Silicon Valley startups buy each other out all the time, but rarely with implications for the Pentagon. That’s not true for the latest news from Mountain View, Calif., home of autonomy developer Applied Intuition, which is acquiring a smaller California drone firm called EpiSci. It’s a marriage of two military contractors on the cutting-edge of … Read more
Tamara Mellon co-founded the business in 1996 with Jimmy Choo, and now she is reportedly among the players interested in buying the brand from Capri Holdings, according to WWD. Mellon and then-CEO Joshua Schulman left the company in 2011 after selling it to Labelux, and the Jimmy Choo brand went public in London three years … Read more
Honeywell will split itself into three separate companies, the company said yesterday as it announced a plan to break up its automation and aerospace businesses in addition to a previously-announced spin off of its advanced materials unit. “Unprecedented demand” in both commercial and defense aerospace sectors led to the company’s decision to break off that … Read more
Well, they made it official: The Justice Department no longer serves the United States, it serves Donald Trump personally. Buried in new Attorney General Pam Bondi’s memo dump between the empty platitudes about “justice” and the barely concealed threats against career prosecutors is a single phrase marking a tectonic shift in the DOJ’s purpose. Bondi … Read more
Wall Street Prepares to Defend a Favored Tax Break, Again [NYT] Presidents have tried to kill it before, including Barack Obama, Joe Biden — and yes, Trump, who once called the tax break “good for Wall Street investors and for people like me but unfair to American workers….”Heavy lobbying by industry groups undoubtedly helped keep … Read more
Many predicted increased M&A activity in the digital health space in 2025, and so far they seem to be right. On Wednesday, telemedicine company Teladoc Health announced that it plans to acquire virtual preventive care company Catapult Health in an all-cash transaction for $65 million. Purchase, N.Y.-based Teladoc Health, which went public in 2015, offers … Read more
As it is wont to do, the stock market got out a bit ahead of its skis in this whole artificial intelligence craze. When Chinese artificial intelligence developer DeepSeek released its latest AI model, R1, with claims that it could match the performance of OpenAI’s platforms at a fraction of the cost, American tech stocks … Read more
The nation was transfixed by the December murder of UnitedHealthcare CEO Brian Thompson, and the subsequent arrest of Luigi Mangione, which seemed to implicate the American healthcare system as a motive for the attack. It also spurred a ton of vitriol against the industry — and UnitedHealthcare specifically. Now the company is fighting back against … Read more
Former Locke Lord partner, Mark Scott, was convicted in 2019 on federal conspiracy to commit bank fraud and conspiracy to launder money charges. Last year, Scott was sentenced to 10 years in prison for his role in the $400 million cryptocurrency scheme and was ordered to turn over $392 million in assets. As with most … Read more
Congratulations to White House Press Secretary Karoline Leavitt, whose tweets made it into yet another legal filing this week. This is NOT a rescission of the federal funding freeze. It is simply a rescission of the OMB memo. Why? To end any confusion created by the court’s injunction. The President’s EO’s on federal funding remain … Read more