Hints and tips:
...Armstrong here, back after a week in California....
...The gains for Silver Lake are equal to a net multiple on the equity it invested into VMware of 7.3 times for its 2013-era flagship private equity fund, and 3.1 times for a later fund that was raised in 2018...
...Still, multiple law firms in California have already established a speciality in self-driving car accidents....
...Weeks after its 2021 initial public offering, Rivian, the lossmaking California-based electric truckmaker, was briefly worth more than Volkswagen....
...Handler, whose clients over the years included Cisco Systems, Motorola and Qualcomm, had established Centerview’s office in Palo Alto, California, in 2016....
...One in eight mammograms produces a false negative result while the rate of colonoscopies can be between 7 per cent and 25 per cent, according to Grail....
...In other west coast news: Elon Musk is using Twitter’s $7.75mn severance payment to whistleblower Peiter “Mudge” Zatko as yet another argument to jettison his $44bn deal....
...France’s Engie and Spain’s EDP Renewables, under the snazzy joint venture name of Central California Offshore Wind LLC, will develop a project together....
...Amazon has been the most active, with $15.3m spent in the first three quarters of the year, versus $9m at Google and $7.8m at Microsoft....
...The California-based company, along with its tech giant peers, also faces serious potential threats to its business in the upcoming Digital Markets Act, a draft policy proposal that seeks to curb the industry...
...Lightspeed, based in Menlo Park, California, has discussed raising a growth equity fund as large as $2bn that can invest globally, two people familiar with the discussions said....
...On December 7 California-based Silver Lake and its rival Thoma Bravo — which together held roughly 75 per cent of SolarWinds at the end of September and have three executives each sitting on its board —...
...In December, California-based buyout group Hellman & Friedman essentially sold Verisure to itself, by transferring a near-60 per cent stake in the company from one fund to another, a practice that has gained...
...The California-based investment adviser Glendon Capital was also said by a former investor to be one of its biggest backers, but a person close to the group said it had sold its position....
...Two UK local authority pension funds, the £7.6bn Essex Pension Fund and the £8.2bn South Yorkshire Pensions Authority, have also voiced concerns about Mr Black’s payments to Epstein, which were first reported...
...Apple, the biggest company in the S&P 500, lost a relatively modest 7 per cent for the month, while Microsoft, the second-largest, lost 3 per cent....
...The number of “small refinery exemptions”, or SREs, has shot up since 2017 and shaved 7.4 per cent from the government biofuel target in the latest round, according to the Energy Information Administration...
...Last year, Schneider struck a $7.15bn deal with Starbucks to sell branded coffee pods in grocery stores outside the US and it bought the California-based hipster Blue Bottle coffee chain....
...He made his first tech fortune from the 2002 sale of payments group PayPal for $1.5bn to eBay (Musk held 11.7 per cent of the shares)....
...Though Calpers already has about 7.3 per cent of its $385bn war chest in private markets, Meng has sought to bump that even higher to above 10 per cent....
...Shares in Alphabet were trading 0.7 per cent lower in morning trade....
...After sinking more than 22 per cent on Monday, shares were down 11.7 per cent at $16.74 on Tuesday morning....
...Apple only began testing its cars in California in late 2017, when it had 7,074 disengagements in only 638 miles driven....
...Adding the data for all 18 funds together, those figures suggest that investors lost about 3.7 cents of every dollar they invested....
...However, PG&E was the biggest decliner on the benchmark S&P, falling 17.4 per cent amid investor fears that deadly wildfires in California could cost them billions of dollars and implicate them in the cause...
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