Pete Buttigieg sees surge in support from business execs after his strong showing in Iowa

Democratic presidential contender Pete Buttigieg is seeing increased support from business leaders as he jumps in the polls following a successful showing in the Iowa caucuses. Dozens of executives who have largely remained on the sidelines during the 2020 election cycle have shown increased interest in Buttigieg’s presidential campaign over the past week, according to people with direct knowledge of the matter who declined to be named because these conversations were deemed private. The increased interest in Buttigieg comes as he tries to position himself as the best option among…

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What You Can Learn From An Unusual Investment

Company X is a good case study of how my idea generation process works and over time translates into new ideas for the partnership. The company was a spin-off from a healthcare company, one that I have followed for almost 15 years. The business being spun-off was the global Veterinary Distribution business which distributes drugs and supplies to veterinarians. It wasn’t a normal spin-off, but rather it was a combination of a spin-off with a merger with another company, a rapidly growing young company that provided Software as a Service…

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Altria stock craters after $4.1 billion hit from Juul investment, blames growing legal risk

Altria stock cratered as much as 7% Thursday after the tobacco company posted a fourth-quarter loss and took a $4.1 billion hit on its investment in e-cigarette company Juul, which faces mounting litigation and scrutiny over a surge in teen vaping. The Richmond, Virginia-based Marlboro maker said the impairment charge was due to the increased number of legal cases against Juul and the expectation that litigation will grow. Since the end of October, there has been an 80% increase in the number of legal cases pending against Juul, Altria said. Its…

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U.S. Public Education Increasingly Drawing Attention From Private Philanthropy

The Broad Foundation, a Los Angeles-based nonprofit organization established in 1967 by billionaire philanthropist Eli Broad and his wife, Edythe, announced Thursday that it would donate $100 million to Yale University. But the donation will be directed to training leaders in the realm of public education, from kindergarten to high school (K-12). The $100-million donation will help the Yale School of Management create a master’s degree program, free to students who aspire to lead in America’s public school systems in areas of management, public health, law, child development, policy, criminal…

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Debt investment under NPS becomes safer from today. Check new rules

New Delhi: The quality of debt securities that your National Pension System (NPS) fund manager buys may see significant improvement from today. The Pension Fund Regulatory and Development Authority (PFRDA) last month revised the guidelines for the valuation of pension schemes, which becomes effective from today (December 1, 2019). In a circular, the pension fund regulator said that it has made changes in the ‘valuation of debt securities’ as well as ‘valuation policy for securities below investment grade’ in which pension funds in the National Pension System (NPS) can make investments.…

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Mental health days for students: An increasingly accepted reason to stay home from school

Public school students would be allowed to cite the need for a mental health day as an excuse to miss school, under a bill filed in the Florida Legislature for the 2020 session. The proposal is part of a growing movement in multiple states aimed at improving students’ mental well-being. Rep. Susan Valdes, D-Tampa, says she wants to elevate mental and behavior health issues to the same level as the flu, colds and dental appointments as a legitimate reason for students to call in sick. “It is time for us to take mental…

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