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FBI: Trump was indeed struck by bullet from gunman's rifle
Former President Trump was indeed struck by a bullet from the rifle of the 20-year-old gunman who attempted to assassinate him, the FBI confirmed to Axios Friday. Why it matters: FBI Director Christopher Wray had said earlier this week that there was "some question about whether or not it's a bullet or shrapnel that ... hit his ear."
It could be too hot to host future Summer Olympics in DC area
Data: CarbonPlan; Note: Estimate uses median high WBGT from 26 climatological models; Chart: Simran Parwani and Erin Davis/AxiosThe majority of the world will be too hot to host the Summer Olympics by 2050, including the DMV.By the numbers: An Axios analysis of CarbonPlan data finds that, in 2050, 60% of locations globally will experience Wet Bulb Globe Temperatures above 82°F, the American College of Sports Medicine's recommended threshold for canceling outdoor, continuous activity to avoid heat illness.CarbonPlan's models estimate that 92% of weather stations in Virginia would experience temperatures above the "cancel activity" level in 2050, compared to 50% of...
The tangled plot behind Mount Vernon Cemetery's sale
There's a "once-in-a-lifetime" opportunity on the Philadelphia market: All you have to do is knock on death's door.Why it matters: Mount Vernon Cemetery, a neglected yet historic North Philadelphia burial ground to an estimated 33,000 souls, is up for sale — a big step in a yearslong legal battle over its future that has some preservationists hopeful for the site's possible revival.Driving the news: A couple weeks ago, the cemetery's conservator, Philadelphia Community Development Coalition (PCDC), quietly listed the 168-year-old graveyard's more than 26 acres for sale — with permission from a Philadelphia Common Pleas Court judge.For $1 million, a...
Short-seller Andrew Left faces criminal, civil fraud charges
Famed activist short-seller Andrew Left is facing criminal charges and civil complaints alleging that, for years, he manipulated stock prices and lied to investors about his positions. Why it matters: The DOJ and SEC cases filed late Thursday and on Friday, respectively, are a result of long-standing investigations into traders...
Harris campaign reports record-breaking volunteer surge in key swing states
In the days since Vice President Kamala Harris launched her presidential bid, more than 170,000 volunteers have joined her cause, her campaign says. Why it matters: The numbers are yet another example of the momentum Harris has harnessed in the week since President Biden's historic withdrawal from the race. The...
Trump to address friendly crowd at Bitcoin conference Saturday
NASHVILLE, Tenn. — Donald Trump will deliver a keynote speech at a Bitcoin conference in Nashville Saturday. Why it matters: His appearance at the United States' largest gathering of bitcoiners comes amid cryptocurrency's emergence as a wedge issue in the 2024 election. It's already caused some notable tech executives to pledge support — and donations — to the former president.
KKR to acquire edtech company Instructure for $4.8 billion
KKR, with participation from Dragoneer, will acquire Instructure Holdings for $4.8 billion, or $23.60 per share, in an all-cash transaction including Thoma Bravo's stake. Why it matters: It's another chapter in Instructure's journey in and out of the public market. Thoma Bravo took the company private in 2020, and listed it back on the stock market a year later.
Virginia boy charged with threatening to bomb, shoot up Florida schools
An 11-year-old from Virginia is facing 43 charges for allegedly making more than 20 bomb or shooting threats to multiple Florida schools.The big picture: Henrico police arrested the boy on July 19, fulfilling an order a Florida judge made a day earlier, after police traced the calls to a home in Henrico, Flagler County Sheriff Rick Staly said in a Thursday press conference. The main five schools he is charged with targeting in a nine-day span in late May were in Flagler County, which is near Daytona Beach and about an hour from Orlando.He made similar calls in Virginia, D.C.,...
Trade group hopes guidelines for PE asset-backed loans elicit transparency
A key trade group is out with best practices for private equity firms that want to turn to NAV-based loans for early liquidity amid a dearth of exit opportunities. Why it matters: PE firms are getting creative and increasingly turning to these credit facilities, which help them return money to limited partners or provide additional support to portfolio companies, as exits remain challenging.
T-Mobile and KKR acquire fiber optic internet company Metronet
T-Mobile will spend about $4.9 billion on a 50% stake in a joint venture with KKR to buy Metronet, an Evansville, Ind.-based fiber-optic internet company, from Oak Hill Capital, which will remain a minority shareholder. Why it matters: This is the latest deal for T-Mobile, which in April said it...
Sen. Markey introduces updated bill on PE-owned health care companies
On Thursday Sen. Ed Markey (D-Mass.) and Rep. Pramila Jayapal (D-Wash.) introduced an updated version of the Health Over Wealth Act, legislation that would take aim at private equity firms and for-profit companies that own health care businesses. Why it matters: Private equity ownership of health care companies is under...
India's private capital-backed exits are on a tear
India saw $25 billion in private capital-backed exits in 2023 and $11.5 billion in the first half of 2024, according to new data from the Global Private Capital Association. Why it matters: While the rest of the world — including the U.S. — has been struggling with a dearth of exits, deal value in India increased by 46% and deal count by 51%, year-over-year.
Legaltech company Clio raises $900 million
Clio, a Canadian legaltech company, has raised $900 million in Series F funding at $3 billion valuation led by NEA, with Goldman Sachs, Sixth Street, CapitalG, and Tidemark also participating. Why it matters: Companies have been throwing AI at every business category, but legal applications seem to have really convinced...
How dealmaking and tech could fare under Kamala Harris
The Democrats haven't officially chosen their new presidential candidate, but if they go with Kamala Harris, the business and tech world could get a slightly friendlier face than Joe Biden. Why it matters: The Republican ticket is a bit of a mixed bag — while Donald Trump has taken some...
In photos: Athletes sail through Seine River for Paris Olympics opening ceremony
Athletes representing 184 countries sailed through the Seine River for the opening ceremony of the Paris Olympics on Friday. Surrounded by dancers and feathers, singer Lady Gaga performed actress Renée Jeanmaire's "Mon Truc en Plumes" ("My Thing With Feathers"). French mega pop star Aya Nakamura, accompanied by the orchestra...
Paleta-themed pop-up bar opens in San Antonio
The Moon's Daughters at The Thompson Hotel is partnering with Paleteria San Antonio to create summer cocktails lasting through Aug. 11. Zoom in: The pop-up menu consists of the Luna Flair (with tequila), Halo (vodka) and Nova (bourbon). All cocktails are $18 and are garnished with a mini paleta. Dig...
Mayor LaToya Cantrell faces federal civil rights lawsuit
Mayor LaToya Cantrell faces a federal civil rights lawsuit from the woman she'd previously accused of stalking her, per court documents. Why it matters: The lawsuit comes amid a rising swell of speculation that the New Orleans mayor could soon face a federal criminal indictment, as well. The other side:...
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