From TradeBriefs <[email protected]>
Subject Meta backs Databricks as the data analytics startup inches toward IPO - Jan 23, 2025
Date January 23, 2025 12:59 AM
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-------------------------

- The top 25 stories curated by editors and fellow readers!

Editor's Pick

C.E.O.s, and President Trump, Want Workers Back in the Office

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JPMorgan and others have been telling their employees that remote work
is over. Now federal employees have been ordered to come to work in
person, too.

Continued here
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Editor's Note: Some chief executives, who have long been enthusiastic
about ditching remote work, have also announced full return-to-office
plans. Amazon, JPMorgan and AT&T told many employees they would have
to be back in the office five days a week this year. Even in popular
culture, the office is making a comeback, with "Babygirl" glamorizing
the blouse wearing C.E.O., "Severance" returning for a new season
probing corporate psychological drama, and buzzy newsletters like
"Feed Me" declaring remote work "out."

Work

Meta backs Databricks as the data analytics startup inches toward IPO
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Qatar's sovereign wealth fund, the Qatar Investment Authority,
participated in the $10 billion round alongside Meta. Ghodsi said
Databricks is open to allowing its software to run on data centers
from major operators in the Middle East. Today, it's only available
through the Amazon, Google and Microsoft clouds.

Work

Trump keeps China guessing on tariff threats - WSJ (No paywall)
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Donald Trumps criticism of China on the campaign trail and after his
election had raised the specter that Day 1 of his second presidency
would reignite a trade war between the worlds two largest economies.















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Netflix explodes into a new era - WSJ (No paywall)
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The streaming giant added a record 18.9 million new subscribers during
the fourth quarter. That was nearly double the number Wall Street
expected and even well above the 15.8 million added to the companys
rolls in early 2020, when the onset of Covid locked the masses at home
in front of their TV screens. It is also the last time Netflix says it
will disclose its subscriber numbersat least as part of its regular
quarterly reports.

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Aid is rushing into Gaza while the cease-fire holds - WSJ (No paywall)
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Humanitarian supplies are pouring into the Gaza Strip at an
unprecedented rate, as foreign governments and aid groups race during
a pause in the fighting to bring much needed relief to the beleaguered
population.














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In emergencies, distance makes disease grow stronger - STAT (No
paywall) [[link removed]}&lead=419599&emailid=133118&nl=daily]
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Good morning! Its cold outside and dry dry dry inside the office here
at STAT headquarters. Its so bad, I almost considered smearing beef
tallow all over my face. (While drafting this newsletter, one editor
already reached out asking me not to do this. So, to be clear, I am
kidding! But it really is sodry.)

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You Asked for This Cease-Fire, Mr. President. Make Sure It Holds.
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Before examining the pitfalls and weaknesses of the Gaza cease-fire,
let us welcome even the least of what it may achieve.














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Trumps Sharp Turn for US Policy Faces a Slower Road in Congress -
Bloomberg (No paywall) [[link removed]}&lead=419599&emailid=133118&nl=daily]
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Republicans hold narrow majorities in House and Senate Intra-party
fights leave Republicans struggling to pass bills

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Medicare and Medicaid to change under Republican proposals: What to
know
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Funding cuts and regulatory changes could radically reduce Medicaid,
the largest program providing medical and health-related services to
low-income people, as well as Medicare, federal health insurance for
people 65 or older, and some under 65 with certain disabilities or
conditions.














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Elon Musk and Bernie Sanders are both right about immigration
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Fearless journalism is more important than ever. When news breaks, you
need to understand what actually matters and what to do about it. At
Vox, our mission to help you make sense of the world has never been
more vital. But we cant do it on our own.

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Trump Admin Takes First Steps Against DEI: What to Know
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WASHINGTON President Donald Trumps administration moved Tuesday to end
affirmative action in federal contracting and directed that all
federal diversity, equity and inclusion staff be put on paid leave and
eventually be laid off.














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Musk trolls Trumps 500B AI mega plan
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His criticism marks an early break between Musk, one of Trump's
closest advisers during the presidential transition, and the
Republican leader, underscoring the potential for rifts on key policy
issues in Trump's broad coalition.

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TikTok Is Back. But Meta Is Reportedly Offering Creators Cash Bonuses
to Stay On Reels - Inc (No paywall) [[link removed]}&lead=419599&emailid=133118&nl=daily]
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As a national TikTok ban loomed last week, rival social platforms
prepared to snap up the apps 170 million users. Substack added live
streaming. Instagram made photos vertical and extended the length of
videos. Triller launched a website that uploads TikToks to its
platform.














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Ships carrying missile propellant set to sail from China to Iran, say
officials - FT (No paywall) [[link removed]}&lead=419599&emailid=133118&nl=daily]
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Intelligence suggests vessels will be laden with critical weapons
ingredient sodium perchlorate

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People are buying the wrong stock thinking it's part of OpenAI's
Stargate Project
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Musk, an OpenAI co-founder who left the startup and has a longstanding
feud with Altman and the startup, also has his own AI company, xAI.
His firm raised $6 billion at a $50 billion valuation. That cash is
expected to help xAI expand its Colossus supercomputer in Memphis,
which it developed with Nvidia chips.














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Early Facebook investor Jim Breyer says Zuckerberg has been
'revitalized' by Meta's AI push
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Zuckerberg attended Trump's inauguration ceremony on Monday alongside
a handful of other tech CEOs. In addition to OpenAI, which was chosen
Tuesday to be part of Trump's joint venture on AI infrastructure, Meta
also competes with Elon Musk's AI startup xAI. Musk has emerged as one
of Trump's closest advisors, and he leads Trump's new government
efficiency advisory board.

Work

Chinese biotech says it will start first in vivo beta-thalassemia
trial
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The report also found that biotech startups on average have larger
founding teams than companies in all the other sectors that were
analyzed. Among the biotech startups that Carta looked at, 13% had one
founder, while 20% had five founders.













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Sean Diddy Combs Accuser Gives TV Interview: Here Are All The Major
Allegations Against Him - Forbes (No paywall)
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A woman who months ago said she was a victim of a brutal assault at
the hands of Sean Diddy Combs and others was interviewed on television
Tuesday, detailing an evening that she says included rape, bribery and
a Facetime call with Combs mother who allegedly told her to take the
money and shut upwhile Combs, who has denied accusations of violence
and sexual misconduct, is currently in jail awaiting trial on a
federal sex trafficking indictment.

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404 | Scientific American - Scientific American (No paywall)
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Scientific American is part of Springer Nature, which owns or has
commercial relations with thousands of scientific publications (many
of them can be found at www.springernature.com/us). Scientific
American maintains a strict policy of editorial independence in
reporting developments in science to our readers.

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The Bishop Who Pleaded With Trump: 'Was Anyone Going to Say Anything'
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President Trump, seated seven feet below and some 40 feet to her
right, made eye contact. One representation of American Christianity
began speaking to another, and the most powerful man in the world was
arrested by the words of a silver-haired female bishop in the pulpit.
Until he turned away.

Work

Former Meta COO Sheryl Sandberg sanctioned by judge for allegedly
deleting emails
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A Delaware judge has sanctioned Sheryl Sandberg, Meta's former COO and
board member, for allegedly deleting emails related to the Cambridge
Analytica privacy scandal.

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The Political Stories We're Watching
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Speaking of Trump’s coalition: The president assembled the support
of a younger and more diverse coalition than Republicans before him,
in part by promising that a second term would bring economic
prosperity that working-class Americans feel eluded them after the
pandemic. Yet the president’s plans to impose steep new tariffs and
deport scores of undocumented immigrants could actually raise prices,
rather than lower them. Will that further stoke the nation’s
economic discontent, and whom will voters blame?

Work

Elon Musk Casts Doubt on Trump's 100 Billion Stargate A.I.
Announcement
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Mr. Trump claimed the A.I. announcement as an early trophy, taking
credit for the companies’ decision to spend up to $500 billion
building data centers, which are huge buildings full of servers that
provide computing power. Mr. Trump promised to clear regulatory
hurdles for the development of A.I. and to make the United States a
global leader in the technology, beating out China.

Work

Trumps Threatens Tariffs Feb. 1 on Canada, Mexico and China
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While tariffs have long been used by the United States as punishment
for unfair trading practices, Mr. Trump’s first use of them is aimed
at an entirely different outcome: tightening American borders against
immigrants and illegal drugs.

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EU trade chief: bloc may consider new Brexit customs plan
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He acknowledged that the EU needed to be "extremely cautious and
responsible" in addressing trade relationships with Donald Trump's
America, but that he was willing to negotiate. He said while the EU
did have a surplus in goods such as cars, the US had a surplus in
services

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What executive orders has Trump signed after taking office
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Follow the twists and turns of Trump's second presidential term with
North America correspondent Anthony Zurcher's weekly US Politics
Unspun newsletter. Readers in the UK can sign up here. Those outside
the UK can sign up here.

Work

Divvy Homes, Once Valued at 2 Billion, Is Sold for Half That Price
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The sale comes as the housing market remains out of reach for many
Americans because of a combination of high mortgage rates, high home
prices and a lack of supply of new homes. The average rate on a
30-year mortgage, the most popular home loan in the United States, is
around 7 percent.

Work

Two Industry Executives Join E.P.A. to Help Oversee Chemical Rules
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Dr. Beck is being joined by Lynn Ann Dekleva, who also worked for the
American Chemistry Council, who is set to return to a role helping to
oversee new chemicals as deputy assistant administrator. An
environmental engineer by training, her career in the chemicals
industry includes more than three decades at DuPont, the chemicals
giant.

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CNN to lay off hundreds of employees as post-inauguration
transformation begins, sources say
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Both news organizations waited until after the U.S. presidential
inauguration to make the cuts. The news media landscape is in
transition as fewer people watch linear TV and more consume their news
on streaming services and through social media.

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Opinion | Trump Is Already Making America Weaker and More Vulnerable
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One Proud Boy told Reuters the pardons would help with recruitment and
that members would feel “bulletproof.” On a pro-Trump website,
Reuters counted more than two dozen people calling for the execution
of judges, police officers or Democratic officials, saying that some
of these people should be hanged, beaten to death or fed into wood
chippers.

Work

Samsung teased a very slim phone called the Galaxy S25 Edge
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Samsung didn't share any more details about when the Galaxy S25 Edge
will come out at its event, but Bloomberg reports that the phone will
launch "in the US and other markets by the middle of the year." The
device will also "use some of the same technologies as the new Ultra
model," just in a slimmer package. "Samsung hasn’t settled on a
price," Bloomberg writes, "but acknowledged it will be cheaper than
the $1,299-and-up Ultra."

Work

Netflix raises subscription prices again, with its Standard plan now
costing 18 per month
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"As we continue to invest in programming and deliver more value for
our members, we will occasionally ask our members to pay a little more
so that we can re-invest to further improve Netflix," the company said
in its shareholder letter. "To that end, we are adjusting prices today
across most plans in the US, Canada, Portugal and Argentina."

Work

YouTube Premium adds 256kbps audio 'experiment' for music videos
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If you're in the US, take note that Google is rolling out a bundle
with YouTube Premium and 2 TB of cloud storage with Google One, which
will cost you $21.98 a month. That's slightly less than the typical
price of $24 a month together ($10 for Google One and $14 for the
YouTube Premium individual plan).

Work

America really could enter a golden age - The Economist (No paywall)
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Maybe you are in the habit of applying a hefty discount to claims by
Donald Trump; no one could blame you. But he really does have the
chance to lead America into the golden age he proclaimed in his second
inaugural address. Historic circumstances, political dynamics and his
own audacity could also enable him to achieve the legacy he wants as a
peacemaker and a unifier. His party has fallen into lockstep; his
adversaries at home are confounded and enervated, and Americas
opponents abroad are preoccupied with their own troubles. Mr Trump has
battled for ten years against anyone he perceived to have crossed him.
His most formidable adversary still standing is probably himself.

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Trump executive orders threaten healthcare of millions of Americans
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“Premiums go up for the people who do have health insurance. For the
people without health insurance, it’s financially devastating,”
Corlette said. “The result is medical debt, garnished wages and
liens on people’s homes because they can’t pay off their bills.”

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Scale AI is facing a third worker lawsuit in about a month |
TechCrunch
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In response, Glenn Danas, partner at Clarkson Law Firm, told
TechCrunch that Scale AI has been “forcing workers to view gruesome
and violent content to train these AI models” and has failed to
ensure a safe workplace.

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Rent-to-own startup Divvy Homes selling to Brookfield for about 1
billion | TechCrunch
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Want to reach out with a tip? Email me at [email protected] or
send me a message on Signal at 408.204.3036. You can also send a note
to the whole TechCrunch crew at [email protected]. For more secure
communications, click here to contact us, which includes SecureDrop
and links to encrypted messaging apps.

Work

Exclusive: AngelList, CoinList partner to help crypto startups raise
and manage funds |
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Crypto’s acceptance in the mainstream investor world where AngelList
belongs wavered during crypto winter. That’s when all things Web3
fell out of favor and industry bigwigs like Sam Bankman-Fried and
Binance founder Changpeng Zhao were sentenced to jail.

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Livestream app Favorited, a new TikTok alternative, snaps up 1.3M |
TechCrunch
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This story was updated after publication to correct the statement that
Andreessen Horowitz is an investor. Favorited received funding from
the a16z Speedrun accelerator program, not directly from the firm.

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AI's 100 billion impact: 2024's venture capital surge and the road
ahead for startups
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Theresa Loconsolo is an audio producer at TechCrunch focusing on
Equity, the network’s flagship podcast. Before joining TechCrunch in
2022, she was one of 2 producers at a four-station conglomerate where
she wrote, recorded, voiced and edited content, and engineered live
performances and interviews from guests like lovelytheband. Theresa is
based in New Jersey and holds a bachelors degree in Communication from
Monmouth University.

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Exclusive: Ramp encroaches into digital bank territory with new
treasury product
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[[link removed]}&lead=419599&emailid=133118&nl=daily]
Want to reach out with a tip? Email me at [email protected] or
send me a message on Signal at 408.204.3036. You can also send a note
to the whole TechCrunch crew at [email protected]. For more secure
communications, click here to contact us, which includes SecureDrop
and links to encrypted messaging apps.

Work

Sales knowledge automation platform 1up gets a third of its customer
leads from memes | TechCrunch
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“Sales teams get a lot of shit,” Avetisov said. “They have one
of the hardest jobs in the company, and their tool set is horrible.
They’ve got so many tools for prospecting and CRMs and all that
stuff. But when it comes to knowledge management, they have been
completely neglected. So that’s our hot take. That’s our laser
focus.”

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United Airlines Holdings, Inc. UAL Stock Forecasts
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The Nasdaq is up more than 1% at midday. Corporate earnings are piling
in, providing a check on how Corporate America is doing. Several big
names, including Netflix, did much better than expected last quarter.
The yield on the 10-year Trea

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What Are Sanctuary Cities, and Do They Need to Cooperate With Trump's
Mass Deportation Plans
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President Trump and his allies have promised to take a hard line on
immigration, and senior officials have made clear that some of the
cities that have embraced sanctuary policies would be targeted for
enforcement actions.

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Trump Administration Cancels Flights for Refugees Already Approved for
Travel
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Angela Plummer, the executive director of Community Refugee &
Immigration Services, which resettles refugees in Columbus, Ohio, said
that the organization had been expecting dozens of arrivals on flights
that had been suspended.

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If You Work for the Federal Government, How Are You Feeling About
D.E.I.
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As President Trump vows to eliminate diversity, equity and inclusion
in the federal government, we would like to know how federal workers
feel about the crackdown on what the president calls “hiring
preferences.” Will ending D.E.I. efforts help or harm the way your
agency or department works? If you are a federal worker of color, how
have D.E.I. programs affected you? How secure are you feeling about
your job in the new administration?

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What Is the Laken Riley Act
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It also gives state attorneys general the right to sue the U.S.
attorney general or the secretary of homeland security if an immigrant
with uncertain or contested legal status who is paroled into the
country commits a crime that harms either the state or one of its
residents physically or financially, if the value of the harm is more
than $100.

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Does D.E.I. Help or Hurt Jewish Students
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Many Jewish campus leaders and students say they do not, but should.
Some have argued that the programs have focused on Black, Hispanic and
other student groups, and not on Jewish students who have faced
antisemitic slurs and occasionally violence.

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Key Trump Nominee Hints at Push for Work Requirements in Medicaid
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Estimates from the Congressional Budget Office say Medicaid work
requirements would cause roughly 600,000 people to become uninsured,
but would cut federal spending by at least $100 billion over a decade.

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Why Deportations Were Higher Under Biden Than in Trump's First Term
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Figures are monthly. Arrests are those by U.S. Border Patrol.
Deportations at the border include removals where C.B.P. was the
arresting agency, enforcement returns excluding voluntary departure,
and also expulsions.

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Congress Clears Measure to Deport Immigrants Accused of Crimes
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The act instructs federal officials to detain unauthorized immigrants
arrested for or charged with burglary, theft, larceny, shoplifting,
assaulting a police officer, or crimes that result in death or serious
bodily injury, expanding the list of charges that would subject
migrants to immediate detention and potential deportation.

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