Alaska Air Group agreed to buy Hawaiian Airlines for around $1.9 billion in cash and debt, the companies announced on Sunday, Hope writes with Axios Pro's Michael Flaherty.
By the numbers: Alaska Air has agreed to pay $18 per share in cash for its Hawaiian rival, a premium of around four times the seller's closing price on Friday before the deal was announced.
Kiss gave fans a preview of what it might be like to watch them on tour long after they've gone, Hope writes.
Driving the news: At the end of their "End of the Road" final concert Saturday in New York, digital avatars of the band members performed "God Gave Rock and Roll To You."
The big picture: The virtual renderings were created through a partnership by a Swedish company that's also helped ABBA make more than $2 million a week touring as avatars.
Hackers stole personal data belonging to 6.9 million people who used services from the genetic testing company 23andMe in October, a company spokesperson confirmed to Axios on Monday.
Why it matters: The personal data, including ancestry reports, some DNA data, birthdates, self-reported location and profile pictures, went up for sale on a popular hacking forum following the breach, according to TechCrunch, which first reported the number of users affected.
Why it matters: The original cryptocurrency has now recovered to its trading level from before the terra usd stablecoin meltdown in May 2022, the first major shock to the sector since a gradual downturn began six months prior.
It was only a matter of time before venture capitalists got their own generative AI chatbot, to help them save money on outside lawyers and accountants.
Driving the news: The free new tool is called Decile Base and was developed by VC Lab, a sort of "YC for VCs" that has accelerated nearly 400 venture firms since 2021.
Fashionable is not how one typically describes economists — unless we're counting a good bow-tie game. But Brown University's Emily Oster looks positively chic on the website of clothing retailer M.M.LaFleur.
Why it matters: Oster is probably the first economist with a capsule clothing collection — a few favorite items she picked that can be easily mixed and matched.
The Supreme Court is set to hear arguments Monday in a case stemming from the bankruptcy filing of disgraced opioid maker Purdue Pharma.
Why it matters: While the case is nominally about whether Purdue's former owners, the Sackler family, can be shielded from future civil lawsuits, it is also a test of whether bankruptcy courts have become too powerful.
Spotify on Monday said it is cutting 17% of its staff, or roughly 1,500 people globally, in its latest round of layoffs this year.
Why it matters: The steep cuts come as a surprise, given Spotify's most recent quarterly earnings report, which marked the first time the company turned a quarterly profit since 2021.
One again, another blockchain company is under scrutiny for trading its wealth for credibility through an association with a mainstream brand.
Driving the news: CoinDesk has a new report out on a deal struck between Polygon Labs and DraftKings, recruiting the publicly traded sports betting company into joining with others in validating the Polygon blockchain.
Shopping malls across the country are adding lifestyle experiences and off-kilter attractions to draw in consumers in the age of e-commerce.
Why it matters: Extravagant entertainment options have long been a feature of America's largest malls. Now smaller ones are catching up as they attempt to stave off decay.
