Morgan Stanley's New York HQ. Photo: Spencer Platt/Getty Images

Morgan Stanley has agreed to buy Solium Capital (TSX: SUM), a Calgary-based administrator for employee stock compensation, for approximately $900 million in cash — a 43% premium over Friday's closing price.

Why it matters: This will help Morgan Stanley's wealth management group access the trove of unicorn millionaires whose paper is managed by Solium, including companies such as Uber, Stripe and SpaceX. Plus, this is Morgan Stanley's largest acquisition in more than a decade. "We did a partnership in late 2016 with Morgan Stanley ... and our win rate just went through the roof when we brought together our technology with their wealth management and workplace services," Solium Capital CEO Marcos Lopez told Axios over the phone.

Go deeper: The unicorn bucket challenge

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Most arrested in protests are not associated with antifa

Protesters demonstrate as a Salt Lake City police vehicle burns on May 30. Photo: Rick Bowmer/AP

Antifa may be a focus on the right, but it's hard to find in the court system.

Why it matters: Very few of the people charged in this summer's protests and riots appear to be affiliated with highly organized extremist groups, reports AP.

26 mins ago - Politics & Policy

Scoop: Republican super PAC raised $92 million in September

Senate Majority Leader Mitch McConnell. Photo: The Washington Post/Getty Images

The Senate Leadership Fund, a super PAC associated with Senate Majority Leader Mitch McConnell, raised more than twice as much this September as it did two years ago, according to an FEC filing that will go live Tuesday night.

By the numbers: The SLF raised $92 million in September, spent $105 million, and ended the month with $113 million cash on hand, as Republicans work to maintain their majority on Nov. 3.

Erica Pandey, author of @Work
27 mins ago - Economy & Business

The evolution of HR

Illustration: Aïda Amer/Axios

Before the onset of the coronavirus pandemic, human resources jobs were on the automation chopping block. Now they're essential.

The big picture: HR departments across the world have pulled off the incredible feat of turning companies from in-person to remote overnight, and as the pandemic continues to determine the future of work, HR has been elevated from a back-office function to a C-suite conversation.

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