E96: Adobe acquires Figma for $20B, TPB SPAC, FedEx CEO's recession warning, macro picture & more

Sep 17, 2022
Adobe agrees to acquire Figma for $20B. How Adobe might bundle Figma, regulatory implications. Analyzing Google's "one off" acquisition of YouTube. Friedberg breaks down the latest TPB SPAC news. Pfizer sued for Title VI violation, substantial legislation change in 2022. FedEx drops after CEO says we're in a global recession, Russia/Ukraine update, UN chimes in on global famine.
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A New Collaboration with Adobe

Today, we're announcing that Figma has entered into an agreement to be acquired by Adobe. This has been in the works over the past few months and I'm so excited to finally share this news with the world. Ten years ago, Evan and I set out on a journey to make design accessible to all.

FedEx CEO says he expects the economy to enter a 'worldwide recession'

The CEO's pessimism came after FedEx missed estimates on revenue and earnings in its first quarter.
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Healthcare professionals file suit against Pfizer alleging racial bias in minorities-only fellowship

A group of healthcare professionals has filed a lawsuit against Pfizer alleging the pharmaceutical company is discriminating against whites and Asians in its prestigious fellowship program because it explicitly excludes members of those races from applying. The group, Do No Harm sued Pfizer, filed the suit Thursday in the U.S.

Liz Ann Sonders on Twitter:

"U.S. inflation-adjusted median household income fell in 2021, second consecutive annual decline ... hasn't happened since 2011-2012 (a much longer string of declines that started in 2008)"

The Critical Moment Behind Ukraine's Rapid Advance

Send any friend a story As a subscriber, you have 10 gift articles to give each month. Anyone can read what you share. WASHINGTON - The strategy behind Ukraine's rapid military gains in recent days began to take shape months ago during a series of intense conversations between Ukrainian and U.S.

Exclusive: As war began, Putin rejected a Ukraine peace deal recommended by aide

Putin's chief envoy on Ukraine told the Russian leader as the war began that he had struck a provisional deal with Kyiv that would satisfy Russia's demand that Ukraine stay out of NATO, but Putin rejected it and pressed ahead with his military campaign, according to three people close to the Russian leadership.

UN warns 345 million at risk of starvation as Russia's war on Ukraine worsens food crisis

The UN food chief said Thursday the war in Ukraine is worsening an "unprecedented" global emergency, with up to 345 million people in 82 countries "marching towards starvation."
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