AILEEN LEE, a venture capitalist who founded an investment firm called Cowboy Ventures, coined the term “unicorn” in 2013 to refer to what was then a rare, mythical species: privately held startups valued at $1bn or more. Any magical attributes aside, today they are commonplace—and becoming ever more so. Consumers, who stand to benefit from…
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General Motors Co. is recalling its 2017-2019 model year Chevrolet Bolt battery-powered cars for the second time in less than a year, after two vehicles that had been repaired in a previous recall caught fire.
European regulators cleared Moderna Inc.’s Covid-19 shot for children aged 12 to 17, offering a second weapon in the push to vaccinate teenagers on the continent as the delta variant spreads.
Some of the world’s biggest footwear and garment companies are seeing production pinched as factories in Southeast Asia struggle to keep the lights on amid one of the world’s deadliest Covid-19 resurgences.
They say the only people who got rich in the 1849 gold rush were the merchants who sold shovels to would-be prospectors. In the 2021 gold rush for meme stocks, it may end up being the pilots of planes that tow banners who make the real money.
Source: Bloomberg, 22:13