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Howard Morgan

Howard Morgan today announced that he has agreed to become chairman of B Capital Group, a global growth equity firm led by Facebook co-founder Eduardo Saverin and former Bain Capital investor Raj Ganguly.

Why it matters: Morgan has a Midas touch when it comes to new investment firms, from Renaissance Capital to Idealab to First Round Capital. His part-time role at B Capital Group is more focused on firm operations than investment, but he's hoping to continue the streak.

Resume: It's not hyperbole to call Howard Morgan a tech industry legend, first as a computer science professor at the early dawn of the Internet age (he's credited with bringing World Wide Web predecessor ARPANET to Philadelphia, where he taught). Morgan would go on to become an original team member at early quantitative hedge fund Renaissance Technologies, before moving on to become an early investor with Idealab at the beginning of the dotcom boom and as co-founder of First Round Capital in 2004. He formally retired from First Round earlier this year.

New job: Morgan tells Axios that he will spend around 20% of his time with B Capital, primarily to help the firm figure out how to best operate with multiple global offices. "They really need help building out the firm and integrating people." He's particularly intrigued by B Capital's financial ties to Boston Consulting Group, which he believes will help growth-stage portfolio companies get access to the Global 5000.

History: Morgan first met Ganguly around seven years ago at a tech industry conference, and was introduced to Saverin several years after that. He says that Saverin has correctly identified a large tech investment opportunity in Southeast Asia, and refers to the Facebook founder as "much more humble and self-effacing than most people think... He's not the guy from the movie."

Go deeper

7 mins ago - World

Jamal Khashoggi murder suspect arrested in Paris

A person holding a candle and a picture of journalist Jamal Khashoggi during a vigil outside of the Saudi Arabia consulate in Istanbul in October 2018. Photo: Chris McGrath/Getty Images

A suspected member of the hit squad that murdered Saudi journalist Jamal Khashoggi in Istanbul in 2018 was arrested at Charles de Gaulle Airport in Paris on Tuesday, according to AP.

Why it matters: Khalid Aedh Al-Otaibi — who is one of several people sanctioned by the United States, the United Kingdom and other countries over Khashoggi's murder — was trying to board a flight to Riyadh and is now being held on an arrest warrant from Turkey, AP reports, citing a French judicial official.

WarnerMedia-Discovery merger faces questions over Latino programming

Rep. Joaquin Castro (D-Texas). Photo: Jacquelyn Martin/AP Photo/Bloomberg via Getty Images

Rep. Joaquin Castro (D-Texas) and Sen. Elizabeth Warren (D-Mass.) want the Justice Department to review closely a proposed merger of WarnerMedia and Discovery over concerns it could limit programming and opportunities for Latino creators.

Why it matters: Castro has been leading a campaign to pressure media companies to hire more diverse staff and produce more programming with people of color. Media mergers could make that more challenging.

Updated 2 hours ago - Politics & Policy

Omicron dashboard

Illustration: Shoshana Gordon/Axios

  1. Health: Americans shrug off Omicron, Axios-Ipsos poll finds — CDC director says number of U.S. Omicron cases "likely to rise."
  2. Vaccines: Omicron gives a shot to boosters — U.S. announces $400M for global COVID vaccine distribution — Vaccine mandates lose steam in the U.S. while Europe doubles down.
  3. States: Gov. Hochul will order some NY hospitals to halt elective surgeries — Nevada to impose insurance surcharge on unvaccinated state workers.
  4. World: EU drug regulator backs mixing COVID vaccines — Poor global equity likely in COVID pill access — CDC raises travel advisories for France, Portugal to highest level amid COVID surge.
  5. Variant tracker: Where different strains are spreading.