’60 Minutes’ Producer Jeff Fager Fired for Threatening Text, Hurricanes and Typhoons are the Same, Dan Loeb’s Campbell’s Battle, Trump’s Best Pick and Naomi Osaka Gets Adidas Deal

Good Thursday Morning,

Daylight – It’s crunch time for Entrepreneurs on the Carolina seaboard coastline. Stay or go?

Go, but tell your governor not to do us any more favors by calling mandatory evacuations on Monday for a Friday-Saturday hurricane.

Live Rounds – Evacuations are pretty exoteric – pull in patio furniture in and load up the car so how much time does that take? A few hours, not the whole work week which caused Entrepreneurs to take live rounds and pay a month of expenses on three weeks’ revenue. Don’t think this is just a B2C problem, it’s an absolute killer of focus for B2B. Evacuation without representation.

Culture – By the way, a super typhoon with 150 mph winds will hit the Philippines dead center tomorrow. They are getting out of Dodge today. Just so you know, typhoons and hurricanes are the same weather phenomena – just called different names whether it is in the Atlantic or Pacific Rim.  

M&A – A battle for control of Campbell Soup is underway as Dan Loeb and Third Point hedge fund have launched a proxy fight to replace the company’s board, but it will not happen. The founding family members still control about 40 percent of the voting shares and oppose a sale.

SS&C Technologies Holdings agreed to buy Intralinks Holdings, a data sharing platform, for $1.5 billion.

Pamlico Capital acquired Personify, a provider of constituent management and engagement software solutions to nonprofit organizations, from Rubicon Technology Partners.

InterVision Systems acquired Infiniti Consulting Group, a provider of cloud services and IT consulting solutions.

Style – Word of the Day: exoteric [ek-suh-ter-ik] adjective

popular; simple; commonplace.

Economics – Pivotal Software added just 15 subscription customers vs. 20 in the last Q. Pitiful, and it’s why the stock is crashing 23 percent in the premarket even when revenues grew to $163 million, a 30 percent increase year over year. It’s more about last Q and underscores a key point: It’s highly risky to buy a recent IPO stock just before quarterly results. Go gamble on a riverboat – it’s more fun.

Buzzard’s Roost – President of CBS News David Rhodes had a feisty meeting in the broadcaster Manhattan office when he dropped by yesterday afternoon to tell the 60 Minutes team their executive producer Jeff Fager was fired.

The team pushed back when they were told it was not directly related to harassment allegations but a “threatening” text message sent to CBS reporter Jericka Duncan who was writing a story on the Moonves allegations. Fager showed the message to colleagues – he demanded she be fair. Don’t ask me why, but you can’t do this. Maybe a water cooler conversation.

Hot – If you want to know who is doing the the best job in Washington, it is Scott Gottlieb, FDA commissioner who warned yesterday that teenagers’ use of e-cigarettes had reached an “epidemic proportion.” It gave Juul and four other manufacturers 60 days to prove they could keep their products away from minors or face a ban.

He also is sending warning letters to 1,100 retailers – including 7-Eleven stores, Walgreens stores, Circle K convenience shops and Shell gas stations – for selling e-cigarettes to minors.

By the way, he is also streamlining out a great deal of pure MD territorial bureaucracy from the approval of drugs. Is is surprising the person who is doing the most work is getting the least TV attention. He is Trump’s best pick.

Naomi Osaka, who won a controversial, penalty-ridden US Open tennis final against Serena Williams, is signing a clothing deal with Adidas worth $8.5 million yearly. It’s reportedly the biggest such deal in women’s tennis and it is a mistaken reaction to Nike’s Kaepernick campaign.   

Investment Banking – Stella Point Capital made an investment in Vereco, a provider of healthcare document services.

ShoreView Industries made an investment in MDC, a provider of vertical interior spaces.

Hedge Funds – APG and Corsair Infrastructure Partners agreed to acquire a majority stake in Itinere, an operator of five toll road concessions.

IPO – Nio, a Chinese rival to Tesla, priced its IPO near the low end of its range late Tuesday. IPO stock opened lower Wednesday, but closed up 5.4 percent to 6.60. They launched a seven-seat luxury electric SUV in the past year, with a five-seat model on the way.

ARYA Sciences Acquisition, a blank check company planning to acquire a healthcare business, filed for a $125 million IPO.

Venture Capital – OncoResponse, an immunotherapy company, raised $40 million.

Atrium, a provider of legal services for fast-growing companies, raised $65 million.

Pendo, a developer of a SaaS-based platform that helps companies measure the customer experience within their applications, raised $50 million.

StreamSets, a provider of data ingest technology for big data applications, raised $35 million.

AutoGrid, a provider of artificial intelligence-driven optimization and controls for the energy industry, raised $32 million.

RapidRatings, a provider of financial health analysis, raised $30 million.

Corelight, a provider of network visibility solution for cybersecurity, raised $25 million.

Spotlight – Randall Redding and RKR Construction team brought home the 2018 National AGC Safety Award. This is significant because it recognizes RKR for having zero incidents for at least the past three years. Research shows happy people have less accidents.

And that’s what’s ahead, Cliff

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