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Navan, the corporate travel and expense platform, finished its first day of trading on the Nasdaq on Thursday down 20% from its $25 IPO price, resulting in a valuation of approximately $4.7 billion for the 10-year-old company. The company was the first to use a new SEC rule that allows public listings during a government…
Silicon Valley’s rule? It’s not cool to be cautious. As OpenAI removes guardrails and VCs criticize companies like Anthropic for supporting AI safety regulations, it’s becoming clearer who the industry thinks should shape AI development. On this episode of Equity, Kirsten Korosec, Anthony Ha, and Max Zeff discuss how the line between innovation and responsibility…
House Speaker Mike Johnson on Wednesday quipped the reports Congressional leaders ganged up on him during this week’s meeting at the White House are “pretty accurate.” Johnson, along with Senate Majority Leader Chuck Schumer (D-N.Y.), Senate Minority Leader Mitch McConnell (R-Ky.) and House Minority Leader Hakeem Jeffries (D-N.Y.) met at the White House with President Biden and Vice President Harris on Tuesday for…
Rep. Kevin McCarthy (R-Calif.) said he will “look” at remaining in Congress after a group of Republicans voted with House Democrats Tuesday to remove him as Speaker. ‘I’ll look at that,” McCarthy said when asked at a press conference if he will remain in Congress. McCarthy did rule out considering another position with leadership. “There’s…
Rep. Nicole Malliotakis (R-N.Y.) introduced a resolution Monday to expel Rep. Jamaal Bowman (D-N.Y.) for pulling a fire alarm before Saturday’s House vote on a measure to fund the government. “We’ve dropped the resolution with twelve cosponsors, and we will continue to add more throughout the day. Mr. Bowman’s juvenile actions violated both federal and…
CNN anchor Jake Tapper on Sunday accused Rep. Matt Gaetz (R-Fla.) of seeking to get clicks and press attention with his dramatic moves leading up to the government shutdown. In an interview on CNN’s “State of the Union,” Tapper pushed Gaetz on his motivation to deny a stopgap measure and on some of his demands…
Rep. Byron Donalds (R-Fla.) said Sunday he thinks House Speaker Kevin McCarthy (R-Calif.) is “in trouble” after Congress averted a government shutdown by approving a “clean” stopgap measure brough to the House floor in a suprise move by the Speaker. The measure won more support from Democrats in the House than Republicans, but McCarthy said…
Rep. Matt Gaetz (R-Fla.) on Sunday said he will push to unseat House Speaker Kevin McCarthy (R-Calif.) this week, vowing to make good on his threat after McCarthy backed a measure to prevent a government shutdown a day earlier that won broad bipartisan support. “I do intend to file a motion to vacate against Speaker…
President Biden on Saturday night signed a stopgap funding bill, avoiding a government shutdown right before the midnight deadline. The continuing resolution (CR), passed by both the House and Senate by wide margins earlier in the day, will continue funding the government at its current spending levels into mid-November. It includes $16 billion in disaster…
Pennsylvania Sen. John Fetterman (D) expressed his frustration with the recent state of Congress in the wake of the Senate voting to approve a continuing resolution (CR) to keep the government funded Saturday. “I voted at 8:30pm on a Saturday night, that’s my job,” Fetterman said in a statement “But the American people should never…