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Bill Ackman shelves Pershing Square IPO after lack of investor interest made him cut it from $25 billion to $2 billion

Billionaire Bill Ackman's Pershing Square withdrew a US closed-end fund IPO due to setbacks, including considerable reduction in expected size.

E. Jean Carroll Says She'll Use $83 Million Judgment on "Something Trump Hates"

E. Jean Carroll plans to use the $83 million judgment she won in her defamation case against Donald Trump to cause him pain.
She may create a fund for women who have been sexually assaulted by Trump.

Funding deal reached as Congress races to avert shutdown

Non-defense budgets would remain flat, while military programs see a 3 percent increase.
The funding accord is higher than what fiscal conservatives have demanded, risking a government shutdown.

VCs are optimistic that AI investing will move beyond the hype in 2024

Investors anticipate continued funding for AI startups
Second wave of verticalized AI startups expected

Opinion | Home schooling is surging. States have to step up their oversight.

Home schooling has seen a significant increase in the past six academic years, attracting parents for various reasons including political concerns, safety, and individualized education.
Some states are providing funding for home-schooling through vouchers, but there is a lack of oversight and regulation in many states.

Task Force Meets to Address the Future of California Transit - Streetsblog California

California legislature calls for task force to address funding issues in public transportation.
Task Force emphasizes transit's role in safety, equity, climate action, and economic prosperity.

Spain to launch an atlas of all living beings cell by cell

Scientists discuss studying each species cell by cell to create a Cellular Atlas of Biodiversity
The project has received funding from the Gordon and Betty Moore Foundation

Cash crisis could scupper Mayor's 2030 ambitions for zero-emission buses

Sadiq Khan's ambition to have only zero emission buses in London by 2030 may be delayed due to a shortage of funding.
Transport for London (TfL) failed to secure all the government support it sought for major projects, potentially affecting the greening of the bus fleet.
#startup

WSJ News Exclusive | Jeff Bezos Bets on a Google Challenger Using AI to Try to Upend Internet Search

Perplexity raises largest sum by an internet search startup in recent years
Perplexity's answer engine is used by about 10 million people monthly

Raquel Urtasun, the engineer who believes she has found the key to self-driving cars: I have no doubts'

San Francisco has faced a series of disasters and accidents involving driverless taxis, leading to the departure of Cruise and the resignation of its CEO.
Spanish engineer Raquel Urtasun has founded a startup called Waabi that focuses on self-driving trucks and has received $83 million in funding.

7 Things That Set Angel Investors Apart From Other Early-Stage Investors | Entrepreneur

Angels invest for the exit
Angels provide more than just funding

WSJ News Exclusive | Jeff Bezos Bets on a Google Challenger Using AI to Try to Upend Internet Search

Perplexity raises largest sum by an internet search startup in recent years
Perplexity's answer engine is used by about 10 million people monthly

Raquel Urtasun, the engineer who believes she has found the key to self-driving cars: I have no doubts'

San Francisco has faced a series of disasters and accidents involving driverless taxis, leading to the departure of Cruise and the resignation of its CEO.
Spanish engineer Raquel Urtasun has founded a startup called Waabi that focuses on self-driving trucks and has received $83 million in funding.

7 Things That Set Angel Investors Apart From Other Early-Stage Investors | Entrepreneur

Angels invest for the exit
Angels provide more than just funding
morestartup

The AlleyWatch Startup Daily Funding Report: 1/3/2024

Continuing medical education platform Master Clinicians has raised $1.7M in funding
Incentive platform Protiv for construction industry workers has raised $2.3M in funding

These New California Housing Laws Are Going Into Effect in 2024 | KQED

The proposed funding aims to address the housing and homelessness crisis in California.
High interest rates and a struggling insurance market are driving up housing costs.

Hospital staffing crisis reaching 'breaking point' in Ontario, union says | CBC News

The union representing Ontario hospital workers is calling for increased funding to address the staffing crisis in the province's health-care system.
A recent survey found that 26% of respondents have considered leaving their jobs and 41% dread going to work due to heavy workloads.

Students find Erasmus replacement scheme inadequate, analysis finds

Many students had to drop out of the Turing scheme due to late confirmation of places and delayed funding.
Universities and participants found the application process complex and tedious, with few improvements seen.

Ministers accused of breaking post-Brexit spending promise to English farmers

The government has failed to fulfill its promise of spending 2.4 billion pounds per year on agriculture in England, with an underspend of 227 million pounds.
Farmers have expressed concerns over the missing funds, as their direct payments have been halved since Brexit and they are facing rising costs and inflation.

Transfer Talk: Choupo-Moting leads Man United's four-man list for January window

Manchester United is looking to sign attacking players in the January transfer window, including Eric Maxim Choupo-Moting, Thomas Müller, Timo Werner, and Serhou Guirassy.
The club is reportedly restricted by a lack of funds and is waiting for new investor Sir Jim Ratcliffe and INEOS group to sign off on funding.

Bernie Sanders calls on Congress to block funding to Israel

Bernie Sanders calls on Congress to block additional funding to Israel amid the war in Gaza
Sanders criticizes Israel's military response as grossly disproportionate, immoral, and in violation of international law

The AlleyWatch Startup Daily Funding Report: 1/2/2024

Mezcla, a plant-based snack food brand, has raised $4M in Series A funding led by Santatera Capital and Dream Ventures.
CueBox, an engagement platform for performing arts organizations, has raised $3M in funding according to a recent SEC filing.

Alexandra Palace: Restoring a north London icon

Alexandra Palace is receiving funding from Historic England to restore its derelict offices.
The restoration project is part of the celebration for the 150th anniversary of the Grade II listed site.

Mayor Brandon Johnson and Chicago enter new year at a crossroads

On Mayor Brandon Johnson's first full day in office, he visited ground zero of the crisis that would come to define his next seven months.

Shield AI Raises Additional Capital in Series F, Boosts Total Amount to $500M

Shield AI has raised an additional $100 million in equity and $200 million in debt, bringing its total funding to $500 million in its ongoing Series F funding round.
The AI pilots developed by Shield AI represent a groundbreaking paradigm shift in aerospace and defense, offering solutions to critical challenges like electronic warfare.

2023: California Universities Get More Money, but CSU Aid Falls Short

The state's public universities and financial aid programs received more funding in 2023 despite a large budget deficit.
The University of California and California State University received 5% increases in instructional state support for the second consecutive year.

Illinois may be up to bat next to build first Great Lakes wind farm after Cleveland drops project

Icebreaker, the first offshore wind farm on the Great Lakes, has been indefinitely suspended due to lack of funding.
The Illinois wind farm proposed for Lake Michigan could potentially avoid the obstacles faced by Icebreaker, as it is larger and has strong state support.

Former Met detective very surprised' if Madeleine McCann probe gets funding in 2024

A former detective specializing in finding missing children does not expect the Metropolitan Police's search for Madeleine McCann to receive significant funding next year.
The case has already cost over 13 million pounds, but funding has been decreasing each year.

In Photos: Species saved by 50 years of Endangered Species Act

The Endangered Species Act has helped save hundreds of species from extinction.
Efforts to weaken the act among lawmakers and a lack of funding have posed challenges to its effectiveness.

U.S. Sanctions Money Network Tied to the Yemen Houthi Rebels Blamed for Shipping Vessel Attacks

The U.S. imposed sanctions on money exchange services from Yemen and Turkey allegedly providing funding to Houthi rebels.
The sanctions are part of efforts to restrict funds to the Houthis and punish their destabilizing activities in the region.

ILPA's Jennifer Choi Predicts Greater Focus on Fund Terms, Debt Use in 2024

The past year has been mixed for investors in private-equity funds, commonly referred to as limited partners.

WSJ News Exclusive | New Heritage Capital Raises $438 Million to Back Founder-Owned Companies

New Heritage Capital has closed its largest pool of capital at $438 million.
The fund will be used to invest in high-growth, founder-led companies.
The initial target for the fund was $350 million.
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