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☆ Food delivery M&A leaves sour taste in the mouth
▼ + stars: | 2022-12-09 | by ( ) www.reuters.com time to read: +2 min

LONDON, Dec 9 (Reuters Breakingviews) - Two rapid grocery delivery players are serving up an unappetising deal for their investors. Turkish company Getir, last valued at $11.8 billion in March, is gobbling up its German rival Gorillas. It values the target at $1.2 billion, a 60% cut to its last valuation acquired in last year’s funding round. It’s worst for Gorillas investors like Delivery Hero and Tencent (0700.HK), however. With an upcoming recession, they will have to hope that luxury grocery delivery services still have a future.

☆ The world's largest cannabis companies are gobbling up beer brands and striking deals with top athletes to hawk energy drinks because they're struggling to profit off pot
▼ + stars: | 2022-11-28 | by ( Jeremy Berke | ) www.businessinsider.com time to read: +7 min

It's hard to make money in cannabis, so the world's largest cannabis companies are pivoting. The Canadian cannabis company Tilray in early November acquired Montauk Brewing Company, a New York craft-beer brewer. In a November 11 note, analysts at the investment bank Jefferies called Canopy's core Canadian cannabis business "a sideshow." Tilray's cannabis business slumps, while beer boomsLike Canopy, Tilray's core cannabis business is also declining while its beverage unit and other businesses are growing. Beyond cutting costs, it was, therefore, only a matter of time before the world's largest cannabis companies, with investors and shareholders breathing down their necks, looked elsewhere to boost their margins.

☆ J.D. Vance — who Trump once joked was 'kissing my ass' — comes to his defense as GOP points fingers for their disappointing midterm results
▼ + stars: | 2022-11-14 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +3 min

Vance has come to the defense of former President Donald Trump. Vance, the Republican senator-elect from Ohio, defended Donald Trump for the GOP party's losses in the 2022 midterm elections as critics place the blame largely on the former president. Vance was one of the many Republican candidates endorsed by Trump, who also quipped that Vance was "kissing my ass" for support. Vance declared that the Republican Party "more than ever" needs Trump who is expected to launch a 2024 presidential run on Tuesday. "Our party has one major asset, contra conventional wisdom, to rally these voters: President Donald Trump," the senator-elect said.

☆ Sequoia-backed grocery startup Getir is close to buying its troubled rival Gorillas in a heavily discounted deal said to be worth less than $1 billion
▼ + stars: | 2022-11-11 | by ( Callum Burroughs | Shona Ghosh | ) www.businessinsider.com time to read: +4 min

Grocery-delivery startup Gorillas is set to be acquired by its major rival Getir, sources say. Gorillas' valuation is expected to collapse from $3 billion to less than $1 billion, with layoffs anticipated. Beleaguered grocery delivery startup Gorillas is set to be acquired by Turkish rival Getir in a cash-and-equity deal that is expected to close in the coming weeks and at a substantially lower valuation, Insider understands. Gorillas' investors and shareholders will be paid out in cash while others will be offered preferred stock in Getir, the people said. Most of Gorillas' senior management is expected to stay on with with Getir shares as part of their package.

☆ Remaking the River That Remade L.A.
▼ + stars: | 2022-11-10 | by ( Michael Kimmelman | Photographs Adali Schell | ) www.nytimes.com time to read: +33 min

Remaking the River That Remade L.A.February 1938 was a wet month in Los Angeles. Reservoirs overflowed, dams topped out and floodwaters careered down Pacoima Wash and Tujunga Wash toward the Los Angeles River. The Los Angeles River was never a storybook river of the kind that, like the Hudson or the Seine, we associate with great cities. Among the naysayers is a venerable organization called Friends of the Los Angeles River, founded by the Texas-born poet and performance artist Lewis MacAdams. “With all the problems L.A. is facing,” he said, “even if it costs $50 billion to fix the river, we should just effing do it.”The headwaters of the Los Angeles River aren’t easy to find.

☆ Nvidia's new chip to address U.S. export rules to China should help blunt lost sales risk
▼ + stars: | 2022-11-08 | by ( Zev Fima | ) www.cnbc.com time to read: +5 min

We view the news as a step in the right direction toward mitigating lost sales in China. Lost revenue risk At the time when the new rules became known, Nvidia said it expected that as much as $400 million in sales in China were at risk in its fiscal third quarter. Though of course, future quarters could also be impacted as China has historically been a big market for the company. The last time it was a new crypto mining chip aimed at addressing a video gaming chip shortage. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Netflix made huge bets on animation, hiring top talent, but insiders say the streamer neglected marketing and didn't deliver what kids want: 'Where are the farts?'
▼ + stars: | 2022-10-21 | by ( Lucia Moses | Elaine Low | ) www.businessinsider.com time to read: +7 min

The streamer didn't market its kids content enough and didn't pay attention to what children like, insiders said. Netflix hasn't been alone in dialing back on kids animation. "They had these grand plans to make a ton of animation and were going to throw a lot of money at it," said a former Netflix animation exec. But they didn't understand kids and they didn't understand animation," said a separate high-level animation programming executive. Animated series offshoot "The Boss Baby: Back in Business" is technically a Netflix original as it premiered on the streamer.

Four local chapters of the United Food and Commercial Workers (UFCW) International told Reuters they are assessing their options for lobbying and coordinated action against the deal, including potential strikes. Bryan Doherty, a spokesperson for the UFCW International, told Reuters it plans to request more information from the retailers about possible store closures and layoffs. On Monday afternoon, representatives of UFCW International met with nearly 100 local UFCW chapters on Zoom to discuss the merger and their collective response to it. Workers told Reuters that Kroger has not yet held conversations with the union to discuss the merger. Albertsons reached out to the union, offering to "keep lines of communication open," Mark Federici, president of UFCW local 400, told Reuters.

☆ With product innovation lagging, Silicon Valley bets on a fresh coat of paint
▼ + stars: | 2022-10-17 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +5 min

CNN Business —When Google unveiled its new Pixel 7 smartphone lineup earlier this month, the devices looked largely the same as the year prior. Google has also swapped the stormy black (a stormy black) option on the Pixel 6 for obsidian (still black) on the Pixel 7. The emphasis on a new color palette for devices isn’t unique to Google. Apple’s new iPhone 14 lineup comes in Starlight (a champagne color) and midnight (black), and the company has previously unveiled two shades of green (“green” and “alpine green”) and purple (“purple” and “deep purple”). “Color names that are descriptive but odd can spark positive reactions because the consumer likes being able to ‘solve the puzzle,’” she said.

☆ Insiders say Elemy often couldn't deliver on its promise to provide quick access to autism care
▼ + stars: | 2022-10-16 | by ( Jordan Parker Erb | Spriha Srivastava | ) www.businessinsider.com time to read: +4 min

On the agenda today:But first: Senior healthcare reporter Shelby Livingston is giving us a behind-the-scenes look at her reporting on Elemy, a startup that insiders say often failed to provide the quick access to autism care that it had promised. This week, I reported how SoftBank-backed Elemy aimed to transform autism care — but insiders say the $1.15 billion startup overpromised on its capacity to treat kids. More than 20 former and current employees spoke with me for this story. After an initial assessment, Elemy told them they'd be in therapy in no more than eight weeks. Here's what Compass insiders told us.

☆ SoftBank-backed Elemy aimed to transform autism care. But current and former employees say the $1.15 billion startup overpromised on its capacity to treat kids.
▼ + stars: | 2022-10-11 | by ( ) www.businessinsider.com time to read: +18 min

Elemy, a $1.15 billion startup, promised families and healthcare providers quick access to autism care for kids. The current and former Elemy employees who spoke to Insider for this story requested anonymity because they feared retaliation from the company. ABA therapy, while somewhat controversial, is the most widely used treatment to teach kids with autism new skills and discourage challenging behaviors. At the direction of leadership, Elemy employees on the business-development team told those organizations to send their kids with autism, according to four former employees directly involved in forming referral relationships. Each ABA company performs its own expensive, time-consuming behavior assessments, and some insurers pay for only one assessment every six months, he said.

☆ Public.com, an investing app backed by Will Smith and Maria Sharapova, is in talks to acquire Dutch trading startup Bux
▼ + stars: | 2022-09-28 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +3 min

Investing app Public.com is in talks to acquire Dutch trading startup Bux, sources say. Bux was valued at an estimated $320 million to $480 million in 2021, but the expected deal price is lower. Investing app Public.com is in talks to acquire Dutch stock trading startup Bux, according to two sources with knowledge of the discussions. New York-based Public has been in active talks with Bux for two months, the sources said. Bux has never stated its valuation but was valued between $320 million and $480 million at its 2021 funding round, according to Dealroom estimates.

☆ The ultimate guide to cannabis legalization in New York: The key dates to know, and which stocks could benefit the most.
▼ + stars: | 2022-08-19 | by ( Yeji Jesse Lee | Jeremy Berke | ) www.businessinsider.com time to read: +8 min

In the Empire State, recreational marijuana sales could balloon to $7 billion once the market is fully established. The state's limited medical cannabis program has also seen expansion under the new adult-use bill. The list of qualifying medical conditions for medical cannabis was expanded, along with product options. The exceptions to this may be existing medical operators wishing to transition to adult-use and microbusinesses. Analysts say this makes sense as the industry matures and cannabis companies begin to think of themselves as consumer product companies.

☆ If you want to get paid a six-figure salary in the cannabis industry, these are the 9 companies you should work for
▼ + stars: | 2022-03-17 | by ( Jeremy Berke | Yeji Jesse Lee | ) www.businessinsider.com time to read: +3 min

Salaries are skyrocketing at the biggest cannabis companies, according to recruiting startup Vangst. These nine cannabis companies are offering six-figure salaries in multiple states. The cannabis industry is expected to add over 100,000 jobs in the US alone this year, according to Vangst. And if you want to land a six-figure job in the cannabis industry, Vangst has identified 18 roles where job seekers can make over $100,000 a year. Unlike in past years, more employers are looking for people with specific cannabis industry experience because the industry has now been legal for nearly a decade in some states, she said.

☆ These are the 18 hottest jobs where you can take home a six-figure paycheck in the booming cannabis industry
▼ + stars: | 2022-03-09 | by ( Jeremy Berke | Yeji Jesse Lee | ) www.businessinsider.com time to read: +2 min

Senior-level salaries in the cannabis industry are soaring as the industry matures, according to cannabis recruiting startup Vangst's 2021 salary guide. Humiston said that cannabis salaries have edged upward year-over-year, especially as the industry emerges from the economic downturn associated with the coronavirus pandemic. Unlike in past years, more employers are looking for people with specific cannabis industry experience because the industry has now been legal for nearly a decade in some states, she said. Overall, the cannabis industry added 107,000 new jobs in the US last year as more states opened their doors to legal cannabis, according to a report from the cannabis information site Leafly. If you're looking for a job in the cannabis industry, check out these roles listed from lowest to highest salary:

☆ How the $36 billion vitamin industry tricked a generation of adults into believing sugary gummies were the ticket to good health
▼ + stars: | 2020-10-07 | by ( Rachel Premack | ) www.businessinsider.com time to read: +21 min

But some consumer advocates and doctors worry that those supplements don't have as many benefits as people think. "Our gummy vitamins have been on fire," CEO Matt Farrell told investors in a July earnings call. He said that Hero Nutritionals, founded in 1995, created the first gummy vitamin for the American market. A Perrigo representative said it no longer manufactured gummy vitamins, and it did not respond to further inquiries.) But the doctor had something to admit: He takes a gummy vitamin every day.

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