook
Share on twitter
Share on linkedin
Share on email

Responses

Your email address will not be published. Required fields are marked *

Related Posts