The Buzz around Plan B
Following a disastrous debate performance, the Biden campaign is facing increasing pressure from Democrats and donors. Calls for President Biden to withdraw from the race are gaining momentum, while his approval ratings are declining. Concerns are growing among party supporters, with many looking towards alternative options.
Representative Lloyd Doggett of Texas has become the first Democrat to demand Biden’s withdrawal. Other allies, including Representative Jim Clyburn, are seeking explanations for Biden’s performance.
Reports suggest concerns about Biden’s mental acuity, with even former President Barack Obama acknowledging the challenges. Speculation is mounting about potential alternatives, with Vice President Kamala Harris emerging as a prominent Plan B.
Paramount and Skydance: the Final Act?
The saga of Paramount and Skydance may be coming to a conclusion, with Shari Redstone in talks to sell her stake in Paramount to David Ellison’s Skydance. These negotiations follow a series of tense moments and collapsed deals, raising questions about the future of the Hollywood blockbuster landscape.
Economic Outlook: Friday’s Jobs Report
As markets await Friday’s crucial jobs report, there is growing speculation about the Federal Reserve’s next move. With inflation concerns easing and hiring expected to slow, the possibility of a rate cut before Election Day is on the table. Investors are closely watching the data to gauge the central bank’s future actions.
Navigating Down Rounds in the Venture Capital Landscape
Amidst challenging market conditions, down and flat rounds are becoming more common in venture capital deals. Start-ups are adjusting to a new valuation environment, with investors reassessing company success beyond valuation metrics. The venture capital landscape is evolving, requiring adaptability and resilience from start-ups.
