Hints and tips:
...Three raucous cheers for the e-edition....
...Gifford said Altria was “continuing to explore all options for how we can best compete in the e-vapor category”....
...Earlier this month Altria paid $2.75bn to buy NJOY, an e-cigarette start-up, in its latest bet on the vaping market after losing almost all of the $12.8bn it invested in Juul five years earlier....
...“E-vapour remains the largest smoke-free category in the US and the most successful category in transitioning US smokers away from cigarettes,” Altria chief executive Billy Gifford said on an earnings call...
...Billy Gifford, Altria chief executive, said he believed the tie-up and Altria’s product pipeline “position us well to increase adoption of smoke-free products”....
...Altria chief executive Billy Gifford said he believed the tie-up and Altria’s product pipeline “position us well to increase adoption of smoke-free products”....
...Once high-flying names, including Ark, Baillie Gifford and Chase Coleman’s Tiger Global, were left licking their wounds....
...Replace Fidelity with Baillie Gifford, performance with growth and Polaroid with Netflix and you will see the story is very much the same....
...“I’ve known quite a lot of fund managers who thought risk was spelt R.E.W.A.R.D,” says Arthur Copple, chair of Temple Bar investment trust....
...For the rest of us, I suggest following more tried and tested advice from a different BG: "Nearly every issue (i.e. stock) might conceivably be cheap in one price range and dear in another.” - Benjamin...
...Allbirds, founded in 2015, raised $100m in a Series E funding round in September last year, valuing it at $1bn....
...Tech tools — Angell e-bike The Angell e-bike has élan, which seems appropriate given its French design and origins....
...There are several potential solutions, such as green ammonia or e-fuels produced from renewable energy, but the technologies to use these fuels do not yet exist on a scale or in a form that can be applied...
...Smart reads (and one listen) The outgoing head of Scottish Mortgage Investment, Baillie Gifford’s flagship fund, is departing with some harsh words for ESG screening....
...Benjamin Graham and David Dodd were pioneers in using P/E ratios to find stocks undervalued by the wider market....
...Mr Gifford, 49, took over the chief executive’s duties while he took a temporary medical leave of absence to deal with the illness....
...He was defeated by Randy Feenstra, a state senator, who will now have the chance to run for the seat as the Republican nominee in November....
...But it retains a hefty footprint in China’s financial system, with more than 600m users depositing funds into its Yu’E Bao money market fund....
...Altria paid $12.8bn for 35 per cent of Juul at the end of 2018 but has been forced to write down the value of the stake by more than two-thirds, as regulatory scrutiny over the marketing and safety of e-cigarettes...
...He’s previously given Randy Andy permission to fly around in his private jet, and was invited to the wedding of his daughter Princess Eugenie....
...“But what really matters to society is E.” Mr Wright adds that the pandemic has also highlighted the importance of S — social concerns....
...His tenure was marred by a troublesome bet on the e-cigarette maker Juul Labs. Billy Gifford, most recently Altria’s chief financial officer, will succeed him. More here....
...Backed by a host of well known investors including Tencent, Baillie Gifford and Sequoia Capital, the electric car company was seemingly China’s chosen one to disrupt Elon Musk’s grip on one of the sector...
...Recursion Pharmaceuticals, which uses artificial intelligence to try to discover drugs, has raised $121m in a round led by Baillie Gifford....
...Job market Randy Gelber, formerly head of telecommunications, media and technology investment banking for UBS in Asia, is headed for the US....
International Edition