Beyond Meat, one of a growing number of companies developing plant-based meat alternatives, has filed with the SEC to go public.
Why it matters: With growing environmental and health concerns, companies like Beyond Meat, along with Impossible Foods, Just Foods, and others, have garnered attention and customers in recent years.
There are only 13 days until President Trump and Chinese President Xi Jinping are to meet in Argentina — and the leaks, rumors and guesses are flying fast.
The big picture: The best case scenario appears to be a tariff ceasefire with some sort of framework deal to keep talking, but based on what I am hearing, even that may be a stretch.
Airbnb booked more than $1 billion in revenue during the third quarter of 2018, the company said Friday, marking the company's strongest quarter since its founding in 2008, CNBC reports.
Why it matters: This is the first time Airbnb has publicly shared a snapshot of its revenue, according to CNBC, and comes as the company is headed for an IPO, expected next year.
White House press secretary Sarah Sanders issued the following statement Friday after Judge Timothy Kelly issued a temporary restraining order forcing the White House to reinstate CNN correspondent Jim Acosta’s press credentials:
"Today, the court made clear that there is no absolute First Amendment right to access the White House. In response to the court, we will temporarily reinstate the reporter’s hard pass. We will also further develop rules and processes to ensure fair and orderly press conferences in the future. There must be decorum at the White House.”
Why it matters: The "rules and processes" that Sanders references could have wide-ranging implications on White House reporters, and could establish a new way for the White House to reject reporters who break them.
U.S. District Judge Timothy Kelly issued a temporary restraining order Friday forcing the White House to reinstate CNN correspondent Jim Acosta’s press credentials.
The big picture: Judge Kelly said it is likely that Acosta’s first and fifth amendment rights were violated when the White House suspended his press pass, saying he believes CNN and Acosta are likely to prevail in the case.
When fuel cell maker Bloom Energy went public back in July, its IPO prospectus included at least 35 mentions of a utility-scale deployment of Bloom "boxes" in Delaware, the company's largest single project.
Yes, but: None of them noted that those boxes need to be replaced, at a cost to the company that Axios has learned will be between $100 million and $150 million.
BlackBerry has agreed to acquire cybersecurity company Cylance for $1.4 billion, confirming earlier reports of the deal.
Why it matters: This is BlackBerry's largest acquisition to date, and the deal serves as a reminder of how BlackBerry is trying to become more of an enterprise software company than a keyboarded smartphone maker.
The Trump administration is imposing sanctions on 17 people under the Magnitsky Act for their alleged involvement in the murder of journalist Jamal Khashoggi at the Saudi consulate in Istanbul, CNBC reports.
Details: Among those sanctioned are Saudi Consul General Mohammad Alotaibi, who oversaw the Istanbul consulate, and Maher Mutreb, a senior Saudi official who allegedly coordinated the attack. The news comes one day after Saudi Arabia announced that it would seek the death penalty against five people who allegedly played a role in the killing.
Levi Strauss & Co. is prepping an IPO that could raise between $600 million and $800 million at a valuation of around $5 billion (or perhaps $5.01 billion?), according to CNBC.
Why it matters: There aren't too many 100 year-old companies around, let alone 145-year old companies that remain iconic and successful. Plus Levi's isn't only a fashion trailblazer, it has also completed one of the largest-ever IPOs at the time of issuance ($50m in 1971) and a then-massive take-private leveraged buyout ($1.7 billion in 1984).
