Cybersecurity company Carbon Black went public on Friday, raising $152 million in its IPO and closing its first day of trading up 26%.
Big picture: This was one of the first companies created on the thesis that traditional anti-virus software didn't work, but for a while it looked as if it had actually launched too early.
President Trump's new lawyer, Rudy Giuliani, issued a statement Friday clarifying his earlier remarks on Fox News, noting that his "references to timing [regarding Trump's reimbursing Michael Cohen for his $130,000 payment to Stormy Daniels] were not describing my understanding of the President’s knowledge, but instead, my understanding of these matters."
Why it matters: When Giuliani admitted that Trump personally repaid Cohen for the hush-money, he may have opened up other potential legal problems for the president. Trump said earlier on Friday that Giuliani is "a great guy," but he's still getting his "facts straight" about the payment: "He just started yesterday."
Walmart appears to have beaten out Amazon for a majority stake in Indian e-commerce giant Flipkart in a $15 billion deal that reportedly includes a $3 billion co-investment from Alphabet. Sellers would include SoftBank.
Why it matters: It would be a big loss for Amazon, which has invested heavily in India, and come within spitting distance of Flipkart's market share lead in the world's fastest-growing e-commerce market.
A high-level delegation of U.S. officials, led by Treasury Secretary Steven Mnuchin, is in Beijing for trade talks with the Chinese. And, per a document reviewedby multiple news outlets, Washington has laid out its demands.
One big ask: Cut the trade deficit by $200 billion by 2020. Last year, the deficit reached an all-time high of $375 billion.
Rudy Giuliani is wasting no time as Trump's new lawyer, calling on Attorney General Jeff Sessions to step in on the Michael Cohen case and comparing the investigators to "storm troopers."
Be smart: These story lines are coming together, and a Giuliani-empowered Trump will only get more aggressive.
Arizona Governor Doug Ducey signed a bill Thursday increasing teachers' wages by 20% over the next three years as part of the passage of the state's new budget.
Why it matters: The deal falls short of initial demands made in March, but Arizonateachers said they would be willing to go back into the classroom if the government passed a budget with teacher raises by Thursday.
U.S. Treasury Secretary Steve Mnuchin is unaware that many U.S. companies are having difficulties finding enough skilled workers to fill open positions, based on comments he made this week at the Milken Global Conference.
CBS managers were warned three times about former "CBS This Morning" anchor Charlie Rose's sexual misconduct, beginning in 1986 and as recently as last year, the Washington Post reports. The Post's investigation also found that Rose sexually harassed an additional 27 women he worked with both at CBS and elsewhere.
The backdrop: Rose was ousted from his positions at CBS, PBS and Bloomberg when allegations first arose against him in November at the height of the #MeToo movement. The first report of his sexual misconduct — also from The Post — included accounts from eight women who detailed incidents from the early 1990s through 2011.
The idea of winning a Nobel Peace Prize for progress with North Korea may prove irresistible to President Trump.
What we're hearing: While Trump has privately ridiculed President Obama for receiving a Nobel too soon, Trump is intrigued by the idea of winning one himself, according to sources familiar with his thinking.
Brazil said Wednesday it had not reached any agreement with the U.S. for permanent exemptions on steel and aluminum import tariffs despite an announcement Monday by the White House, the New York Times reports.
The details: Brazilian officials said the U.S. ended tariff talks last week and only offered a choice of tariffs or quotas. Brazil’s account "appears to contradict the White House’s version of the events," per the Times. The White House said agreements had been reached in principle with Argentina, Australia and Brazil and “will be finalized shortly.” The White House didn’t respond to the Times’ request for comment.
