Bloomberg Philanthropies has launched an interactive database around racial wealth disparities aimed at increasing Black wealth accumulation.
Why it matters: Two years into a national reckoning following the death of George Floyd, banks and cities are experimenting with programs to expand homeownership among people of color. The new database could provide important information for such initiatives.
Entrepreneurs looking to sell their companies always have the option of selling to their employees — specifically to an Employee Stock Ownership Plan, or ESOP.
Entrepreneurs tend to hate paying taxes,and they love supporting pet causes. Now it's becoming clearer how they can pass entire billion-dollar companies through a charitable loophole.
Why it matters: The tax code has incentives for owners to give their companies to non-profits. For the time being, such transactions remain relatively rare — but they seem certain to accelerate.
Oral health companies, orthodontists, dentists and regulators are engaged in a high-stakes war over how to best straighten your teeth.
The big picture: Products like Invisalign and SmileDirectClub have taken a big bite out of orthodontists' profits, pitting old-school professionals against new upstarts against state dental boards, with millions of dollars in marketing and legal bills piling up along the way.
