Newsletter Feb 17, 2023

3 things you must know

Back from the dead, IPOs picking up again on Wall Street
The IPO parade of the early pandemic years crashed to Earth in 2022, but there are hints of a potential 2023 rebound. Last year the US IPO market "ground to a halt," with only $7.7 billion raised, down a whopping 95% from 2021 and a record 31-year low. The decline came as financial conditions tightened following the Fed's interest rate hikes and a rout in the stock market. While worries over the economy persist, last week saw the sort of initial public offering buzz that had eluded Wall Street for months
SEE THE LATEST IPOS TO DEFY THE ODDS WITH LAUNCH

Tesla fires workers who formed union at Buffalo Gigafactory
Tesla fired more than 30 workers at its Buffalo Gigafactory one day after they announced their intentions to unionize. Workers United, the union partnering with Tesla workers, filed a complaint with the National Labor Relations Board alleging Tesla terminated 18 employees "in retaliation for union activity." A statement from the union said that more than 30 employees were fired on the heels of the union organizing effort announced earlier this week.
SEE TESLA CEO ELON MUSK'S PAST RUN-INS WITH UNIONS

DocuSign makes second round of cuts amid tech layoffs
San Francisco-based DocuSign will lay off 10% of its employees, the company said Thursday in an SEC filing. This is the e-signature company's second round of layoffs in less than a year. In September 2022, the company announced cuts to 9% of its workforce, which at the time amounted to 7,461 employees across 17 offices, meaning that roughly 671 people lost their jobs.
SEE HOW TECH LAYOFFS HAVE BEEN A BOON TO FARMING

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Markets

DJIA	33,696.85	-1.26%
S&P 500	4,090.41	-1.38%
Nasdaq Composite	11,855.83	-1.78%
Japan: Nikkei 225	27,588.04	-0.39%
UK: FTSE 100	8,012.53	0.18%
Crude Oil Futures	78.16	-0.42%
Gold Futures	1,840.80	-0.59%
Yen	134.48	0.40%
Euro	1.07	-0.10%
* As of market close

Biden 'fit for duty' as re-election bid nears

President Joe Biden was declared "fit for duty" by his doctor Thursday after the final annual medical check-up before he is expected to declare he's running for re-election in 2024, when he will be 82. After extensive testing, the report found some relatively minor issues, but said Biden was clear of serious physical and neurological problems. Biden, the oldest person ever to serve as U.S. president, has not declared his re-election bid for 2024 but is widely expected to do so in coming weeks.

SEE BIDEN ADDRESS UFO QUESTIONS AFTER HIS CHECKUP

Dominion: Fox knew claims were 'total BS'

Fox knew that debunked theories about vote-rigging claims it broadcast were "total bs," according to Dominion Voting Systems as part of its $1.6 billion defamation lawsuit against the media giant. Dominion sued Fox News Networks in March 2021, alleging that the cable TV network amplified false claims that Dominion machines were used to rig the 2020 U.S. presidential election against Republican Donald Trump.

SEE FOX'S DEFENSE OF A FREE PRESS IN DOMINION LAWSUIT

Actor Bruce Willis diagnosed with dementia

Actor Bruce Willis has been diagnosed with frontotemporal dementia (FTD), his family said on Thursday, nearly a year after the 67-year-old star retired from acting due to aphasia. FTD is caused by progressive nerve cell loss in the brain's frontal lobes or its temporal lobes. The statement said there are no current treatments for the disease but his family hoped Willis' diagnosis would bring more focus to battling FTD.

SEE WHAT WILLIS' FAMILY SAID ABOUT THE ACTOR'S HEALTH

A star is born

What movie was Bruce Willis' first leading role? Who was his co-star?

Thursday's answer: Raquel Welch's birth name was Jo Raquel Tejada, which Hollywood types deemed too ethnic and initially dubbed her "Debbie Welch" before she later returned to using her middle name.

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