?? News for the week of March 10
Vinnie Lauria
Founding Partner @ Golden Gate Ventures | Tsinghua | Kauffman Fellow | Endeavor Mentor | VPCA Board
???Happy Belated International Women’s Day!
What better way to celebrate?International Women's Day?than by recognizing that?gender-diverse teams outperform all-male leadership teams by 15%? Diversity drives results, and the data proves it. ???Read more
???FCC Chair’s Warning to Verizon Sparks Controversy
Unfortunately the FCC under Trump is changeling corporates on their diversity, equity, and inclusion (DEI) practices?:-( Most recently going after Verizon for their efforts to promote DEI ?? ?? Reuters
???Markets Brace for Trump’s Trade War Round 2
Donald Trump imposed?25% tariffs?on?most imports from Canada and Mexico.?Tariffs on Chinese goods jumped from 10% to 20%, with warnings of “reciprocal tariffs” for countries with “unfair” trade imbalances. ???Markets reacted fast: The?S&P 500 and NASDAQ erased all gains since Trump's re-election, while?European stocks tumbled. ?? FT
???AI Boom Powers Record VC Funding
US startups raised more cash than at any time since 2021, driven by?AI hype, with?$30B invested this quarter. But?funding is concentrated in a handful of giants, signaling a shift in VC dynamics. And Anthropic Raises $3.5B, Hits $61.5B Valuation ???FT,?TechCrunch
???Generic Obesity Drugs in the Works
Weight-loss drugs set for new boom as generic versions emerge of Ozempic and Wegovy?as?Novo Nordisk’s patents start expiring in 2026. This could shake up the booming?weight-loss drug market. ???The Guardian
???TSMC Invests $100B in the US, Avoids Tariffs
Taiwanese chip giant?TSMC?pledged an?additional $100B?for?three new US factories, securing?a tariff exemption from Trump. He’s using this to argue against Biden’s?CHIPS Act?subsidies. ???The Verge
?? BYD's Hong Kong Share Sale Signals Market Revival
BYD's $5.6 billion share sale in Hong Kong, the largest in four years for the city, signifies a potential revival for Hong Kong's IPO market. This move underscores the city's role as a financial hub for Chinese companies with global aspirations. ?? Bloomberg
????Oil Prices Tumble to 3-Year Low Amid Trade War Fears
Oil prices?dropped nearly 3%?to their lowest level in three years as concerns mount that?Trump’s tariffs will slow economic activity and?cut crude demand. Personally, I have a different perspective here that a stronger US market will drive consumer demand globally. ?? FT
Founding Partner @ Golden Gate Ventures | Tsinghua | Kauffman Fellow | Endeavor Mentor | VPCA Board
1 周Thanks M for the nudge / reminder