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☆ A partner at Goldman Sachs shares what it was like to rise the ranks of Wall Street as an openly gay man
▼ + stars: | 2023-06-28 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +15 min

That same day, Broadbery achieved a different, but equally momentous, milestone in his Wall Street career. He's seen support for traditionally underrepresented groups, like the LGBTQ+ community, become institutionalized at most Wall Street firms — a welcome improvement. There's also much less stigma now around being "too gay" for Wall Street, he added. So it's like, how gay is too gay for Wall Street?" "I think Wall Street is Wall Street and in the finance industry there are certain norms and certain things you need to do to conform — the working environment, the working hours, the hierarchy, the path to promotion — those things are what they are," he said.

Persons: Michael Broadbery, Goldman Sachs, David Solomon, Broadbery, Goldman, unabashedly, Guinness Mahon, —, Lehman, It's, wasn't, I'm, it's, There's Organizations: Goldman, Network, Intel, Wall, Hamptons, Barclays, Lehman Brothers, Lehman, firm's Locations: York, Americas, Dublin, Ireland, London, Asia, Hong Kong, firm's Asia, Singapore

☆ US Green Berets are looking to troops from NATO's newest member as 'mentors' for harsh winter combat
▼ + stars: | 2023-06-28 | by ( Stavros Atlamazoglou | ) www.businessinsider.com time to read: +7 min

In March, US Green Berets trained in the Arctic with "mentors" from Finland's Utti Jaeger Regiment. The Utti Jaeger RegimentUtti Jaeger Regiment soldiers during training in May 2019. The Utti Jaeger Regiment takes part in about 40 "executive assistance tasks," which likely includes training and real-world missions, each year. But Finnish forces live in those conditions, and the Special Forces soldiers looked up to them because of it. US Green Berets and Utti Jaeger Regiment troops at a helicopter landing zone in Lapland on March 12.

Persons: Finland's Utti, —, Utti Jaeger, Utti, Lance Cpl, Scott Jenkins, Anthony Bryant, Izabella Workman, I'm, Jaeger, Stavros Atlamazoglou Organizations: Green Berets, Finland's Utti Jaeger, Service, NATO, Utti, Utti Jaeger, US Marine Corps, Utti Jaeger Regiment, US Army, Staff, US Army Special Forces, Green, Special Forces, Special Forces Group, US, Warfare, Finns, 10th Special Forces Group, US Air Force, Utti Jaeger Regiment Helicopter Battalion, Tech, Special Jaeger Battalion, Army, Hellenic Army, 575th Marine Battalion, Johns Hopkins University, Johns Hopkins, School, International Locations: Finland, Ukraine, Russia, Lapland, Finland's, Fort Carson, Colorado, Alaska, Europe, Swedish, Johns

☆ Meta laid her off by surprise. Now she says she's better off—3 strategies she used to rebound
▼ + stars: | 2023-06-27 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +6 min

Rawan, 29, a content creator and former Meta employee poses with her Meta badge after getting laid off and having to turn it in. In early November, Meta employee Rawan, 29, came across an eerie Sunday headline in the New York Times: "Meta Is Said to Plan Significant Job Cuts This Week." Rawan joined Meta in 2019 after several jobs at various businesses around the world and a year in China on a Schwarzman Scholar fellowship. "My first thought was 'Um, OK. Lemme get up and wash my face because today is about to be a long day,'" Rawan recalls. The day after Rawan lost her job, she spoke to more friends she had at Meta, attempting to "make sense of things."

Persons: Rawan, Lemme, Mark Zuckerberg Organizations: Meta, New York Times, CNBC, Microsoft, LinkedIn Locations: China, Saudi Arabia, California, Silicon Valley, South Africa, U.S, New York City, TikTok

☆ How a Recycling Leader Spends His Sundays
▼ + stars: | 2023-06-25 | by ( Alix Strauss | ) www.nytimes.com time to read: +1 min

PROCESS We meet in the back room of the Revision Lounge, a bar in the East Village, where one of the members works. As a theater company, we’re still learning what life after the pandemic is like. POOR PLAYERS We usually break out our scripts and refine what we’ve done or are transforming. Our next play is Macbeth, which we perform at various places, the bar, Sure We Can, or at people’s homes. Every actor learns the complete text of the play and we change roles on impulse so it’s constantly shifting.

Persons: we’re, it’s, They’re Locations: East

☆ Russia pulls back from brink of crisis after deal reached to end Wagner insurrection
▼ + stars: | 2023-06-25 | by ( Jessie Yeung | ) edition.cnn.com time to read: +17 min

Sovfoto/Universal Images Group via Getty Images Putin poses for a picture with his wife, Lyudmila, and daughters, Yekaterina and Maria. Brooks Kraft LLC/Corbis via Getty Images Putin rides a horse during a vacation in Southern Siberia in August 2009. Alexey Nikolsky/AFP via Getty Images Putin judges an arm wrestling match while visiting the Seliger youth educational forum in Russia's Tver region in August 2011. Dmitry Astakhov/RIA Novosti/AFP via Getty Images Putin plays with his dogs Yume, left, and Buffy at his home in Novo-Ogaryovo, Russia, in March 2013. Chris McGrath/Getty Images Putin and Saudi Arabia's Crown Prince Mohammed bin Salman attend the G20 summit in Buenos Aires in November 2018.

Persons: Vladimir Putin’s, Wagner, Yevgeny Prigozhin, ” Prigozhin, ” Wagner, ”, Dmitry Peskov, “, Prigozhin, ” Peskov, Putin, Putin Putin, Joseph Stalin, –, “ Putin, Evelyn Farkas, ’, Vladimir Putin, Maria Putina, Archivio GBB, ZUMA Press Wire Putin, Laski, Maria, Vladimir, Anatoly Sobchak, Lyudmila, Yekaterina, Boris Yeltsin, Yeltsin, Fidel Castro, Reuters Putin, George W, Bush, Stephen Jaffe, Camp David, Brooks Kraft, Alexey Druzhinin, Alexey Nikolsky, Mikhail Metzel, Ivan Sekretarev, AP Putin, Dmitry Medvedev, Dmitry Astakhov, Buffy, Angela Merkel, Jochen Lübke, Thomas Bach, Medvedev, Vladimir Konstantinov, Alexei Chalyi, Sergei Aksyonov, Sergei Ilnitsky, Kirill Kudryavtsev, Alexander Lukashenko, Merkel, Francois Hollande, Petro Poroshenko, Mykola Lazarenko, Barack Obama, Ban, Chip Somodevilla, Turkey Andrei Karlov, Karlov, Donald Trump, Chris McGrath, Saudi Arabia's Crown Prince Mohammed bin Salman, LUDOVIC MARIN, Emmanuel Macron, Volodymyr Zelensky, Eliot Blondet, Joe Biden, Antony Blinken, Biden, Sergey Lavrov, Denis Balibouse, Macron, Sergey Ponomarev, Mikhail Gorbachev, —, Alexander Nemenov, Alexey Danichev, Xi Jinping, Pavel Byrkin, Pavel Bednyakov, Peter Zwack, Beth Sanner, ” Sanner, “ He’s, … Putin, Moscow’s, Priogozhin Organizations: CNN, Kremlin, Communist, McCain, Putin, Getty, Russian, ZUMA Press, KGB, ZUMA Press Wire, Getty Images, Reuters, US, White House, Camp, Brooks, Brooks Kraft LLC, RIA Novosti, AP, AFP, International Olympic, Crimean, Ukrainian, United Nations, UN, Assembly, Russian Foreign Ministry, Sputnik, World, Saudi Arabia's Crown, Macron, SPUTNIK, New York Times, Central Clinical Hospital, AP Putin, Belarus, State Russian Museum, Russia’s Southern Military District, US Army, National Intelligence for Mission, State Department, European Union Locations: Moscow, Belarus, Ukraine, Russia, Kremlin, Russia’s Belgorod, Putin Russian, Russian, Rostov, St . Petersburg, Leningrad, Germany, AFP, Kazan, Cuba, Soviet Union, Southern Siberia, Russia's Tver, Novo, Ogaryovo, Hanover, Sevastopol, Crimea, Belarusian, Minsk, France, Turkey, Helsinki, Finland, Buenos Aires, Ukrainian, Paris, Geneva, Switzerland, Taganrog, Luhansk, Donetsk, Kherson, Zaporizhzhia, –, Canada, Italy, Japan, United Kingdom, Soviet, Kazakhstan

☆ Meet the 33-year-old Canadian chemist and the renowned MIT professor who are building the 'electric vehicle of cement making'
▼ + stars: | 2023-06-24 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +10 min

An electric vehicle replaces a combustion engine with an electric motor, and that's what Sublime Systems does in the cement-making process. So he moved to eastern Canada, where they don't have a lot of rabbis," Ellis told CNBC of her father's move. And I think we both sort of gravitate to things that are challenging," Ellis told CNBC. I think the best way we have to get around fossil fuels is to use electrons," Ellis told CNBC. There will be numerous approaches, all of which have challenges and most of which deserve to be tested," Chiang told CNBC.

Persons: Leah Ellis, Ming Chiang, Ellis, Chiang, Sublime, she's, haven't, It's, Leah Ellis Ellis, it's, Mark Mutter, Mutter, Clay Dumas, Dumas, Katie Rae, Rae, Timothy McCaffery, McCaffery, Scott Carmichael It's, I'm Organizations: Sublime Systems, Sublime, CNBC, Battery, Massachusetts Institute of Technology, Bloomberg, Getty, Jamcem Consulting, LowerCarbon, Siam Cement, SCG, American Society for Testing Locations: Texas, South Africa, Israel, Jerusalem, Canada, Houston , Texas, Europe, Boston, Africa

☆ I was laid off from Lyft and it left me shocked but relieved. I used my severance money to rebound quickly — here's how
▼ + stars: | 2023-06-22 | by ( Robin Madell | ) www.businessinsider.com time to read: +5 min

Ziwei Li is a fomer Lyft employee and the founder and CEO of Wei Good Food. I had led the food delivery vertical within Lyft Delivery as strategic partnerships manager, and my role was eliminated when Lyft decided to shut down its delivery business. But while I loved my role and the relationships I'd built, I'd also experienced the monotony of corporate life. Getting laid off from Lyft was the instigator for starting my dream business — but tapping into my background and relationships is how I translated the opportunity into reality. This could include conducting thorough research on requirements, building a network within your desired industry, or starting small-scale operations.

Persons: Li, —, Ziwei Li, It's, Lyft, I'd, I've Organizations: Wei, Service, UCLA Locations: LA, Lyft

☆ How startup owners can benefit from knowledge-sharing with large businesses
▼ + stars: | 2023-06-21 | by ( Sponsor Post | Created Insider Studios With Dell Technologies | ) www.businessinsider.com time to read: +5 min

Members are offered expertise from their own personal Dell Technology Advisor and can also access exclusive discounts on new Dell tech. The Dell Women Entrepreneurs Cities Index lists 55 cities based on their ability to support high-potential businesswomen. In the autumn of 2022, Dell ran the DWEN Dream Tech Contest in the UK, offering four finalists £40,000 worth of Dell technology between them. Dogs no longer eat dogs in the business world — instead, big businesses help small businesses and empowered women empower women. Learn more about Dell's Small Business Communities here.

Persons: Dell, DWEN, Jo Goodall, Jas Schembri Organizations: Dell, Dell Technologies, Dell Technology, Dell Women's, DWEN, Dell Women, Cities, WE, Startup, Dell's Small, Insider Studios Locations: clichés, DWEN, London, Berlin, Copenhagen

☆ I'm the CEO of Ancestry. Here are 6 things that are hard to admit as a working mother.
▼ + stars: | 2023-06-21 | by ( Deb Liu | ) www.businessinsider.com time to read: +15 min

Liu writes that being a full-time working mother is hard and no one can do it without support. that being a full-time working mother is hard and no one can do it without support. The truth is, being a full-time working mother outside the home, especially to young children, is hard. Realistically, most mothers work out of necessity, and they are the norm, even as they are judged negatively for making that choice. Nevertheless, the motherhood penalty is real, and it is felt by so many working mothers who silently struggle to keep all the plates spinning, hoping that none of them tip over.

Persons: Deb Liu, Liu, —, Jonathan, Bethany, Danielle, I've, it's, fatherswere, couldn't, David, we'd, we're, I'd Organizations: Service, American Association of University Women, Census, American, Sociology, American Sociological Association Locations: America

The sexism that has prevented girls from competing in sports has also prevented women from becoming youth coaches. In March, Nike launched Coaching HER in a partnership with the University of Minnesota's Tucker Center for Research on Girls & Women in Sport. Fry co-founded the Strong Girls program at the University of Kansas, where young girls are assigned a female college student as their mentor. She says this approach isn't only benefit to girls, but extends to youth athletes of all genders, and female coaches as well. Nike's 20,000 female coach goal Nike is one of the few major companies directly addressing this issue.

Persons: John Donahoe, Mary Fry, Jen Welter, it's, Welter, Vanessa Garcia, Brito, Billie Jean King, Fry, Alison Oliver, … it'd, Kate Mcshane, Christina Collins, Collins, Bob Iger, Florida Governor Ron DeSantis, Donahoe, It's Organizations: Portland Press Herald, Nike, University of Kansas, Aspen Institute's, Olympic, University of Minnesota's, Center for Research, Girls, Sport, Aspen Institute, Tucker Center, Sports Foundation, Youth Sport, Women's Sports Foundation, Getty, Manhattanville College, Target, Disney, Bank of America, CNBC, Summit, Florida Governor Locations: Aspen, London, Hackney, Westchester County, Santa Barbara , California

☆ Rising the ranks at Citadel Securities: How this 31-year-old rose from intern to head of foreign exchange in 5 years
▼ + stars: | 2023-06-16 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +9 min

At 31, Soeren Kuenzel runs Citadel Securities' FX team, overseeing hundreds of billions in trades. Just ask Soeren Kuenzel, the head of foreign-exchange trading at Citadel Securities who's now responsible for billions in complicated currency trades at just 31 years old. It was sponsored by Citadel, the hedge-fund firm led by the billionaire Ken Griffin, alongside the market maker Citadel Securities. Citadel Securities, launched by Griffin in 2002, is one of the biggest trading houses matching sellers and buyers of stocks, bonds, and currencies across the globe. He finished his doctorate at Berkeley in 2019 and began working that fall as a quant researcher at Citadel Securities full time in Chicago.

Persons: Soeren, Soeren Kuenzel, Kuenzel, Ken Griffin, Griffin, Fang Wu, Wu, It's, Yale's, I've, he's, that's, Alex Morell Organizations: Citadel Securities, FX, University of California, Facebook, Apple, Citadel, New York Stock Exchange, Chicago, Berkeley, Yale's men's, Cape, Cape Florida Lighthouse Locations: Berkeley, Miami, Europe, Chicago, Germany, Cape Florida

☆ For Black Debutantes in Detroit, Cotillion Is More Than a Ball
▼ + stars: | 2023-06-15 | by ( Miranda Barnes | Charlie Brinkhurst-Cuff | ) www.nytimes.com time to read: +1 min

In a heady swirl of bright white silk and lace, the young ladies of the Cotillion Society of Detroit Educational Foundation are presented as debutantes. The Society’s annual ball is the culmination of eight months of etiquette lessons, leadership workshops, community service projects and cultural events. As the girls take to the dance floor, they become part of a legacy of Black debutantes in the city and beyond. Debutante balls, which traditionally helped girls from high society find suitable husbands, emerged from Europe in the 18th century. “Signing up for debutantes, I thought it was just one big ball.

Persons: Jim Crow, Taylor Bythewood, Porter, ”, Sage Johnson Organizations: Cotillion Society of Detroit Educational, California African American Museum, Organizers Locations: Europe, Detroit

☆ I got a job at Amazon without a college degree. 5 years later, I lead an AWS team, bought a home, and have zero student debt.
▼ + stars: | 2023-06-14 | by ( Fidel Contreras | ) www.businessinsider.com time to read: +7 min

Fidel Contreras is a data center operations lead at Amazon Web Services (AWS). Contreras applied to an AWS technical learning program and started as an apprentice at age 18. Five years and one promotion later, I now lead a team of data center operations technicians. I take advantage of ongoing AWS skills trainings, like the Cloud Practitioner and Solution Architect courses. Fidel Contreras is a data center operations lead at Amazon Web Services (AWS).

Persons: Fidel Contreras, Contreras, I'd, It's, —, there's Organizations: Amazon Web Services, Morning, Amazon, AWS's East, AWS, Cloud Practitioner Locations: America, AWS's East Oregon

☆ The 14-year-old hired by Elon Musk's SpaceX is too young for LinkedIn, has his account restricted
▼ + stars: | 2023-06-14 | by ( Grace Mayer | ) www.businessinsider.com time to read: +3 min

But age wasn't a barrier to him landing a job as a software engineer at Elon Musk's SpaceX. Kairan Quazi, the newest software engineer to join Elon Musk's SpaceX, is only 14 years old. But while his age didn't prove to be a barrier to him landing a job at SpaceX, LinkedIn says he still is too young to join the networking platform. Before his LinkedIn was restricted, Quazi wrote in a LinkedIn post about his new position working as a software engineer with Starlink, SpaceX's satellite and internet service division. "I will be joining the coolest company on the planet as a software engineer on the Starlink engineering team," Quazi's LinkedIn post read.

Persons: he's, Kairan Quazi, Quazi Organizations: Elon, SpaceX, LinkedIn, Santa Clara University, Seattle Times, The Times Locations: Redmond , Washington

☆ UBS Just Outlined the Key People Tasked With Integrating Credit Suisse
▼ + stars: | 2023-06-13 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +4 min

Monday marked the official closing of UBS' acquisition of Swiss rival Credit Suisse, a deal both sides weren't exactly thrilled about. Specifically, the bank identified the Credit Suisse execs sitting in positions of power within its investment bank and wealth management division. UBS has not been bashful in hinting at what it is, and is not, interested in integrating from Credit Suisse. Credit Suisse was in rough shape by the time it got acquired, but that's not to say there weren't talented bankers there. Read more about the leaders of UBS' wealth and investment bank teams following its Credit Suisse deal.

Persons: Dan DeFrancesco, we've, Insider's Michelle Abrego, Kaja Whitehouse, that's, Read, Alexander Soros, George Soros, Jeffrey Epstein, Thoma, Nasdaq's, Morgan Stanley, Sam, Here's, Alex Soros, it's, We've, Jeffrey Cane, Hallam Bullock Organizations: Nasdaq, UBS, Swiss, Credit Suisse, Suisse, Credit Suisse execs, Lehman Brothers, George Soros Getty, JPMorgan, Thoma Bravo, Soros, Open Society Foundation, LinkedIn Locations: secondaries, New York, London

☆ Part of the secret to Austin's thriving clean-tech startup scene: mentorship
▼ + stars: | 2023-06-13 | by ( Tim Paradis | ) www.businessinsider.com time to read: +6 min

Austin, Texas, is home to a number of clean-tech startups. Austin's clean-tech scene isn't only composed of household names. But why do so many clean tech companies call Austin home? That's poised to help clean-tech companies, according to recruiters, venture capitalists, and those who have shifted to working for green companies. Taylor, who's lived in Austin for 38 years, has been part of the Austin startup scene since 1991.

Persons: —, Rebecca Taylor, Taylor, Austin, HolonIQ, Teague Egan, Larry Fink, Egan, Elon Musk, There's, who's, It's Organizations: Service, Austin Technology, ATI, University of Texas, Motors, EV, Blackrock, Giga, Southwest Festival, Computing, Dell, Apple, Microsoft Locations: Austin, Texas, Washington, Tesla, California, Giga Texas, Round, Taylor

☆ Why the Right Mentor Could Supercharge Your Career
▼ + stars: | 2023-06-12 | by ( Josée Rose | ) www.businessinsider.com time to read: +7 min

Throughout my 21-year career, I've heard a variety of advice including:It's on me, the employee, to seek career opportunities (which, when I was 25, was confusing). When feeling like I was spinning my wheels, seek advice (which made more sense, but I didn't know who to talk to). Plus, career advice is never one-size-fits-all. If you're at a crossroads, here are four tips that might help you as you decide whether having a mentor is right for you. Proactiveness: My mentor gave me thought exercises and homework to help me find the next steps in my career.

Persons: —, I've, Jim VandeHei, that's, VandeHei, It's, mentee, Condoleezza Rice, Laura Newinski Organizations: KPMG, Service, Research

☆ I'm Zoom's new chief product officer. Here's how I got to the C-suite and my best tips for working moms who aspire to an executive role.
▼ + stars: | 2023-06-09 | by ( Robin Madell | ) www.businessinsider.com time to read: +7 min

Smita Hashim is the chief product officer at Zoom who has also held leadership positions at Microsoft and Google. I'm so glad I did — she gives me so much joy and I'm so glad I had her. Throughout my career, I've had a lot of diverse work experiences. I'm a huge believer in flexible work. I feel fortunate and grateful to be at Zoom and at the forefront of building products that are enabling flexible work for the world at large.

Persons: Smita Hashim, Hashim, it's, —, It's, There've, I've, I'm, flexibly, Jennifer Eum Organizations: Microsoft, Google, Service

☆ I'm an Ancestry exec who plans my day based on my genetics. Here's my daily routine and productivity hacks.
▼ + stars: | 2023-06-08 | by ( Robin Madell | ) www.businessinsider.com time to read: +5 min

I also reserve mornings — the time when I'm most focused and creative — for tasks that require deep concentration and decision making. I implement two-way-door decision makingThis approach is a staple of how I think and approach decision making. It allows me and my team to move quickly throughout the day, maximizing high-velocity decision making. Here's how it works: I always assess whether a decision I'm making is irreversible — a "one-way door" decision that can't be walked back. Jeff Bezos used to say that around 90% of decisions we make are two-way door decisions, and that not treating two-way door decisions like one-way door decisions is the key to unlocking speed.

Persons: Brian Donnelly, Donnelly, —, It's, I've, Jeff Bezos, I'm Organizations: Service, Amazon Locations: San Diego , California

☆ Citadel's red-hot run has led to a new problem: It's harder than ever to nab an internship there
▼ + stars: | 2023-06-05 | by ( Paige Hagy | ) www.businessinsider.com time to read: +6 min

Billionaire Ken Griffin's Citadel internship program is attracting more students than ever before. Citadel, the $57 billion hedge fund, and market maker Citadel Securities recruit hundreds of undergraduate and graduate students every year for an 11-week summer internship program. The internship starts Monday, with a kickoff week at the Four Seasons in Fort Lauderdale and Palm Beach. "We think of campus recruiting very much the same way that other firms think of executive recruiting," Mitro said. "All of it is geared towards simulating what life would be like for them if they were to join the firm," Mitro said.

Persons: Ken, Matt Mitro, Griffin, Mitro, It's, it's, commerciality, UT Austin — Organizations: Citadel, Citadel Securities, New, Wayback, NASA, US Army, MIT, UC Berkeley, Harvard, Stanford, Princeton, UT Austin, Mathematical Association of America, Intercollegiate, Discover Citadel Locations: Fort Lauderdale, Palm, Citadel, Miami, New York City, Singapore, Paris, Palm Beach, New York, Chicago, London, Hong Kong

☆ Elon Musk disclosed a missed opportunity, said he hates firing people, and revealed a desire to meet Warren Buffett in a 2008 profile that's resurfaced
▼ + stars: | 2023-06-04 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Elon Musk bemoaned a missed opportunity and said he wanted to meet Warren Buffett in a 2008 profile. The Tesla, SpaceX, and Twitter CEO said he hated firing people and struggled to move to Los Angeles. The Tesla, SpaceX, and Twitter CEO could have invested in SunPower at a $15 million valuation but didn't do so, he said. However, its stock price has basically flatlined over the past 15 years, meaning Musk hasn't missed out on much since his interview. The electric-vehicle and space-transportation pioneer also disclosed the people he was most interested in meeting at the time: Warren Buffett and Charlie Munger.

Persons: Elon, Warren Buffett, Musk, —, Elon Musk, hasn't, Charlie Munger, Berkshire Hathaway, he'd, Buffett Organizations: SpaceX, Twitter, Service, Privacy, San Francisco Business Times, Berkshire, Tesla Locations: Los Angeles, SunPower, Texas

☆ EU looks to 100 unicorns to boost green, digital goals
▼ + stars: | 2023-06-01 | by ( Foo Yun Chee | ) www.reuters.com time to read: +1 min

BRUSSELS, June 1 (Reuters) - The European Commission kicked off an initiative on Thursday to help 100 unicorns scale up to become Europe's deep tech champions and help drive the bloc's green and digital objectives. Unicorns are startups valued at $1 billion or more while deep tech startups focus on significant scientific or engineering developments. The EIC Scale Up 100 initiative will identify and support the growth of 100 promising European deep tech companies with the potential to become unicorns, the EU executive said in a statement. Startups will be picked in areas that contribute to Europe's green and digital transition such as sustainability (climate and energy), digital and health. The selected startups will also get a helping hand from a group called the EIC Scaling Club which includes 100 investors including venture capital, growth and government funds, 100 companies with innovation units and 100 independent mentors.

Persons: Foo Yun, Frances Kerry Organizations: European Commission, Unicorns, Thomson Locations: BRUSSELS

☆ Gov. Kim Reynolds signed a bill rolling back child labor laws in response to business owner complaints over labor shortages. Iowa's unemployment rate was under 3% last month.
▼ + stars: | 2023-05-27 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +3 min

Kim Reynolds signed into law a bill rolling back child labor protections. The bill is one of many targeting child labor laws across the nation, signed largely by GOP governors. Businesses have increasingly reported labor shortages since the onset of the COVID-19 pandemic, which has killed over 1,127,000 Americans since 2020, according to the World Health Organization. The Iowa Governor's decision to roll back child labor laws is an apparent response to business owners who say they cannot find enough workers. Arkansas' unemployment rate was 2.8%, New Hampshire's was 2.1%, and New Jersey's was 3.5% — the only state that has recently rolled back child labor protections with a higher average than the nationwide 3.4% unemployment rate.

☆ Oracle's Larry Ellison gears up to spend millions to back Tim Scott's 2024 run
▼ + stars: | 2023-05-22 | by ( Brian Schwartz | ) www.cnbc.com time to read: +3 min

Oracle co-founder and Republican megadonor Larry Ellison is preparing to spend millions of dollars backing Sen. Tim Scott's run for president. The Opportunity Matters Fund PAC has been rebranded for Scott's White House run with a new name: Trust In The Mission PAC, or TIM PAC. Another veteran Republican fundraiser told CNBC that Ellison is already planning to donate up to $10 million to the TIM PAC in the early going of Scott's run. Ellison has signaled to allies that he could give at least between $20 million and $30 million more this cycle, this person said. Ellison admires Scott a great deal for the senator's strong support for Israel, according to a lobbyist who's worked with Oracle and has known Ellison for years.

☆ Students and young engineers are fed up with Big Tech
▼ + stars: | 2023-05-22 | by ( Kali Hays | ) www.businessinsider.com time to read: +6 min

Big Tech is losing its appeal for new graduates and young tech workers starting to look elsewhere to launch their careers. Peers and mentors warn them to avoid the trappings of embarking on a Big Tech career. Based on conversations with students and companies, even students from top schools including Stanford and MIT and junior engineers from top tech companies are "feeling the crunch now," Lerner said. Tech students are applying to jobs in other fieldsWhile students and young engineers are still interested in pursuing tech-focused careers, where they want to put in their time is changing. The impact of waning interest in Big Tech among students on major companies remains to be seen.

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