Latest in Billions Yale Rethinking
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Inside VW and Rivian's $5.8 Billion Bet to Rescue Each Other
The world’s second-largest automaker and the Silicon Valley startup are trying to address each other’s core weakness.Business - The Wall Street Journal - November 13 -
The U.S. Air Force Strategy That Flexport Uses to Move Billions in Merchandise
Ryan Petersen’s Flexport technology moved $32 billion worth of merchandise in 2023 alone.Business - Inc. - November 13 -
The British Museum Gets a Giant Gift: $1.27 Billion of Chinese Ceramics
Sir Percival David’s collection, amassed in the early 1900s, includes prized vases and wine cups. “You simply couldn’t build up a collection like this today,” one expert said.Top stories - The New York Times - November 13 -
Britain's car finance industry is in crisis – with banks bracing for billions in payouts
The crisis has prompted comparisons to Britain's PPI scandal, which was estimated to have cost banks more than £50 billion ($63.8 billion).Business - CNBC - November 14 -
Inside the Billion-Dollar Startup Bringing AI Into the Physical World
Physical Intelligence has assembled an all-star team and raised $400 million on the promise of a stunning breakthrough in how robots learn.Tech - Wired - November 14 -
General Mills to Acquire Cat Feeding, Pet Treating Business for $1.45 Billion
General Mills said it had agreed to acquire a North American cat feeding and pet treating business from European private-equity firm NXMH in a deal worth $1.45 billion.Business - The Wall Street Journal - November 14 -
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After two stamp hikes, the USPS lost nearly $10 billion in 2024
The U.S. Postal Service's loss widened in fiscal 2024, although revenue rose slightly after two stamp hikes this year.Top stories - CBS News - November 14 -
US hacker sentenced over Bitcoin heist worth billions
Ilya Lichtenstein laundered the stolen cryptocurrency with his wife Heather Morgan aka Razzlekhan.Top stories - BBC News - November 15 -
Robert F. Kennedy Jr.’s Billion-Dollar Hit to Big Pharma
Donald Trump’s choice to run the Department of Health and Human Services spooked investors who worry what Kennedy would do.Business - The New York Times - November 15 -
Why Home Depot made an $18.25 billion bet on the pro business
The retailer's acquisition is boosting the business as home improvement demand remains slow.Business - CNBC - November 15 -
Arizona Chip Plant Gets $6.6 Billion Ahead of Trump Return
Taiwan Semiconductor Manufacturing’s U.S. unit will get federal money from the CHIPS Act, and will share some profits with the government.Business - Inc. - November 15 -
Billions at stake in court battle over North Sea oil
Lawyers and campaigners have made their arguments before Lord Ericht in Edinburgh this week.Top stories - BBC News - November 16 -
Bitfinex Hacker Gets 5 Years for $10 Billion Bitcoin Heist
Plus: An “AI granny” is wasting scammers’ time, a lawsuit goes after spyware-maker NSO Group’s executives, and North Korea–linked hackers take a crack at macOS malware.Tech - Wired - November 16 -
Harris campaign raised $1 billion-plus. It's still sending appeals for donors.
Democrats are sending persistent appeals to Harris supporters without expressly asking them to cover any potential debts, enticing would-be donors instead with other matters.Top stories - CBS News - November 16 -
ByteDance Valuation Hits $300 Billion Amid Possible U.S. TikTok Ban
ByteDance, owner of TikTok, has placed its own value at this figure.Business - Inc. - November 16 -
How Kamala Harris Burned Through $1.5 Billion in 15 Weeks
Her frenzied spending has led to second-guessing among some Democrats and questions as she has pressed for more cash since the election.Top stories - The New York Times - November 17 -
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Spirit Airlines Files for Bankruptcy; Lost $2.2 Billion in 5 Years
The low-fare carrier has struggled to find its footing after its planned merger with JetBlue was blocked by a federal judge.Business - The New York Times - November 18 -
Denmark will plant 1 billion trees and convert 10% of farmland into forest
Danish lawmakers have agreed on a deal to plant 1 billion trees and convert 10% of farmland into forest and natural habitats in an effort to reduce fertilizer usage over the next two decadesWorld - ABC News - November 18 -
Biden Asks Congress for Nearly $100 Billion in Disaster Aid
The president said the aid was “urgently needed” as emergency programs face funding shortfalls amid the devastation after Hurricanes Helene and Milton and a string of other natural disasters.Top stories - The New York Times - November 18
