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Good Tuesday Morning,
Daylight – Can Business solve the mass shootings? Credit card companies and banks could reject the sale of assault weapons like it does for the purchase of cryptocurrencies. Let me think about which one is more dangerous. Deny sale to anyone under the age of 21. School suspensions – let’s go to the bookstores instead of the gun stores – deny sale. Police visited your home – not a good sign – deny sale.
Buzzard’s Roost – What about Congress – understand Paul Ryan got the numbers over the weekend. A gun floor vote would cost 32 Republican primary battles, then 20 seats in general and, ultimately, a speakership. For them it’s math and seats, not lives. Business will have to do the heavy-lifting. What else is new.
By the way, Marjory Stoneman Douglas high school was named after a Miami reporter who wrote stories and a book called A River of Grass in 1947 to protect the Everglades.
M&A – Google will buy Xively, a catalog and online retailer of products, from LogMeIn for $50 million.
Walmart advances in talks to buy a stake of more than 40 percent in Flipkart, an e-commerce firm.
Roche agreed to acquire Flatiron Health, a startup analyzing real-time oncology data, in a $1.9 billion deal.
Grey Mountain Partners acquired CHEP Recycled Pallet Solutions, an Atlanta-based whitewood pallet recycler, from Brambles.
OpenText acquired Hightail, a cloud service for file sharing and creative collaboration.
Style – No limits for Rhodes scholars. For the first time in the 116-year history of the scholarship program at Oxford University, students from anywhere in the world can qualify.
Word of the Day: glissade [gli-sahd, -seyd] noun
a skillful glide over snow or ice in descending a mountain. Bank that one for the Vail ski trip.
Economics – Before you go, you should know the new San Fran Transbay Transit Center opens in June and is advertised as the “Grand Central of the West.” Don’t worry, Techies will rebrand it with a shorter name and it might not be so good. Critics call it a glorified, expensive ($6 billion) bus terminal with a 5.4-acre park on the roof with a running track and an outdoor theater.
Public support for the tax overhaul is rising over 50 percent. It has also made BlackRock more optimistic about stock prices and Republicans are optimistic on elections.
Live Rounds – Fox News will introduce a new 24×7 streaming service for “superfans.” Focusing on right-leaning commentary, it would be available without a cable package.
Two images of the same cuttlefish above, taken fewer than two seconds apart, showing how quickly it can change color.
Biologists at the University of Cambridge have discovered that cuttlefish known as masters of camouflage and whose shape-shifting talents have fascinated marine biologists for decades, can lock hundreds of tiny structures under their skin into an upright position, giving themselves a particular texture, then go on their way without expending any energy to keep up the look.
Culture – Best Valentine card of year – You vote red, I vote blue. Debate is hot, and so are you.
Investment Banking – Apollo Global Management acquired a majority stake in Tidewater Logistics, a Texas-based provider of specialized logistics and operational services for the frac sand market.
Hedge Funds – Granicus will acquire Vision Technology Solutions, a provider of website for government organizations.
IPO – Run-of-the-Mill Stuff.
Venture Capital – Uncommon.co, a talent marketplace, raised $18 million.
LiveLike, a sports viewing startup, raised $9.6 million.
Roostify, a digital lending platform provider, raised $25 million.
onXmaps, a provider of mobile mapping technology for outdoor adventurers, raised $20.3 million in funding.
Celularity, a company that uses stem cells found in the human placenta to regenerate tissue and organs needed to treat cancer and other diseases, raised $250 million.
Transparency Life Sciences, a provider of digital drug development clinical services, raised $5 million.
Live – Oxford Center – What Entrepreneurs Really Need To Know About Trump’s Tax Plan: Deductions, Depreciation and Divorce
February 22 from 9:00 am – 11:00 am
5 Concourse Parkway Suite 1000 (Queen Building)
Atlanta, GA 30328
Bring Your CFO or Controller
Venture Capital – Adaptive Studios, an entertainment studio, raised $16.5 million.
HyperGrid, an enterprise cloud-as-a-service company, raised $15 million.
Lumi.com, a maker of packaging and branded supplies, raised $9 million.
Algorand, a blockchain-based payments platform, raised $4 million.
BlockFi, a provider of loans to crypto-asset owners using their bitcoin and ether holdings as collateral, raised $1.55 million in funding.
And that’s what’s ahead, Cliff