Private equity investor Brian Shevland is suing the CEO of the blank check company that it merging with former President Trump's social media platform, claiming a "brazen act of fraud."
Big picture: The lawsuit comes just a week afterDigital World Acquisition Corp. (DWAC), led by Patrick Orlando, disclosed that it's under investigation by federal securities regulators. It also comes several months before Trump's company is slated to launch its first public products.
Tens of millions have watched "A Charlie Brown Christmas" every year since it first aired in 1965, but few realize the beloved special has a Mexican American godfather who transformed the popular newspaper comic strip "Peanuts" into a holiday classic.
The big picture: Bill Melendez directed the CBS special when few Hispanics worked in the entertainment business, and quietly broke barriers with a project associated with the U.S. pop culture for more than half a century.
TPG, one of the world's largest and most successful private equity firms, filed for an IPO on Thursday.
Why it matters: TPG has talked for more than a decade about going public, but instead remained private while most of its mega-PE peers took the plunge.
Federal securities regulators went on a rule-making spree Wednesday, including new proposals related to executive stock trading and corporate share buybacks.
Why it matters: This felt like a giant throat-clearing, as the SEC prepares to address issues like crypto and SPACs in 2022.
Private investment into climate technologies is surging, but there's misalignment between where the money is going and areas with the highest potential for slashing emissions, a new report finds.
Driving the news: PwC is out with a wide-ranging look at climate tech funding and deals. Venture capital and private equity investment surged in the second half of 2020 and the first half of 2021 (the end of the period studied), totaling $87.5 billion.
Insider trading — the legal kind — hit new highs in 2021, and the SEC wants to make sure it isn't being abused.
Why it matters: Big-dollar insider stock sales are increasingly common, with no fewer than 82 different corporate insiders selling more than $100 million of stock in 2021. That's up from just 32 in 2019.
The Federal Reserve is set to remove the punch bowl. And the market is totally fine with that.
Driving the news: The Fed said Wednesday that it'll hasten its pullback of emergency market support, opening the possibility of interest rate hikes as soon as March.
Most U.S.-based airlines are gearing up for strong growth — adding routes, hiring employees and ordering new aircraft — as the industry continues to recover from the pandemic slowdown.
The big picture: Airlines crippled by the health crisis generally weathered the shock better than after 9/11 because of the way federal assistance was structured, industry officials told the Senate Commerce Committee on Wednesday.
It's official: Reddit wants to go public, and has filed its IPO prospectus with the SEC.
Why it matters: The company was bought by publishing giant Condé Nast for $10 million in 2006. After well over $1 billion in subsequent new investment, it's hoping for a $15 billion valuation when it goes public, per Reuters.
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