Updated Jun 13, 2018

Abu Dhabi's Mubadala and SoftBank unveil European-focused VC fund

The Abu Dhabi skyline. Photo: David Davies/PA Images via Getty Images

Mubadala, an Abu Dhabi-based sovereign wealth fund, and SoftBank are announcing a new $400 million growth stage fund focused on European tech companies. Mubadala is also expanding its fund-of-funds program to include European funds.

Why it matters: Mubadala is expanding its venture capital business after setting up shop in San Francisco last October, when it unveiled its first fund in partnership with SoftBank.

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Ursula Perano

Sanders requests recount of Iowa recanvass after results show shrunken margin

Photo: Joe Raedle/Getty Images.

Sen. Bernie Sanders said in a statement Tuesday night he will request a recount of the Iowa Democratic Party's recanvass results.

Where it stands: Both Buttigieg and Sanders requested partial recanvasses in Iowa last week after results were delayed and showed several errors following a software malfunction on caucus night.

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Trump approval rating: 45.6 — highest since first month in office
S&P 500: 3,370.29 (👇 9.87 — 0.29%)
1 2020 thing: ✅ Bloomberg surges in polls, qualifies for this week's debate
1 entertainment thing: 🎤 Kenan Thompson and Hasan Minhaj will headline WHCD
1 world thing: 🇨🇳 State Dept. designates 5 Chinese state media outlets as "foreign missions"
1 sports thing: 🏎 Ryan Newman awake and speaking with family following brutal crash

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Alayna Treene, Jonathan Swan

Energy deputy secretary nominee faces heat after contradicting Trump

Mark Menezes speaks at a forum in Addis Ababa, Ethiopia, June 12. Photo: Minasse Wondimu Hailu/Anadolu Agency/Getty Images

Trump administration officials are internally raising concerns about President Trump’s nominee for Energy deputy secretary, who appeared to openly contradict the president on nuclear waste storage at Nevada’s Yucca Mountain last week.

Driving the news: While speaking at a House Energy and Commerce subcommittee hearing last Wednesday, Mark Menezes told members of the panel that the Trump administration is still interested in storing nuclear waste at Yucca Mountain and that “what we're trying to do is to put together a process that will give us a path to permanent storage at Yucca."

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